HBN Interactive Acquires Leading Online Foreclosure Help Site

Posted on April 8th, 2010

Latest Acquisition Extends Consumer Reach of Company’s Real Estate Vertical

MARIETTA, GA- HBN Interactive today announced the acquisition of IAmFacingForeclosure.com, a leading foreclosure help website.

IAmFacingForeclosure.com has grown by 200% during the last two months and is projected to have well over 500,000 UVs (unique visitors) in 2010. This growth is driven by the site’s collection of foreclosure help experts and foreclosure assistance companies.

“This is a hot area,” said Duane LeGate, CEO of HBN Interactive. “Foreclosures continue to plague the real estate market and there are no clear cut solutions for homeowners. Our mission at IAmFacingForeclosure.com is to is to walk the homeowner through the minefield of options and provide them with the service(s) and advice that best suits their personal situation.”

IAmFacingForeclosure.com is a perfect compliment to HBN Interactive’s portfolio of real estate related companies. Some of which include: HouseBuyerNetwork.com which focuses on short sales on behalf of the homeowner, SellMyHouseFast.com which introduces homeowners to quick sale solutions, and ~4,000 other real estate web properties with related resources. Since its establishment in 2004, HBN’s real estate vertical has expanded from a single website to include over 4,000 principal websites which consist of millions of monthly page views.

“We are very focused on helping homeowners face the challenges in today’s extreme real estate market. By leveraging HBN Interactive’s suite of services, homeowners can: sell their house in a quick and efficient manner, short sale their house with HBN’s experts, buy discounted property, and perform various other real estate related transactions.” added LeGate. “We believe the market will continue to struggle for years, and we plan to continue to bring innovative solutions to the market that will benefit homeowners that need immediate assistance.”

About HBN Interactive

Founded in 2004, HBN Interactive is a unique and leading Internet Real Estate Media Company. HBN Interactive has assisted close to one million homeowners needing specialized assistance. HBN Interactive has built a network of the best professional service providers in the real estate arena that can assist both home sellers and home buyers.

HBN Interactive Media Contact
For all media inquiries and interview requests, contact us.

Filed under Avoid Foreclosure, Duane Legate, Foreclosure News, HBN Interactive, Homeowner Tool Box, House Buyer Network, IAmFacingForeclosure.com acquired by HBN, Mortgage Help, News, Press Releases, featured, foreclosure help, foreclosure process, leading foreclosure help site, online help for preventing foreclosure, stop my foreclosure | No Comments »

New “Affluent Advantage” Program From Luxury Mortgage Group Offers Exceptionally Low Interest Rates on Super Jumbo Mortgage Loans

Posted on May 1st, 2008

Effective immediately, Luxury Mortgage Group is offering our affluent clients a new mortgage program “Affluent Advantage” which provides qualified borrowers with the opportunity to purchase or refinance luxury properties at interest rates of 4.5% (APR of 4.6 to 4.97%).

This program offers unprecedented interest rates for savvy borrowers that want to borrow money at rates lower than any other commercial or institutional lender can currently offer.

Only a select number of highly qualified borrowers will be admitted into the Affluent Advantage program. All buyers will first need to be pre-qualified by Luxury Mortgage Group and certain restrictions apply. Once approved, those selected for entry into the program will be offered.

Affluent Advantage Program Highlights:

Financing on high rise condos, condo hotels and luxury home properties.
Loan-to-value ratios of up to 100% using a blanket loan or by pledged assets. Up to 75% for traditional loans. (See below for an LTV matrix)
FICO scores can be completely overlooked for this program for high income or high asset borrowers.
US Citizens, Permanent Resident Aliens and Foreign Nationals all qualify.
The program is for Non-Owner Occupied properties or Foreign Nationals buying a N/O/O or Second Home ONLY (No owner occupied homes).
Total mortgage borrowing ability is capped at five times annual earnings. (In example: a borrower making $1M/yr is capped at TOTAL mortgage debts of $5M).
Some Income and Asset documentation will be required (No Stated Income borrowers).
Interest rates start at 4.3% for up to 30 years is offered.
All files are manually underwritten and diligently analyzed by committee, therefore expect 30-60 day closing times.
The program is initially being offered in 10 states (see below).
Loan amounts from $250,000 up to $50 Million Dollars.

LTV Matrix:

100% Financing is available by Pledging Assets or cross-collateralizing multiple properties.
75% Financing for loans of $250K up to $2M
70% Financing for loans from $2M to $4M
65% Financing for loans from $4M to $50M

States Covered:

California
Colorado
Connecticut
Florida
Hawaii
Nevada
New Jersey
New York
Oregon
Washington State

This program blends common sense underwriting and the analysis of repayment ability with an uncommon source of exceptionally low priced funds.

“Traditional lenders aren’t as interested in lending to super jumbo borrowers because they’ve experienced huge losses on many of the mortgage loans originated in the past few years. The whole sub-prime mess has pushed banks and large lenders away from being able to help luxury borrowers. After four months of dialogue, negotiations and diligence our backers have given us their blessing for this offering,” said Jason Fox, President of Luxury Mortgage Group. “Our clientele expects us to provide them with rates and terms that no one else can provide. By creating this new Affluent Advantage program, our clients now truly do have options that no one else in the world can offer. We will continue to expand our market share all throughout 2008 while we see other lenders struggle to offer mortgage loans at all.”

“This is an amazing opportunity for borrowers looking to refinance or buyers of luxury high rise condos and luxury homes,” says Linda Wilson, VP / Director of Operations at Luxury Mortgage Group. “Our Affluent Advantage mortgage program offers interest rates lower than what Fannie Mae / Freddy Mac conventional conforming programs currently offer borrowers. Jumbo and super jumbo mortgage programs have traditionally cost a half of a percent over conforming conventional rates and luxury borrowers have been penalized for obtaining larger dollar amount loans. This new Affluent Advantage product makes a wonderful addition to our exemplary commitment to the finest level of super jumbo mortgage services that our clientele has come to expect. As the only direct lender to specifically focus on the financing of high rise condos, condotels and luxury homes, we are proud to shape the luxury finance market in America,” Wilson said.

Luxury Mortgage Group, Founded by Luxury Financier, Jason Fox, is the only direct lender with a core niche focus of financing high rise condos, condo hotels and the most noble of luxury homes. Recognized by national press, media and peers alike as the leader in luxury finance, Luxury Mortgage Group continues to serve as the most exclusive financier in the world. While others diversify, Luxury Mortgage Group remains committed to what’s best.