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What's involved in a short sale?

I'm looking for an expert to do the short sale for me

What will a short sale do to my credit?

I want to do a deed in lieu - will the Mortgage Relief Formula help me?

I have two mortgages, can Mortgage Relief Formula help me?

I am a real estate agent, how can Mortgage Relief Formula help me?

What if I get the home trial but don't want to keep it?

What's the on line private forum all about?

How can Mortgage Relief Formula slash my huge credit card debt?

I'm interested in the course - how can I examine it without risk?

How can a house really sell in nine days?

 

This letter may be the most important letter you ever read.

It tells you how to negotiate with your lender to keep your home and actually improve your credit.

And how you may be able to stop foreclosure and get a better loan from your lender even if you are facing foreclosure. Even if your sale date is next week.

But I know what you are thinking…why listen to me? And who am I, anyway?

My experience was a hard teacher

My name is Richard Geller and I lived out in California during the last big real estate run-up in prices. Our house doubled in value in three years. I took money out by borrowing on a second mortgage and then a third mortgage, and I went out and bought foreclosure properties.

I bought and sold over four million in properties. All I did was negotiate with lenders. I would negotiate when I bought houses. And I would negotiate when I was holding on to houses. And I would negotiate when I was selling the houses.

I really learned a lot about working with lenders!

And just so you see what my experience is, I will tell you that I did a lot more. For instance, I started on apartment buildings with my business partner. My partner and I worked together as he developed 10 apartment buildings and we bought and sold.

All that time I was working on hundreds of thousands of dollars in borrowed money.

So when real estate collapse (and boy did it ever collapse), I was strung out with hundreds of thousands in debt.

And to make matters worse, I was involved in a costly lawsuit from a past business that had failed. They were coming after me for that money and so was the bank.

I had no source of income anymore because the real estate market had dried up and I needed to make money quickly. I couldn't see staying in real estate with all the debts.

I went to a bankruptcy lawyer to lay out my options and I started researching what I should do.

Now I developed the Mortgage Relief Formula, a home study course that teaches you the techniques I learned and have taught many others.

How I worked with my lenders — and how you can too!

Thankfully I managed to unload every property except for two — my own house, and one apartment building. So I had hundreds of thousands I owed on my house, and it was falling and falling in value.

Pretty soon it was worth less than what we had paid for it, years earlier.

And the apartment building was a management nightmare. It was losing money because tenants would come and go and due to a poor location, I couldn't see a way out of that mess either.

As always, I discussed things with my lenders. I won't tell you who they were, but they are very big banks.

I managed to get my home loan worked out, and decided on a short sale. I got the lender to say "yes" and got the house sold and still had decent credit afterwards. They agreed not to pursue me and I didn't have any tax issues, either.

I worried about getting 1099 income and I worried about my credit, but I managed to handle both problems.

I never heard from the IRS. And I never made a single late payment. I paid everything on time up until the short sale closed and I was off the hook.

The lender never went after me, and I was out from under.

Next, I went about negotiating with the lender on the apartment building. I could not afford to keep it anymore. I was paying out but the tenants were leaving and it was a horrible mess.

I used my negotiating secrets and the lender on the apartment building agreed to a deed in lieu of foreclosure. My partner and I signed a grant deed and handed the bank the keys. We no longer owned the apartment building and we no longer had that huge nightmare to worry about.

And my credit remained just fine through the deed in lieu of foreclosure as well.

Over the years, I have been involved in helping over 300 entrepreneurs to realize their dreams, and I have raised millions of dollars in venture capital and started various businesses. I have continued to research credit and real estate. I created a home study course with a real estate guru on how to buy properties with no money and no credit.

And then I recently developed a home study course and on line system to help people like you get out from under your crushing mortgage.

It's called Mortgage Relief Formula.

How to engage your lenders - and get a mortgage loan modification approved

You may have a sale date coming up when the foreclosure will happen. Or perhaps you are working in the business of real estate and have clients in this situation.

If so, the Mortgage Relief Formula will help you get out from under.

My system can help you get a loan modification submitted and approved by your lender. A loan modification can:

• Give you time to pay the late payments and arrears
• Stop the foreclosure process
• Freeze your payments, or lower your payments temporarily
• Lower your payments permanently

Beware that lenders will initially say "No no no" to all of this. But that is only because you do not know the secrets of dealing with the lenders…

How to sell the lenders with the right package

The lender (or sometimes lenders) has to see that they are better off accepting your offer of lower payments than they are if they refuse you and get your house back. In other words, you have to sell the lender and they need to see the following:

• That you have the income to honor the new, lower payment. They don't want to do through aloan modification only to have you default.
• That there is little or no equity in the house. Or negative equity.
• That the house is one that they do not want to get back.
• That your situation is temporary and will turn around.

So if you can present the right package of paperwork to the lender, you have a decent shot at their approving a loan modification that can lower your payments. And you can stay in the house.

What you will learn in my Mortgage Relief Formula is:

• How to present your information to your lenders so they say "yes" in days and not months
• How to present your paperwork to the lenders, by avoiding three very common mistakes, one that even experts won't tell you
• What do do when the person you speak to says "no"
• When it is hopeless to do a loan modification and when it isn't. If it is hopeless, you will want to do a short sale.
• How to get your lender to approve a short sale that actually improves your credit
• How to sell your house in nine days, with no fix-up, even when there are "no buyers". This single method has accounted for one man selling 60 houses with no stress, no fuss, and the lenders' approval!

Because sometimes a short sale will be the only way to go. I hope it isn't, but if it is, you will get a lot of help from my Mortgage Relief Formula…

Short sale help when you have two mortgages

You may  be worried because you have not one but two (or even three) mortgages. A short sale is much more complicated in that case.

There are in's and out's of this and that is why the Mortgage Relief Formula includes detailed instructions on how to negotiate in this situation…

• Do you owe more on your second mortgage than your first?
• Has one or the other mortgage company refused to negotiate with you?
• Are you wondering which company to approach?

All of this is much simpler than you think when you have the information you need. I include 30 days of online individualized help with access to additional audios and important bulletins. You can discuss your situation and get instant help. And you can see how others are doing.

It's all anonymous, too, for maximum privacy.

You'll have a handle on your situation and you'll know what to do. Even if you decide to hire a short sale expert you will not get taken to the cleaners.

How to do a short sale using expert help

These days everyone and their brother says they are a short sale expert. Your Realtor may be saying "Oh, I do these all the time."

But it turns out that a lot of people who buy my Mortgage Relief Formula are real estate professionals. Realtors. Mortgage Brokers. And do you know why they purchase my program? Listen to what one has to say: 

I have been in the mortgage profession for 15 years and this home study course is exactly what today's homeowner needs. It gives families unbiased, detailed and useful information that they can literally take to the bank. If you are starting to or have already fallen behind on your payments, you need to read this before you do anything else. It can literally help save your home, your credit and give you the peace of mind in knowing that you have options. Richard has written a wonderful course that will help families in this turbulent real estate market. I recommend his course to anyone that has fallen victim to this market.

Bill Gifford

When you work with an expert, you need to know what they are doing so that you: