FAQ's

All these questions are answered in the DVD Program!

1. Is there any difference between the Deed in Reduction™ and the Deed in Lieu of Foreclosure?
   
   Yes, there is a significant difference. In a Deed in Lieu of Foreclosure the Borrower ASKS the Lender to accept a deed with a complete release of the Borrower.  In a Deed in Reduction, the Borrower tenders an UNCONDITIONAL DEED to the Lender, conveying fee simple title to the property with appropriate non-merger language in the Deed. This allows the Borrower to assert  that the Lender has received an unconditional deed, and the property value would be measured at the time the Deed was tendered, to determine if a deficiency exists. The Deed in Reduction program is also different from a simple "Walk Away" from the property approach and is explained on the DVD.

2. How do I know if I qualify for the Deed in Reduction™ or Modification In Lieu™ programs?
   
   If you are facing a potential foreclosure action or if your financial situation is such that you need to modify your existing mortgage, you qualify for these programs.
   
   Below are examples of additional questions answered on the DVD.

3. What is the foreclosure process and how does a Lender or Bank obtain a foreclosure judgment?

4. Will I suffer any adverse credit rating by utilizing the Deed in Reduction™ program?

5. What is the difference between the Deed Reduction™ procedure and simply trying to sell the property for a reduced purchase price?

6. What happens if the Lender refuses and ultimately forecloses?

7. What happens if I have Judgments or Mortgages placed against the property after I purchased it?

8. What are the prospects for holding a single family home or condominium unit and for such property to go up in value?

9. Once I elect to Deed in Reduction™ or elimination of deficiency, am I assured that there will be no further claims against me?

10. Do I need to make monthly payments?

11. Is there an alternative to the Deed in Reduction™ procedure and format?

12. Can I be assured that a Lender will accept either the Deed In Reduction™, Mortgage Modification or Deed in Lieu of foreclosure?