FTC MARS DISCLOSURE
MORTGAGE ASSISTANCE RELIEF SERVICES DISCLOSURE
The following disclosures are being made pursuant to the Federal Trade Commission's Mortgage Assistance Relief Services ("MARS") Rules (16 C.F.R. Part 322). We must make these disclosures to you by law.
IMPORTANT NOTICE: Before using this service, consider the following information:
Solutions Real Estate does not and cannot charge you any upfront fees in conjunction with negotiating a short sale of your home or for providing you any other type of mortgage assistance relief service.
Solutions Real Estate is NOT associated with any government agency or program, and our company is NOT approved by the government or your lender(s).
Even if you accept this offer and use our service to negotiate a short sale of your dwelling, your lender may not agree to change your loan or approve the short sale.
Solutions Real Estate is not and will not provide you with legal advice or representation. Our company is not a law firm.
At this time no one knows how long it will take to complete the short sale. There is no guarantee that the short sale or any other type of mortgage assistance relief service will be approved by your lender(s).
You may stop doing business with us at any time with regard to the short sale and our short sale negotiation services that are being provided to you by us.
You may accept or reject the offer of mortgage assistance, including the short sale approval that we may obtain from your lender or servicer. If you accept the offer, we will earn a commission/commission for real estate services provided to assist you with the sale of your property, payable at close of escrow. The commission amount will be approved by both you (the Seller) and your lender that is payable out of escrow ONLY upon the close of escrow for short sale that you and your lender have accepted. This commission, the exact amount of which we cannot determine until the close of escrow, will typically be between 1% and 7% of the total short sale purchase price, and will be listed on the HUD 1 closing statement.
If you stop paying your mortgage, you could lose your home and damage your credit rating.
Any decision to stop or limit communication with your lender should be determined by you and your legal counsel in accordance with the Fair Debt Collection Practices Act.
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