My Foreclosure Process

Carmen Basiloveccho Real Estate Foreclosure quotes….

basilovecchio — Mon, 31 Mar 2008 03:46:08 +0000

The Fed should think “out of the box”
They should and I say SHOULD because there is no chance they would—Both increase rates and decrease rates.
WWHAT??? Yes both-decrease and increase.

Decrease rates on a set amount!
Estimate $500 billion @ 2% for the housing crisis.
This money would be lent to lending institutions
for a 15 year period provided-They put an immediate end to FORECLOSURES AND SHORT SALE!
According to the “EVERYBODY WIN”plan this should end the housing crisis.

Raise the discount rate if they deemit nesessary to fight inflation.

Avoid foreclosure. Realtors, real estate agents, mortgage brokers, hud, fha, bankruptcy attorneys must visit our site.

www.myforeclosureprocess.com

check other blogs on active rain regarding foreclosure and how to save your home.

basilovecchio

Carmen Basilovecchio Real Estate in Florida says…

basilovecchio — Sun, 30 Mar 2008 03:31:23 +0000

Carmen Basilovecchio has the answers. Florida foreclosure can be avoided. FHA, FNMA, learn the Florida Real Estate do’s and dont’s. Make money in Real Estate with BPO’s. Click on www.myforeclosureprocess.com or www.basilovecchio.com

Learn what Carmen Basilovecchio has to say about Florida Real Estate Foreclosure.

basilovecchio

www.basilovecchio.wordpress.com

Basilovecchio Foreclosure Process is….

basilovecchio — Thu, 27 Mar 2008 04:29:55 +0000

Learn what Carmen Basilovecchio has to say about Florida Real Estate Foreclosure.

basilovecchio

www.basilovecchio.wordpress.com

Carmen Basilovecchio Real Estate Foreclosure Process is:

basilovecchio — Wed, 26 Mar 2008 07:57:31 +0000

WE HAVE FOUND A NEED! YOU CAN GET PAID $490/Hr TO FULFILL IT!!!It is estimated 14 million homeowners will need your services within the next three years.

THAT’S A ——-6.86 BILLION DOLLAR MARKET! SIGN UP NOW TO GET YOUR SHARE!!!
Join OUR LIST OF PREFERRED AGENTS FOR $95.00.

Help stop foreclosure, whether its HUD foreclosure or Bank owned foreclosure. Learn the foreclosure process.

Please visit our site: www.myforeclosureprocess.com for all the details.

basilovecchio

www.basilovecchio.wordpress.com

Carmen Basilovecchio Real Estate Foreclosure Pro

basilovecchio — Tue, 25 Mar 2008 04:53:36 +0000

My name is Carmen Basilovecchio,
I am the Broker Owner of RE/MAX SE and have been in the Real Estate business for over 17 years.
I have agents through out the US that understand how this works and will be more than willing to work with you to make this happen, Call now for a free consultation. Click www.myforeclosureprocess.com

www.basilovecchio.wordpress.com
1-800-284-8600
Type your first name and e-mail address below.ANY HOMEOWNER IN THE US!!!!

that is in default,30 days late,or will have to default if not immediately HELPED!

HELP IS HERE!
Part ONE

I will assign a real estate agent in your area that will do a broker price opinion as to the present value of your home.
Anywhere in the US.This will establish reasonable value.

I will assign a agent that will do a report as to your present affordable payment amount.

With this in place,
I will have that real estate agent in your area present this to your lender as an offer
to refinance the loan balance at an AFFORDABLE PAYMENT! .If you do not or for other reasons cannot stay in this home ,the assigned agent
could find a candidate that will accept 100% of your LOAN BALANCE thru your lender at that AFFORDABLE PAYMENT!

PART TWO

THERE IS NO LISTING OR SELLING COMMISSION CONTRACT.
I know you cannot afford to stay in your home,how would you be able to pay a commission?
There is a small UPFRONT FEE for the part one services.

PUT AN END THIS THIS NIGHTMARE NOW!!!!!

Carmen Basilovecchio
(Soon to be your HERO!)

Basilovecchio Speaks

basilovecchio — Sun, 23 Mar 2008 05:48:27 +0000

SUBJECT: How powerful if said by NOBEL PEACE PRIZE WINNER
“Endorse…ideas,offer better alternatives,or challenge”
2007 Dr.Yunus.Nobel Peace Prize

This email is 100% original ………………………………… freely given for use in any way by receiver.
Corrected 03/19/2008:::::::::::::::::::::::::::::::::::::::to make you want to read on,just keep this thought:::::::::::::::::::::::::::::::::::::::::::::::::::::::::How do you borrow ONE TRILLION DOLLARS for ten Years without using money and have people begging to repay it so
you can cover your costs and make a profit of $112 Billion??????

