Michigan Today — Home And Health Care
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Archive for the ‘Bad Credit’ Category
How to Obtain a Principal Balance Mortgage Reduction Program
Monday, September 6th, 2010How To Attack Zombie Debt Collectors
Thursday, September 2nd, 2010After viewing video below on zombie debt collectors
I thought probably thousands of consumers could
use some more tips on how to get rid of zombie debt
collectors. Certainly one way is to simply get a
new phone number as did this couple decide to
do to stop the harassing phone calls. It is
of course easier to do in this day and age with
the onset of cell phones. I am sure the zombie
debt collectors are having some difficulty finding
phone numbers of potential victims. However,
one also receives zombie letters in the snail mail.
Thankfully, postage is getting expensive for these
sleaze balls.
Another tactic for the person who receives a zombie
phone call or letter is to ignore it, but one will be
continually harassed and it certainly does
psychologically accomplish its mission of
destroying one’s “peace of mind.” If one’s credit is
already ruined from this economy, then it might not
matter. If nothing else is learned in this era is that
one would be smarter not to have a credit card…
just ask Dave Ramsey.
It would be smart to do a little personal investigation
to ensure this zombie debt is not “real.” Sometimes
zombie debts appear after a Chapter 7 bankruptcy or
after the settling of a debt. The unpaid debt is bought
by these zombie collection agencies for pennies on
the dollar in hopes that one will pay due to guilt
or just to get them to go away.
If a person gets a zombie letter and the account was
real at one time, he/she can mail them the kept debt
settlement letter or a letter stating that the debt was
discharged in the Chapter 7 bankruptcy. One can give
them the case number and these debt collectors can go
look it up themselves. If one wants to be nice one could
give them the copy of the discharge letter showing
the account as being written off. If the zombie
debt collector continues the harassment, then one
has the right to sue them in court. Be sure to tell them
to stop all contact and soon after and if not before check
credit report to see what damage has occurred if any.
Now, if one researches and is unsure whether or not
this debt is accurate, then another strategy is to
ask the debt collector to show the note and documents
that prove that one does owe the debt. Also, ask to
see their license for doing business in the state in which
one lives. Asking for the note is just like asking to “show
me the note” in a foreclosure. There must be a paper trail
to show that the note has been properly assigned and
transferred.
If a debt collector does sue know that one may still
demand to see the note. It may help to delay the court
action and sometimes these debt collectors cannot
produce the documentation because it’s been lost through
the continuous selling of these notes. This is wonderful
news for they cannot collect as long as one has
not acknowledged the debt in previous correspondence or
in answer to their suit.
Even if successfully sued in court and are facing
possible garnishment one can also threaten bankruptcy
if need be as an attempt to get the debt collector to
negotiate. This way they get some money versus
nothing in the filing of a bankruptcy. Always try to
negotiate away the fees and interest accumulated,
and try to pay fifty percent or less on the dollar
amount. The judge can act as a referee to determine
what’s fair if you are unable to successfully negotiate
terms. If you are too emotionally involved or cannot
handle the negotiations for yourself, hire an attorney.
They are good at this.
We are not attorneys, but Foreclosure Prevention
Institute, LLC can do debt settlement and we do have
attorneys that can be assigned to your case. A
trust account is set-up for you so that you have
control of your money at all times as you work
through your debt settlement. Debt consolidation
is also available.
For more information call:
Dave Brigle 1.800.826.1929
Managing Member
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017
1.800.826.1929 – Hotline
brigle@appraisaloffice.biz
ForeclosurePrevententionInstitute
Visit msnbc.com for breaking news, world news, and news about the economy
The Housing Crash of 2015
Monday, August 23rd, 2010I thought I would share this article “5 Stages of America’s
Housing Bubble,” because this graph is circulating widely
among Wall Street and Financial Advisors. The graph clearly
articulates the projected 40% drop in housing values, and how
the current equity of mortgages is still at an all time
high due to past inflation. This is creating a huge
instablility within the housing market and may
cause a second crash.
