MainStreet Resolutons, Inc. in Pompano Beach, Florida
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- Business name: MainStreet Resolutons, Inc.
- Address:
- PO Box 970517
Pompano Beach, Florida 33097 - Phone number: 954-639-0003
- Fax number: 954-342-2330
- Business hours:
- 7 am to 9 pm M-S
- Year established: 2002
- Credit cards accepted: Yes
- Number of employees: 1-5
- Map:
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- Email address:
- Category: Financial
- Description:
- MainStreet Resolutions, Inc. is committed to helping homeowners identify and achieve a solution to their mortgage problems. We are a fully licensed mortgage brokerage business located in Pompano Beach, Florida. Regardless of your particular situation, our team of real estate and mortgage professionals can identify and achieve one or more solutions to your particular financial dilemma. We have already achieved success for hundreds of homeowners just like yourself. If you are ready for a real solution, contact us today for a personal evaluation by one of our professionals. The initial evaluation will be at no charge and absolutely no obligation to you. Within 24 hours, in most cases, we can identify a plausible and achievable solution. You will choose the solution which best suit your needs. That may be restructuring your present mortgage and staying in your home, or disposing of your mortgage obligation and making a new plan. Our Goal is Simple: Helping you Get A Fresh Start. . FRESH START STRATEGIES 1. REFINANCE We have an established relationship with FHA, Conventional lenders, Hard Money lenders and Private Money Sources across the nation who can give loans on properties that are facing foreclosure, if there is enough equity in your property or through principal reduction negotiated with your lender to help your home qualify. This is the best option by far, but this option requires qualification. 2. FORESNSIC LOAN ANALYSIS Were you a victim of predatory lending? Did your lender follow all the rules and federal guidelines in compliance and disclosure? Did you understand the loan you signed? We use forensic loan audits, when applicable to determine if the Lender met their legal obligation when you took out this loan. Our team of experienced loan auditors reviews each mortgage loan looking for TILA or RESPA violations or violations of HOEPA tolerance levels, which will support the modification department’s efforts. If we believe it to be in your best interest, we may suggest this service. It may also be used to support an attorney in their legal defenses of your foreclosure, if needed. 3. PERMANENT LOAN MODIFICATION / RESTRUCTURE Not everyone qualifies for a loan modification, so we make sure you DO before we accept you as a client. Once approved through one of the modification programs, we negotiate directly with the holder of your note or their representatives and bypass the customer service reps to get your loan in good standing again. A modified note usually includes a reduction or fixing of interest rates, arrearages dissipated, forgiven or reduced significantly, terms extended or principal reduced. This can apply to both first and second mortgages. There are many options available to us to get a restructure approved. This is the best option for the Home Owner, the Lender and the economy. 4. TEMPORARY FOREBARENCE Sometimes a lender refuses to negotiate a permanent loan modification for various reasons, until the Home Owner has made 1 to 3 good faith payments. This also may come in the form of reduced interest rates for a shorter period of time, arrearages dissipated, forgiven or reduced significantly and an opportunity for a fresh start. There are many options available to us to get a forbearance agreement approved. SOMETIMES IT ISNT POSSIBLE TO MODIFY THE TERMS OF YOUR MORTGAGE….AND OTHER STEPS MAY BE TAKEN AVOID FORECLOSURE. FORECLOSURE EXIT STRATEGIES 5. SHORT SALE We may be able to negotiate a Short Sale on your behalf with your lender(s). In this instance the lender may take less than what you owe on the loan to avoid a lengthy and costly foreclosure process. 6. DEED-IN-LIEU OF FORECLOSURE We can arrange for you to simply give the home back to the lender and walk away with a clean slate. This is many times referred to the Cash for Keys program. 