A PLAN TO END MORTGAGE CRISIS !
A PLAN THAT MEETS ALL CONCERNS!
NO COST TO TAXPAYERS!!

A SPECIFIC CAUSE DRIVEN AGENCY THAT COVERS COSTS AND MAKES A PROFIT
SO IT CAN CONTINUE ITS SPECIFIC CAUSE—AFFORDABLE HOUSING!!

End foreclosure and short sales.Turn the defaulting loan into an AFFORDABLE HOME LOAN. A loan modification plan that has NO cost to the taxpayers. NOT A BAILOUT!

A cause driven agency that covers costs and makes a profit.
Not a charity,rather a repeating business venture.
NOTE:Thank You Dr.Yunus,(NOBEL PEACE PRIZE WINNER 2006)
FOR YOUR INSPIRATION!
__________________________________________________

________

All defauting notes
are purchased by the new agency thru
Tax Exempt Bonds,
however at no cost to the taxpayer!!!!
NO MONEY NEEDED,a 10 YEAR BOND

2.The lender is paid FAIR MARKET VALUE,This is just as unbelievable as # one.
3.New Mortgage is issued.
READ ON;
ENDORSE! CHANGE! OR CHALLANGE!
“EVERYBODY WINS”

THE EVERYBODY WINS PLAN :
A LOAN MODIFICATION:
TWO PART MORTGAGE

PART ONE:

A 7%(EST.) fixed rate mortgage with a 10 year amorization.,30% of the full note, up to but not to exceed 100% of the Fair Market Value.This part will allow a profit and create equity.AND CREATES A VERY LOW AFFORDABLE PAYMENT.
EXAMPLE:…………………….is used to show per $100,000.
FAIR MARKET VALUE………………………………..$100,000
LOAN AMOUNT…………………………………………$30,000
10 year Fixed payment@7%_ P&I__.$448 This is a must multiplier-$1.493/$1000

UNBELIVEABLE AFFORDABLE LOW PAYMENT******$448/month

PART TWO:

A prevailing fixed rate mortgage for 30 years. It is for the other 70% of the full note,plus a shared appreciation(a better word would be “a profit to the cause”) of 10% of original note.

Balance of loan……………………………………….$$70,000
SHARED APPRECIATION.(PROFIT)………………….$10,000
30 Yr LOAN@6%(prevailing)……………………….$80,000

PAYMENT, fixed.________________________..$480 P&I.
Per each $100,000

NOW THAT’S
AFFORDABLE HOMES!!!
A $200,000 home would be $896/month…10 years
then$960
Carmen Basilovecchio
9804 S Military Trail E-10
Boynton Beach,Fl.33436
1-800-284-8600
cbasilovecchio@aol.com

_______________________________________________________

DONE DEAL!! WHOA!! 70% of the funds needed has a cost for the 10 years!

HOW is that FUNDED AT NO COST TO TAXPAYER?????!!No real money needed.

The federal agency

(I will call “Freddie Aff” — as the Federal Affordable Housing Agency) will issue the new mortgage, PRINCIPAL AND INTEREST MONTHLY PAYMENT OF
($448/100,000) .

At the end of that term the new 30 year mortgage starts AND THE BORROWER will have EQUITY IN THE HOME OF $20,000,that portion of the principal paid back.WITH $10,000 (10,000/$100,000)being paid as shared appreciation(profit).Example Uses 6% as prevailing rate. for the 30 yr. mortgage..

New amount of remainder balance @ $70,0000,PLUS THE SHARED APPRECIATION becomes a new mortgage for $80,000 which creates a new principal and interest FIXED PAYMENT of ($480 /$100,000)

“Everybody Wins”

Freddie Aff would be funded by the sort of called for “State of the Union Address”

STATE AND FEDERAL TAX EXEMPT BONDS.03/17 Special note:The way the feds are DROPPING THE RATES this could be 2.25% !WOW!WOW!)