In other words, if you are a buyer or investor, you
best wait because housing values have not hit bottom.
If one wanted to stabilize the housing market, banks would
need to write-off about 5 Trillion dollars in debt. Currently,
debt is being rid of through bankruptcies. Bankruptcy’s
are at an all time high. Foreclosures also continue to
rise. So the housing market is not going to recover
anytime soon and we will be in a deep depression by
2015. Housing values historically adjust and mimic
the median of American worker’s pay. Most American’s
paycheck will be zero once taxes are taken-out, Obama
Care is paid, utility and fuel are paid, and groceries are
bought at inflationary rates. Thus, it is predicted that
housing values could reach zero as well. Oh, didn’t O’bama
promise free healthcare, free housing, free utilties, free
food, free transportation etc.. It might get to that.
I like his economics.
Saving the American Dream 800.826.1929
If home is underwater or drowing in debt
Call Dave Brigle at Foreclosure Prevention
Institute, LLC at 1.800.826.1929. Also,
visit http://ForeclosurePreventionInstitute.com.
Consider a Trustee Principal Balance Reduction
Today to get rid of debt the smart way.
Rated by the BBB.
30 plus years in the real estate industry and foreclosure
market.
Why Banks Will Not Negotiate In This Bear Market
Wednesday, August 18th, 2010Today President O’bama was asked why
the economy was doing so poorly in
terms of recovery. He replied that it
was due mostly to the housing industry’s
poor performance. He also finally admitted
that it will probably take years for the economy
to recover.
I responded out loud to the “tube” that
maybe it’s due to your socialistic
policies? The private businesses are not
likely going to expand or hire when faced
with your O’bama Care, increased taxes, high
energy costs, tight credit, anti-capitalistic
legislation, and the list goes on.
Heck, look at the public schools. They just
received millions of dollars in stimulus
money from Congress to rehire teachers.
Are they going to hire? Not a chance
since many school districts are broke and
don’t know how they will prevent further
lay-offs once the Federal government funds
run-out in a year.
In terms of real estate, the government with its
policies first helped to create the housing bubble
that burst, and now is continuiing to impede the
recovery efforts. For example, private investors
could help get rid of all of the vacant property
and foreclosures, but thanks to government
policies it is now a crime to make a profit.
Only banks and elitists are allowed to make
money, and more importantly refuse to lose even
a dime. Congress passed a law to inhibit flipping
of properties. Any real estate profit belongs to
the banks ‘er government and their friends.
(Remember the big banks have been nationalized
and so are in direct conflict and in competition
with the private sector.)
At this time, the banks are happy to just sit on
real estate even if it is upside down in value.
They don’t want to do loan modifications,
short sales, or principal balance mortgage
reductions. They are happy and content to just
hold onto the property until home values recover
even if it takes 10 years or more. Consequently,
foreclosures are up 6% this year.
To the average citizen, this makes no sense. The
Joe Smucks of the world want to or have to move
but can’t sell their homes because they owe more
than what their homes are worth. Banks don’t care
that your job moved out of state, your company
shut its door, that your salary or pay was cut,
that your family has grown, that your parent now
needs care, or that you are now recently
divorced. There are also lots of people that
want to buy a home. They married, transferred
do to a job change, now have children, maybe
want to take advantage of the low interest rates,
or want to just get a “good deal.”
It is called supply and demand. We have lots of
sellers and buyers. Right now it is a buyers
market. There are lots of houses on the market,
but not meeting the market demands. The banks
will not negotiate or even lend money. Their
pockets are so deep that they will keep all of
their inventory and money until property values
rise. Eventually, there will be more buyers
than suitable homes, because the banks and
government are now in control of the economy
so they think.
Think of the stock market. One only loses money
in a bear market money if he/she chooses to sell.
Well, the banks are choosing not to sell. Forget
the fact that banks earned a profit by charging
high interest for taking a risk, made money through
origination and servicing fees, that banks were
guaranteed or insured for any loss of principal
on many of their VA or FHA loans, and bailed-out
by the American taxpayer. Let me repeat, Banks
are unwilling to sell or lose any money.
