XM Loans - The Mortgage Optimizer

Dear Homeowner, The Grim Reaper, having lost his license to err..."reap" as a result of the recession, was forced to take a part-time job as a home repossessor. He is scheduled to visit your home to introduce himself and discuss the prospect of doing business with you immediately. We ask that you accomodate him, as he is new to the job and suffering a bit from performance anxiety. He will be showing up "like a thief in the night", so we ask that you make every effort to be ready for his visit.

While the above thoughts about the grim reaper are in jest, the reality is that many Bahamian families have had their lives irretreivably broken as a result of the repossession of their homes. Accordingly, we have dedicated two sections of this month's newsletter to what we are calling The Summer of Saddness, which was underscored by the large number of homes advertised by local lenders.

Click here to see these lender advertised homes. As always, we urge you to use restraint and good judgement as you consider your options regarding these homes, and to remember the old adage "today for me, tomorrow for you"!

For more information about acquiring a repossessed home, email us at info@xmloans.com.

Your monthly mortgage tip:

Secrets Lenders don't want YOU to know!

loanSecrets

A lender is legally entitled to begin repossession proceedings for its collateral security after a borrower has missed three consecutive mortgage payments. In reading the mortgage document, within it will be found a section entitled "Mortgage Indenture" which outlines (among other things) the lenders right to repossess its collateral security for non-payment. Think about it this way, until a borrower has paid-off the mortgage to the lender, the lender has a superior claim over the collateral security (i.e. the home) than the borrower, and reserves the right to repossess it under certain circumstances. Ultimately, lenders would prefer to receive the interest on the money loaned to you rather than taking your home. Afterall they are not realtors, but are in the lucrative lending business.

To find out if your home is at risk of repossession click info@xmloans.com here.

KNOW THE FACTS – MORTGAGE LENDERS DO NOT WANT TO TAKE YOUR HOME!

The material contained in this newsletter has been prepared by XM Loans Ltd. 404 Bay Street, PO Box N-4443, Nassau, Bahamas and independent feature contributors. The material provided is for informational and educational purposes only and should not be construed as investment, financial, real estate and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.

As your Trusted Advisor, we always want to make sure you are clear on all details of the home financing process. If you or someone you know are interested in purchasing or refinancing a home, give us a call today! XM Loans Ltd. is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. The Mortgage Optimizer does not grant to the recipient or distributor a license to any content, features or materials in this email. You may not download, or save a copy of any of the content except as otherwise provided in our Terms and Conditions.

In the unlikely event that you no longer wish to receive these valuable market updates, please email: newsletter@xmloans.com with "UNSUBSCRIBE" in the subject.

If you prefer to send your removal request by mail the address is Admin, XM Loans Ltd. P.O. Box N-4443, Nassau, Bahamas

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*Real Solutions, Real Time!*	The Mortgage Optimizer!
September 2010	Volume 4, Number 1
In This Issue The Reaper Cometh... From the President’s Desk Your Monthly Mortgage Tip: Secrets Lenders don't want YOU to know! Links Repossessed Homes XM Loans Repo List Contact Us!

From the President’s desk….

Your monthly mortgage tip:

Secrets Lenders don't want YOU to know!