Bonds would be for 10 years with a rate of 2.25%.TAX EXEMPT. That rate is equal to the possible Fed Discount Rate.(03/18),a 50/50 chance rate maybe less than 2% by year end)The bonds may be issued in the amount required to resolve this current problem of defaulting or soon to be defaulting mortgages.Any Mortgage set since 01/01/01. This amount has been called a bottomless pit. (1)*

We will use the sum of ONE TRILLION DOLLARS as our example.(03/14,the pit could include FREDDIE AND FANNIE’s 10-20 TRILLION,but the crazy part is that’s no problem.The more needed the more profit,the more people benefit!) Yes, $1 trillion.

The amount alone would cost $22.5 billion a year in interest payment alone. How can a $225 billion 10 yr.cost make the tax payer a winner? Isn’t this a disguisted bailout?

NO, Freddie Aff will not be redeeming the bonds for 10 years It
WILL BE INVESTING THE BONDS!They will purchase the bad loans with the bonds instead of money!

THE BOND IS USED TO PURCHASE THE BAD LOAN!FREDDIE AFF as an AFFORDABLE HOUSING INVESTOR will receive 7% (the Estimated fixed interest rate) gain on Fair market value when it sets the new loan.Also Freddie Aff will receive as a return on its investment 1/3 of 30% of the money borrowed. Remember: First part of payments are @ 7%(est.) interest based on 10 year amorization. Freddie Aff will receive in payments $537.6 Billion at $448/month for 120 months.Returning $300 Billion principal and $237 BILLION to cover the entire cost of money for the total TRILLION,for the 10 yrs.If you say “Everybody Wins”,what’s the big deal,where’s the PROFIT!!!.

___________________The Math_____________________
First 10 years payments……………$448X120………………..$53,760
MINUS principal……………………………………………………$30,000
GAIN………………………………………………………………..$23,760
REAL
INTEREST COST FOR 100%……………………………..$225 Billion
!0 YEAR recapture amount…………………$237 Billion

THAT IS A PROFITABLE BOTTOM LINE

O.K., thats what part one does. Now what does part two have built in?
Remember the SHARED APPRECIATION?

That comes to 1/3 of the pincipal paid back.That is 1/3 of $300 bilion dollars.That is $100 billion dollars.(it would be $200 Billion if $2 Trillion Fair market value)

ADD THIS PROFIT
TO THE BOTTOM LINE!
Now Freddie Aff can continue making
AFFORDABLE MORTGAGES FOR AFFORDABLE HOMES.
AD INFINITUM

A CAUSE DRIVEN AGENCY;NO SHARE HOLDERS,COVERS COSTS AND RETURNS A PROFIT SO IT MAY CONTINUE. A CAUSE DRIVEN AGENCY THAT RECOVERS COSTS AND MAKES A PROFIT!!!!
NO SHARE HOLDERS,NONE
ONLY THEN CAN IT PUT PROFITS BACK INTO ITSELF TO SUSTAIN ITSELF
AND CONTINUE ON. _______________________________________________________________

*Note 1.

“Bottomless Pit”

As per latest news, Freddie Mac and Fannie Mae may be needing help on over $10 TRILLION of mortgages. Also Equity home loan defaults SOAR! This is greater than the GDP!!
……………………………………………………..

“EVERYBODY WINS”

Carmen Basilovecchio,
Broker/owner,
REMAX SOUTHEAST,
9804 S Military Trail E-10

Boynton Beach Fl.33436
1-800-284-8600
cbasilovecchio@aol.com

mylonglastname@aol.com

I am not an attorney,nor am I a mortgage broker,I can not give legal or mortgage advice(also a lousey speller and typist)
but I want to help as a real estate broker put an end to this crisis.
This information is not copyrighted and may be used by anyone.I claim it to be 100% original.
I ask anyone to question,refine,correct,any part of it.just keep “EVERYBODY WINS”
EMAIL ME : cbasilovecchio@aol.com

Please have someone,anyone check this out,IS IT POSSIBLE???
Please QUESTIONS??

Q&A:l
Q:What about homes already foreclosed?
A:Freddie Aff will purchase at Fair Market Value.Lender must have home in FHA approved condition.
This senario shows the true solution to the problem,IT CREATES A NEW END_ USER IT MAKES THE
HOME AFFORDABLE !!NOTICE:END_USERS -NO INVESTORS!!Those who got us here are the only ones now able to purchase(with low cost money)bidding 10-20% under fair market value using their greed to swing the pendulum the opposite direction from higher to lower!!END IT NOW!!!

Q:What about defaults at even this low payment?
A:There will be someone waiting to pick up the mortgage simply because even with this present debacle there is not enough affordable housing.As a matter of fact the defaulting homeowner may be entitled to 2/3rds
of shared appreciation!!!A second chance???

