| Q. What is Loss Mitigation? Loss Mitigation is an effective way to stop Foreclosure. By partnering with a professional loss mitigation firm to handle YOUR negotiations, the goal is to increase your odds of influencing your lender(s) to accept an alternative to Foreclosure. Your banks have one or more departments who handle loss mitigation negotiations on THEIR side, shouldn't you have someone representing YOUR side as well? To learn even more about GPS Loss Mitigation, please click here or here. Q. What is a "Release of Mortgage" vs a "Satisfaction of Mortgage". Please click here to view a discussion on this topic. Q. Do I have do be past due or delinquent to get GPS's help? Most lenders will require a homeowner to be 30-60 days past due before they will consider discussing workout options with GPS. However not always. With more and more foreclosures pending, some lenders are willing to talk sooner. You can always APPLY NOW for Free and see if GPS can assist. Nonetheless, if you are not even 30 days past due, you may not need GPS; you might be able to just call your lender yourself and see if you can work something out on your own. It's always best to keep your lender informed. Q. What does it cost for GPS's help? A. The first step is for you to click here to submit your FREE Application to GPS. If GPS approves your case and you want to proceed forward, then the cost to the homeowner will depend on what type of assistance you are requesting from GPS: (For Options A or B, any payment you make to GPS will be held in third-party bank escrow account - GPS cannot remove your money from escrow until such time as we complete the tasks you request of us - as noted in the Payment Terms). A) If you want to SAVE YOUR HOME with GPS or you want to Get Rid of It via a Deed-In-Lieu of Foreclosure, the cost is based on your current monthly mortgage payment (minimum $1000) - to see a specific breakdown, please visit the What Does it Cost Page. *Please keep in mind that, while the industry average success ratio in SAVING HOMES is over 90%, if for some reason, GPS is unsuccessful helping you to SAVE YOUR HOME, then you will receive a refund of your payment less the a Processing Fee of $299 per lender. B) If you want to SELL YOUR HOME via short sale or wholesale to an investor, the cost is quite minimal - simply a $299 Processing Fee for the Primary Lender and $199 for each additional lender. C) If you want to "Do It Yourself" and get some hand-holding, consider GPS Coaching - click here to learn more. Q. Does GPS offer a Money Back Guarantee? YES! If you want to SAVE MY HOME, GPS does offer a Money Back Guarantee in most cases. Please click here for more details. Q. Does GPS offer a Payment Plan? YES! If you want to SAVE MY HOME, but can't afford to pay the value of "One Month's Mortgage Payment" all at once, please click here to see the GPS Payment Plan. Q. Why does GPS charge a Processing Fee? In order to remain in business, GPS must have a means to cover our basic Administrative and Staffing expenses. Your Processing Fees are used to cover the costs associated with SOME OR ALL of the following: 1) Access to the proprietary GPS Workout Package Documentation 2) Guidance in compiling your Workout Package from a GPS Processor and/or Loss Mitigation Negotiator 3) Coordination with Realtors, investors/buyers, title companies, and lender personnel where applicable 4) Preparation of a complete Workout Option Package and submission to your lenders 5) Negotiation by GPS with your lenders and GPS investors 6) Administrative personnel and Office Overhead required to process your file NOTE: The GPS Processing Fee is non-refundable regardless of the outcome of the file since these funds are immediately used to cover Admin and Staffing expenses in setting up your file. The Processing Fee is considered "earned" by GPS, and therefore released from escrow, once you send GPS your initial Hardship Paperwork and GPS opens a file for you. Q. I understand GPS needs to pay it's employees, but if a Homeowner is past due on their mortgage, how can GPS expect them to pay Processing Fees or any other money? A. Remember, you may not need GPS at all. If you want to try to work something out on your own and you are only 30-60 days past due, perhaps you might be able to make arrangements on your own. However, if you fee like you need the benefit of working with a professional Loss Mitigation Firm like GPS, then you might be interested to know the following... In most cases, when a homeowners is past due, they are not making any mortgage payments due to their current hardship. If the hardship is long-term and severe and selling the home is the only option, then spending $199-299 per lender to secure