Which Option is Best for me as a Distressed Homeowner? Watch and See!

Do I keep paying the bank? Do I become a Landlord? Do I do a Loan Modification? Do I do a Short Sale or Modified Pay-off? Foreclosure or Foreclosure Mediation, is it an option or is it inevitable? Do I turn it back to the bank through a Deed-in-Lieu? I am sure the bank likes that choice, however, what does this do to me and my credit? Bankruptcy? Option or Strategy? You decide?!  As a Distressed Homeowner what Option do you I select that is best for my situation, that gives me the most control and what are the ramifications?! Watch our second video in our Neighborhood Home Rescue Series and decide for your self:

In this Video Series we have covered the Market Overview for Las Vegas and in this video you will learn Who and What is the Neighborhood Home Rescue and much, much more………..

  • Learn about the Neighborhood Home Rescue purpose and mission statement
  • It is a Network of Professionals
  • Works with Banks
  • Educates the Homeowner who is Distressed which are the best “Options” available
  • No Fee | No Advance Cost Programs first and foremost
  • Costs covered and not covered
  • Costs that might fall back on Homeowner:
    • HOA Fees
    • Transfer Fees
    • Compliance Fee
  • Options to Homeowners
    • Continue to pay Bank
    • Become a Landlord and Rent out property
    • Loan Modification (5 Year temporary fix and puts you upside down in most cases)
    • Short Sale – A Loan Modification with deficiency release @ current market value
      • Most Control
      • Position and Location
      • Costs known and a tax write-off
      • Debt relief | Deficiency Release | Quick Credit Recovery (10 – 24 Months)
      • Pros and Cons to Credit Ramifications
    • Deed in Lieu – Debt relief for only 2013, what about years after 2014+
    • Foreclosure and Foreclosure Mediation 30-120 day process
      • $200 Fee by Homeowner which stops or slows Foreclosure (Strategy)
      • Bank Options are to Modify | Short Sale | Deed-in-Lieu | FC or Start over
    • Bankruptcy – Chapter 7 or 13
    • Moving forward with Lending and Lending Options
    • Estate Planning and Asset Protection

Guest Speakers are joint contributors to the Neighborhood Home Rescue Program and offer free consultations through the Network. If you want to discuss your circumstances in more detail, receive a free consultation, or if you want to learn more regarding the Neighborhood Home Rescue contact our Hotline at 702-675-3000 or e-mail us at info@PlatinumElite.com, we look forward to Helping Distressed Homeowners!

Mission Statement:

Outreach Program for Distressed Homeowners

Designed to inform and help Homeowners understand how to work with No Cost Programs and No Advance Fee assistance resources available while obtaining information to make a more healthy decision for their family.

Legislative BDR Update to Nevada Foreclosure Mediation and Foreclosure Process as of March 18, 2013

In our Blog Article “Boomerang Foreclosures” written February 14th of this year, we reminded everyone to watch the Legislature and what revisions were being proposed or lobbied for by the banking or trustee representatives.  Please find attached links to BDR List and each proposed Bill for either Foreclosure or Foreclosure Mediation;

Be reminded the United Trustee Association (UTA) Lobbyist believes they have favorable representation in the Legislature and will be attempting to slip changes through without drawing attention to what effects homeowner or real estate market in general. Quote by Cheryl Blomstrom, Blomstrom Consulting in her December 2012 E-News Bulletin for the United Trustee Association for Nevada;  “Those of us looking for change did not get the result we wanted, however I remain optimistic…  I still think we can cobble together a coalition of democrats and republicans to get our work done.  UTA members reached out during the campaign process to key candidates and several were elected.  They come into the session with a working knowledge of our industry.

Timeo Danaos et dona ferentes | Beware of Greeks bearing Gifts

To discuss your circumstances or schedule a “Private Consultation” with a Team Member of Platinum Elite Group, contact us at Platinum Elite, info@PlatinumElite.com or call us 702-869-9999.