Foreclosure Protection

A Safety Net For Your Home

Residential

Commercial

Foreclosure Advantage LLC

MCKENZIE REAL ESTATE LLC- LIVERPOOL, NY

mckenziecos@gmail.com

MISSION

Our mission is to avoid the foreclosure process in order to:

  • Protect Mortgage

  • Protect Equity

  • Protect Family

  • Protect Credit

To protect from some issues that cause foreclosure:

  • Disability

  • Death

  • Unemployment

  • Downturn in income

  • Private Issues (Divorce etc.)

PROCESS

  1. Application with a $50 fee

  2. SAMPLE. Mortgage and Taxes are $50k per year:

Sample:

  • 2% fee for “loan position” on $50k. Mortgage payment and taxes ($4000/mo. approx.)

  • 50% returned after 5 years if unused.  (Return of premium)

  • Insurance policies.  Accidental death and disability (Lloyds or other)

  • Disability policy covers “net” income

  • If dual-income family policies on both earners

  • Money guaranteed when you need it most

FORECLOSURE BENEFIT- A METHODOLOGY TO PREVENT PROPERTY FORECLOSURE

Insurance process that protects mortgager and mortgagee from a Default situation.

Foreclosure of property is a nationwide problem. An estimated 3.8 million homeowners lost their property in the 2008-9 crisis and under the current covid situation, 8 to 13 million may lose homes. The foreclosure rate is historically about 1%. Economic conditions, accidents, and death contribute largely to this issue. Foreclosure benefit offers insurance solutions for many in this situation saving equity in real estate and credit ratings.

Accidents and death are covered with simplified issue insurance products.

General Overview

  1. Disability Insurance

  2. Life Insurance

  3. Foreclosure Benefit (Pay mortgage up to 12 months if unemployed or other)

  4. Attorney assistance

Copyright. FORECLOSURE BENEFIT. TX-8-971-221
Patent 560295820 Pending

The foreclosure process begins with a notice of delinquency after 30 days of non-payment, followed by a notice of default after 45 days, and a lis pendens filing after 90 days. In judicial states, the borrower has 120 days to redeem the property by paying back payments and interest. If not redeemed, the property is auctioned, and if the sale is unsuccessful, it becomes real estate owned. Foreclosure triggers a loan repurchase or make-whole payment demand from a government-sponsored entity (GSE) to the originating lender. The GSE provides liquidity stability, affordability, and timely payment guarantees on the underlying mortgage.

Foreclosure Benefit recommends the advice of an attorney in these situations.

Background On Foreclosure

If an accident or death occurs that impedes the payment of your mortgage, foreclosure commences in a short time period!

Foreclosure Data

The COVID-19 pandemic has created economic uncertainty, and the federal government and many states have implemented measures to prevent foreclosures. As a result, foreclosure rates in the United States have remained relatively low in recent years. However, it's difficult to predict the exact number of foreclosures in the coming years.

According to data from ATTOM Data Solutions, a real estate data company, there were a total of 214,323 U.S. properties with foreclosure filings in 2020, which was down from 2019 and a record low since tracking began in 2005.

As for 2021 and 2022, it is challenging to make accurate predictions due to the ongoing pandemic and the various government interventions in place to prevent foreclosures. However, the Biden Administration has extended foreclosure moratoriums and mortgage forbearance programs through June 30th 2021, which may help to mitigate the number of foreclosures in the short term. Ultimately, the number of foreclosures will depend on various factors such as the pace of economic recovery, government policies, and the housing market conditions.

Economic Data

Our Team

Foreclosure Benefit is brought to you by the team that created deferred compensation plans for Wall St executives from Morgan Stanley Shearson/First Boston in the 80s, as well as Private Placement policies and COLI -BOLI.

Previous clients included Tiger Management, CITI, Chase, and Wasserstein-Perella. Our members have been Lloyds / Zurich producers for many years.

The senior developer of this process worked at Brookhaven National Laboratory in 1964 at 19 with 3 Physics Nobel Prize winners. Ray Davis, Jim Cronin. Murray Gell-Mann [Neutrinos]

Past Clients of our team:

American Express, Morgan Stanley, Lehman Bros, First Boston, Citi, Chase, One Bank, Raymond James, Wasserstein Perrela, Xerox, Northern Trust, Conseco, Tiger Management, Lloyds, Zurich Viking, and others

Contact Us For Additonal Information

Important Calculators

Click on the calculators below to see how your financials could look
“Simplicity is the ultimate sophistication.”
— Leonardo da Vinci 1452-1519

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