The Property
  Preservation Forum
1899 Gingersnap Lane, Suite 11
Lincoln, California 95648

FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA) OFFICES ARE LOCATED IN ARKANSAS • ARIZONA • CALIFORNIA• COLORADO • CONNECTICUT • DELAWARE • FLORIDA • GEORGIA • HAWAII • IDAHO • ILLINOIS • INDIANA • IOWA • KANSAS • KENTUCKY • LOUISIANA • MAINE • MARYLAND • MASSACHUSETTS • MICHIGAN • MINNESOTA • MISSISSIPPI • MISSOURI • MONTANA • NEBRASKA • NEVADA • NEW HAMPSHIRE • NEW JERSEY • NEW MEXICO • NEW YORK • NORTH CAROLINA • NORTH DAKOTA • OHIO • OKLAHOMA • OREGON • PENNSYLVANIA • RHODE ISLAND • SOUTH CAROLINA • SOUTH DAKOTA • TENNESSEE • TEXAS • UTAH • VERMONT • VIRGINIA • WASHINGTON STATE • WEST VIRGINIA • WISCONSIN • WYOMING • THE PROVINCES OF CANADA

The Property Preservation Forum 

In Less Than 30 Minutes You Can Easily Prepare
A Workout Solution Request That Will Save Your Home

 
                               Executive Director
                               Bob Peterson

Bob Peterson has been part of the national consumer services community since 1975 and Director of the California Property Preservation Forum since 1988 where he has specialized in consumer advocate workshops and seminars dedicated to the application of fair business practices for the protection of property rights.  He has been a leader in consumer education with the California Association of Realtors, a continuing education sponsor for the Colorado, California, Florida, and Georgia Department of Real Estate and a consumer advocate project advisor for the Stanford University Graduate School of Business.

A Message From Bob  .  .  .  .  .

Over the years I have had the opportunity to personally counsel many homeowners in distress. The first question I am always asked is, "I have been talking to my bank, and I'm getting nowhere. Where do I start?"  For more than 30 years my answer has been the same.  If you attempt to resolve your delinquency problems with the first person you talk to at the bank you will be in serious trouble.  You must know who to speak with, and what to say.  For those who do not take this advice the consequences are likely to be devastating.  The "Guide To Delinquency Prevention And Foreclosure Workout" will guide you to the person they won't let you talk to.  But, most important, it will shepard you through the foreclosure bureaucracy with the correct plan of action.  If you are not talking with the right person you will waste many frustrating hours uselessly pleading your case as you get closer to the court house steps.  And, if this has not yet happened to you  .  .  .  it will.  One last piece of advice.  Never pay anyone to speak for you.  Good luck.

- Federal National Mortgage Association (Fannie Mae) offices are located in  LOS ANGELES CALIFORNIA • CHICAGO ILLINOIS • HOUSTON  TEXAS• PHILADELPHIA PENNSYLVANIA • PHOENIX ARIZONA • SAN ANTONIO TEXAS • SAN DIEGO CALIFORNIA • ORANGE COUNTY CALIFORNIA • DALLAS TEXAS • SAN JOSE  CALIFORNIA • DETROIT MICHIGAN• INDIANAPOLIS INDIANA • ROSEVILLE CALIFORNIA • OAKLAND CALIFORNIA • JACKSONVILLE FLORIDA • JACKSONVILLE MISSISSIPPI • SAN FRANCISCO CALIFORNIA • COLUMBUS OHIO • AUSTIN TEXAS• MEMPHIS TENNESSEE • BALTIMORE MARYLAND • RALEIGH NORTH CAROLINA • ATLANTA GEORGIA •  FORT WORTH TEXAS • CHARLOTTE NORTH CAROLINA • EL PASO TEXAS • PITTSBURGH  PENNSYLVANIA • MILWAUKEE WISCONSIN • SEATTLE WASHINGTON • BOSTON • MASSACHUSETTS • DENVER COLORADO • MODESTO CALIFORNIA • STOCKTON CALIFORNIA • FRESNO CALIFORNIA • ROCKLIN CALIFORNIA • LINCOLN CALIFORNIA • LOUISVILLE KENTUCKY• NASHVILLE TENNESSEE • VENTURA COUNTY CALIFORNIA • LAS VEGAS NEVADA • PORTLAND OREGON • OKLAHOMA CITY OKLAHOMA • TUCSON ARIZONA • OAKLAND CALIFORNIA • RIVERSIDE COUNTY CALIFORNIA • ALBUQUERQUE NEW MEXICO • FRESNO CALIFORNIA • SACRAMENTO CALIFORNIA • NEW ORLEANS LOUISIANA • KANSAS CITY KANSAS • TULSA OKLAHOMA • MIAMI FLORIDA• HONOLULU HAWAII • ARLINGTON TEXAS •

"The Guide To Delinquency Prevention And Foreclosure Workout"

A recent MSN Money news story commented on the foreclosure process by saying,"The borrower is often stymied by the lender's bureaucracy because they do not understand the state and federal laws which protect them", and further warned, "Most people are never talking with the right person, and they do not understand that foreclosure is a negotiating process.  The better you understand the workout rules, the better your chances of obtaining foreclosure relief."  Jack Pitmann of Sentinel Watch said this. "Even though the lender is guided by specific rules for loan mitigation your success is directly related to how you present and negotiate your case." Pitmann concluded by saying. "Use an attorney only if necessary, and never use a third party consultant."

  The Property Preservation Forum has provided real estate mortgage and foreclosure assistance since 1952.  The "Guide to Delinquency Prevention and Foreclosure Workout" was first published on the Internet in 1998.  While the Guide outlines the loan mitigation and foreclosure workout policies for all conventional loans originated in the United States, the reader will find that it also covers the mitigation policies of the Federal Housing Administration (FHA) and the Veterans Administration (VA).  

