EASYOUT

EASYOUT^TM: Non-Judicial Mortgage Enforcement Program

EASYOUT^TM, PEMI^®'s Non-Judicial Mortgage Enforcement program for private equity mortgage products. EASYOUT^TM helps protect lenders against mortgage default, and enables consumers to purchase or refinance homes from private equity mortgage (non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt, free trading securities and related financial instruments; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow securities and related financial instruments, secured by real estate securities) PEM® sources — with terms and conditions that are often more flexible than what a typical bank could offer.

An exit from the high cost of traditional mortgage enforcement. A major benefit of bypassing the institutional and bank lending system.

What is EASYOUT^TM: Non-Judicial Mortgage Enforcement Program

Non-Judicial Mortgage Enforcement is typically required by private equity mortgage (PEM®) lenders when owner equity is less than 20% of the deemed value (purchase price, appraised value, assessed value or lender value). Non-Judicial Mortgage Enforcement helps protect PEM® lenders against mortgage default, and enables real estate owners to unlock up to 100% equity in their real estate, either through refinance or purchase.

To participate in Non-Judicial Mortgage Enforcement, lenders must work with a PEMI^® Certified Private Equity Mortgage Broker. Typically, the cost of judicial mortgage enforcement is significant and your lender will pass this cost on to you. EASYOUT^TM is designed to prevent judicial mortgage enforcement.

EASYOUT^TM, PEMI^®'s Non-Judicial Mortgage Enforcement program is not to be confused with mortgage loan insurance which is designed to help protect lenders against mortgage default; nor should it be confused with mortgage life insurance, which guarantees that your remaining mortgage at the time of your death is paid.

How EASYOUT^TM: Non-Judicial Mortgage Enforcement Program Works

All PEMI^® Certified HR-PEM^TM (High Ratio Private Equity Mortgage) with a PEMI^® number #XXX-XXX-XXX are subject to the mortgagor's acceptance into EASYOUT^TM: PEMI^®'s Non-Judicial Mortgage Enforcement Program. If your mortgage payments are in arrears for more than a certain number of monthly installments, the property must be listed for sale on terms agreeable to the lender. Net proceeds of sale go to the property owner. One objective of EASYOUT^TM is to reduce the potential of owner equity being extinguished due to court-based mortgage enforcement, namely: foreclosure, primarily when the loan-to-value during funding is deemed "high ratio".

If the mortgage arrears are brought up to date, the listing may be suspended or cancelled.

Benefits

Benefits to both mortgage borrowers and lenders:

a) stop paying money to the lawyers (borrower lawyer, lender lawyer and additional lawyers if there are more than one mortgage lender or creditor)

b) eliminate bad credit reporting

c) keep whatever equity remains

d) don't extinguish their remaining home-owner equity in favor of lender fees/lawyer fees/inspection fees and court costs

e) maintain good relations and not waste any ones time

f) remove market price reduction stigma caused by lis pendens registered on title

g) keep things private; no phone calls, unsolicited visits from people who buy public "foreclosure lists"

h) a co-operative, non-conflict approach towards default management between mortgagor and mortgagee

Application

Principal Application: High-Ratio PEM® Transactions

High Ratio Private Equity Mortgages on the basis or loan-to-value or prior mortgage default experience.

Loan to Value:

80% - 84.99% LTV - Type 1 Premium

85% - 89.99% LTV - Type 2 Premium

90%+ LTV - Type 3 Premium

Non-Principal Application: Non-High-Ratio PEM® Transactions

The EASYOUT^TM program is also applicable to cases where an applicant has prior incidences of mortgage default, or the location is rural or unique in nature, regardless of the LTV requested.

Terms and Conditions

EASYOUT^TM Documentation must be acknowledged at the mortgagor's solicitor's office.

The listing real estate agent must be acceptable to the lender.

The listing price of the property must be acceptable to the lender.

If the mortgage arrears are brought up to date, the listing may be suspended or cancelled.

Terms and Conditions are subject to change without notice.

Approved Private Equity Mortgage Brokers

EASYOUT^TM is licensed and delivered Certified Private Equity Mortgage Brokers who specialize in working with private equity mortgage lenders and bankers.

Register of Certified Private Equity Mortgage Professionals (C-PEM®-P)