Costs and Services involved:

We need to pay the cost of an accountant to prepare a personal budget and financial asset picture, in a professional presentation package. This financial plan is then presented to your creditors, whether it is for short sale approval, if you are going to sell your home, or for mortgage loan modification, if you are trying to keep your home and asking your lender to change the present terms of the mortgage, and it is also presented to your creditors for debt settlement. Our accountants normally charge $150 per hour for this preparation of the plan, and the average plan takes 4 hours of work or $600.00. You will need this done, so you can either hire your own accountant and we will work with him; or you can use one of ours that we work with. We need to have a bank account established in your name; giving you full viewing to this account over the internet. All funds paid to us are placed into this account. You will enter into an agreement authorizing the disbursement of these funds to pay the creditors, our fees and the bank charges. We use Wells Fargo Bank (Wachovia). The bank charges $17.00 per month as its fee; we do automatic bill payout of this account. Your account will be charged each month the bank fee. Our fees. We enter into a 36 month agreement with you, and we are going to charge you $100 per month as a retainer fee. In exchange we will perform the following services for you.

A. Advise the Accountant in the preparation of the financial plan and work with you and him in establishing a realistic monthly budget.

B. Write all of your major creditors directing them to deal directly with us, and negotiate with them. A major creditor is anyone that you owe money to greater than $500.00.

C. Have a Realtor assigned to you and work with that Realtor in the establishment of a realistic value for and report for the present value of your house. We will use this in dealing with either a short sale or a mortgage loan modification. Remember, that if we are not able to reach any deal with your mortgage lender in attempting to modify your mortgage, then we will try to convince your mortgage lender to accept a short sale. Either way, we need a properly prepared report. If you are presently working with a Realtor, then we will work with your present Realtor. If you are not presently working with a Realtor, then we will refer you to one of our Realtors. The Realtor will be paid from the sale of the house if it is going to be sold. Otherwise, the Realtor will normally charge between $200.00 and $300 for the report.

D. If you are already in Foreclosure, then we will review with you the applicable legal papers, and we will represent you as your attorney in the Foreclosure law suit. If you are not yet served with a Foreclosure, but are in default on your mortgage, then we will represent you once the foreclosure papers are served on you.

E. We will work out a budget with you in advance, and then attempt to settle your debts in accordance with the budget.

F. We will represent you in the sale of your house and in the short sale package and negotiations, if applicable.

G. We will attempt to modify your existing mortgage if applicable.

H. We will represent you in any creditor lawsuits filed against you.
1. We will review with you your existing legal papers, and prepare for you a basic estate planning package including a Will, Durable Power of Attorney, Living Will, Health Care Surrogate, and Living Trust, if applicable. This way your affairs will now be in order in the event of your illness or death.
1. We will work with a credit repair person, either of you choice or we will refer you to someone that can assist you in this matter. They will work out a cost/fee structure with you directly to repair your credit. In addition to our $100 monthly fee, we will receive an additional fee from you based on our actual results for you.

Our additional fees are as follows:
1. Short Sale; If you are a candidate for a short sale, your mortgage lender may approve an additional fee to be paid to us at the closing. This fee ranges from 0 to $2500, depending on the bank. It is paid at closing out of the money that would have otherwise gone to the bank, so you are actually not paying this fee.

2. Loan modification. If you are a candidate for Loan Modification, and if we are successful in getting a loan modification, then we will be paid a $1,500 additional fee for this service. If will be paid to us over a one year period of time, built into the new mortgage payments ($125 per month).

3. Debt Settlement. If you are a candidate for debt settlement, then we will be paid an additional fee of Fifteen Percent (15%) of the debt settlement savings. For example, if you have $25,000 in credit card debt, and if we settle for $12,500, paid over 36 months, then the savings to you is $12,500. Our fee would be $1,875.00; this would be paid over 12 months ($157 per month), and paid out of the monthly money being used to pay the debt settlement