This "Guide to Delinquency Prevention and Foreclosure Workout" has been prepared in a manner following the Federal National Mortgage Association's policies and procedures, and includes the forms and checklist that places you in control of presenting and negotiating an approved workout solution.  Do not delay.  Failure to initiate an early response can result in more costly relief alternatives, and will ultimately accelerate the foreclosure process.  We wish to acknowledge the loan mitigation administrators representing some of the largest mortgage lenders in the country for their assistance.  

A PLAN OF ACTION      

"The Guide To Delinquency Prevention And Foreclosure Workout" has been drafted in accordance with the rules and regulations of the Federal National Mortgage Association's (FNMA,"Fannie Mae").  FNMA policies are recognized and implemented by virtually every mortgage lender in the United States, and has operated under Congressional
Charter since 1947.  The "The Guide To Delinquency Prevention And Foreclosure Workout" puts you inside the mortgage bureaucracy providing you with a decisive plan to resolve delinquency and foreclosure pursuant to Federal law and the rules which govern
loss mitigation (foreclosure) procedures in your state.

The "Guide To Delinquency Prevention And Foreclosure Workout" is not a general information publication, but a strategically prepared plan of action to stop the foreclosure process that may be easily and quickly implemented by anyone.  You will be informed of your rights under the law, the relief to which you are entitled and the means to act aggressively in defense of your property rights.  Do not delay.  Relief is available for up to two years in properly qualifying cases.  You will be advised of the rules and procedures by which the loan administrator will assist you in making a determination for your case, and you will be prepared with the critical steps in negotiating a workout plan.  The Guide also includes the phone number and locations of government agencies prepared to offer foreclosure assistance.  Most important, you will be told how to reach the person that will actually make the final decision in your case.  You can begin the process of avoiding foreclosure in less than 30 minutes by following the simple step-by-step plan outlined in this Guide.

Caution!

YOU COULD BE FACED WITH SERIOUS STATE AND FEDERAL TAX LIABILITIES IF YOU SELL YOUR HOME, OR AGREE TO AN IMPROPERLY PREPARED MODIFICATION AGREEMENT.  REAL ESTATE AGENTS, LOAN BROKERS AND LENDERS ARE NOT LIKELY TO DISCLOSE THE COMPELLING FINANCIAL CONSEQUENCES FOR SOME OF THE WORKOUT SOLUTIONS THEY PROPOSE.   PLEASE BE CAUTIOUS WHEN CONTACTING AN INTERNET FORECLOSURE OR CREDIT REPAIR COMPANY.  THESE SITES ARE FILLED WITH FALSE TESTIMONIALS AND BOLD PROMISES FOR SUCCESS. HOWEVER, DESPITE THEIR CLAIMS, THESE COMPANIES PROVIDE VERY LITTLE USEFUL BENEFIT BEYOND WHAT YOU CAN DO YOURSELF.  YOUR RESPONSE WILL OFTEN GENERATE HIGH PRESSURE SALES FOR FRIVOLOUS AND EXPENSIVE SERVICES, COSTLY MORTGAGE OFFERS AND INVESTORS SEEKING TO EXPLOIT THE MISFORTUNE OF OTHERS.

IT IS IMPERATIVE THAT YOU UNDERSTAND YOUR RIGHTS, OBLIGATIONS AND THE CONSEQUENCES OF ANY WORKOUT AGREEMENT. CONTRARY TO ANYTHING YOU HAVE BEEN TOLD, YOUR LENDER WANTS TO WORK DIRECTLY WITH YOU.  AVOID ANY COMPANY THAT DISCOURAGES YOU FROM TAKING THE INITIATIVE ON YOUR OWN BEHALF. THEREFORE, PLAN CAREFULLY BEFORE ELECTING TO USE THE SERVICES OF A FORECLOSURE WORKOUT CONSULTANT, REFINANCE, OR SELL YOUR HOME.

• Never pay for delinquency counseling or consulting services of any kind without references from a loan mitigation administrator, or a qualified attorney.

• Do not complete any on-line information forms.  

• Do not retain the services of an attorney, start bankruptcy, list your home for sale or apply for a new mortgage until you understand the correct procedures for determining your lawful and lender mandated options provided by this guide.  

• Do not reply to free offers of any kind, you will be asked for money.

FOLLOW THE SIMPLE DIRECTIONS IN THIS GUIDE TO STOP A TRUSTEE SALE, OR STOP A SHERIFF'S SALE, IMMEDIATELY, OR BEFORE IT BEGINS.  READ THIS PUBLICATION AND FOLLOW THE CAREFULLY PREPARED INSTRUCTIONS IF YOU HAVE RECEIVED A NOTICE OF DEFAULT PENDING A FORECLOSURE SALE OR YOU ARE ATTEMPTING TO STOP A SHERIFF'S SALE.   YOU CAN  QUICKLY STOP A FORECLOSURE SALE BY TAKING THE APPROPRIATE ACTION AS SOON AS POSSIBLE.  THE "GUIDE TO DELINQUENCY PREVENTION AND FORECLOSURE WORKOUT"  WILL DEFINE YOUR RIGHTS, AND YOUR RESPONSIBILITIES BEFORE YOU PAY CONSULTING FEES, OR AGREE TO ANY WORKOUT PLAN. YOU CAN BEGIN PREPARING YOUR CASE IN THE NEXT 30 MINUTES.
THIS GUIDE IS AVAILABLE IMMEDIATELY ON-LINE.

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GOOD LUCK

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