Linda Robinson

DRE License # 01504805

Solutions to Help Avoid Foreclosure

What is Loss Mitigation?

Loan Modification: process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower

Short sale: seller strikes a deal with their lender to

accept less than they owe on the property, in exchange for avoiding foreclosure.

Deed in Lieu: seller strikes a deal with their lender to

accept the property back, and thereby avoid foreclosure.

Do you want to Keep the House?

Is it a primary residence or investment?

Who is your lender? Who is your investor? Does your lender do loan mods on investment properties? Refinance option?

Your financial circumstances- can you afford repairs, vacancies, negative cash flow.

Do you want to Keep the House?

The property and area - are you upside down? Will it rebound? Vacancies?

Verifiable financial hardship?

Effects on credit and taxes.

Loan Modification

Best success on primary residence

Financial hardship

Financial worksheet

31% of Gross income

Loan Modification cont.

Sustainable loan to bank

Lender forms

Explanation of the process

Trial Mod/ Permanent Mod

Short Sale

Behind on mortgage payments

List property – get offer

Send in short sale package and HUD

Verifiable financial hardship

BPO – appraisal – value

Short Sale (cont.)

Negotiations with lender/ lenders - all liens

- HOA, contractors etc.

Counter offers

Approval – seller contribution? promissory

note?

Deed In Lieu

Property must be listed for 90 days with no

acceptable offer

Must have only one loan

Investor must be willing to accept DIL

Deed In Lieu (cont.)

Verifiable hardship

All financial forms and package

Follow-up weekly

Attorney package sent to you

Why Hire Me?

Years of experience and great track record

Manage entire process and keep it moving

Detail oriented- no surprises at closing

Understand what the lenders want

Keep you informed every step of the way

Why Hire Me?

Best possible outcome

I am service oriented, tenacious, honest and direct, empathetic and I love doing this. I will fight for you in a respectful way with your lender.

Payment due at closing. If you don’t agree to the terms, you don’t owe anything.

I Create Happy Clients Linda,

Thank you for your help the past few months. Trying to short-sell multiple properties in different states with numerous banks involved seemed like an overwhelming task. After hearing you speak I decided to try your services before just letting the properties go into foreclosure. You did an amazing job working with the banks, realtors, property managers, and county employees. You made the whole process easy on my end. After my initial consultation with you, and e-mailing you the necessary documents up front - the whole process seemed effortless (at least for me). I simply had to sign the closing docs, and a large weight was lifted from my mind. The valuable service you provided is greatly appreciated and thanks to you I can sleep easier at night.

Wes H.

I Create Happy Clients Hi Linda, Just wanted to thank you and your husband Alex for the expertise that was provided in the handling of our Arizona short sale. The transaction was completed within 2-3 months time, and took a burden of debt off our shoulders. I highly recommend the use of Linda and Alex Robinson's professional experience in short sales! Steve G. and Mary O.

Questions?

Linda Robinson (619) 222-2543 alynnent@cox.net

Marshall Reddick Real Estate and Linda Robinson are here to help you in

any way possible!