Take 7 bites at the Apple (TM).

Before others were promoting Walk Away Plans we were providing Californians with our powerful Upside Down Analysis and workout strategies. 

Should you just walk away? Should you consider a loan modification or forbearance? A short sale? Or, a deed in lieu of foreclosure, a short payoff, lender liablity suits or other options?

Some potential clients wish to keep their homes, others wish to sell their property or take a foreclosure.  Finally, some homeowners just wish to negotiate the best workout possible.  (They are willing to consider a loan mod, a short sale or any of their other options.)  When you work with us you will not get painted into a corner.  We help you achieve the best workout possible. 

Many of our clients elect to work on a hybrid of several plans.  One of our favorties is the Loan Mod on the first, Short Payoff on the second, and a concurrent short sale listing.  The timing of which leg of the plan to commence varies with the client's asset protection goals and exposure to sold out juniors. 

Lets us know if you too are interested in taking mulitiple bites out of the workout apple. 

Risks you may wish to consider:

1. Deficiency - if you negotiate a short sale, or accept a foreclosure, will you owe money to your for the unpaid balance of your loans;

2. Taxes  - will you owe the IRS or the CA Franchise Tax board money;  Will you be able to exclude loan forgiveness income from your taxes?  How about capital gains?  How will the type of workout you chose impact you taxes? 

The California Association of Realtors legal department warns Realtors that a short sale may have significant tax consequences.  For some CA homeowners, a foreclosure may be a much less expensive option. (California's mortgage debt forgiveness law is not the same as the federal mortgage debt forgiveness law.)

3. Credit - How will each workout option damage to your credit score. What can you do to avoid the damage entirely?  Is a short sale less damaging than a Deed in Lieu of Foreclosure?

Our Upside Side Down analysis gives you the answers you need to make an informed and wise decision.

Once you have completed our upside down analysis you will know whether you should Walk Away and accept a foreclosure or if you should negotiate a deed in lieu, a short sale or a Short payoff.  Our upside down analysis gives you the important information you need to make that decision.   

Our Upside Down Analysis - will provide you with the following answers:

1.  What happens if you stop paying your home loans?

2.  A time line of what to expect?

3.  Are you exposed to a deficiency judgment to the first lender after a foreclosure, short sale or deed in lieu. 

4.  Are you exposed to a deficiency judgment to the second lender after a foreclosure, short sale or deed in lieu.

5.  Should you stop paying the first and not the second or the second and not the first and why.

6.  We will give you an opinion drafted by our attorneys regarding California anti deficiency law and whether or not your are protected.

7.  We will give you an analysis of your exposure to taxation.

8. We will explain how your credit may be damaged and what you may be able to do to mitigate the damage.  

  We will help decide if which work out options are best and if you should pursue, lender liability law suits, RESPA requests and lawsuits designed to stop a foreclosure.

Short Sale Program *Email Address *First Name *Last Name Best Phone Number Has this property been your residence  yes since purchase   Never   Part of the time Zip Code where property located Are you Current on your Loans  Yes   No   Yes on 1st but not 2nd   Not on 1st but yes on 2nd Type of Property -- Please select --Single Family Residential Condo I own a building with more than one Residence At time of Purchase - you took out  1 Loan   2 Loans   3 Loans Now you have -- Please select --1 Loan 2 Loans 3 Loans Which loans have been refinanced? Have you Taken Cash Out -- Please select --Yes Yes but it all went into improvements No Indentify Home Equity Lines of Credit  1st   2nd   3rd Total Owed Approx Value of House Please contact me -- Please select --ASAP Within 48 hours ASAP 24 hours 48 hours Goals  No deficiency   Minimize credit damage   Short Sale   Deed in lieu   Short Payoff   Soften up Lender with Lender Liability Letter Do you have a Realtor -- Please select --yes no How long has the property been listed Do you have an offer in to the lender -- Please select --yes no Which loans are late 1st, 2nd, Both Has a Notice of Default been filed Date of NOD if any Comments Enter the code: