Press Release on 10/19/2009

Kevin P. Nguyen, owner of Equity Zone Mortgage, announced this morning on their company’s web site, www.EquityZoneMortgage.com, that Equity Zone Mortgage has partnered with WeFit2U, Inc. to offer homeowners the most comprehensive way to modify their home loan and avoid foreclosure.

President of WeFit2U, Inc. Christopher Vincent stressed the importance of retaining a firm that provides legal representation to loan modification clients. “There are a lot of chop-shop firms out there looking to make a quick buck” said Vincent. “Choosing a loan modification firm that provides legal representation is critical; without it the firm is operating illegally.”

Mr. Nguyen, who serves as an operating officer with Equity Zone Mortgage, adds that “providing the client with an honest assessment of their financial situation is the first step towards a successful mortgage modification; the second step is working with an experienced attorney. We are proud to be working with WeFit2U Loss Mitigation Services to best serve our clients during their very stressful and very emotional struggle to avoid foreclosure.”

To speak with a loan modification and debt settlement specialist call (866) 538-6489.

Thank you for contacting us to discuss possible options that we might have available for you to refinance your current home loan. Due to declining home value nationwide, most homeowners are left with very little, none, or negative equity in their homes. This scenario will not allow even the most well-qualified, "prime" borrower to get approved for a new home loan to take advantage of today's historically low interest rate; restructure their loan to more favorable terms; or simply to get caught up with their monthly bills. With that said, should Equity Zone Mortgage not have a loan program that will allow us to refinance your current home mortgage then an Attorney-Backed Loss Mitigation Services may be your mortgage planning solution.

WHAT YOU SHOULD DO NEXT: You should contact your lender(s) directly to discuss your options. Most lenders have a Loan Servicing Department or a Homeowner's Assistance department that is there to help you make an informed decision.

HOWEVER, if you decide that you are NOT willing to take the time and endure the possible frustration of doing it yourself, then you should hire a professional to negotiate on your behalf, which we strongly recommend. Equity Zone Mortgage has partnered up with WeFit2U, Inc., an attorney-backed Loss Mitigation Services company, that you can hire to help you successfully negotiate a modification of terms and conditions to your current home loan.

Typically, two or more of the following are achieved:

1. Payment Reduction

2. Interest Rate Reduction

3. Principal Balance Forbearance

4. Principal Balance Reduction

5. Convert to Fixed Rate

6. Repayment Term Extension

7. Prevent Foreclosure

8. Eliminate Delinquency

9. Be "current" with your mortgage payments

Do note that No Fees will be rendered until the file is reviewed for predetermination of the likelihood of a successful loan modification with your current lender(s) and that the service has been performed fully.

Please call us at (866) 538-6489 if you have any questions, or if you would like to get started right away—one of our Mortgage Consultants will schedule an appointment for you with one of WeFit2U's Attorneys or Resolution Consultants.

TO GET STARTED, YOU WILL NEED TO GATHER THESE DOCUMENTS:

 Most Recent Two (2) Months Pay Stubs for Each Client

 Most Recent W-2’s for Each Client

 Last Two (2) Years Tax Returns (Must have ALL Schedules if self-employed or have rental income)

 Most Recent Two (2) Months Consecutive Bank Statements (All Pages)

 Mortgage Coupon & Correspondence (fax covers, letters, Taxes and Ins.)

 Homeowner Insurance Declaration Page

 Current Property Tax Bill

 Other documents may be requested at a later date

If You Were the Victim, You Now Have the Power!
Let WeFit2U Loss Mitigation Services help you with your Forensic Loan Audit

Add Power to your Loan Modification Proposal with our Attorney's Prepared Forensic Loan Audit

Predatory lending violations ran rampant through the mortgage boom as brokers and lenders hired under qualified help. It’s believed that over 88% of Loans between 2001 – 2006 had either RESPA (Real Estate Settlement & Procedures Act) or TILA (Truth in Lending) violations. These FEDERAL VIOLATIONS (enforceable in every state) are taken very seriously by our judicial system. Lenders do not want to face litigation, especially when they know that they are going to lose.

Have our attorneys perform a forensic review on your loan documents and stack the deck against the lender when negotiating your loan modification. You only have one shot at a loan modification, make sure you do it right.

· Signed Note --- Required

· Deed of Trust --- Optional

· Signature Name Affidavit --- Optional

· Initial and Final Good Faith Estimate (GFE) --- Required

· Initial and Final Truth In Lending (TIL) --- Required

· Final Settlement Statement (HUD-1) --- Required

· Transmittal Summary 1008 --- Optional

· Loan Application 1003 --- Optional

· Appraisal Report (Optional)

WeFit2U, Inc is the largest internationally recognized servicing corporation of it’s kind. With a diversified assemblage of complimentary divisions in different industries, WeFit2U is able to fit any need, anywhere, for anyone. The key to WeFit2U’s success stems from a dedication to excellence and acute attention to detail. With our award-winning customer service, we hope to share our success with our clients. Our experienced, hard-working, and skilled staff are ready to assist with a service that fits to you!

WeFit2U Loss Mitigation Services's core mission is to work with homeowners and their lenders to avoid foreclosure and keep people in their homes. For lenders and servicers, we strive to expertly deliver insightful strategic loan workout services that provide clients with cost effective solutions for resolution of non-performing assets.

We are deeply committed to personalizing the loan workout process, thus bridging the gap between homeowners and lenders in every aspect of our work. It is what distinguishes us in the marketplace.

WeFit2U enables mortgage bankers, brokers, investors, servicers, government agencies and law firms to outsource loss mitigation, decrease risk, increase closing capacity, reduce errors and protect loan profitability by outsourcing process-intensive back office functions while focusing on productive origination and sales strategies.

Focused on delivering business process improvement to the mortgage industry through its time-tested and proven back office methodologies, WeFit2U emphasizes attentive customer service and the use of its powerful experience, knowledge and technology to accommodate its customers unique mortgage processing, closing, mortgage compliance and mortgage lending business objectives.

In addition, WeFit2U works with industry leaders in their respective fields (documents, compliance, fraud, etc.) to provide the best all-round back office management and support to ensure quality work.

How do Banks and other Lenders perceive Loan Modification? Would they rather foreclose?
Banks DO NOT prefer foreclosure to a reasonable, workable loan modification. Contrary to public image, banks are not looking to scoop up all the homes they can find. They have more real estate in their portfolios than they can handle.

The average foreclosure costs the mortgage lender $50,000 and in today’s economic market the number of foreclosures is growing at an alarming rate. It is almost always in the lender’s best interest to participate in a loan modification program. As an experienced loan modification and loss mitigation company, WeFit2U have worked with all of the big lenders and the reception we get is almost universally receptive and positive.

Overview

At WeFit2U, Inc. we have an extraordinary team of professionals who work together to represent you and your needs. We are Real Estate Attorneys, Mortgage Bankers, Brokers, Financial Services Specialists with Securities Licenses, and experts in the Loan Modification process. Most of us have had extensive background checks by the Department of Justice and the FBI in order to perform the specific duties our Licensure gives us. We are a formidable group of dedicated professionals serving client needs in maintaining property ownership.

We specialize in working with your lender, or lenders, to restructure your current loan(s) by providing you with a unique, professional plan that you and your lender can accept. We fully understand the serious nature of your problem and are aware that you may only have a short time to overcome the real possibility of losing your home.

One reason to obtain a Loan Modification from your lender is because your current loan has unaffordable rate adjustments on your adjustable rate mortgage. The earlier you address the issue, the better the chances are of negotiating a fixed rate Note with a payment that is manageable. If you can afford your home and just not your mortgage, then you may be eligible for a Loan Modification.

Unfortunately, homeowners who try to work directly with their lender have a failure rate of over 80% when representing themselves, or using one of the private or government programs available to help homeowners. Our experience within the Loss Mitigation Departments of major Mortgage Companies and Loan Servicing Companies gives you the advantage needed to secure a plan you can live with. At WeFit2U Loss Mitigation Services, we are the experts! We are familiar with the landscape and put the Law on the side of our clients. Hence, we restructure your loan according to your needs and not the banks blanket policies. We customize your loan restructuring based on your particular financial profile, Forensic Audit findings, our expertly prepared Cost-Benefits Analysis of Foreclosure Cost to your lender, your HUD Guideline Hardship, and our expert understanding of financial principles. This breadth of knowledge and preparation, on your behalf as our client, is a formidable team advocating for your needs as well as your rights under the LAW.

