HB FORECLOSURE SOLUTIONS, INC.
NEW PORT RICHEY, FLORIDA

• The Association is forced to operate on 2/3rds of its normal operating budget. Imagine trying to pay your bills and live life as normal if your wages were cut by a third. The Association faces insurance lapse, termination of utility service and the aesthetics of the Condominium Association begin to suffer as vendors such as landscape providers begin to withdraw service as payments begin to cease. • Enter Foreclosure Solutions. Created with the intent of saving Florida Condominium Association from the brink of insolvency, Foreclosure Solutions provides immediate funding to Condominium Associations experiencing financial crisis, just like the association in the illustration. • In this example scenario, Foreclosure Solutions would provide immediate funding of $16,200 (80% of assessments that are up to 6 months delinquent). The purpose of HB Foreclosure Solutions As opposed to hiring an attorney and paying the legal fees that come along with filing liens and foreclosures and waiting the potential three years until the bank forecloses on a delinquent unit to recoup a small percentage of the past due assessments or even taking title to a delinquent unit and "playing Landlord" hoping to recoup your losses prior to the bank taking the unit back, hire Foreclosure Solutions. Essentially Foreclosure Solutions purchases the right to collect delinquent assessments from the Association and provides the Association instant cash in hand for the rights to collect on those particular accounts. Once an agreement is in place, Foreclosure Solutions aggressively pursues the collection of delinquent assessments from either the unit owner, a third party buyer and/or the bank that holds the principal mortgage. Foreclosure Solutions was created to provide immediate revenue and direct financial relief to Florida's Community Associations. With the intention to help keep struggling Community Associations solvent; Foreclosure Solutions will provide instant capital and liquidity to Community Associations to offset their delinquent assessment balances, and allow the association to maintain a desirable living standard. It's time to stop the financial bleeding and put the onus back on those who helped to put your Association in the hole in the first place! Foreclosure Solutions is at your rescue. As opposed to hiring an attorney and paying the legal fees that come along with filing liens and foreclosures and waiting the potential three years until the bank forecloses on a delinquent unit to recoup a small percentage of the past due assessments or even taking title to a delinquent unit and "playing Landlord" hoping to recoup your losses prior to the bank taking the unit back, hire Foreclosure Solutions. Essentially Foreclosure Solutions purchases the right to collect delinquent assessments from the Association and provides the Association instant cash in hand for the rights to collect on those particular accounts. Once an agreement is in place, Foreclosure Solutions aggressively pursues the collection of delinquent assessments from either the unit owner, a third party buyer and/or the bank that holds the principal mortgage. In order to establish a formal funding agreement with Foreclosure Solutions, the following is an itemized list of all required documentation that will be requested upon receipt of your inquiry. Providing Foreclosure Solutions with a thorough account of all requested documents will help expedite the process and provide your association with immediate funding: 4.If there is an active bank loan for the association, provide a copy of the loan agreement ◦The current unit ledger which reflects all assessment history, identifying assessments billed and payments received including balance info. The accounting ledger must be provided as far back as the units last zero or credit balance. If possible, providing this info in an electronic format is strongly preferred. (an excel spreadsheet report or a editable electronic document, i.e. Microsoft word or management software data file) ◦If the subject unit's assessment delinquency has already been delivered to a collection attorney or independent collection service, complete disclosure of the terms of that agreement must be provided as well as the collection related billing to the account and associations costs incurred to date. ◦A confidentiality agreement to Associations regarding the receipt of any information will be provided by Foreclosure Solutions upon request.