Beltran Properties

The Informed Homeowner May 2010

We have received a lot of response to this principal reduction program. There are also a lot of questions. There has been a lot of research on the web, and we would loke to address one of the main concerns.

Lisa from Valley Springs writes: "I am a little nervous about NLHC as a group/company. I've done as much research as I'm able to and while no one will call them outright fraudulent, no one steps forward to say "they helped me" either. There are no stories of their completed sales out there, only posts of people "still waiting to hear" and several of them have been waiting for months. "

Lisa, I read the same blog, and had the same concerns. I found that hedge funds do this all the time, but not so openly. I am yet to hear of a success locally, but we are in the very beginning of this option. I feel confortable in this program (note: author is a client, too) even more so than trying to (continue to) work with the bank.  The hedge fund has the best incentive to complete the transaction-profit. The banks never had that incentive-they made their money from you, and from the feds, and never from helping you.

We would like to also note that the dates on most of those blogs are pretty old, internet wise, but if you look further back there are positives. Remember the site is called "rip-off" so why would you really see any positive blog if they did no feel disgruntled?

And this program has said that they need at least 60 to 90 days to complete, but with all the response, you can understand the delay. We will say they are expanding their program to cover as far as short sales, trustee sales, and REO's and have an excellerated division for these 11th hour issues.

Please forward all questions to our email address, and we will respond.

thanks