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Committed To Preserving Financial Integrity Greenway Capital Management HEPLING CONSUMERS RESOLVE FINANCIAL CRISIS
Committed To Preserving Financial Integrity About Us Head quartered in Fort Worth, Texas, Greenway Capital Management specializes in providing “Holistic” solutions to financial problems. Our highest priority is to provide workable solutions that can help our clients and members meet their stated financial goals and objectives by utilizing proven techniques and specialized programs. We employ superior techniques and strategies, specializing in mortgage, automobile, personal, student loans and credit card issues. Our mission is to provide our clients and members with ethical and effective alternatives to foreclosure, bankruptcy, automobile repossession or charge-offs. With our team of specialists, who are equally as important, we are dedicated to providing outstanding services that are unique in the personal finance industry.
Committed To Preserving Financial Integrity What We Do We provide viable financial resolutions that help our clients overcome financial disasters. We do this by providing superior service, a team of highly trained specialists and dedication to our industry and clients. We provide our clients with ethical and workable solutions to prevent or minimize damages to their financial integrity. Solutions that are tailored to fit each individual’s situation. Our team of specialist are trained and mentored to use their skills, tools and education in order to provide effective solutions to all parties involved in a transaction.
Committed To Preserving Financial Integrity American Consumers Are Facing A Financial Crisis and Millions of Them Need Help!
Committed To Preserving Financial Integrity This is not what we do!
Committed To Preserving Financial Integrity About The Founder • Ray Williams the President and Founder is a pioneer in the loan resolution industry. • Ray began doing loan workouts in 2002 as a way to help consumers gain control of their finances. Upon realizing the impact that he was having on those he was helping, Ray realized that consumers across America were in desperate need of this service. • He has 22 years of real estate and consumer finance experience. • He has helped hundreds of consumers resolve financial problems.
Committed To Preserving Financial Integrity WHY WE DO IT Because: • America’s economy is the most severe since the great depression • American consumers are $10 trillion in debt • 1,064,927 consumers filed bankruptcy in 2009 • 800,000 job losses the 1st two months of 2009 • Dairy prices up 4.4% in 2009 • The price of milk increased 26% in 2009 • The price of meat increased 6% in 2009 • Bakery products up 4.6% in 2009 • Just about every consumer’s way of life is being affected • To help consumers avoid and recover from financial disasters
Committed To Preserving Financial Integrity Our program is for those who not only want to survive-but re-build and secure their financial future. We can helpanyone who is willing to following our system. We can help: • Avoid bankruptcy • Prevent foreclosure • Increase credit scores • Decrease consumer debts • Avoid creditors’ harassments • Avoid automobile repossession Most importantly— we can help those who need it the most!
Committed To Preserving Financial Integrity Our Goals • To help our clients avoid financial a crisis • To help our clients maximize usage of their funds • To help our clients avoid asset losses • To help our clients manage debts • To help our client stabilize their finances • To help our clients build wealth • To help our clients maintain their financial integrity
Committed To Preserving Financial Integrity We Prove Workable Solutions • We work with creditors, mortgage servicers, and collection agencies to provide workable solutions for our clients and members. Our services include: • Loan Restructuring Programs • Loan Modification, including... • Interest Rate Reduction • Principal Reduction • Re-amortization • Payment Extensions • And More!! • We cut through the red tapeand work with loss mitigation and collection departments to facilitate loan solutions. • Client service is a integral part of our mission with our own back office (we do not sub out work) and the capacity to add volume in order to accommodate consumers’ pressing need for assistance.
Committed To Preserving Financial Integrity WE CAN ASSIST ANYONE WHO • Wants to resolve their financial issues. • Has a source of income or no income. • Is delinquent on their loan payment(s). • Has had a hardship or perceives there will be a hardship in the future. • Whose interest rate is adjusting causing “payment shock” • Is facing foreclosure or repossession. • Has the desire and is willing to take action to resolve their situation.
