What can your company do to help me, now that I am behind in my mortgage or facing foreclosure?

MoneyToMove.net is an opportunity for  homeowners who are being evicted through foreclosure to move on with their lives leaving the stress of the foreclosure process to someone else.  It is simply investors giving you money in return for the keys and the home turned over to them in good condition. This program helps the homeowner by giving them a little extra cash to move and the mortgage company by receiving the home in better condition and a willing buyer.  This process helps minimize vandalism and destruction during an eviction.

 Generally, the amount offered is a set amount that is higher if the homeowner moves quickly with the home left in broom clean condition and is reduced if the move takes longer or needs repairs. Regardless, the homeowner will be required to be out of the home by a certain date.

How can you help?

We acquire your property directly from you, subject to the underlying mortgages. We bypass the short transfer of the mortgage process and bargain for the mortgage notes directly from the bank. We use pre-litigation steps to gain leverage with the bank (demanding they produce the original note, forensic audits for TILA, RESPA violations, etc). We deal directly with the bank’s legal department, bypassing loss mitigation completely.

What is the difference between what your company does and attempting to do a short sale with a realtor?

A short sale of the mortgage through a realtor proceeds thru the loss mitigation division of the mortgage department at the bank or servicer. You have absolutely NO leverage in a short sale, nor does your Realtor no matter what the sales pitch. The bank sets the price, and terms of the short sale. They are usually unresponsive and inflexible. They care only about the bottom line and their agenda. You or your realtor will waste hours on the phone, deal with countless frustrations and (in most cases) ultimately the short sale will fail and result in a foreclosure with all the trappings that go along with it.

 We deal only with the bank’s legal department.  Our legal counsel and his process gives us the leverage that you do not have. Upon first contact, we put our legal counsel to work to deal directly with your bank or servicer to maximize the best end results for all parties.

When you assume the responsibility of my mortgage from my bank, won’t I just owe you the money instead of the bank?

Part of settling the mortgage is we will seek a deficiency waiver from the bank if necessary to prevent such a claim against you or anyone involved in the transaction. If the mortgage is settled and we assume the mortgage responsibility or otherwise settle the mortgage we will never pursue you, the owner, for a deficiency.

What effect will transferring my mortgage responsibilities to you have on my credit?

You will more than likely have mortgage lates on your credit as a result of being behind; however we help you avoid the most devastating and long lasting of credit hits, such as getting a deficiency judgment or foreclosure.

Why is your program better than a mortgage shortsale?

Short sales have a DISMAL success rate. Nationally, less than 20% are ultimately successful, which means 4 out of 5 short sales end up as foreclosures in the end. In addition, you may be sued for a deficiency judgment and/or receive a 1099C and be liable for a HUGE IRS tax bill. Our legal team will approach the bank from a legal standpoint, which provides us tremendous leverage in negotiating a settlement.

My property is rented and I have tenants that pay rent. Can they stay or do they have to leave?

Yes. Tenants tend to keep the property preserved and protected from vandalism, and we will work with the tenants and/or property management to keep them in the property and honor their lease, however funds will revert to us once the transfer has been made.

Do you work in all 50 states?

We do have some limitations on the types of properties we accept, and in what states.

Your company claims to be able to complete the transaction to take over the responsibility of my property in less than 2 weeks. That sounds too good to be true. How is that done?

The property is assigned to an investor "subject to" the existing mortgages. That means title transfers to the investor subject to all liens and mortgages. Because we are not bringing in a new mortgage, the transfer process is very simple and straightforward. Our legal counsel makes the assignment process as easy as possible for you and for us with a few simple forms that must be signed, notarized and he will then file them with the appropriate Clerk of The Court to ensure legal requirements are met.

I am severely underwater on my mortgage and have not paid my taxes. Does it matter how much I owe on the home or what type of loan it is?

When we buy “subject to” your existing mortgage; therefore price is irrelevant. Upon completion of the transfer of the mortgage, our legal counsel negotiates a settlement with the bank on the amount owed on the note (amount of your mortgage). We work with entry level homes to expensive executive homes. The amount of the mortgage or the value of the home is not of importance. The desire to move forward with your life and relinquish the stress of the foreclosure process is what is important to us. We may, in some cases, provide you with relocation funds.

My property needs a lot of work (damaged by tenants, lack of regular maintenance, etc,) Do you acquire properties that need work?

On occasion, we buy fixers or rehab properties on a case by case basis.

I have a tenant in my property that needs to be evicted. Can you evict them?

Yes, but your relocation funds will be less due to the costs of eviction.

Are you law firm?

No. We are an independent property acquisition firm, specializing in defaulted properties. We work closely with real estate attorneys to ensure we do the best job for you and remain 100% compliant with State and Federal Laws.

If I transfer my property to your company, will that stop negative credit reporting?

We want to be sure you understand that the transfer of the mortgage responsibility on the property to our company cannot control any negative credit reporting. Future negative credit reporting may continue based on what the lender chooses to report to the credit bureaus. Credit restoration takes time. Even in the best of times credit bureau reports are not always accurate.

Are you a real company or just online?

We are a real company. We have brick and mortar offices located at 2706 Alt 19 N. Palm Harbor, Florida.

I have an IRS lien on my home and one from a lawsuit. Can I still transfer the property to your company?

Liens are negotiated with the banks and lien holders as part of the settlement process. If it is a federal lien or IRS lien, that can be reviewed on a case by case basis.

 We acquire over leveraged real estate only.

 We do not provide "mortgage or real estate acquisition services" of any kind. We do not provide credit restoration, foreclosure consultation services, foreclosure information services, strategic default assistance, legal advice or loan modification assistance.

 We are not affiliated with, nor do we endorse any other companies who provide said "services".