Q:the “State of the Union Adress” called for ‘State Bonds’.
A:O.K. “STATIE AFF” AN UNBELIEVABLE OPPORTUNITY LOST,ESPECIALLY FOR FL.AND CA.
WHAT THEY SEE AS A LOSS WOULD ACTUALLY BE A VERY LARGE GAIN IN REVENUE AS WELL AS
THE ELIMINATION OF THE COST OF AFFORDABLE HOUSING!!!
Q:What about homes already foreclosed?
A:Create new end users with these affordable rate loans.

DO IT ANY WAY YOU WANT,JUST MAKE SURE _______EVERYBODY WINS!

NOTE:03/14/2008

There is a direct proportional gain to the rate of the bonds.A WSJ report has a 62% chance the next rate will be at lease a .50% decrease and likely to be .75%.It is necessary to understand that even if the bonds that are used “like money” are even much lower then this example,we still use FIRST PART MORTGAGE @ 7%.The cause driven agency MUST make a profit to continue benefits,not a charity,not for greed rather to increase its CAUSE-AFFORDABLE HOUSING.

03/17 Can not wait till tomorrow! It is the low cost of funding that makes this plan possible!WOW!WOW The lower the cost of money the greater the Profit!!!!

Questions,Please.

03/17
MAJOR BANKING CRISIS:BEAR BOUNCED:WHAT IS SOOOO BAD OUT THERE THE FEDS ARE WILLING TO CREATE INFLATION THAT THEY WILL DEAL WITH LATER???THE LESSER OF TWO EVILS?INFLATION< THE OTHER IS THE WORLD has lost trust in the US banking system!!!!
03/18
Feds bail out bank with CHARITABLE GIFT FROM TAXPAYERS.I would have rather seen my method: a loan with a payback that is extremely affordable that covers cost and returns a profit!BUT WHO AM I???
03/19
WHO AM I is worried.The next bailout,like maybe ,the DUBAI PRINCE for ONE TRILLION DOLLARS?????
Carmen Basilovecchio
cbasilovecchio@aol.com
9804 S Military Trail E-10
Boynton Beach,Fl.33436

Basilovecchio Real Estate Florida

basilovecchio — Sat, 22 Mar 2008 05:29:44 +0000

Florida Foreclosure can be helped. Contact Carmen Basilovecchio. go to www.myforeclosureprocess.com

THERE IS A TREMENDOUS NEED for a new real estate service NOW!It’s estimated that over 14 million households will need this help within the next two years! SELLERS will especially appreciate our plan that allows them to SHORT SALE to anyone, EVEN THEMSELVES (if they wish to stay in their present home)AT NO COMMISSION-NONE, yes they bring no money to closing–NONE.
No listing commission, no commission to buyers agent!BUYERS will love the benefit of being able to purchase and move in within days, no longer the nonsense of being told no deal 60-90 days later!FREE INFORMATION>>>>FREE INFORMATION…….

Carmen Basilovecchio
Broker owner
Remax Southeast
Boynton Beach, Fl. 33436

REAL ESTATE PROFESSIONALS…..SIGN UP NOW!
This is a national program. We will need agents in every state.

Just because you signed up as a preferred agent you and you alone will receive the closest leads. Click on REAL ESTATE AGENTS!

Foreclosure specialists and information provided by clicking www.myforeclosureprocess.com

more info on: HUD foreclosure, bank repo, leads, real estate BPO’s, mortgage information.

basilovecchio

www.basilovecchio.com

Written 3/14

basilovecchio — Wed, 19 Mar 2008 23:47:54 +0000

HEADLINES 03/13(REVISED 03/14

_Stocks fall back as doubts rise over fed’s move!…Read 03/12′s comment”Feds insuring BAD loans..

_Borrowing money gets more difficult as lenders raise bar….Read 03/12′s comment”Bad loans will drive out good loans…

MY NEW HEADLINE:
US TREASURY gets into pyramid game!

SEEKS TO BORROW to become THE BIGGER FOOL
needed to continue the buying of the THE BAD LOANS!
WHO IS LEFT TO CONTINUE THIS ?WELL MAYBE THEY
WILL SELL GOLD RESERVES @$1500/OZ NEXT.

