SUCKISSTAPLES said:Lookie what I just got in my email...they had pulled my name and address and lender name from public records, and somehow matched it to my free email account

Projected Reduction Notice: $43000

 


DEAR SIS:

 

In an effort to stabilize the housing market and increase homeowner's equity, the MMA Reduction Option is now available in the SIS area.

 

Based on City and County records your mortgage funded in the amount of $xx00000, you became eligible under the MMA Reduction Option which is estimated to decrease your scheduled mortgage interest by $43000.

 

Through the MMA Reduction Option, homeowners are now able to reduce their scheduled mortgage and term with no refinancing required.

 

Not all homeowners qualify under the MMA Reduction Option. Due to this interest reduction eligibility, it is recommended that you speak with an MMA certified agent no later than 9/30/2009. Due to the overwhelming response, to get priority servicing go to www.mma2009recovery.info and click on "Free Analysis".

 

Afterwards an MMA certified agent will contact you to go over how you can save a minimum of $43000 for you and your family. Once you are contacted reference to Eligibility ID: xxxx

 

 

Sincerely,

MMA Servicing Center

 

 

 

Call for confirmation of eligibility and exact interest and time reduction. Proposed interest reduction is based average reduction results. This is not a mortgage modification offer or solicitation. Loan information displayed is used solely for MMA option validation and is available through public record. This is not an offer to refinance; no refinancing is required under the MMA option. This is not a government offer, UFF, LLC and the MMA reduction option is not affiliated, endorsed nor associated with xxxxx. Certain conditions apply. ©Copyright UFF, LLC 2009

WOW.

How low will these people go for a sale?

SUCKISSTAPLES said:
...
Due to the overwhelming response, to get priority servicing go to www.mma2009recovery.info and click on "Free Analysis".
...

Agent #938988, Ross Beal, Associate. Joined UFF 3/10/09.
Total MMA sales to-date: 0
Total recruits to-date: 0

Late2G said:SUCKISSTAPLES said:
...
Due to the overwhelming response, to get priority servicing go to www.mma2009recovery.info and click on "Free Analysis".
...


Agent #938988, Ross Beal, Associate. Joined UFF 3/10/09.
Total MMA sales to-date: 0
Total recruits to-date: 0

http://www.whois.net/whois/mma2009recovery.info

http://www.linkedin.com/in/rossandmaryan

Congratulations, Ross. In an ocean full of UFirst bottom-feeders, you went one step lower than the rest.

ellory said:SIS - are you going to follow-up and get your free analysis?depends if I get a happy ending from his wife Maryan

SUCKISSTAPLES said:
Not all homeowners qualify under the MMA Reduction Option.
Eligibility is limited to suckers willing to throw away $3500.

cphansen said:Interestingly, once engaged, one of the first bills they wanted me to pay, was the remaining balance.

That factorial math is some complex stuff:

if ($payee = 'UFF') {
   $percent_to_pay = 100;
}
else {
   $percent_to_pay = int(rand(5));
}

bump

It has been a while, and from what I can tell, no agent has ever taken up the challenge proposed by 'calvinandhobbes' here.

Well, with access to UFF's MMA Demo accounts floating around the net, I thought I would try some actual money movements to see what happens. Even though it is a "Demo" account of the MMA, according to Stuart "Mac" Saunders (UFF National Sales Director) it is the "actual" engine of the full fledged Money Merge Account, just limited to a 3 month window (mentioned in either this video recording or a similar one: ufirstvideos.com/usersoftwaredemo.html).

I used calvin's parameters to first run a "Primary Analysis":
Projected Interest Savings: %187,215.58
Projected Payoff: 6.8 years
Payoff Date: October 2015 (From Jan 1, 2009)
Time Savings: 23.3 years

Here is a link (google doc) of the manual transactions that took place for the first 12 months (first mortgage payment on 1/1/2009): MMA Actual Movements

The data should be pretty explanatory. The assumptions are in the first two columns, then show the beginning balances for all accounts at each action, action description, and ending balances of each account. The next few columns (Term, YrsLeft, Int Remaining) were what the MMA reported after each mortgage payment action. The last few columns are for calculating the interest (average daily balance) in the HELOC, which could not be calculated by the MMA. The HELOC interest was paid on the first of the next month from the savings account. The MMA was paid in full from the HELOC. I assumed the user could deposit checks directly into the HELOC and write expense checks from it also.

Attached is a screen cap of the account balances after 6 full months of money movements, and 12 months.

Before continuing, I thought it would be a good idea for others to compare these movements to the "Do It Yourself" method. But I think most here already know what the result will be.

Given the HELOC rate is above the mortgage rate, isn't it obvious the software is flawed by letting the HELOC average ride so high? Ideally, it would get close to zero at its lowest each month, keeping the average low as possible.

I find it amazing how many people in a certain sector slam an idea, that actually helps people. Lets take a moment and do the math. First the average American works 40-60-80 hours a week. Second travel time lunch dinner sleep and clean house go go go. Second yes Quicken is a good software but it does not help an individual save money. Third if there is something out there that is better then 80 dollars a month to help you save money with support and help. And tools to tell you to do it right other then a broker charging you more points and more compounding interest on your next loan or your old doc fee or the next good old broker fee i am will to take a peek.Personally i am a firm believer that for 80 bucks a month. Less then i go an play a hand of pia-gow with a month has helped me and has led me to saving money I am happy with the program i am a single dad and finding time let alone is hard enough.

Personally if someone told me i had to pay the whole amount of money lets take a house at 350,000 i would say no. Fortunantly mma lets you make payments and you make that money back in your first two months. Can you say the same about buying a house and refiancing it or useing the heloc and how much more time do you have to spend to enter in your credit cards and your car payments and beat them too open for suggestions here. I have found the program to be a godsent but thats just me.

Single Dad.

Seattle,WA