MORTGAGE
CANCELLATION
PROGRAM
Frequently Asked
Questions
Q: Why do I want to cancel my
Mortgage?
A: To recover your equity and
create positive cash flow that you can direct toward wealth-building
activities.
Q: Is the Mortgage Cancellation
procedure legal?
A: Legal administrative
procedures are used to recover your equity.
Q: Will this affect my credit
report?
A: Your credit report will
state Satisfied Satisfactorily on your Mortgage Account.
Q: Will I have to appear in
court?
A: No court appearances have
been necessary to date.
Q: Is there any legal support
available if it happens to go to court?
A: Yes.
Q: How many Mortgages have been
successfully cancelled?
A: Nine (9) since March 2002,
with over 300 more programs in process.
Q: How many Mortgage
Cancellations have failed?
A: NONE.
Q: Is there any guarantee that
this will work?
A: NO
Q: If it doesn't work, will
there be a refund?
A: NO. Remember, we have had no
failures.
Q: Is there any chance that the
banks will come back in the future to take away my property?
A: Not at all. You and only you
have the Title to your Property.
Q: Can this be done for
Commercial Property and if so, is it the same length of time?
A: Yes Commercial Property
Mortgages can be cancelled and it takes up to eight (8) months.
Q: Can one do the Mortgage
Cancellation and then turn around and purchase another property and repeat
this process?
A: It can be done, however we
do not advise it.
Q: How long does the Mortgage
process take?
A: Four (4)
Months.
Q: If I am in Foreclosure, what
can be done to help me save my property?
A: File Chapter
13.
Q: Do you have a Partial Pay
plan?
A: No.
Q: Can someone in Foreclosure
do this program? And at any stage?
A: Yes. If a W-2 wage earner,
file Chapter 13. If an agricultural property, File Chapter 12. If a business,
file Chapter 11.
Q: What about if I am in
bankruptcy? Also . . . at any stage? and type?
A: Refer to the answer
above.
Q: How can I get information
and resources about the process?
A: Contact the Person who
introduced you to this Program.
Q: Will I be receiving
individual help? How can I be assured of timely communication with your
group?
A: Contact the person who
introduced you to this Program.
Q: Will this process work if
one has done a previous administrative process?
A: As long as your payments are
current, or you are in bankruptcy, you can cancel your
Mortgage.
Q: What about if one was
currently in a court process with a summons against them for
foreclosure?
A: The foreclosure can be
stalled with a bankruptcy.
Q: How many letters are
involved in the process and at what interval?
A: The administrative procedure
is proprietary.
Q: What are the expectations of
the client?
A: The client will sign a
limited Power of Attorney and a Non-disclosure and Non-compete. The client will
participate on a limited basis.
Q: Can a bankruptcy be erased
after this process is concluded and how?
A: The Mortgage Cancellation
will interrupt Your Bankruptcy.
When the Mortgage is cancelled,
your Bankruptcy can be dismissed.
Q: Is there any chance of the
process backfiring and the Bank, Foreclosure Company or Third Party debt
collector attorney deciding to sue down the road?
A: The Mortgage is Canceled.
You will receive a Reconveyance of your Property. The Title to the
Property will be in your name and only your
name. The debt is Canceled, not
disputed or discharged.
Q: Who is noticed with this
process? Only the Original Lender? If in Foreclosure, is that
Foreclosure Company noticed as well?
A. The Administrative Procedure
is Proprietary.
Q: Are Property Taxes
affected?
A: You will continue to pay
your Property Taxes.
Q: Why hasn't this been done
before?
A: Nine (9) Mortgages have been
cancelled in 2002. There have been Mortgage Cancellations in the
past and the Lenders required the borrower to sign a
Non-disclosure. Under those circumstances, the
successful cancellations could
not be disclosed.
Maria Porter
Agent
972-2881-4694
|
