Mortgage Recovery Secrets
Why Was A 1099 Sent To The IRS For My Mortgage Satisfaction
This is a payoff statement that can be negated (e.g. you can still show no taxable income) with the use of Bulletproof Trust Secrets or Elite Tax Secrets. It is required to be sent, due to the way the payoff process works.
Can Satisfying A Mortgage Reduce My Credit Score
Yes, paying off / satisfying a mortgage has the chance to slightly reduce one's credit score, but the impact is usually small and temporary.
How To Invest & Grow Using This Mortgage Recovery Process
1. Sign or co-sign for a home loan, potentially with no closing costs (e.g. refinance) OR no money down (e.g. new purchase). 2. Wait ~3 months while making loan payments (e.g. $3000 / mo x 3 = -$9,000). 3. Satisfy current mortgage (-$5,000 per ...
County Only Has Assessor's Parcel Number (APN) or Assessor's Identification Number (AIN) or Property Identification Number (PIN)
These are all acceptable terms: APN, AIN, or PIN. Assessor's Parcel Number (APN) is a unique number assigned to real property by the tax assessor of the property's jurisdiction; Assessor's Identification Number (AIN) and Property Identification ...
Can We Sponsor / Refer Somone for Mortgage Recovery Secrets
Yes, anyone can refer another person, that they are not a part of the mortgage to, for 5% of the note’s total value. Alternatively, one can sponsor, where applicable, a person for an additional 5% of the note's total value.
How Long Does The Mortgage Recovery Secrets Process Take
The satisfacton process takes 60-90 days, once the loan is reporting to one's credit. The recovery process takes ~12 months, if the process takes longer than 24 months one can receive $8000 back by forfeiting any right to recovery of the note to us.
What If We Refinanced A Home Multiple Times
Every time a person refinances, the old mortgage is extinguished / satisfied by the new mortgage. If a person refinanced 10 times then they have 9 notes to recover (i.e. not the current mortgage).
How Much Does Mortgage Recovery Secrets Recover
We recover 30% of the note’s full face value and convert it into cash for you - so if your mortgage was originally for $1,000,000 then one would receive a $300,000 Cashier’s Check.
Who Is Doing This Mortgage Recovery Process
Private Wealth Academy has brought this process to the limited public. PAR is the legal recovery agent for the reconverted funds. HERA is the firm that works with the Federal Reserve to reconvert the notes into Federal Reserve Notes (cash) for us. ...
Double Your Money Back Guarantee for Mortgage Recovery Secrets
The 'double your money back' guarantee comes with the understanding that we will have at least (30) and maximum (60) days, after payment(s) have posted, to perform routine inspections on the note to verify there are funds available for recovery. If ...
Can A Person Recover A Note For A Spouse
If the mortgage papers were signed by multiple people, then all those same people are required for recovery. If even a single person does not give Limited Power of Attorney over for recovery, then we cannot recover the funds at all. In short, ...
How Old Can The Mortgage Be
The mortgage must be less than 30 years old, and truly 29.5 years or less because it takes at least 6 months to reconvert the note before it is extinguished completely from both private and public records by The Federal Reserve.
If One Person Has Multiple Houses Can We Get A Referral For Each One
Yes, the person will need to mark the referring user's name at the top of their Intake Form(s).
Will Loan Modifications Count As A New Mortgage Loan
Unlike a refinance, a loan modification doesn't pay off the current mortgage and replace it with a new one. Instead, it directly changes the conditions of the loan.
What Law Gives Banks The Ability To Turn A Promissory Note Into Cash
12 U.S. Code § 372 gives "lenders" the right to convert a promissory note into Federal Reserve Notes under the citation, "any Federal or State branch or agency of a foreign bank ... may accept drafts or bills of exchange drawn upon it". This law ...
Who Sends The Mortgage Note Reconversion Check
The service provider for the loan sends the check, but not before recording it with the county as proof of the note being terminated. We will then receive the check and make payment from the dispersed funds to all relevant parties via Cashier's Check ...
What If One Dies Before Receiving The Check for A Mortgage Reconversion
After death of the holder in due course the payment will go to any immediate heirs - one who has a Power of Attorney (POA) is able to accept.
Can State of XYZ Still Be Signed By A Notary Out Of The Named State
No, some states require completion of an approved notary education course and passing a state-administered exam for the given state. Notary publics can only notarize documents from another state when the notarial act is conducted within the ...
What Are The 3 Steps / Phases to This Promissory Note Reconversion Process
PHASE 1 : RESEARCH (15 DAYS) 1) We verify and research a members documents. If it’s determined that the note is not securitized or placed into a mortgage backed security, then we stop the process. PHASE 2: FILE (90 DAYS) 1) We will file assignments, ...
Why Does This Promissory Note Reconversion Process Work
Upon purchasing a home, a buyer actually acted as the investor and issued a promissory note backed by a mortgage, giving the bank an asset that’s traded and monetized/securitized for 15 or 30 years regardless of what happens to the property. The ...
What Are The Costs For Reconverting A Promissory Note
Prior Mortgage / Sale / Refinance / Foreclosure: We require 0% of note's face value as down payment, we will obtain our payment after the reconversion process is completed from the issued funds. For this scenario, because the home/property is not ...
What Are The Risks For The Promissory Note Reconversion Process
There is a potential loss of time spent to initiate the paperwork (~2 hours). And only in cases where one seeks satisfaction of a current mortgage would there be a temporary monetary loss, which is returned in full in cases of failure. Since the ...
Is There A Discount For Repeat Customers With The Promissory Note Reconversion Process
No, the costs always remain and merely vary based on the promissory note's face value.
What Is This 50% Refund Mentioned In The Master Agreement
The clause which mentions a 50% refund is in relation to PWA and H.E.R.A. This protects us due to all the money paid up-front to finance this process on a student's behalf. If the process fails, we get ALL of YOUR MONEY back but lose our half we put ...
Will The Promissory Note Reconversion Process Affect Our Current Loan
The promissory note(s) will be taken off the market and therefore extinguished. In short, one will obtain a satisfaction of the note when the money is received. This reconversion process for old promissory notes will not affect current-standing ...
Is There Potential Litigation One Must Go Through For This Promissory Note Reconversion Process
Everything is handled via private arbitration and private court actions. There are no court dates to show up for and no legal repercussions to fear.
Can A Promissory Note Be Reconverted From A Defunct Company / Lender / Bank
Defunct companies created the note, but the Federal Reserve holds and trades on the promissory note itself. Until the Federal Reserve is dissolved, these notes are reconvertable.
Who or What Is H.E.R.A
H.E.R.A. stands for Home Equity Reconversion Association and is the firm that works with the Federal Reserve to reconvert the notes into Federal Reserve Notes (cash) for us. This is done through legal actions to the Secretaries of State and Federal ...
Where Are The Funds Recovered From
The Equitable Admin Recovery Process for a promissory note or security involves constitutional due process and the Depository Trust Company (DTC) or the Depository Trust and Clearing Corporation (DTCC) for commercial real estate funds. Prior to state ...
What If A Property Is Purchased Under A Corporate Name or Entity
The process still works the same. If a promissory note was securitized and fractionalized, then there are funds able to be potentially recovered.
What If A Property Is Paid In Full With Cash
Then there would be no funds to claim because no promissory note was securitized and fractionalized upon.