FREE Public Seminar
Date and Time: Saturday, November 13, 2010 from 2pm to 5:00pm
Location: Hilton Garden Inn @ Antelope Valley Mall
Can, or Should I Keep My Home?
This is a very unique event to the public. Moderated by Chris Sorensen the founder of H.E.L.P (Homeowner Education Learning Program, a non-Profit organization), which is dedicated to educating homeowners on their options. Chris is coming to the Antelope Valley to help our community. This will be a great event, and a MUST attend if you are facing difficulties of home ownership.
Please forward to anyone you know who may benefit from this event to help spread the word. There are many homeowners who are faced with difficult situations during this time.
GET YOUR LOAN MODIFIED.
Loan Modification vs. Short Sale vs. Foreclosure
This is your chance to know what OPTION is best for you!
Seminar Schedule: 90 minutes long with 30 minutes for Q&A
Introduction: 15-20 min.
-What happened? In brief, how did we get here?
-Prediction of the market in general.
-Time frames for foreclosure process / why the banks donâ€™t foreclose? / Should I stay if Iâ€™m not making my payments?
-Try To Modify, If To No Avail, Short Sale! Never Walk Away.
-Credit damage and when will I be able to buy again? Take action early!
-Modify? Short Sale? Foreclose? Understanding why each situation is unique. One size does not fit all.
-Why is it better to cooperate with a Short Sale than to just let the bank foreclose?
Statistical Data: 15 min.
-Power Point presentation providing current data to help clarify what is happening in the region by the numbers.
Modifications: 20 min.
-Whatâ€™s legal and whatâ€™s not.
-Whoâ€™s legally set up with The Department of Real Estate.
-What you must know to avoid being a victim.
-Why are we hearing stories of great success when Iâ€™ve been waiting for months?
-What is the Bank's motivation?
Taxes: 20 min.
-What is Prop-8?
-I paid $300k but Iâ€™m paying taxes based on $450k, why?
-What if I canâ€™t pay my property taxes?
-What are the potential tax consequences under a short sale, foreclosure, forbearance, modification, etc.
-What is the difference between what the Franchise Tax Board is doing and the IRS?
-What exactly is debt relief? Does the lender have to give me a 1099 for said relief?
-Can I file bankruptcy against these future taxes?
Q&A: 20-30 min.