| Genesis Property Solutions, LLC "Creating New Beginnings for Homeowners" Let GPS guide you to a fresh start in life, too! |
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| Copyright Genesis Property Solutions, LLC. All rights reserved. We specifically disclaim any errors, omissions, or any other inconsistency herein. We specifically disclaim any liability, risk or loss, personal or otherwise as incurred as a direct or indirect result of your reliance on this information. All GPS Fees are subject to change without notice, however any change will not affect deals currently in progress. |
| NEXT STEPS |
| EMAIL GPS gps@genesispropertysolutions. ORG |
| FAX GPS 813-200-3324 |
| Call GPS 888-GPS-LLC7 |
| CONTACT US TODAY: PHONE: 1-888-GPS-LLC7 (888-477-5527) FAX: 1-813-200-3324 EMAIL: GPS@GenesisPropertySolutions.ORG |
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| Fearing Foreclosure? STOP FORECLOSURE & GET RID OF YOUR HOME with a DEED-In-Lieu! |
Can GPS help you with this option?
YES! GPS can assist you in working out a DIL on your behalf. Our Professional Fee to negotiate this option is a
flat fee equal to ONE MONTH's Mortgage Payment. (FULL DISCLOSURE: You may be able to work out a DIL on your
own if you have the time and ability to negotiate with the banks directly).
SPECIAL NOTE ON DIL: remember, the primary lender will usually not grant a DIL if you have a second
mortgage. If this is the case, GPS may be able to help you arrange to buy out the second mortgage for a
reduced amount vs the current principal. You would need to have a source to provide the reduced payoff amount
(Reduction Goal is 10 cents on the dollar vs principal). If you need this assistance as well, GPS can provide the Note Buyout
Negotiation Service. Our Professional Fee to negotiate this option is a flat fee equal to ONE MONTH's Mortgage Payment. (FULL
DISCLOSURE: You may be able to work out a note buyout on your own if you have the time and ability to negotiate with the
banks directly).
If you would like to inquire further about how to eliminate your property with this option, please click here to apply. THERE IS
NO CHARGE to submit your form for GPS review.
If GPS agrees to accept your case, then you have multiple payment options: you can either pay GPS directly by on our site, or
you can make a check out to "Genesis Property Solutions, LLC" and arrange for mailing by calling 888-GPS-LLC7, or you can
even have your money placed in escrow with Elite Title of Tampa, FL (contact Lynn or Michelle at 813-948-6617) -- where it will
be held by a third-party company until such time as GPS is able to secure Approval for your requested workout option.
Remember, in all cases, you will receive a Receipt for Payment.
In addition, don't forget that for DIL’s, GPS offers a Money Back Guarantee!.
Need a Payment Plan? GPS can help – click here.
YES! GPS can assist you in working out a DIL on your behalf. Our Professional Fee to negotiate this option is a
flat fee equal to ONE MONTH's Mortgage Payment. (FULL DISCLOSURE: You may be able to work out a DIL on your
own if you have the time and ability to negotiate with the banks directly).
SPECIAL NOTE ON DIL: remember, the primary lender will usually not grant a DIL if you have a second
mortgage. If this is the case, GPS may be able to help you arrange to buy out the second mortgage for a
reduced amount vs the current principal. You would need to have a source to provide the reduced payoff amount
(Reduction Goal is 10 cents on the dollar vs principal). If you need this assistance as well, GPS can provide the Note Buyout
Negotiation Service. Our Professional Fee to negotiate this option is a flat fee equal to ONE MONTH's Mortgage Payment. (FULL
DISCLOSURE: You may be able to work out a note buyout on your own if you have the time and ability to negotiate with the
banks directly).
If you would like to inquire further about how to eliminate your property with this option, please click here to apply. THERE IS
NO CHARGE to submit your form for GPS review.
If GPS agrees to accept your case, then you have multiple payment options: you can either pay GPS directly by on our site, or
you can make a check out to "Genesis Property Solutions, LLC" and arrange for mailing by calling 888-GPS-LLC7, or you can
even have your money placed in escrow with Elite Title of Tampa, FL (contact Lynn or Michelle at 813-948-6617) -- where it will
be held by a third-party company until such time as GPS is able to secure Approval for your requested workout option.
Remember, in all cases, you will receive a Receipt for Payment.
In addition, don't forget that for DIL’s, GPS offers a Money Back Guarantee!.
Need a Payment Plan? GPS can help – click here.
DEED-IN-LIEU
A Deed-in-Lieu of foreclosure is a voluntary conveyance of title to the lender. In other words, you are giving your home back
to the bank. Generally this is a last ditch effort to avoid the foreclosure.
In return for the voluntary conveyance to the lender, you are often, but not always, released of any personal responsibility for
the mortgage. In order to qualify for a DIL, most lenders state that there must NOT be a second mortgage or liens on the
property. In addition, you must be in default and don't qualify for any of the other options, and your attempts at selling the
house before foreclosure were unsuccessful; and you don't have another FHA mortgage in default.
Properties with equity should consider selling the property before voluntarily conveying the home to the lender. A DIL on a VA
loan can possibly affect your ability to get another VA loan and other VA benefits. Contact the VA for more info.
Remember, this option WILL negatively affect your credit, however, If your bank accepts DIL, it is usually better on your credit
than foreclosure. And if possible, be sure that the bank agrees to give you a “FULL Satisfaction of Mortgage” IN
WRITING for your deed – otherwise, if they sell your house for less than the amount you owe – the bank may still send you
a Deficiency Judgment later! To learn more about a "Release vs Satisfaction" click here.
That said, if you can’t sell your home (even with a short sale) and the bank will agree to Release your mortgage, then a DIL
may well be an effective option for you to avoid foreclosure. As always, you should consult an attorney if you have legal
questions and/or an accountant if you have financial concerns.
A Deed-in-Lieu of foreclosure is a voluntary conveyance of title to the lender. In other words, you are giving your home back
to the bank. Generally this is a last ditch effort to avoid the foreclosure.
In return for the voluntary conveyance to the lender, you are often, but not always, released of any personal responsibility for
the mortgage. In order to qualify for a DIL, most lenders state that there must NOT be a second mortgage or liens on the
property. In addition, you must be in default and don't qualify for any of the other options, and your attempts at selling the
house before foreclosure were unsuccessful; and you don't have another FHA mortgage in default.
Properties with equity should consider selling the property before voluntarily conveying the home to the lender. A DIL on a VA
loan can possibly affect your ability to get another VA loan and other VA benefits. Contact the VA for more info.
Remember, this option WILL negatively affect your credit, however, If your bank accepts DIL, it is usually better on your credit
than foreclosure. And if possible, be sure that the bank agrees to give you a “FULL Satisfaction of Mortgage” IN
WRITING for your deed – otherwise, if they sell your house for less than the amount you owe – the bank may still send you
a Deficiency Judgment later! To learn more about a "Release vs Satisfaction" click here.
That said, if you can’t sell your home (even with a short sale) and the bank will agree to Release your mortgage, then a DIL
may well be an effective option for you to avoid foreclosure. As always, you should consult an attorney if you have legal
questions and/or an accountant if you have financial concerns.
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