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We Save Homes, Inc. Announces Key Strategic Partnership With Attorney Home Protection Services, APC(March 22, 2010)
IRVINE, CA -- (Marketwire) -- 03/22/10 -- We Save Homes, Inc. (OTCBB: WESA) a software solutions company that provides the mortgage risk management industry with technology that enables collaboration and communication for loan modifications, foreclosures, loss mitigation and short sales, announced today that Attorney Home Protection Services, APC (AHPS), a professional law services company specializing in defaulting mortgages, has entered into a key strategic partnership with We Save Homes, Inc. (WESA).
AHPS President James McHenry commented, "We Save Homes' eTurboMod is clearly the leading edge industry software to simplify the loan modification/short sale process and the overall documentation flow. We selected WESA for its (eTurboMod) solution; as well as for its industry-wide expertise in operating and managing a full-service processing facility."
We Save Homes, Inc. President Ryan Boyajian stated, "We are pleased that Attorney Home Protection Services has selected We Save Homes, Inc. for its loan modification, short sale and complete processing needs. Currently, more than 9 million families are in need of a loan modification in the U.S. The attorney market is a key segment for our eTurboMod solution because it enables them to collect all the required paperwork and present a legal package to the lender in order to negotiate a beneficial loan on behalf of clients who are struggling to keep their homes in this troubled economy."
"We Save Homes, Inc. will immediately function as the backend support and software solution facilitating over a thousand client files for AHPS, which offers an extensive and growing clientele. WESA currently works direct with the lenders to rectify their non-performing asset pools initially through a standardized defaulting loans process (eTurboMod) all the way down to educating the homeowner with regards to a short sale and using their nationwide network of licensed and trained real estate professional that specialize in handling all facets of the short sales process.
AHPS will pay WESA a $250 technology fee per transaction. WESA also recognizes a revenue stream of up to $2500 per short sale transaction. According to Fannie Mae and Freddie Mac, representing $12 trillion in notes, default rates are set to increase, pushing short sales and loan modification to reach 71% of all Fannie Mae note workouts.
ABOUT WE SAVE HOMES, INC.
WE SAVE HOMES, INC. is the only publically traded loan modification, loss mitigation and short sale software Company to assist homeowners nationwide. Through their network, WESA's mission is to keep American's in their homes.
WESA is a software technology solutions company that provides the mortgage risk management industry with internet distributed software that enables collaboration and communication for loan modifications, foreclosures, loss mitigation and short sales. The eTurboMod system enables an organized process to link the mortgagor's critical documents with the loan servicing company's process for evaluating and restructuring the mortgage notes. To impress on our government, the need for uniformity in processes industry wide. WESA has been actively involved with Federal and State Lawmakers and the Banking Industry to effectively construct a consistent process and equal policy through an automated software technology platform that would facilitate absolute precision and management.
We Save Homes, Inc. was founded by a group of Real Estate, Mortgage, Financial and Legal Professionals dedicated to educating and assisting homeowners. It is our vision to empower homeowners with knowledge so they may make better informed decisions and remain in their homes during these tough economic times. WESA has successfully created a bi-lingual network of resources that facilitate the defaulting loan process.
Visit our website at www.wesavehomes.com or contact us at: (877)593-4464.
ABOUT ATTORNEY HOME PROTECTION SERVICES, APC (AHPS)
The AHPS professional staff specializes in loan modifications and has years of legal experience negotiating on behalf of homeowners with some of the nation's leading lenders and financial institutions.
This news release may contain forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements contained in this new release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned, that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements which may be made in this release or which are otherwise made by or on behalf of the Company. Factors which may affect the Company's results include, but are not limited to, product demand, market acceptance, impact of competitive products and prices, product development, completion of an acquisition, commercialization or technological difficulties, the success or failure of negotiations and trade, legal, social and economic risks. Additional factors that could cause or contribute to differences between the Company's actual results and forward-looking statements include but are not limited to, those discussed in the Company's filings with the Securities and Exchange Commission.
Contact: Ryan Boyajian, President
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