Answers to Frequently Asked Questions (FAQ)

Q: What exactly can the Mortgage Relief Program* do for me?
A: Stop your lender from calling you to collect the debt. Stop your lender from talking to others (your neighbors and coworkers) in reference to the debt. Prevent your lender from collecting any deficiency or loss as a result of your walking away from the debt. Enable you to remain in your home, payment free, for up to eight months or more (we will tell you the exact number of days). Potentially have foreclosure removed from your credit records. Potentially receive up to $5,000 in moving expenses. Protect yourself with legal advice. Enjoy peace of mind with a powerful pro-consumer guarantee, protecting your best interests. Begin immediately on a stress-free path to rebuilding your financial future and saving years in the process.
 
Q: Wouldn't I be able to Walk Away, without help from you or anyone else?
A: Yes, of course. You also have the right to make your own will, form your own corporation and serve as your own attorney in court. The question is, will you really be "saving" money in the long run or will it be a "false economy"? Can you really expect to do justice to yourself, without the benefit of expert assistance from professionals specializing in this area? If you save a few hundred dollars in fees up front but ultimately suffer much greater losses, in multiple respects, would that really represent a bottom-line savings for you? These are questions that you deserve to consider.
 
Q: Are you guaranteeing that all negative information on my credit reports will be immediately removed, that I will be given $5,000 in cash to move and that I will be able to remain in my home for eight months or more rent-free?
A: No. There are qualifications to all of these items, qualifications that are explained in detail in the Mortgage Relief Program agreement. What we guarantee unconditionally if you qualify for the program and faithfully follow instructions is that your lender will not be able to collect any deficiency or loss from you as a result of your walking away from the debt. In this way, you can get a "fresh start," without bankruptcy, and reap the many rewards of a much swifter recovery than would likely be the case if you got bogged down or tripped up in your execution of the Walk Away strategy.
 
Q: What is the dollar amount of the investment in your Mortgage Relief Program?
A: The investment in your financial future and peace of mind is only $995, if you remit payment in one lump sum. (We reserve the right in the future to raise the fee without prior notice. If you enroll now, you will lock in today's rate.)
 
Q: Do you have an installment payment plan?
A: Yes, you may also make five easy monthly payments of $249. The single-payment option represents a savings of approximately $250 over the installment plan.
 
Q: What forms of payment do you accept?
A: Most major credit cards (VISA, MasterCard, American Express), bank cashier's checks and postal money orders.
 
Q: What is the nature of your pro-consumer guarantee?
A: We guarantee to perform all services described in the Mortgage Relief Program agreement or your money will be promptly refunded.
 
Q: How do we know we can trust you?
A: There are at least three easy ways. First, search the Internet for any negative information or bad reports about us (on RipOffReport.com, for example). You will not find any. Second, check with the California State Bar Association with regard to the record of our chief legal counsel, Nicolai Nielsen. You will find the record to be clean. Third, through your credit card company, you would be able to dispute and reverse the charges if money was taken without performing the promised services. Ask your bank or credit card company. The customer service representatives there should confirm for you this standard policy. (If your credit card company is not offering you this option, we suggest you change credit card companies!)
 
Q: What is the first step in getting started?
A: Answer the ten questions asked near the bottom of the home page and submit your answers to us. Though not everyone is qualified for the program, most people turn out to be. You will never know unless you submit your answers to us.
 
Q: Is there a cost involved for submitting my info to you?
A: No, there is no cost or obligation whatsoever.
 
Q: Do you pull my credit reports and create an inquiry, in the process of reviewing my information?
A: No. Under the terms of the Fair Credit Reporting Act, it would not be legal for us under these circumstances to obtain your credit reports without your explicit permission. We do not have enough information (e.g., your Social Security Number) to do that, even if we wanted to.
 
Q: Why is it critical that I act promptly?
A: By delaying, you may wait until you no longer qualify for the program, which could ultimately result in substantial loss of benefits on your part.
 
Q: What does it mean to be "upside-down" in one's home?
A: This refers to a situation in which the amount owing (the amount of the loan or the amount of the loan plus the costs of sale) exceeds a property's current market value. In other words, you owe more money on the property than it's worth. It is also described as being "under water."
 
Q: Why has the Mortgage Relief Program been described in the media as a Zen-like solution to the problems faced by borrowers upside-down in their homes?
A: Mostly, we think, because it is a simple solution that offers lasting peace of mind.
 
Q: Will I have to file for bankruptcy, as part of the Walk Away process?
A: No. In fact, the solution is conceived of as a way to help you avoid bankruptcy.
 
