Deed in Lieu of Foreclosure

Expert Witness Program

As you know, on 10/11/09 California passed a very restrictive modification law called SB94. California brokers and all out of state brokers are now prevented from handling modifications directly with homeowners and in particular cannot accept upfront payment for future services. Our attorney believes this law will not allow anyone to just help a homeowner with the modification paper work and collect a fee for that service even if the fee is paid after completion of the work. SB94 does not apply to attorneys that are suing lenders nor to you when you become an expert witness. Your involvement in this program doesn’t fall under DRE oversight. We work with a major California law firm that will sue a lender on behalf of a troubled California property owner facing foreclosure, if there is just cause. The standard fee is only $2795.00 plus $500.00 a month until the case is resolved. Your opportunity is to find troubled homeowners with an NOD filed and then do a review of their financial information so we do not burden the attorneys with an impossible mission and if the file makes financial sense then it is time for you to make sure the borrower calls the attorney. Once the homeowner calls the attorney your job is done! Note, the homeowner must make the first call to the attorney as attorneys can not initiate contact with a potential client. In many cases you might actually dial the attorney’s number and hand the phone to the potential client. If an attorney is not available; have the client leave a message for the attorney stating the best number and time to be reached. An Attorney will interview the homeowner and will request financial information, copies of the complete loan file and the history of contact between the borrower and their lender. We will be retained by the law firm to do a detailed financial review of the homeowner's ability to pay and their lender's current underwriting requirements for both the government HAMP program and the more traditional modification; non government programs that are often better options. If the Attorney is retained by that homeowner, you will be paid $1000.00 in approximately 14 to 21 days by our corporation for your important analytical review of the homeowner's current financial condition.
Free training conference calls every Thursday at 1:00 CA time Phone number 1-512-807-1013 Access Code 434665# In order to be paid you must become an expert witness.
You will need to register with our expert witness registration program. This is very simple and inexpensive. We will need your complete resume and the yearly registration fee is only $150.00. Trust is the key to any relationship. Jim Richman. Jim is a former HUD Commissioner for the Department of Housing and Urban Development (HUD) and former senior commercial loan officer with Coast Savings & Loan and Pacific Thrift & Loan. Mr. Richman is a published author of foreclosure articles for Scotsman Guide, Mortgage Originator, and Banker/Broker, collectively the three leading financial magazines in the lending industry, read monthly by 225,000 mortgage brokers nationwide. He is an often-quoted leading expert on financial debt solutions. Mr. Richman works with all new brokers and attorneys interested in referring clients to our company. His insights into the business of loan modification are unique in the industry. He provides empowering knowledge to brokers seriously interested in pursing loan modification services as an addiction to traditional brokerage services. Honorable J. Ding. Consulting International Attorney and retired Judge. Ms. Ding is a Director of this company and provides oversight on all corporate operations. And a staff of 10 commercial and residential underwriters We have been in the commercial and residential modification processing and underwriting for 10 years COMMERCIAL MODIFICATION PROGRAM This is the wave of the future. For complete information please go to our web site. Note commercial properties are not included in SB94 Any questions: Jim Richman (877) 502 7283 x 202 Jim@homeretentionprograms.com Mailing address: Home Retention and Financial Programs Corp. Attn: Expert Witness Register 1125 E. Broadway #134 Glendale, CA 91205