What happens to a loan when there is a realization
that the collateral is bad and default is a better way to go??
Until the loans are made WORTHY there is no solution.Until loans become AFFORDABLE,Until homes become AFFORDABLE the conclusion will be the same…A continuous nightmare.
Once again:
CREATE A CAUSE DRIVEN AGENCY THAT
RETURNS COSTS AND MAKES A PROFIT!!!

A BAILOUT THAT DOES NOT COST THE TAXPAYER!!!
A BAILOUT THAT MAKES A PROFIT!!!
At this rate we need to correct some numbers in the “Everybody Wins plan”

1.The tax exempt bonds to be @2.50%(instead of 2.75%)
At the rate the feds are going,projected discount rate to be 1%
this bond rate could even go lower,until of course you know
what will raise its ugly head.
2.Amount needed may now be $2 trillion(instead of $1 trillion)
The feds have bundled CDO’s with SIV’s!!!???
The bottomless pit shows its possible size!
3.Profit to be $120 billion.(instead of $35 billion)

Well maybe that’s some good news.It sure would ETERNALLY
make some great AFFORDABLE HOUSING!!!

You really need to examine the “EVERYBODY WINS” plan.JUST SO YOU PROVE ME WRONG!,
THE BENEFIT?NEVER AGAIN TO TYPE!

Carmen Basilovecchio
Broker/owner
Remax Southeast
9804 S Military Trail E-10
Boynton Beach,Fl.33436
1-284-8600
1-561-738-5188
cbasilovecchio@aol.com

Leap of Faith

basilovecchio — Tue, 18 Mar 2008 23:42:40 +0000

Subject: You are forgiven.I understand it would take a great leap of faith.

Yes it would take a great leap of faith to think that some poor fool could claim to be the author of the magic bullet that would solve the worlds financial crisis.Born in 1936 of Italian immigrants ,having just some college,what could I have been thinking of???
A plan that either the states or federal goverment would be fighting over to see which one would want to make billions and billions of dollars for their taxpayers at no cost and with no money needed.
The “EVERYBODY WINS PLAN”

Let me try to make it real simple!

The State or Federal government would issue Tax Exempt bonds.10 year bonds which after today,
could be a low as the discount rate,say 2.10%.

Let’s say one trillion dollars of these bonds are needed to exchange for all the bad home loans out there since 01/01/01. Not too high a figure because between the banks and Freddie Mac and Fannie Mae,I believe over twelve trillion is issured,underwritten.But one is good and believe it or not TWO trillion is twice as good.

Oh,come on let the idiot ramble!

Yeah,two trillion would double the profit.

The bonds which are not actually money are like a note promising to pay up in 10 years.And the State or Federal agency gets to use these bonds just like money for ten years,but it only has to pay $21 billion interest each yearper trillion dollars.
Sorry my zero key would malfunction if I used it numerically for these numbers,just too many!

Anyway that’s $210 Billion interest for 10 years if ONLY one trillion needed ,$420 if two.Crazy that,s enoughto start a war.OK,Gotya-The program would cost either$210 billion or $420 billion.
YES,execpt everybody wins and remember the newly created agency will cover its costs and make a profit!!
Now we get the banks to take these bonds to replace the bad loans on homes at FAIR MARKET VALUE!
GOD the man needs help!The banks will not take such a great offer at fair market value simple because if you are that stupid to pay Fair Market Value,They are not that stupid to take It!Afterall they can foreclose,lower the FairMarket Value and get 10 to 15 percent less!
Anyway we have a big stick that will MAKE them take the offer.I’m holding back because I want you to ask me,by email : cbasilovecchio@ aol.com
OK This profit(HA) making company now owns all these bad ,upside losing mortgages.At least home prices firm,Carmen has these idiots paying Fair Market Value!!Investor will hate him,no more bargains.

Now the NEWLY CREATED AGENCY DECLARES “THESE SHALL BE AFFORDABLE HOUSES,stop rioting in Boca Raton Fl.

we are going to make a special two part mortgage.

PART ONE: A 10 year fixed loan for 30% of the full amount paid for the bad loan!

CHRISTMAS IN MARCH,or is it MARCH MADNESS!

Well let’s hear this.OK for example we will use the figure of $100,000 because when illustrated,

What ever that does it will enable us to see what $200,000 will do ,easy that is times 2 and $300,000 would be times 3.
If the bad loan for $100,000 is purchased for $100,000 worth of 2.10% tax exempt 10 year bonds,
and a new loan is made for 30% of that amount,i.e. $30,000 for 10 years at a fixed rate of 7%

The PAYMENT ON THE NEW LOAN WOULD BE*** $348.30**P&I***FIXED 10 YEARS!!!

