Successes

Our day to day successes are too numerous to mention, however there are overall successes with our fight against fraud that I will list here, as these are significant and stable wins for the entire group; even those who do not use us, of people faced with the problems of fraud.  Also I’ve included successes in overcoming the vicious cycle of Mortgage Meltdown creating Market decline causing More Mortgage Meltdown!

Jan 2008  Got CHASE to agree to do forbearance agreement with all future defrauded Cay Clubs property owners.

May 2008 Came up with response method of stalling foreclosure for properties with delayed Short Sales - sample responses appear on our blog.

June 2008 Brought Kim on board to help duplicate successful measures to prevent Sarasota foreclosures opening up assistance for all Orlando and Las Vegas Cay Clubs property owners.

July 2008 Got agreement to cease foreclosure action on part of COA of Sarasota Hotel & Marina against all property owners who join the rental pool with agreement being that funds earned by rooms inclusion in pool are given in full to COA until COA debt is fully paid.

Aug 2008 Got Countrywide to agree to do forbearance agreement with all and all future defrauded Cay Clubs property owners.

September 2008 Got first Deed in Lieu (from Wells Fargo) for Sarasota complex.

Oct 2008 Filed Complaint with Florida Attorney General on behalf of Sarasota Property Owners.

February 2009 Got first SS approved by Chase for Sarasota Hotel & Marina.

March 5, 2009 - began first of 13 week series of Radio Shows!!  KCAA - Look for them on top left of my site!

May 1st - got Brad in as assistant.  Experience with loan modifications and diligent.  Welcome Aboard!!

May 14th - new owner for all Sunvest properties including 67 hotel rooms, marina and all grounds of the hotel.  wants to purchase all outstanding hotel rooms and reform into a hotel again.  Getting ready to put in bunch of offers.

May 14th - Beginning of DARE conference in NY.  Spoke with Mr. Lockhart, overseer of Freddie and Fannie and Steve Forbes with Forbes Magazine amongst others about the situation with Loan Mods and failure on lenders part to offer these to all.

Steve Forbes (Forbes Magazine) and Connie Saunders (FFN) at  DARE conference NY May 14th 2009, discuss Fourth Amendment violations by way of ‘unreasonable seizure of homes’ causing public catastrophe.

June 2009 Got 2nd SS approved by Chase for Sarasota Hotel & Marina.

June 12 - Ray Alexander hired by buyers to draw up offers.  We have all paperwork for about 12, have gotten another half dozen new people and there are about 12 people who simply have not returned the docs we need to do the SS.

June 12 - Got 2nd Assistant 3 days a week - Pat, who has experience putting loan packages together and years in title research and document entry and accuracy of file management.  Welcome aboard!!

September 09: Got 3 SS’s completed in Sarasota Hotel & Marina:

October 27th 2009 Dear Freedom Financial Network Team:   I am set to close on one of my Cay Club properties located in Sarasota. I wanted to take a moment to thank all of you, especially Connie Saunders and Lisa Moosbrugger for their tireless dedication to seeing this through to the end. This has been a very difficult road, more than a year and a half and littered with many obstacles, but you worked hard on my behalf, even in the face of these daunting obstacles.  Your expertise and advice along the way were invaluable in helping me get a short sale accomplished.   I can’t thank you enough for staying the course.   Thank you so much.   Warm regards,   BG

December 31st 2009 - got 7 SS’s completed in Sarasota Hotel & Marina.

Here’s one:  Hi Connie and Pat,

I hope you both had a good New Year!  Thanks to both of you, I did!

I just wanted to follow up and say thank you so much for your help.  Without your guidance I don’t know what I would have done.  I can’t tell you what a blessing it is to have this fiasco behind me.  By the sounds of it, the work you ended up doing to push this through was probably more than you bargained for.  Thank you for sticking with us through the whole process and not bailing like I’m sure many other people would have done after they realized the work it would require.  Thanks again!

Craig

Jan 10 2010: Have PRINCIPAL REDUCTION Refinances now for both Owner occupied and Residential Income Property!!  How this is done is with investors purchasing blocks of loans from major lenders at below market value and then refinancing them with the needy property owners.  This is all done by contract and the purchases are done in blocks, so is an all or nothing deal for lenders - meaning that both distressed and non distressed home owners can participate.  Getting properties down to Current Market Value is the true answer to resolving these upside down homes, whether it is short sold or done this way it will bring these properties around so that they will be able to again be stable and possibly begin to appreciate - spurring on the RE market!