We can overcome most every objection from the lender with our Forensic Loan Doc Audit. This is what makes our service to the consumer superior to other modification companies. The Forensic Loan Doc Audit is used to gain leverage in Lender Negotiations. Our Forensic Audit reveals Various Federal and State violations on your current loan documents 90% of the time. Our #1 Goal is to find these violations and use them! You may not be aware of this, but if violations are found you may be eligible for complete relief from the loan you are in. This is known as a Loan Rescission. This means your lender must give you back all the payments you made on your loan since its inception!

Avoid Foreclosure Scams

Foreclosure "rescue" scam artists typically work with no contract and want cash up front: They will ask you to surrender your Deed (sign your deed over to them) and tell you that they will rent your house back to you. They tell the consumer that in a few years they will let you buy your home back from them. If you do sign the Deed over to them, you have lost title and they will typically evict you so they can rent your home to another party. They often sell your house for any equity they can extract. Do NOT deed your house over to anyone! At WeFit2U, Inc. our representatives will NEVER ask, or require, you to sign your Deed or vacate your home. We work with a contract and do not accept cash payments.

Frequently Asked Questions

I went to my lender to modify my loan and when I got the final papers from them on a modification they offered me, I had to sign papers that I held them harmless for any damages that might have been done by them against me. Can they do that?
Most lenders have a ‘Hold Harmless’ clause you must sign. This prevents you from seeking remedy should you discover they violated your consumer rights or committed fraud with their Truth in Lending, RESPA Disclosures and any underreporting of interest payments and your Annual Percentage Rate (APR) This document protects your lender

What is Loan Modification?
Loan Modification is a procedure in which a loan's terms, like the interest rate, the monthly payment or the term to repay, are changed to meet the current situation of the homeowner. All of this is done with the approval of the lender. In other words, we at WeFit2U Loss Mitigation Services negotiate with your lender to change the terms of your loan (like the interest rate, monthly payment and length of the loan), to allow you to keep a lower monthly payment, maintain home ownership, and save your credit. At WeFit2U Loss Mitigation Services we oftentimes negotiate down the remaining loan balance.

According to Investopedia:
A Loan Modification Agreement is different from a Forbearance Agreement. A Forbearance Agreement provides short-term relief for borrowers who have temporary financial problems, while a Loan Modification Agreement is a long-term solution for borrowers who will have continued difficulty or never be able to repay an existing loan.

Is Loan Modification right for me?
If you are you one of the millions of Americans with an Adjustable Rate Mortgage, a Negative Amortization Mortgage that is about to re-set to a higher monthly payment, or you have negative equity in your property then a Loan Modification is probably the best solution for you. Since most folks who obtained Interest-Only and Adjustable Rate Mortgages don't have much equity in their home, it will be next to impossible for them to refinance. Short-Sale or Forbearance Agreements is not a good option because they have negative tax and credit history consequences associated with them. A Loan Modification procedure does not have any negative credit or tax consequences! This makes the Loan Modification superior to any other option out there and is very consumer friendly! A Modification allows you to keep your home and keep making lower payments that are affordable and keep you and your family in your home.

What happens in a Loan Modification Procedure?
In a Loan Modification procedure, your loan's terms, like the interest rate, monthly payment or the length of the loan, can be renegotiated to match what you can pay. So if you can't afford to make higher payments on your mortgage, we negotiate with your lender to keep the lower payments. We do what it takes to make sure you can face the future with a mortgage you can afford to keep you in your home.

Can I Do This Myself?
There is a very small chance a borrower could pull off a Loan Modification or pay rate reduction with the ability WeFit2U brings to the table for the consumer. On your behalf, we are aggressive. On your own, when the consumer approaches the bank or lender, they have to meet the terms of the lender and often times work with employees who don’t understand consumer rights, and have no formal education regarding finances and money. After all, they are bank employees with job descriptions to follow. As many borrowers know from experience, there is a thick layer of resistance at mortgage lenders to any suggestion of a workout from the borrower directly. They will listen to your lawyer though. Especially when we put the Law on YOUR SIDE! If the lender forecloses on your home they will be the owner and they will sell your home and pocket any equity. They will use everything you say against you. They will want lots of cash down to do a Forbearance Agreement payment plan you can't afford. You lose the cash and your home. We are attorneys and retired bankers and know your rights. We will protect you and your home! Your package is put together to meet the HUD Hardship Guidelines by our Broker who is an Industry Professional with 30 years in the business. It is a big difference and our results bear this out.