Committed To Preserving Financial Integrity WHY CREDITORS ARE WILLING TO HELP CONSUMERS A creditor might be open to modifying a terms and conditions of loans because the cost of doing so may be less than the cost of default. If a creditor takes back a home or automobile in a foreclosure or repossession, they have to maintain it, insure it, or sell it at loss.“
Committed To Preserving Financial Integrity Expense Type Percentage Interest Expense (% Of Loan Balance) 13.6% Property Taxes (% Of Property Value) 4% Legal Fees (Fixed Charges As A % Of Loan Balance) 1% Broker Fees (% Of Property Value) 6% Maintenance (Fixed Charges As A % Of Loan Balance) 3% THE COST OF FORECLOSURE According to Standard & Poor’s the cost of a foreclosure is a follows:
Committed To Preserving Financial Integrity Expense Type Percentage Dollar Amount Interest Expense (% Of Loan Balance) 13.6% $56,984 Property Taxes (% Of Property Value) 4% $11320 Legal Fees (Fixed Charges As A % Of Loan Balance) 1% $4,190 Broker Fees (% Of Property Value) 6% 16,980 Maintenance (Fixed Charges As A % Of Loan Balance) 3% $12,570 WHAT DOES IT MEAN? Example: A borrower in a down market purchased their home in 2007 for $419,000 but their home is currently worth $283,000. If their creditor were to foreclose on the property, they would incur a loss of $102,044 If the creditor is able to sell the foreclosed home at its current value, they would receive $283,000 minus $102,044 which is $180,956
Committed To Preserving Financial Integrity OTHER COSTS INVOLVE IN FORECLOSURE Creditors are not the only ones facing expenses associated with foreclosures…. • The borrower faces loss in equity, moving expenses and perhaps legal fees • The neighbours face potential losses in equity from decreasing values in the neighbourhood • Local government faces losses from diminished taxes and fees, and a shrinking tax base as home prices decrease. Losses are also incurred by unpaid fees for trash, sewer and water services. • Foreclosure is the maximum negative affect on a person’s credit. A workout, if done correctly, has the potential to minimize this negative affect.
Committed To Preserving Financial Integrity Current Proposed Loan Balance $419,000 $283,000 Interest Rate 8% 5% Term 30 year 30 year Payment $3,074.47 $1,519.21 Interest Earned Over Life Of Loan 0 $263,911.42 LOAN MODIFICATION GAIN TO A CREDITOR If the creditor was willing to do a loan modification for the same borrower, say lowering the principal to $283,000, they would eliminate the $102,000 cost and have an asset which produces income in the future..
Committed To Preserving Financial Integrity WHAT A LOAN MODIFICATION ENTAILS Loan modification can be a complex process. Included in this process would be, at a minimum… • Financial Workout • Financial Analysis • Letter of Hardship • Loan Restructuring Proposals • Establishing Relationships with creditors • Cost Benefit Analysis for Creditors and more..
Committed To Preserving Financial Integrity PROCESSING LOAN MODIFICATIONS • Phone calls to creditors: An average modification includes 4 to 6 hours of phone time, the majority of which is spent on hold or being transferred. • Sending and verifying receipt of documentation: Documentation required by creditors to process a loan modification is generally sent by fax. Depending on the creditor, documents may have to be sent up to 4 times. • Conference calls between the creditor, borrower and modification company: Occasionally, the creditor will want to speak with the borrower directly. This may include coordinating with the borrower and creditor to schedule a mutually acceptable appointment time and possibly participating in the conference call. • The modification depends on the creditor timelines: The timeline for a modification varies from creditor to creditor, taking anywhere from 30 - 120 days from the time of implementation.
Committed To Preserving Financial Integrity Earn Extra Income With Us As an Independent Referral Agent (IRA) you will: • Work your own hours from your home. • Potentially earn $300 to $800 weekly part-time. • Become part of a $300 billion consumer finance industry. • Receive support from a Dedicated Mentoring Team. • No selling, no recruiting, no experience, no talking to people and no computer required. • Join our team and receive all the benefits of having control of your life. • There is“Absolutely No Risk”.
Committed To Preserving Financial Integrity BecomeReferral Client and Potentially Earn $1,500 Monthly Train To Become a Loan Resolution Specialist (LRS) As a Loan Resolution Specialist (LRS), your responsibilities will include: • Identifying & “QUALIFYING” potential clients • Collecting all pertinent data from clients • Collecting Initial Payments • Submitting complete file to Greenway Capital Management, including This is a “Turn-key” business that offers individuals an opportunity to earn a tremendous income part or full-time. We provide complete training and support, and all the tools to start earning money within a few days. • No Experience Required • General computer skills are required • Good communication skills required • Require the ability to work independently We Provide • Complete training • Unlimited support • Complete marketing tools • Mentoring • Professional web-site • Technical support • Administrative support • 6 Month 100% Money Back Guarantee
Committed To Preserving Financial Integrity OUR RESPONSIBILITIES Greenway Capital Management will handle every aspect of the client’s case, and prepare a comprehensive package to present to creditors, including…. • Financial package - detailed to include all income, assets, and household expenses. This allows a realistic view of the client’s financial abilities to make payments as agreed once the loan is restructured. • Full financial package prepared for the creditor, including: • Hardship letter • Cost and benefit analysis for the creditor to modify the client’s loan • Financial analysis verifying payments the client can afford. • CMO : comparative market opinion of the property. (In-house) • Prepare a financial restructuring plan. • Representation on the client’s behalf in dealings with their creditors • On-going communications with creditors (listed in original contract) • Updates to our Partners. 21
Committed To Preserving Financial Integrity IMA COMPENSATION We pay IMAs $75.00 of the initial payment collected. Currently the minimum payment is $295.00, and $125.00 for the maximum payment which is $ currently $435.00. Example: When we receive a payment of $435.00 from 5 clients you referred during the week, you are paid $375.00. You also receive $50 - $75.00 annual residual income for each individual that renew their membership. Example: You have 200 referrals that renew their membership, we will pay you $10,000.00 in residual income. First-year potential earning is $40,000 to $80,000 NOTICE: The values expressed are for demonstration purposes only and each individuals income will vary based their personal efforts.
