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program in the current market could be your largest source of profit share
points. Additionally there is a way to make income for the referrer and
the owner of the property.
Below
are the basics of the program:
- Find
and individual that is about five months behind on their mortgage. (Say
$15,000 past due.)
- They
should have a fairly high loan amount with monthly payments of $2000
- $5000 a month.
- Our
lawyers will work out a loan modification that will eliminate the past
due, drop or lower seconds, lower the monthly payments, lower their
interest and keep them in the home.
- The
fee is about $3000 average and if the owner holds off another two payments
while waiting for the paperwork to process, they will have more than
enough to pay the fee.
- The
lowest Fee is $2200 and 200 profit points are applied to the pool. The
average fee is $3000 and 1000 profit points are applied to the pool.
Fees above $3000 apply 1000 profit points to the pool and 25% cash paid
to the referrer and the originator over $3000. These are general guidelines
but are fairly close to statistical loan modification fees.
- Have
the prospect link to the forms website and fill out the forms that will
be securely sent to and from the lawyer. The form will be coded with
your referral ID and email.
Click
to Register for Forms and other Materials
*
Each $3000 modification fee qualifies you for the pool and 1000 profit
points are donated to the pool projects in the name of the loan originator.
Note:
It will only take 200 full value modifications to raise the $2M for the
mine.
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