PRE-FORECLOSURE FORMS
REQUEST
FOR LOAN STATUS
With this form we can ask your mortgage
corporation or bank about the status of your loan. We approach the mortgage
corporation or bank as your representative. We need this information to be able
to evaluate the possibilities of us buying your property. The information requested
will bring into perspective all the numbers needed to make an offer if it is
possible. When the value of the property is higher that the total debt by at
least 20%, there is a possibility that we can make an offer. In some instances
when the sum of all the mortgages, deeds, etc, (total debt) is higher than the
appraised value of the property, we are not able to make an offer. But this
doesn't mean that there could be other options. This form, after is returned
by the bank or mortgage corporation, will help you fill the Property Evaluation
Questionnaire.
OWNER TO MANAGER AUTHORIZATION FORM
With this form I can "talk" to your lender. Normally, lenders will not give any information concerning your loan to anybody except you and other specialized Government departments. I, acting as your representative or manager, need your authorization to be able to inquire information from the loss mitigation departments of your lender. With this signed form we will be authorized by you to inquire and receive all the information needed to help you avoid foreclosure and or bankruptcy.
PROPERTY
EVALUATION QUESTIONNAIRE
With the answers to this questionnaire
we will be able to evaluate the kind of property you have as part of our own
due diligence process. You will be in a better position to understand our offer
considering the specific characteristics of your property and your present financial
condition in relation to this specific property. Knowing what your property
is really worth, subtracting all the mortgages and leans on the property, taxes
owed legal & bank fees, etc., will help you decide what is the best option
for you and yes, also for us.