the services of GPS's team may be a small price to pay for the potential value of avoiding Foreclosure on your credit report and finding a resolution to your problems. As for having to pay a fee based on the cost of one month's mortgage payment to GPS in exchange for GPS helping you to SAVE YOUR HOME, consider that in order to qualify to save your home, GPS will need to prove to your lender(s) that your hardship situation is temporary and that, with help, you can get back to paying your mortgage. If you are less than 60 days past due, you may be able to do this on your own without GPS. But if you are more than 60 days past due, then you likely have racked up significant fees & charges from your lender. If you haven't paid your mortgage for multiple months, you've likely built up some cash reserves. The problem for you may be that even if you have saved 1-2 months of mortgage payments, you may already be 4-6 months behind -- thus many lenders will likely reject any amount you try to send to them if it is not the full amount due (or if they do accept that partial payment, you'll likely still be consider "past due" and on the road to Foreclosure). Thus, what GPS's clients have found is that by taking some of the money they've saved and paying GPS a flat fee based on one month's mortgage payment, it's a wise investment that could pay off nicely if GPS is able to get the lender to approve a payment plan that would help you to STOP FORECLOSURE, SAVE YOUR HOME, and give you a NEW BEGINNING! Q. So, how does GPS really make it's money? A. If you are trying to SAVE YOUR HOME or get rid of it quickly via a DIL, GPS knows that money is tight. Our goal is not to rake you over the coals and take all your money. We simply want to be able to compensate our Loss Mitigation Reps their efforts on your behalf. If you are trying to SELL YOUR HOME, more extensive negotiations will be involved. Understand that GPS is not a Real Estate Broker and we will not earn a real estate commission off your home. That said, if GPS helps to negotiate on your behalf, GPS will seek payment of a Loss Mitigation Service Fee from the Buyer of home and your Lenders. This fee is only earned if the deal closes. This fee is never paid by the Homeowner. For more information click here. In addition, if a GPS investor purchases your property, GPS will receive a share of the investment proceeds. All of this could amount to a substantial amount of money. Q: Why should I trust GPS? How is GPS different from others? A: First off, we can't tell you to "trust us" -- we believe we have to EARN your trust. We'll try to do just that if you give us a chance. As you know, there are many companies in the marketplace now who offer “loss mitigation” services. Like other firms, GPS is a “for-profit” company. However, unlike many other organizations, GPS’s primary goal is to help distressed homeowners and their realtors find a solution to their property problems. Our #1 goal is that the homeowner gets a “fresh start” and we will sometimes even reduce our profit requirements if it will help the homeowner gain a better chance to overcome their hardship. In addition, unlike 99% of loss mitigation firms, GPS does NOT require your homeowner’s deed in order to begin service. At the same time, we help mortgage lenders curtail monetary losses and avoid having to take foreclosed property into inventory as REO's – thus freeing their Loan Loss Reserves and allowing them to get back to doing what they do best: Lend Money. We know that when Genesis is able to achieve these goals, ALL parties will leave the closing table ready to pursue a “New Beginning…” CLICK HERE to view ACTUAL APPROVAL LETTERS from GPS Whether you choose to contact Genesis Property Solutions or you decide to work with someone else, if you learned nothing else, PLEASE...TAKE ACTION NOW! |
| Genesis Property Solutions, LLC "Creating New Beginnings for Homeowners" Let GPS guide you to a fresh start in life, too! |
| Copyright Genesis Property Solutions, LLC. All rights reserved. We specifically disclaim any errors, omissions, or any other inconsistency herein. We specifically disclaim any liability, risk or loss, personal or otherwise as incurred as a direct or indirect result of your reliance on this information. All GPS Fees are subject to change without notice, however any change will not affect deals currently in progress. |
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| EMAIL GPS gps@genesispropertysolutions. ORG |


| FAX GPS 813-200-3324 |
| Call GPS 888-GPS-LLC7 |
| GPS, SAVE MY HOME! Click Here to Apply (FREE Application) |
| GPS, GET RID OF MY HOME! Click Here to Apply (FREE Application) |
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