Committed To Preserving Financial Integrity PARTNERS (LSR) COMPENSATION We pay our Partners $100.00 of the initial down payment collected. Currently the minimum down payment is $375.00. Example:If you collect the minimum down payment of $375.00 from 5 clients during the week, you are paid $1,500.00. You also receive $100.00 quarterly bonuses for each client that completes their payment plans during the quarter. Example: You have 50 clients that are paid-up during the first quarter, ($100 x 50) you will receive $5,000.00 in bonus money. First-year potential earning is $100,000 to $150,000
Committed To Preserving Financial Integrity THERE MUST BE A NEED To qualify for our services, potential clients must demonstrate that they are unable to meet their financial obligations as originally agreed. They must be in a “Crisis”. Need can include: Has a legitimate hardship • Reduced income: pay cut at work; reduced hours, or new job w/less pay) • Loss of employment • On disability (workers comp) • Divorce/ separation • Excessive medical bills • Back taxes that are currently being paid back • Death of household provider • Failed business • Currently delinquent on payment (s) • Currently in foreclosure or has a Notice of Default • Has an Adjustable Rate Mortgage that has adjusted higher or will adjust within 3 months • Contemplating bankruptcy
Committed To Preserving Financial Integrity WHAT TYPE OF CASES ARE DIFFICULT • Cases where individuals has “too much” recent debt • Cases where individuals are not willing to take advice • Cases where individuals has no income • Cases where individuals has a “active” bankruptcy • Cases where individuals are currently in a program with a non-profit counselling agency • Cases where individuals are not currently living in the property Our experiences has shown that the above case are generally “very difficult or impossible” to work. Therefore we do not recommend taking on these type of cases.
Committed To Preserving Financial Integrity FORESEEABLE CHALLENGES • Dealing with clients who expect quick results • Dealing with clients who want or expect “Guaranteed Results”. • Making sure we are dealing with people who “Truly” qualify for our services. • Dealing with creditors who are uncooperative. • Getting clients to follow our customized plans. We consider these as minor challenges since we have perfected overcoming them.
Committed To Preserving Financial Integrity WE PROVIDE ALL THE TOOLS YOU NEED Some items listed do not apply to Independent Marketing Agents • Our professional team handles the negotiations with the lenders and communicates with the client, freeing you to pursue additional clients. • Complete Back Office Support • Monthly status reports on your clients • Your Own Personalized Website (Affiliate Partners) • Training---Webinars on marketing, business management, credit, personal finances and other topics • Coaching and mentoring from one of the industry’s top experts—Ray Williams • Marketing materials---flyers, postcards, articles and more
Committed To Preserving Financial Integrity CONFUSING TAX & LEGAL ISSUES!! Tax & Legal Issues We do not provide or attempt to provide clients with tax or legal advice regarding how our strategies may affect their personal taxes. Therefore we recommend that each client obtain professional counsel in this regard.
Committed To Preserving Financial Integrity THE NEED FOR URGENCY • The market need and demand for our services is now! • Consumers are in-need of assistance when dealing with financial crisis. • With the current state of our economy, those who jump on the ship and start acting now will be the ones who will greatly benefit during next 3-5 years. • At issue is not only making a living today, but helping people who need to resolve financial issues. • Millions of American consumers are in financial trouble and need help now! • The FDIC projected that over 4 million homeowners will be delinquent on their mortgages in 2009.
Committed To Preserving Financial Integrity WHAT WE WANT? • We want to help American consumers maintain, restore, achieve and secure long-term financial stability. • We want to help American consumers avoid losing their faith in America’s financial system. • We want to help consumers avoid stress that is associated with financial crisis. • We want to help as many consumers as we possibly can resolve financial issues and secure a stable financial future. In addition to helping consumers resolve financial issues, we want to help consumers earn “Lots of money”.
Committed To Preserving Financial Integrity Greenway Capital Management Income Opportunities Wealth Building Strategies Financial Strategies We Provide Business Development Credit Enhancement Strategies Residual Income Opportunities
Committed To Preserving Financial Integrity Start Resolving Financial Problems and Making Money! Get started With An Investment of Only! $485.00! This initial investment includes: • Start-up Marketing Materials • Professional Website • Unlimited Mentoring and Support • Professional Mentoring • Unlimited Consumer Financial Counselling • Initial and On-going Mentoring • Real Estate Investing Training • Unlimited Credit Counselling • Remanufactured Laptop Computer For additional information call: (817) 863-7730