WOW,GOD WHAT HAVE I DONE!!!!

A $100,000 home made affordable with a fixed monthly payment of $348.30/month.

PROBLEM SOLVED-NEW PROBLEM CREATED-RIOTS BREAK OUT-NOT ENOUGH HOUSES
FOR THE PEOPLE!

IDIOT! Great plan but it loses $210 billion per trillion.

THAT’S the cost of the money!

DOUBLE IDIOT!! It also losses $700 billion the 70% just hanging out there not being paid back!

So much for the “EVERYBODY WINS”

But wait if you read this far I feel I am bound to tell you the MAGIC BULLET,the solution.

REMEMBER THIS IS A TWO PART MORTGAGE.(Go back and read the small print.)

PART TWO kicks in upon completion of the 10 year mortgage: anew 30 year fixed mortgage starts
That will have as a face amount the 70% of the Fair Market Value plus an additional 10%
of the FMV as a profit to the CREATED AGENCY so it may continue allowing affordable homes.
Go back and read the small print

The mortgage would be….$70,000 plus $10,000 that equals $80,000

the rate e.g., FIXED 6%….would make a FIXED MONTHLY PAYMENT OF

********$480/MONTH

THANK GOD FOR IMAGINATION! We turned a housing
Nightmare into a wonderful dream.

UN-AFFORDABLE HOME LOANS INTO AFFORDABLE HOMES.

LET’S DO THE MATH——–YOU GOTTA SEE THIS !

The 10 year note pays back the pricipal of……. $30,000………………………$300Billion
$11,796………………………$117Billion
$348.3 X 120…………………………………$41,796

The new 30 year loan returns…………………………$80,000………………………$800Billion

Total return …$1217 Billion

NOW THE FUZZY MATH toal plan cost $1,000 Billion

plus interest……$21 X 10…………………………………..$….210 Billion equals……….$1210 Billion

DAMN,you get back……$1217Billion

The numbers do not match.
You get back more.

Any Questions?

Carmen Basilovecchio
9804 S Military Trail E-10
Boynton Beach,Fl.33436
1-800-284-8600
561-738-5188
cbasilovecchio@aol.com

OK,I can’t hold back.You may not be able constitutionally to tell the banks to negate their valid contracts,but you can use
The big stick:The feds have only to give the banks a choice DOUBLE OR TRIPLE YOUR
RESERVES OR TAKE THE DEAL!!!
Oh,by the way,FREDDIE MAC AND FANNIE MAE could create FREDDIE AFFORDABLE!

Florida could lead the way

basilovecchio — Tue, 18 Mar 2008 23:40:56 +0000

FLORIDA COULD LEAD THE WAY!

California home prices PLUNGE in big counties…
CALIFORNIA LEADS!!FLORIDA FOLLOWS!!!then the nation
A better headline:

Florida leads nation out of housing slump!

This email is 100% original and all rights are freely given for
use in any way or manner as desired by receiver.

A CAUSE DRIVEN AGENCY THAT COVERS COSTS AND
MAKES A PROFIT SO IT CAN CONTINUE!!
THIS CAUSE IS AFFORDABLE HOUSING!

HOW IT MAY BE POSSIBLE TO SAVE
THE AMERICAN DREAM!

ANNOUNCING THE POSSIBLE FUTURE BIRTH
OF “FLORIDA AFFORDABLE HOUSING LOAN CORP.

A plan to end foreclosure and short sales
thru a charter agency, turning the defaulting
loan into an AFFORDABLE HOME LOAN.
A loan modification plan that has NO cost
to the taxpayers. NOT A BAILOUT!

A cause driven agency that covers costs
and makes a profit.
Not a charity,rather a repeating businness venture.
NOTE:Thank You Dr.Yunus!,for your inspiration.NOBEL PEACE PRIZE WINNER 2006

Call 1-800-284-8600
email
cbasilovecchio@aol.com
Carmen Basilovecchio
Broker/owner
Remax Southeast
9804 S Military Trail E-10
Boynton Beach Fl. 33436
__________________________________________________________

THE EVERYBODY WINS PLAN
TWO PART MORTGAGE

PART ONE:

A 7% fixed rate mortgage with a 10 year amorization.,30% of the full note, up to but not to exceed 100% of the Fair Market Value.This part will allow a profit and create equity.
EXAMPLE:………………………………. A
.FAIR MARKET VALUE………………..$100,000
LOAN AMOUNT……………………………$30,000

10 year Fixed payment@7%__________________$348 P&I…..