7. EXIT AND RECOVERY STRATEGIES You may elect to file Bankruptcy as a last resort. This may only save your home temporarily. If you miss one payment during this process the lender will put you right back into foreclosure. (THIS IS USUALLY THE LAST OPTION) In this case, you must just plan on what to do next… it may be better to rent, foregoing the stress of fighting an unwinnable battle. We can help you determine if this is your best option. About US: MainStreet Resolutions, Inc. is one of the pioneer companies in mortgage / note negotiations in regards to loss mitigation. We are a fully licensed mortgage brokerage business, which was formed in response to the desperate need for support and guidance on behalf of both Consumer and Lenders in the mortgage industry. We are seasoned professional intermediaries who represent the Consumer in mortgage related problems. Our staff is individually licensed and continuously educated in changes in Government policies, programs, law, specific lender guidelines and legal requirements. Our team consist of real estate professionals, mortgage brokers and bank underwriters who collectively bring decades of knowledge and working experience from the financial and mortgage industries. Our mortgage backgrounds, contacts and expertise into the inner workings of a mortgage loan, foreclosure law and government programs, helps us find lucrative solutions for homeowners struggling under unaffordable mortgages. Lenders appreciate us as their newly formed “modification departments” are overworked and inexperienced, creating inefficiency and backlog. Three separate areas are where we concentrate our efforts; Modification / Refinance; Credit Settlement; and Acquisitions. These areas are often intertwining and may be combined efforts. We examine the big picture with one goal in mind. Stop Foreclosure and get the Consumer a Fresh Start. What we do: Not all mortgages qualify for a loan modification, restructure or short sale. Only about 40% of the people who inquire of our services will qualify. Modification programs are as strict as a purchase loan. Many factors such as hardship, present value, original loan terms, previous pay histories and other extenuating circumstances all come into play when an investor is considering a loan modification. There are over 10,000 banks and only the Federal Banks, just 300, have accepted Government bail out funds and even they are holding those funds. The others holding the mortgage paper are private lenders who are able to do as they see fit with their portfolios. We do not waste anyone’s time taking on clients that we cannot help. This is why we evaluate each and every situation quite thoroughly before committing our time and efforts and giving a person false hope. Time is of the essence. We research and assess your unique situation, and if we can take your case we will give an absolute plan of action and fee for service. We expect 100% success. We want you to be just as comfortable and committed too. We take on a limited number of clients, as we pride ourselves in giving the personal attention they need and deserve. Once approved for our program, our mitigation team will act as the intermediary, in full representation of the Home Owner. HOW IT WORKS: We negotiate for as long as it takes on the Home Owners behalf. The process usually takes approximately 45 to 60 days up to 120 days. We attempt to get the Home Owner a fresh start all the way around and give back to the Lender a financially healthier and more secure borrower. We do this by using all available information about the borrower, the property and financing terms and placing the Home Owner in a more suitable, affordable loan program. We do this by forensic audit, negotiating better terms, dissipated arrearages, lower and fixed interest rates, extending terms, etc. Fees Every mortgage along with all that it is attached to is unique. That’s why we custom fit each modification, exit strategy or credit solution according to the Home Owners needs and ability and to the Lenders requirements. We are experts at looking at the entire package with a bird’s eye view and zero in to fix the problem. After you speak with one of our loan advisors and your case is fully evaluated and approved by our Loss Mitigation Department, our accounting office will determine a flat origination fee. This is a one-time mortgage brokerage fee, usually no greater than a mortgage payment. You will be provided with a list of our services and know exactly what you can expect. There are never any hidden or surprise fees. LOANS: We work within US government guidelines and programs and with approved FHA, Conventional Lenders and Servicers across the Country. Modification Loan Programs: For Modification, most all follow the guidelines within these Government suggested modification programs: HOPE FOR HOMEOWNERS FDIC - MOD IN A BOX FHFA STREAMLINE PROJECT LIFELINE Conventional Loan Programs FHA SECURE / FHA CONVENTIONAL INVESTOR FOREIGN NATIONAL HARD EQUITY Even people who have good credit and cash in the bank are finding it difficult to obtain financing. We assess the opportunity for refinance for every client however most do not qualify. Call Now! (Toll Free) 1.888.728.3020 xt 4
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- Last update: 2010-02-10
- Visits: 1236
