EquityLock Residential

EQUITYLOCK RESIDENTIAL

Mr. Steve Muehler,

Founder & Senior Managing Member

Division of Private Placement Markets

101 California Street, 

San Francisco, California 94111

Email: Steve@PPMSecurities.com

Phone: (877) 259-8066

It is no fun watching your home's value fall by 30% or more, but that is sometimes the reality of what the future holds when you are at what may be the top of a Real Estate Cycle, or at the beginning of a recession. 

The EquityLock Residential - Home Value Protection is a protection plan that is a hedge against a decline in the value of your home. 

So how does the EquityLock Residential - Home Value Protection Plan work?

Essentially, the EquityLock Residential - Home Value Protection Plan is a contract that remunerates the homeowner if the Subject Property falls in value. 

HERE IS HOW IT WORKS:

 

For a fee of 1% to 3% of their home's value at the time the Plan is initiated, paid out in the form of monthly premiums over a period of 3 to 7 years, the homeowner buys a plan that protects them against the loss of equity in their home if the market takes a turn for the worse. The plan pays the homeowner when they sell the home in a market where average home prices have dropped since the plan was initiated. The amount the policy holder receives is tied to the size of the market's decline.

DETERMINATION OF VALUE:

 

FIRST APPRAISAL: At the time of Application, EquityLock Residential will arrange for a residential appraisal of the Subject Property by a mutually agreed to Residential Real Estate Appraisal Professional that is State Certified and Licensed. This First Appraisal will determine the Fair Market Value of the Subject Property at the time of the Start of this Equity Lock Residential – Home Value Protection Plan.

 

FINAL APPRAISAL: In the event that Homeowner determines to sell the Subject Property at any time after the effective date of this EquityLock Residential – Home Value Protection Plan, the Homeowner must notify EquityLock Residential in writing of the Intention to Sell. Within ten days after receipt of the notice, EquityLock Residential will arrange for an appraisal of the Subject Property by a mutually agreed to Residential Real Estate Appraisal Professional that is State Certified and Licensed. This Final Appraisal will determine the Fair Market Value of the Subject Property at the time of Listing for Sale.

 

BENEFITS PROVIDED:

 

If the Subject Property is sold during the Term of this EquityLock Residential – Home Value Protection Plan, EquityLock Residential will compensate the Homeowner for the difference between the value of the Subject Property when the Plan was initiated (as determined by the First Appraisal), and the greater of the Final Sales Price of the Subject Property or the value of the Subject Property determined by the Final Appraised of the Subject Property.

 

Example, if the First Appraisal determined that the value of the Subject Property was $400,000 USD, and the Final Appraisal three years later determined the Subject Property to be worth $360,000 USD, the potential claim would be approximately $40,000 USD.

 

  • If the Subject Property from the above scenario sold for $370,000 USD, the Final Claim would be for $30,000 USD (the difference between the Final Sales Price and the value of the Subject Property at the start of the Residential EquityLock – Home Value Protection Plan). The Final Claim was $30,000 USD because the Final Sales Price of the Subject Property was greater than the Final Appraised value of the Subject Property.

 

  • If the Subject Property from the above scenario sold for $350,000 USD, the Final Claim would be for $40,000 USD (the difference between the Final Appraised value of the Subject Property and the value of the Subject Property at the start of the start of the EquityLock Residential – Home Value Protection Plan). The Final Claim was $40,000 USD because the Final Appraised value of the Subject Property was greater than the Final Sales Price of the Subject Property.

 

 

CLAIMS PROCEDURES:

 

Within 60-Days after the sale of the Subject Property, the Homeowner must file his / her / its claim including documentation of the sales transaction. EquityLock Residential will provide full payment of claims under this EquityLock Residential – Home Value Protection Plan within 30-Days after it receives the necessary documentation that the title of the Subject Property has been transferred.

                                                 

EquityLock Residential's - Home Value Protection Plans are for 3, 5 or 7 years, and can be renewed at maturity at current market values of the day as determined by a third-party Residential Appraisal. 

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Important Legal Notice and Disclaimer: EquityLock, Residential a registered Tradename for Private Placement Markets, LLC (a Delaware Limited Liability Company). Private Placement Markets, LLC and its affiliates and subsidiaries (collectively, the “Company”) is not a broker-dealer or an investment adviser. The Company does not provide investment advice or sell securities or execute securities transactions on behalf of third parties. The Company does not advise any user on the merits or advisability of any investment or securities offering, nor does the Company provide any legal, tax, investment, or transactional advisory advice or services. The information provided on the website is not intended to be an offer, solicitation or recommendation by the Company to buy or sell any investment instruments, nor shall it be considered investment advice. Your access and/or use of this website constitutes acceptance of the Terms of Use, Disclaimer and Privacy Policy

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EQUITYLOCK RESIDENTIAL

Mr. Steve Muehler, Founder & Senior Managing Member

Division of Private Placement Markets

101 California Street, San Francisco, California 94111

Email: Steve@PPMSecurities.com

Phone: (877) 259-8066

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