Stop Foreclosure Express!

Greetings from Bill Snell

Thank you for considering the professional services offered by Together Orlando.  Here is a brief introduction to who we are and what we do.  It is our desire to serve you during tough times.

Together Orlando provides cost effective professional services to individuals and families to address the current financial mortgage crisis in Central Florida.  Our goal is simple and straightforward – to provide each homeowner impacted by the mortgage and housing crisis with the knowledge necessary to determine what their options are, as well as to lay out a plan to  strategically implement that knowledge in a manner that finds real solutions to avoiding foreclosure.

Did you know that 1 in 6 homeowners in America owe more than their home is worth?  If you have found that you are upside down in your home, perhaps facing delayed or missed mortgage payments, and maybe even the loss of income, things can seem bleak and hopeless. 

But, you are not alone!  We understand your hardship, and truly want to help.

If the bank is threatening to foreclose on your home –  it’s time for you to act!  Unfortunately, time is not on your side.  You should not just “wait and see” what happens.

Inaction can result in foreclosure, judgment of deficiency, severely damaged credit, and of course the loss of your home.

Together Orlando was founded for a time such as this. 

While there are many individuals and organizations around who make wild claims of success charging significant up front fees  and taking advantage of other’s economic crises, it was determined that there needed to be a company  that would truly come along side and offer you, the homeowner, vital information and professional services to guide you through your options while helping to avoid unnecessary delays and expense.

We never charge upfront fees for our services – never!  The fees we do charge are fully disclosed and are often recovered at closing and is often paid by the lender – not you the homeowner.  Chances are that you already feel like you’ve been beaten up financially and emotionally.  You don’t need someone else to add to your predicament.  The bottom line is… if we do not perform, we do not get paid. 

Call today for a free financial analysis and information concerning our professional services proven to help stop foreclosure…(321) 438-8018.

Remember – our goal and mission is to stop foreclosures in Central Florida while helping to restore the financial well-being for everyone seeking our help and services.

Call today – 321-438-8018, or email bill.snell@togetherorlando.com 

Praying for you,

Bill Snell – owner

 

Message from Paul Lechner

First let me say that if you’re facing foreclosure I believe it’s important to take responsibility for the situation and seek to resolve it as quickly as possible.

Many companies and individuals state that they can “keep” you in your home for months, if not years at a time without making payments to the mortgage company.  Although this is true and happens on a regular basis, I do not recommend such a practice.

Regardless of how you ended up in foreclosure I believe it is in your best interest to quickly work through the situation and get you and your family back in the habit of paying for your housing OR in cases where you cannot afford housing, look to move in with a family member or friend.

There are some exceptions.

1. You are actively pursuing a Short Sale
2. You are actively pursuing a Loan Modification
3. Your lender refuses to work with you

Prolonging the foreclosure process simply adds to the stress in your life and in most cases creates an overwhelming sense of bondage for the individual and their family.  Many people who stop paying their mortgage start or continue to exhibit poor spending habits.

Foreclosure is like falling off a horse, the decision whether or not to get back on and ride again has a lasting impact on your confidence.  How long do you want to live in a world where you avoid the telephone, the mailbox and in general, people?  Wondering if someone is going to serve you papers or if a notice will be posted in the local paper is enough to drive anyone crazy.

So I say without hesitance to get back up, dust yourself off and start riding again.  There are better days ahead but you will not experience them until you face your situation head on.

Getting Started

1. Create a Budget
2. Know what “Your Number Is”.  What it takes to make ends meet.
3. Make sure your housing related expenses are are in line with the spending plan calculator’s recommended budget found here.  (this includes, mortgage/rent, utilities, lawn care and anything else related to your home).
4. Unless you are experienced in loan modifications or short sales, hire a professional to assist you with the process.  This will save you untold amounts of time and money in the long run (if your loan is serviced by Fannie Mae or Freddie Mac you may be entitled to up to $5,000 in relocation assistance).

All the best,

The Mortgage Forgiveness Debt Relief Act

If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable.

The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief.

This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion does not apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home’s value or the taxpayer’s financial condition.

