CREDIT Re-VERIFICATION

 

WHAT IS IT?


A permanent way to legally and judicially remove inaccurate delinquent, short sale or foreclosure information from all three major consumer credit bureaus and additionally three others that Lenders use.

 
How does it work?

Through the fair credit reporting act, and similar California credit reporting laws, you have the legal right to have information about your credit reported correctly.

Through a sixty to ninety day discovery process, it can be proven that these rights have been violated.  Your servicing lender will be "sued" for equitable relief, to have these inaccuracies corrected.

The legal venue will be through your County Small Claims Court, all of which will be supported by California law and case law.  You will get a judgement to have your credit corrected and "Re-Verified".

Through the rapid credit rescore process, your credit can be corrected within about a week after receiving the judgement and correction letter(s) from your servicing lender(s).



What does Credit Re-Verification cost me?


Court costs are generally a hundred dollars or so with small claims court.

You could do this yourself, however you only have one shot as a plaintiff in small claims court. It's worth investing a bit in preparation for your "silver bullet" to get you into another home, rather than waiting another 2-3 years throwing money away as a renter --

Proper legal advice and preparation, along with having a paralegal by your side for your day in court.


The legal team (with a 100% success rate for over 530 cases so far)

we recommend for these services currently requires an investment of $2,850

for a first mortgage, and $1,200 for a second mortgage (with a money back guarantee). That's a couple months mortgage payments (that you hopefully have been setting aside),

to keep all the benfits of home ownership.




Ok, I'm ready, whats the process???


1) Contact us to review your credit and income situation to make sure you can qualify to purchase a home after completing this process. Your credit score will go up a lot once the late payments, and short sale or foreclosure information are removed from your credit, or shown paid in full. We need to make sure the rest of your credit and income will qualify you to buy in the next 3-4 months, after completion of this Credit Re-Verification program. We may need to have a game plan to settle or correct other delinquent accounts.


2) If not already on the market, get your home listed for a short sale with a Realtor experienced with short sales. We'd be happy to provide you a list of Realtors experienced with this program who are highly successful in negotiating short sales, if you don't have one. The Credit Re-Verification process can be completed while the short sale process is going on. Both the short sale and Credit Re-Verification process typically take 3-4 months.


3) Engage the services of our recommended legal team to start the discovery process and get your "case" ready to present to Small Claims Court


4) Schedule a short sale closing date


5) Prepare your "case" to be schedules asap after the completion of your short sale (or sooner if the short sale or foreclosure has already happened). 


6) Close on your home (if not already happened). Rent back from the new owners for a month or so, or find a place to live until you close on your next home.


7) Meet with paralegal the day of your court hearing, present your case as practiced, and get a judgement to have the short sale or foreclosure removed or shown as paid in full on your credit. (Most judges aren't too fond of the banks, or did a short sale themselves too)


8) Give us your credit correction/removal letters, we will perform a "rapid rescore" to get you a clean new credit report with the scores and credit you need to buy your next home -- this is ultimately the "re-cerification of your credit".


9) Complete the loan application and documentation to get approved for the amount to buy your next home


10) Start shopping for your next home (you could have been doing this during the process above, around step 4). 


11) Close on your next home, as soon as a month or so after completing the short sale of your current home