Isn't this the same as Debt Consolidation or Refinancing?
NO! This is not debt consolidation. And this is not an offer to refinance from a mortgage company. It's a shame to see so many debt consolidation companies out there that claim to help people but really end up just taking their money. Most debt consolidation procedures available consist of just putting everything a person owes on a credit card, trying to negotiate a better rate, charging a high fee and calling it a day. As mentioned, for a person to refinance in today's market, they would need to have quite a bit of equity in their home, and since home values are so much lower due to the declining market place across America; this is next to impossible for most people. Plus, the days of stated income loans are gone. Not many consumers can provide 2 years of tax returns and qualify under the restrictions and guidelines for full doc loans. Even FHA is full doc! And our low, flat rate fee is by far 5 to 7 times less expensive than a refinance!

What do you need from me to get the process started?
Typically we ask for some details about your financial situation, your income, how much you owe on your home and other debts. In order to represent you we need a signed contract to do so and payment by a Cashier’s Check. We prepare detailed paper-work for the lender demonstrating your inability to pay a higher monthly payment on your loan. We then renegotiate the terms of your mortgage through the Loan Modification process, to allow you to keep a lower payment. We produce, on your behalf, a superb package that meets HUD and Federal Guidelines to obtain a Loan Modification.

How long does the Loan Modification procedure take?
There is no exact answer. Generally, the process can take from a few weeks to a few months. It depends on your particular situation and circumstances. If a government guaranteed loan is involved (FHA for instance), the process will take longer to work out. Fortunately, most lenders will work quickly to approve a Loan Modification program once they have received our expertly prepared package. Most lenders will postpone the sale of your property if they have received a complete package at least two to three weeks before the sale date. We usually complete the Forensic Audit of your Loan Docs within 5 business days. We package and prepare the Loan Modification request immediately thereafter. It usually takes about 30 days to obtain the Modification; however, some lenders take a bit longer than others. We never delay the process and you will have a dedicated professional whose job it is to make sure the Lender is responsive to your needs. The sooner we take care of you the sooner we can all take a deep breath and relax.

Is it true I may be able to skip payments during the modification process?
Yes, most of our customers find it to be a huge relief that we are usually able to capitalize at least 2 months payments in the process of the modification. We do not advise you to stop making payments, but many clients make this decision on their own, or are already behind in payments when they come to WeFit2U for relief.

Are lenders and banks willing to go through this process?
Most homeowners don't realize that lenders and banks DO NOT WANT TO FORECLOSE ON YOUR HOME. In the current market, they will lose money by taking your home and trying to sell it. The majority of lenders are very open to the Loan Modification process. We consistently tell our clients that Loan Modification is an emerging option to Foreclosure that benefits homeowners and lenders alike. It is a Win-Win solution to some very trying times for all.

Will I have to meet with the Bank/Lender or deal with Paper-work?
Absolutely not! At WeFit2U we take care of all of the paper-work for you, so you don't have to worry about the red-tape and negotiation associated with the process. You will never have to visit your lender, or bank. We do all of the leg-work for you and will fight to reach the ultimate goal of keeping your home, and arriving at a monthly mortgage payment you can afford. Our team of expert consultants will explore every possibility to save your home and credit rating.

Do I have enough time to stop my foreclosure?
It is important to check the state laws pertaining to your situation, but know that time is your worst enemy in these situations! Stopping your foreclosure, in many ways, has to do with you taking charge of your situation and acting now! There are some required timelines involved, like getting a loan work out, loss mitigation started, document preparation, and other time sensitive items. All of this requires time. If you're worried about having enough time to stop the foreclosure, then call right now. Don’t delay. Time is not on your side and your home is on the line. You need to be highly risk averse at this point. Put WeFit2U Loss Mitigation Services to work for you NOW!

