Hi everybody. We made significant progress in contacting people who are in a similar position with the EA as we are. Also, we spoke with people in a city where she has one of her offices. We are doing fact finding and we have gathered a lot of data. We are prepared to:
1 – Make a final demand for proof, results, and or a refund for all DDP participants
2 – Start Federal litigation against the EA
This is a very sensitive situation because the saga has some complicated twists and turns that involve multiple people in multiple states who have either lied to us and or been part of the problem.
As soon as we are able to divulge more details to you we will do so. Our legal counsel has advised us to keep you apprised of the situation without getting you directly involved in the legal process yet.
Meanwhile, we continue to improve our menu of debt reduction/dismissal products. Our most exciting one now is the Loan Document Audit (LDA). 83% of mortgages funded in the 2000’s have federal violations. Based on those violations (NOT proof of income) we are able to stop foreclosures, we are able to get people principal balance reductions and we are able to get payment and interest rate reductions for people. We have some proof and we are asking our source to provide a summary so we can accurately display the details for you. We can tell you that the proof shows an example of a homeowner who received a principal reduction of close to 65% of the original balance.
The other program that we are very enthusiastic about is the Business Credit System (BCS). This program is based on people getting true business credit that is all NON-personally guaranteed. Most business credit consultants give you the applications to get the standard personal credit cards with the business name on it. Our partner in many cases is able to get people a seasoned corporation and up to $150,000 in credit (to be used for anything including business expansion, business start up costs, inventory, payroll, etc.). The first phase is can be achieved in between 60 -120 days. Also, he has developed a unique method of “cloning” whereby he may be able to get your corporation double, triple or even more credit by following a proven system that is a separate phase of the BCS. Past business owners have been able to get in upwards of $300,000 - $500,000 in their first six months of following the BCS. Cloning has enabled people to reach millions in available credit. One of the best parts of the BCS is the fact that our partner and his staff do all of the work, meaning you will never have to complete an application and or speak with an underwriter. The BCS is great for people who already own a business, it is great for people who do not own a business but wish to purchase one and it works for people who just want available capital with no restrictions on the use of the funds.
Another successful business that we have seen many positive results from (including people in the group) is our (partner’s) short sale process. He is able to delay (for several months) foreclosure auctions and trustee’s sales if necessary. Also, he can effectively earn people cash for referrals of homeowners who have given up and are walking away from their homes. He has 15+ years of experience in the industry. He is not a realtor and he is not a mortgage broker or a lawyer. He has unique connections inside most banks and his experience enables him to produce successful results where most other people in the industry fail because they are in the slow line with everyone else at the bank.
Finally, and perhaps our most exciting prospect for changing people’s lives, is the E-B home loan. This group is allowing people to qualify for (purchase or refinance) home loans with no credit scoring, no asset verification and no equity requirements. Their mission is to put the people with the most financial trouble at the top of their priority list and keep them in their homes. The total cost to the consumer to close on the home loan is $2,000. The best part of the E-B home loan is that the rate is 2.875% interest only and the pay back period to become debt free is projected to be approximately 15 years with no balloon payment at the end of the term. This is being offered through a private organization that was founded by a philanthropist.
An example of a typical scenario is a family with a current mortgage amount of $400,000 and a current appraised value of $250,000. E-B home loans will pay off the current lender with cash and the homeowner will now only owe $250,000 with a substantially reduced and fixed rate and a substantially reduced and fixed payment.
Please contact us for more details on the LDA, BCS, the short sale option and or the E-B home loan. Thanks for your patience while we try to bring the DDP to a successful resolution.
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