Bluprint Real Estate Strategies
Creative Real Estate Solutions
We say YES when the banks say NO!
Rising incomes usually lead to a preference to buy rather than rent, however slightly less favorable mortgage lending environment will dampen that effect—but not eliminate it. We provide creative solutions to a rising problem in our current financial climate. Banks are tight on their lending requirements however home ownership is not impossible. Simply because your mortgage application was denied doesn't always mean you can't get a mortgage.
Lenders reject about 1 in every 2 applications they receive to refinance a mortgage, according to the Mortgage Bankers Association. About 30 percent of purchasers who apply for a mortgage are turned down. You do NOT have to take NO for an answer. The reason you were denied is listed in the denial letter that you receive. Don't worry, we can help!
We have a 12-18 month program that is helping homeownership dreams come true. We work with you to increase your cash flow, minimize your taxes and negotiate your debt so that you are credible. We are dedicated to serve you with our team of tax specialist, lawyers and financial team. No project is too small to create your VISION. THE TRUTH ABOUT THE REAL ESTATE BUBBLE
CREDIT
Lending instiutions defined weak credit profile at origination as a borrower who takes out a loan with either a combined loan to value ratio (CLTV) above 90, a back-end debt to income ratio (DTI) above 45, or a CLTV below 90 and DTI below 45 but with a FICO credit score below 680.
We work with you to diligently get this issue under submission, we have home owners who are willing to allow you to lease the home under a lease/purchase agreement that is suitable for all parties to transfer into home ownership.
FORECLOSURE or SHORT SALES
Many people are facing foreclosure or shortsales due to being subjected to underwater loans. Many refinanced during the bubble however there are still over 718,000 homes currently still under water easily. We offer solutions to assist in this debt burden to lighten the load for American families.
Foreclosure Assistance Program - This program is for homeowners that are in: 1) default, 2) pre-foreclosure, or in 3) foreclosure. This programs looks to provide an End Solution for the distressed homeowner. The FAP program will typically take 18 to 24 months on average to complete. Our goal is put homeowners in a position in which they have either:
1) a new note that is 80% of what is was previously (Exp. A $300,000 mortgage is now $240,000)
2) the homeowner will keep the same note with all of the back payments and legal cost eliminated with a new lower payment.
The homeowner in this program is subject to a monthly fee service payment.
Surrender Program - This program is similar to the Foreclosure Assistance Program. However with this program the homeowner does not want to keep the property. The homeowner puts the property into our company's name. We will typically pay the homeowner $2,000 to $5,000 to move. There is not fee for a homeowner to sign up in this program. However, we have to qualify your application.
Postponement - We delay or stay the sheriff or trustee sale within this program. For any homeowner interested in this service we will need to have all signed enrollment documents and payment 11 business days prior to the sale date. The fee to get started in this service is 45% of what the homeowner paid for their mortgage payment prior to going into default.
Any files that we receive 10 business days or closer to the sale date, the file would be considered an "Emergency Postponement".
Short Sale Program- We are able to perform short sales for property owners that are in default. We are also positioned to assist Realtors to
complete short sales.
Conclusion on Short Sales
• We negotiate Short Sales on average to 30% - 35% of it's original value
• We can assist the property owner and the realtor
• Our negotiation time frame is 90 to 120 days on average
FILL OUT THE FORM BELOW AND SOMEONE WILL BE IN CONTACT WITH YOU SOON
All information will be kept confidential, we respect your privacy!
