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Get Paid to Create
partnerships that save homes. |
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Become: a
Equity Share
Specialist |
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The Need:
Lenders are poised to take
back more homes |
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this
year than any other since
the U.S. housing meltdown |
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began in
2006. About 5 million borrowers are
at least two months behind |
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on their
mortgages and more will miss
payments as they struggle with job
losses |
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and
loans worth more than their home's
value. Industry analysts RealtyTrac,
Inc., |
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predicts
1.2 million homes will be
repossessed this year by lenders. |
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This
trend has also given rise to the
growth of Equity Share partnerships
as the |
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weapon
of choice of home owners fighting
foreclosure and a demand for the |
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"Equity
Share Specialist" |
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The ESS
brings the parties (the home owner,
the investor, the bank) together |
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in an
agreement where the homeowner shares
the home equity with the investor,
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who
cures the loan default and the
lender that writes-down the loan. |
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The ESS
prepares documents according to
state and federal law, that reflect
the |
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full letter of the agreement and in
turn are placed in escrow. The
Investor pays ESS. |
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The
Market:
There
are more than a million homes in
foreclosure. In this industry |
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paralegals, escrow agents and
realtors can create jobs and new
business. |
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The
Future:
The
exports forecast that Millions of
homeowners will need help for |
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for
many, many years. Moreover Equity
sharing will become a popular path
to |
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homeownership for many 1st time and
sub-prime buyers. |
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The
Jump-Start:
Follow the Step by
Step |
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