Q: How can it do that?
A: By allowing you to pay all or most of your obligations, beyond the payments relating to your home loan. By allowing you to potentially accumulate some cash reserves. By enabling you to live within your means, making payments on much lower rent that you can afford, rather than much higher mortgage payments that you cannot.
 
Q: Will I be obligated to make additional payments of any kind to the lender?
A: If you qualify for the program and follow instructions, no, you will not be obligated to make any additional payments to the lender.
 
Q: How long will it be until I can buy a house again?
A. Under some government programs, the waiting period could be as short as two years. Otherwise, it may require 3-4 years, depending on how faithfully you follow our instructions. Without a smooth exit strategy, possibly forcing you into bankruptcy, the waiting period could be doubled or tripled.
 
Q: What about other forms of credit?
A: You will find new offers of credit coming your way within months or even weeks of Walking Away.
 
Q: Will I have to give up my credit cards, surrender other loans or anything like that?
A: No. If you seek assistance promptly, through the Mortgage Relief Program, you should be able to avoid the problems that would result form cancellation of other forms of credit.
 
Q: Are you telling me that Walking Away is the "right thing" to do? Are you advising me to renege (break my promise) to the lender? Are you encouraging irresponsibility?
A: Not at all. We are providing a service to those who have reached the conclusion that, although their obligation to their lender is important, their obligation to feed their family, pay for health care and make their car payments so they can continue to get to work is even more important. This is a personal decision that we leave to you.

Q: Is this really legal?
A: It is absolutely legal and as part of the Mortgage Relief Program package, you will receive copies of the relevant laws proving that this is so.
 
Q: Do you think the country will be better off or worse off as a result of people Walking Away?
A: In our opinion, the sooner the "mortgage meltdown" is sorted out and put to bed, the sooner it will pass into history, as a bad memory, helping the economy to move forward.
 
Q: Do you buy my property from me, as part of the process?
A. No, we do not. We are not functioning in this capacity as a real estate brokerage or private real estate investor. If you wish to sell your house, we would be happy to give you referrals to licensed real estate brokerages. Our clients do not have sufficient equity to sell their properties. If you are able to sell your house, as a way of resolving your loan against the property, we do not recommend the Mortgage Relief Program as a solution for you. Just be aware that "short sales" are high problematic and often do not work out.
 
Q: What is a "short sale"?
A: A short sale is one in which the lender discounts the loan against the property, recovering only a portion of the money against which the property was collateralized.
 
Q: Can your program be applied to investment properties?
A: Yes, the program can work for investment properties and second homes, as well.
 
Q: Is there any kind of discount if I wish to utilize your program for more than one property?
A: Yes. You will receive a full 50 percent off the fee for the second property.
 
Q: Are you going to ask me to deed over to you anything, as part of the Program?
A: No. Beware of rescue scams in which you are asked to surrender title of your house to the entity that is supposedly rescuing you. We do not ask you to do any such thing.
 
Q: May I speak with someone by phone, about questions I have?
A: Yes. Follow the instructions on the home page to provide us with your answers to the ten basic questions, including your phone number and the best time or times to reach you. A representative will be in touch with you.

*Terms and conditions apply. Please refer to written agreement for exact details. Subject to change or cancellation without prior notice.

A Tale of Two Families

Meet the Smiths & the Joneses
The Smith Family and the Jones Family were both "upside down" in their homes (owing more than the current market value of the properties). Both families were having trouble making the ever increasing monthly payments on their adjustable mortgages. The Smith Family was committed to "making good" on their loan. They were convinced the lender would eventually cooperate with a "short sale." Or maybe the economy would turn around or the government would come up with a program for them in time to save their home. But it didn't happen. Hanging on until the bitter end, the Smiths were eventually forced into bankruptcy, at which time they pretty much lost everything. It might take them a decade or more before they finally get back on their feet again. The Jones Family took a different approach. They saw the writing on the wall. They knew they weren't going to be able to continue to make increasing monthly payments. They knew their lender was more interested in stretching out the time during which they made payments on the full amount of the loan than cooperating with a short sale that would greatly discount the loan. They considered their financial obligation to the lender important but their obligation to pay for health care and make their car payments so they could continue to get to work was even more important. They decided to Walk Away. The money they were able to save from the eight months that they were not making mortgage payments or paying rent, combined with the other maneuvering that they were able to do as a result of unburdening themselves from what had become an oppressive mortgage, put them in a position to get back on their feet again in about three years. What's more, from the day they made the decision to Walk Away, they enjoyed the peace of mind that comes from a stress-free existence. The Smith Family and the Jones Family: Who was "right" and who was "wrong"?That may be hard to say but one certainly did come out on top.