How successful have you been in other cases?
We have a very high success rate, simply because we fight for the client, not the lenders. We are Real Estate and Finance Professionals with decades of experience dedicated to helping you save your home and your credit. If we think your situation is beyond remedy, we will tell you right away. We know you're used to getting your hopes up only to be let down later. We want to be up-front and honest with you. If we accept your case, we will explore every possibility to save your home and your credit. We find serious violations in our Forensic Audits 90% of the time. We combine this with your file structured to meet HUD approved Hardship Guidelines which makes it difficult for a Lender to turn down our proposal. Remember, we put a Law Firm on your case so you have highly skilled and Licensed Professional advocating for you. And none of us like to lose!

How does the cost of a modification compare to a refinance?
A loan modification is less expensive by far! We are able to correct issues that are causing the consumer problems with their mortgage at about a fifth the cost of a refinance. No Broker to pay, no escrow and title, no underwriting and processing fees, and none of the other fees that add up to thousands of dollars in charges to the consumer."

Will my credit report be pulled?
There is no need to pull credit. The modification is not based on your credit score, but the consumer’s ability to pay back the loan at the modified terms. We work with people to restructure their loan rate and terms in order for them to maintain home ownership with a mortgage payment they can afford.

If I am unemployed, is that an issue with the bank?
Employment is not necessarily an issue. However, income is what determines how we restructure the loan terms. In underwriting a conventional bank loan, you are not allowed to use income form renting rooms in your house. But we can use it in the modification process. We can also use income from outside sources that help the client make payments. It can be child and spousal support, unemployment and disability payments, gift funds, and other sources of revenue the client receives that might not be considered in underwriting but is allowable in the modification of the loan. All we do is show that our client has the ability to move forward successfully with mortgage payments once the loan is modified.

Will my loan start again at year 1?
We don’t have a set template. We do, however make sure you can keep your home at a rate and term that gives you an affordable mortgage payment. It may mean we start all over in terms of pay back time and we may have to customize that time frame to a 30 year pay back, or even a 40 year amortization. Our goal is to make sure you can move forward successfully and not have problems paying your mortgage on time.

What are some of the benefits of a Loan Modification?
Reduced cost is a big benefit to the consumer.

We are able to have back payments forgiven or added to loan balance

We are able to reduce loan balance in property that is upside down in value

We help people out of negatively amortizing loans (pick-a-pay and option arms) and give them fully amortizing loans at low fixed rates

We help people out of adjustable rate mortgages that are making it impossible to pay the full monthly payment. Converting to a fixed rate stops escalating monthly payments.

There is no underwriting with a Loan Modification

We perform a forensic audit on loan docs and find violations 90% of the time. This puts the power of the Law on the client side when requesting a modification.

We perform a Cost-Benefit Analysis to show the lender it is less costly to modify your loan than to foreclose and try to sell in today’s market. We provide the lender with factual information on the cost (to them) to sell your property for less than the loan balance. We calculate the projected sales price and factor in the payment of a 6% commission, 3% of the new buyer's closing costs and the cost to their legal department to foreclose. Marketing time can exceed six months and take up to a year in some instances. All the while no loan payments are being made to them. We remind them the new buyer will have difficulty qualifying for a loan in today’s market conditions.

We stop the disruption to the family unit.

We prevent neighborhoods from declining further in value due to foreclosures.

We keep property tax revenue being paid so communities are not devastated further.

Can you skip a payment during the process?
Yes you can. Most do. Some don't. It is a decision the client makes.

When is it too late to modify a loan?
We cannot modify a loan once the client has lost the property to a Foreclosure Sale or Auction. We prefer to get a file no closer than one week out from the scheduled sale date. However, we have saved people's homes from a Foreclosure Sale when they were only 3 days away from auction. It is not what we like to do, though. We do not want to take money from the consumer, do the hard work to stop the sale, and then not be successful. Also, we do not want you to be the first client this happens to. This type of scenario is treated on a case by case review. A sale date closer than one week is an exceptional case to take on. We have been successful, but it is very difficult.

What type of loans need modification?
Any loan that is difficult to pay. Any loan with an interest rate over 5%, and any and all adjustable and negatively amortizing loans. People who have 15 year pay back schedules might be less stressed with a 30 year payment schedule and the resultant lower monthly payment. If your loan has a balance greater than the value of the home, we can help. We assist the consumer with any loan that is unmanageable in today’s trying times.

What do you change on the terms of my existing loan?
We change your current note into a rate and term you can afford to keep your home.