The Homeowner's Assurance Program (HAP) is a joint venture between NAREB, SRP & 24 Asset Management that aims to preserve homeownership and use foreclosure as a last resort. It will provide services to help homeowners, create affordable housing, and stimulate future homebuying. The program will acquire distressed loans and properties at discounts, and apply strategies to help homeowners, practitioners, and future homebuyers. It will launch in Q3 2011, starting with a $200M purchase of notes per quarter. Only active NAREB members can work with 24 Asset Management on this program by attending training in Los Angeles on October 27-28, 2011.

1. Homeowner’s Assurance Program (HAP) A joint venture with NAREB, SRP & 24 Asset Management A complete service for the homeowner with the focus on preserving homeownership Foreclosure as a last result OPEN Only to Active NAREB Members

3. Local, community-based outreach approach that can greatly stimulate future homebuyers and address current barriers to homeownership

4. An approach that provides dignity and empathy to borrowers while increasing resolution rates and returns.

5. Creates long-term affordability through financing and renovation innovation

7. Program is focus on the end-user

8. Assets will be managed through 24 Financial, a subsidiary of 24 Asset Management

9. Performance-based opportunity. You don’t need

10. experience to participate!

11. Launch deadline is 3rd quarter of 2011

12. Initial purchase of notes will be $200m/per quarter to start

14. Call center specialist – Liaison between mortgagor and lender

15. Broker/BPO Valuation/Appraisal

16. Short Sale Specialist/Broker /Agent

17. Asset Inspector

18. Asset Preservation Specialist

20. Training with 24 Asset Management: HAP training will be held at the CAREB State Conference - October 27-28, 2011 in Los Angeles 24 Asset Management Training: Cost: $99 Other cities that have been identified as roll out priorities include Detroit, Atlanta, Cleveland and Houston.

23. 24 Asset Management

25. Local, state and national government agencies

26. Non-profit innovators and leads

27. Forward thinking and progressive capital sourcesMembers Benefit: Only NAREB Members qualify to work with 24 Asset Management on this program

28. Homeowner’s Assurance Program (HAP) How Do You Sign Up? Make sure your membership is active! A special code will be supplied to you Each NAREB Member will receive an Invite to the Training will be sent out to all active Members Any questions or concerns: Send email to: CAREBsecretary@gmail.com NOTE: Training schedule: Oct 27-28, 2011 * There are no plans for this training to come to Northern California Thank you to Shawneequa Badger, San Jose Local Chapter President, for contributing to slide information