YES,the payment would be $348 per HUNDRED THOUSAND.

PART TWO:

A prevailing fixed rate mortgage for 30 years. It is for the other 70% of the full note,plus a shared appreciation better word would be AGENCY PROFIT of 10% of original note,this amount is retained from the P&I paid back from 10 year payments.

Balance of loan………………..$$$70,000
SHARED APPRECIATION………………$10,000
30 Yr LOAN@6%(prevailing)……….$80,000
PAYMENT, fixed P&I. II._________$480 P&I

NOW THAT’S
AFFORDABLE HOMES!!!

Special note:

PLEASE SUBSTITUTE STATE FOR FEDERAL—This is if FEDS do not actand State has to lead!

******************************

DONE DEAL!! WHOA!70% of the money needed has a cost for 10 years!!!

HOW is that FUNDED AT NO COST TO TAXPAYER?????!!

The federal agency

(I will call “Freddie Aff” — as the Federal Affordable Housing Agency) will issue the new mortgage, PRINCIPAL AND INTEREST MONTHLY PAYMENT OF ($348/100,000) .

At the end of that term the new 30 year mortgage starts AND THE BORROWER will have EQUITY IN THE HOME OF $20,000,that portion of the principal paid back.WITH $10,000 (10,000/$100,000)being paid as shared appreciation,profit.Example Uses 6% as prevailing rate. for the 30 yr. mortgage..

New amount of remainder balance @ $70,0000,PLUS THE SHARED APPRECIATION becomes a new mortgage for $80,000 which creates a new principal and interest FIXED PAYMENT of $480.($480 /$100,000)

“Everybody Wins”

Freddie Aff would be funded by the sort of called for “State of the Union Address”

STATE AND FEDERAL TAX EXEMPT BONDS.

Bonds would be for 10 years with a rate of 2.10%.TAX EXEMPT. That rate is equal to the possible Fed Discount Rate.NOTE 03/17,this rate could be @2.10 the way the feds are headed)) The bonds may be issued in the amount required to resolve this current problem of defaulting or soon to be defaulting mortgages.Any Mortgage set since 01/01/01. This amount has been called a bottomless pit. (1)*

We will use the sum of ONE TRILLION DOLLARS as our example. Yes, $1 trillion.

The amount alone would cost $21.5 billion a year in interest payment alone. How can a $215 billion 10 yr.cost make the tax payer a winner? Isn’t this a disguisted bailout?

NO, Freddie Aff will not be redeeming the bonds for 10 years, It
WILL BE INVESTING THE BONDS!NO NEW MONEY IS REQUIRED BECAUSE THE BAD LOANS ARE PAID BY THE 10 YEAR BONDS!

THE BOND IS USED TO PURCHASE THE BAD LOAN!FREDDIE AFF as an AFFORDABLE HOUSING INVESTOR will receive 7% (the fixed interest rate) gain on Fair market value when it sets the new loan.Also Freddie Aff will receive as a return on its investment 1/3 of 30% of the money borrowed. Remember: First part of payments are @ 7% interest based on 10 year amorization. Freddie Aff will receive $21 billion in interest from the new mortgages(7% of 300 billion)each yr.Returning $210 BILLION. for the 10 yrs…A LOSS OF COST TO OPERATE BILLION will not be acceptable if you say “Everybody Wins”.

O.K., thats what part one does. Now what does part two have built in?
Remember the SHARED APPRECIATION?

That comes to 1/3 of the pincipal paid back.That is 1/3 of $300 bilion dollars.That is $100 billion dollars.That pays the $65 billion shortfall and leaves a PROFIT OF $35 Billion. so Freddie Aff can continue making
AFFORDABLE MORTGAGES FOR AFFORDABLE HOMES.
A CAUSE DRIVEN AGENCY THAT COVERS COSTS AND RETURNS A PROFIT SO IT MAY CONTINUE!!!!!
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A CAUSE DRIVEN AGENCY THAT RECOVERS COSTS AND MAKES A PROFIT!!!!
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*Note 1.

