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ProCouncil™ Advisory HotNeutral Default Referral™ HotNeutral™ products like OptInMods™ will be used by lenders/servicers under a “confidential and neutral” OptInSettlement™ program offered by major lenders, servicers and consumer counselors to negotiate interest, principal reductions (Shared Built In Equity Mods™) and repayment terms. DefaultReferral™ will be used to coordinate the referral of OptInMods™ and OptInSettlement™ programs from lenders, servicers and foreclosure attorneys as an alternative to foreclosure. New Default Servicing Product Release for 2008 DefaultReferral™ is expected to be an alternative to the old foreclosure-first approach, pre the 2007 mortgage meltdown. DefaultReferral™ uses other HotNeutral™ loan modification products and the expertise of expert special default servicers and coordinated through the HotNeutral™-AFN® network. HotNeutral™ (A Limited Liability Division) - HotNeutral™ (www.hotneutral.com) is proprietary “neutral” alternatives to conflicts inherent with in-house or affiliated Modification workouts, Foreclosure Attorney Modifications, B.K. Foreclosure & Administration Compliance. We mitigate Litigation and Operational Risks with Banking, Credit, & Mortgage Products and Services. As recent laws, regulations and cases have greatly enhanced liability exposure, the need for voluntary resolution of such issues or lawsuits is now paramount. Opt In Safe Harbors™, Opt In Settlement™ and Litigation Free Zone™ can provide the framework to such resolution and mitigation. The Master Licensee of HotNeutral™ products and services is ProCouncil™ (www.procouncil.com). |