More information, including detailed examples can be found in Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments. Also see IRS news release IR-2008-17.

The following are the most commonly asked questions and answers about The Mortgage Forgiveness Debt Relief Act and debt cancellation:

God of This City

Listen to this song!  It speaks to the plan of God over our cities.  Be reminded that God is in charge and that all things work together for good to those who love Him and are called according to His purpose.

Everytime I listen to God of This City, I am encouraged and reminded of His greatness and power.  Though times may be tough for you right now, new days are ahead.  We’ll move forward together in faith and confidence to embrace each and every day.

I believe that’s what Together Orlando is all about!

Welcome to Together Orlando

Today, like no other time in recent history we as people, families, communities, states, nations and the world have been impacted by a significant financial crisis.  If we personally haven’t been affected by this it is safe to say that we all know someone who has experienced a personal hardship or a financial hardship related to this crisis.  Perhaps many you know are currently in the midst of the battle as you read this.

These hardships have in turn created an environment where people have become disillusioned and find themselves “paralyzed” from taking the necessary actions to overcome their hardship.  Adding to this tyranny are hosts of other life altering issues that can arise.  Issues like self doubt, depression, isolation and relational disharmony are but some of the most common ones that people are facing.

At its most simplistic level Together Orlando is focused on restoring the confidence and financial well being of people who are experiencing financial hardship.  By extension, as we partner with other business leaders and owners who share a common vision for restoration, the very heart of this city can be restored.  We believe it is in this very moment that Together Orlando has been called to be the catalyst for bringing the people of  Greater Orlando back to financial health.

The Products and Services of Together Orlando

Together Orlando is focused on restoring the confidence and financial well being of people who are experiencing financial hardship.  By partnering with other business leaders and owners who are also focused on this common calling,  Together Orlando can be the catalyst for restoring the communities that are comprised of the Greater  Orlando area, hence the name, Together Orlando.

Financial Assessment

The first step in the restoration process is to understand what it takes to make ends meet.  We accomplish this by completing a financial assessment with the client.  The financial assessment is comprised of a budget and a spending plan.

Focus is placed on three categories: Housing, Auto and Debt.   Once the budget and spending plan have been completed an action plan is put in place.

Save My House

If the homeowner has experienced a hardship and has recovered financially, or is on the way to recovery, Together Orlando can suggest various programs for you to seek to negotiate a loan modification on your own.  In few instances a principle reduction may be possible.

Loan modifications or restructuring of loans are many times offered for free by the lender and also by the US Government.  However, the success rate for a permanent loan modification that makes financial sense is absolutely dismal.

Sell My House

If the individual or family has not recovered from their hardship, is behind on the mortgage and does not have equity in the property it may be determined by the financial assessment that saving their home is not a viable option, Together Orlando will work with the homeowner to list and sell the home by means of a short sale. 

Together Orlando is successful in short sales due to cash offers and professional negotiations directly with the lender to purchase the property for less than what is owed.

This process will ensure that the homeowner avoids foreclosure and will also provide a window of opportunity for the individual or homeowner to save money needed to move and relocate.  In certain circumstance the homeowner can receive up to $5,000 in relocation assistance.

 

Debt

Homeowners who have experienced a hardship and have fallen behind on their payments to credit card companies may be eligible for a debt consolidation or debt settlement.

An analysis of debt is determined by the Financial Assessment and a copy of the homeowner’s credit report.  After the analysis has been completed and it is determined that consolidation or a settlement of the debt is the appropriate action to be taken, a representative of Together Orlando will work with the homeowner and lenders to come to an agreed resolution.

 

Affiliated Business Partners

Many times after meeting with homeowners it is determined that additional resources are necessary to help get them back on track.  In addition to the core service offerings, Together Orlando has developed a network of affiliated business partners who share in our vision of restoring the confidence and financial well being of people who are experiencing a financial hardship.

It is important that our affiliated business partners share similar values as Together Orlando.  Each business partner has been interviewed and our values and principles have been shared with them.  Partners who share our vision, values and principles have been added to our network of approved Affiliate Business Partners.