“Bottomless Pit”

Very tricky-smoke and mirrors-the taxpayer is still a loser, it’s still a bailout! The bonds are tax exempt,this is a loss of tax revenues. However, this program may return more to the taxpayer than it pays out. The individual taxpayer will benefit more than the bond holders. There will be an immediate stablization of home values a/k/a/ tax base. The base has been devalued close to 20% that’s a serious reduction in the amount of revenue income for states even needed now to pay their present bills. At the present rate of home values the only way the amount needed can be raised is-? RAISE THE TAX RATE??
This plan will raise the value of homes. It will stop foreclosures and short sales which reduce the value of ALL homes. 7.5 million homes are believe to be possible for default within the next 2.5 years for a further devaluation of over 25%. Freddie Aff instantly increased value by loaning at Fair Market Value!

This makes the other 90% to 94% of the homes not in trouble more valuable and stops any further decline in price because the excess inventory is depleted!

ALSO,The state and federal government is now spending billions and billions of dollars for AFFORDABLE HOUSING. That money can now be re-directed to education or health services. (Since everybody KNOWS they will not give the money back, at least they may use it better).

“EVERYBODY WINS”

Hopefully we can see the borrower, taxpayers, Freddie Aff, all WINNERS.

LENDERS will say they are being made losers. Some would really like that, but this program is “Everybody Wins.” Lenders will initially lose 10% to even 25% as markdowns and losses because they are only given a maximum of 100% of TODAYS Fair Market Value, for even they may have needed 130%-150% of FMV!
BUT THEY WILL BE ABLE TO AFFORD THEIR LOSSES NOW AND STOP FURTHER LOSSES!
The Lender is allowed to make up this shortfall because the lender will be allowed to make money on the billions of dollars the federal reserve makes the lender set aside. This SET ASIDE MONEY could be double the defaulting loan amount. This means the lender can put an estimated TRILLION dollars to work at what? 5%-6%-7%.

That would be a PROFIT DOUBLE THEIR EXPECTED LOSS!!! , How do you calculate that percentage gain??

You can’t make the banks accept their loses now, even if you are saving them from self-destruction.
Correct,but Freddie Aff will purchase their loans if they ASK Freddie Aff to do it,
and they accept the tax exempt bonds.
WHY Would they do that?The Frederal Reserve MANDATES the amount the lenders must hold in set-aside and loss markdown funds.The lenders that accept FMV will be released from holding “set aside” money thereby allowing them to use billions to make profits,OR the FEDERAL RESERVE could mandate, as it is allowed to ,SUBSTANSUALLY INCREASE the SET ASIDE AMOUNT for lenders that retain defaulting loans.(?DOUBLE?)Now which option do you think the lenders would choose?
Ccreating that MAGIC BULLET that turns bad mortgages into AFFORDABLE Mortgages! be RATED AAA+ when 10 years from now the 30 year mortgage with

MORE THAN 20% DOWN,with a borrower that has a 10 year payment record, enters the market place.Now who would want that loan?

“EVERYBODY WINS”

Carmen Basilovecchio,
Broker/owner,
REMAX SOUTHEAST,
9804 S Military Trail E-10

Boynton Beach Fl.33436
1-800-284-8600
cbasilovecchio@aol.com

mylonglastname@aol.com

I am not an attorney,nor am I a mortgage broker,I can not give legal or mortgage advice
but I want to help as a real estate broker establish Fair Market Value,put an end to this crisis.
This information is not copyrighted and may be used by anyone.I claim it to be 100% original.
I ask anyone to question,refine,correct,any part of it.just keep “EVERYBODY WINS”

Please have someone,anyone check this out,IS IT POSSIBLE???
Please QUESTIONS??

Q:What about homes already foreclosed?
A:Create new end users with these affordable rate loans.

DO IT ANY WAY YOU WANT,JUST MAKE SURE _______EVERYBODY WINS!

50/50 chance fed discount rate could drop to 1%
Bottomless pit may soon be defined as over $14 TRILLION because the feds have now

included FREDDIE AND FANNIE!
note:03/17 “The FEDS are at a 70% chance to lower the RATE to 2% and a 50% chance to lower it again.DOUBLE THE PROFIT LINE!!!!BUY NEW CONSTRUTION AS AFFORDABLE HOUSING

MY PERSONAL FEAR IS THAT THE FEDS ARE PUSHING THE ENVELOPE ON INFLATION__BECAUSE IT IS THE LESSER OF TWO EVELS***Bank failure,no, giant multinational bank failure vs.inflation.
STOP the first then take care of the second one later.If the first occurs,namely the world losses trust in the banking system there will not be anything left!

MY FINKER HURTS!NOTE I SAID MY FINGER.Please forgive all the needed correction,as a matter of fact PLASE CORRECT ANY WAY YOU WISH,just make “EVERYBODY WIN”!