Saving the American Dream, Inc.'s main focus is conducting a 200+ point audit on your original mortgage loan documents to identify any state and federal violations. State and Federal violations could include:

• Federal Laws that are violated frequently are the Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), Home Ownership and Equity Protection Act (HOEPA), Fair Debt Collections Practices Act (FDCPA), etc.
• State and Local Laws against Unfair Business Practices, Unfair Advertising, Trust Fund Mishandling, Breach of Fiduciary Duty, Breach of Contract, Breach of Duty of Good Faith, Fraud, Constructive Fraud, and other areas are often also violated

Saving the American Dream, Inc. then provides the results to you and offers the option of retaining counsel to assist in negotiating with your lender. Our results are dedicated to provide legal professionals the leverage and information they need to negotiate a benefit to the borrower. That has always been our goal. Unfortunately, due to the passing of Senate Bill 94, our business model crumbled. We are no longer able to find attorneys that will take on new cases.

Senate Bill 94 (SB94) was signed into law on October 11th by the Governor. The bills intentions are to protect homeowners from loan modification scams, but the way it was written has a devastating effect on a homeowner's ability to find a law firm or company to hire in order to assist them with the tedious and difficult loan modification process. Now, homeowners are faced with having to deal with lenders who contributed to placing them in a poor situation to begin with.

In communities across America, people are losing their homes and their investments because of predatory lenders, appraisers, and mortgage brokers:

• Sell properties for much more than they are worth using false appraisals.
• Encourage borrowers to lie about their income, expenses, or cash available for down-payments in order to get a loan.
• Knowingly lend more money than a borrower can afford to repay.
• Charge high interest rates to borrowers based on their race or national origin and not on their credit history.
• Charge fees for unnecessary or nonexistent products and services.
• Pressure borrowers to accept higher-risk loans such as balloon loans, interest only payments, and steep pre-payment penalties.
• Target vulnerable borrowers to cash-out refinances offers when they know borrowers are in need of cash due to medical, unemployment or debt problems.
• "Strip" homeowners' equity from their homes by convincing them to refinance again and again when there is no benefit to the borrower.
• Use high pressure sales tactics to sell home improvements and then finance them at high interest rates.

Saving the American Dream, Inc.'s purpose was to help those clients who fell into such poor lending tactics. With the new legislation going into effect and President Obama declaring that homeowners should not pay an Attorney or other professionals to negotiate new terms on their loan, it has made it impossible for Saving the American Dream, Inc. to continue assisting homeowners with the help they desperately need. With SB94 passing, it has tied the hands of any attorney assisting us, which inevitably has forced Saving the American Dream, Inc. out of business.

On a higher note, we are happy to announce that better than 95% of Saving the American Dream, Inc.'s client agreements were satisfied in full. Prior to the October 11^th signing of SB94, clients signed retainer agreements with an Attorney in order to begin negotiations with their Lender. Saving the American Dream, Inc. then forwarded the client records necessary to their Attorney to support the process of working with their lenders. We are hopeful they will be able to assist in accomplishing your goal.

Sincerely,

SAVING THE AMERICAN DREAM, INC.