Complete Financial Solutions Inc./Acceptance Capital Mortgage Announces new Partnership

Acceptance Capital Mortgage Corporation, a subsidiary of Complete Financial Solutions Inc. (trading symbol CFSU) announces a new partnership with Advocates for American Homeowners (AAH).

Advocates for American Homeowners (AAH) has developed a best practices contingency based Principal Reduction Settlement Non-HAMP process to help Underwater Homeowners keep their homes.  Acceptance Capital and AAH haveagreed to test-market the partnership in the state of Arizona.

According to John Pipes, Managing Director of (AAH), “thereare over 17,000 homes listed for Short Sale in the Phoenix Area and there areover 120,000 Homes with excessive Mortgage balances according to our research.”

Mr. Pipes goes on to say; “Each (underwater) Homeowner will have special local pre-approval for funding a Principal Reduction Mortgage Settlement under the guidelines set forth in the $1.6 Billion Mortgage Servicing Settlement guidelines (of the $26 Billion Nationally), that Arizona received as a part of the Department of Justice and State Attorney General’s Settlement last February to keep Homeowners in their homes and support for a legal process and costs they need. Pipes further stated that the Attorney’s that have agreed to participate in the program are doing so on a contingency basis, meaning homeowners will not have to front any legal costs to begin the process.

“Acceptance Capital will provide clients of AAH an avenue to a number of Lenders that are participating in refinancing loans for these negative-equity homeowners” reports Allen Ringer, Business Manager for Acceptance Capital. Mr. Ringer, who also serves as the Investor Relations Officer for CFSI says that “while the results of many of these type programs have been lackluster in the past, this one may have all the elements of success. Participants are not asked to lay out any money for costs whatsoever. There are 1,900 targeted seniors, that could qualify, that reside in the targeted area of AZ.”

Complete Financial Solutions Inc. is an emerging financial services company. Through its subsidiary companies, CFSI offers mortgage origination and processing services in 24+ states. Its subsidiary Acceptance Capital Mortgage Corporation is a HUD approved lender thereby allowing ACMC to both bank and broker FHA loans. ACMC offers a full spectrum of common and niche mortgage products through a variety of correspondent and broker relationships. Its newest subsidiary Insurance Solutions Inc. offers protection products to mortgage customers of ACMC and to the general public, where properly licensed to do so. For more information, visit our website at www.cfsi.biz.

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