The newest idea on the horizon to help the home-
owner is to provide a warrant. If the
seller wants to short sale a home, then the bank
will issue a warrant to be passed on to
the buyer that says should the home ever regain
its original value (difference between the selling
price and the debt owed), then the bank will cash
in on the warrant. Now what new homebuyer
in their right mind would want to buy a home for
say $100,000 knowing that the bank holds a lien
for another $100,000 should the property increase
in value or have a future capital gain?
All in all, banks need to get real or we should
insist that they not be allowed to charge
interest and fees on their loans! With our votes
and activism we can rewrite banking laws as well.
Some people say that a revolution is on the way.
If you want a Principal Balance
Mortgage Reduction call Dave Brigle
at ForeclosurePreventionInstitute.
Our hotline is 1.800.826.1929. He
has 30 plus years in the real estate
industry and specializes in foreclosure.
Saving the American Dream 800.826.1929
http://ForeclosurePreventionInstitute.com
Rated with the Better Business Bureau of MI
Principal Balance Mortgage Reductions Can Kick Start This Economy
Tuesday, July 27th, 2010Principal Balance Mortgage Reductions would help
stimulate this economy in addition to just extending George
Bush’s tax cuts. This would greatly help the middle class
and the housing industry. Normally, to pull this country
out of a recession, it takes a strong real estate market and
consumer spending. At this time, though, consumer
confidence is at an all time low.
People are scared of losing their jobs and are having
difficulty paying down on debt, saving some money, and
just paying for everyday expenses. Energy costs and
consumer prices on goods and services keep rising not to
mention the taxes that are on the horizon.
One need only to visit a utility company to find out that
many families and individuals are living day to day.
It used to be that people lived week to week or paycheck to
paycheck. That is no longer the case. People are waiting
until the last minute to make their utility payments or until
the last day before a shut-off. There actually has been a 10%
increase in the number of people who are late in paying. Many
of these families have never been late before. (Note: In
California, it is becoming common place for people to be camping
out in their own homes – utilitites have all been shut-off. Does
this sound like a depression or what?
Grand Rapids’ Consumer’s Energy’s parking lot was jammed last
week as homeowners and renters came in to pay their past due bills.
Consumer’s had sent hundreds of shut-off notices out.
People continue to cut back on usage only to face rate hikes,
thus cancelling out any savings. What is worrisome is that this
is summer – what will winter bring?
It’s not that people don’t want to get out of debt, but
they just can’t. Many homeowners in Michigan have gone
through their 3 to 6 months savings, or are unable to save a
dollar. High credit card fees, gasoline and energy costs,
and food prices make it almost impossible for people to pay
down on their debts.
In this economic climate, housing prices have dropped
due to foreclosures and this weak economy. Consequently,
people are upside down in their homes and just struggling
to make their monthly mortgage payments. A new wave of
foreclosures is on the horizon.
One can see it. The gulf oil has been shut-off and Columbia
is threatening to stop oil from flowing. Iran and North Korea
are thumping their chests over nuclear power and weapons.
China and Russia are positioning the world for a new currency
to devalue the dollar. The United States has a huge trillion
dollar debt, and will probably be unable to make the interest
payments once the dollar falls.
In addition, we are facing the high costs associated with a
socialized healthcare program; and the threatened cap and trade
tax to make this country go green. Pension funds and Social
Security are also at risk. All in all, either we have some stupid
Economists/planners in the White House and in Congress or we
are predestined to be a third world country by design. I haven’t
even mentioned inflation.
I suppose banks, like corporations, are pulling out of
America. However, if the politicians really want to save
this great nation, we can force banks to do Principal Balance
Reductions for struggling homeowners and those that are
underwater. This would stop the increase in foreclosures, and
help the middle class gain control of their finances and allow
them to save money so that they may in the near future be able to
spend money on some goods and services. People could also
have some money to invest in small businesses to help “grow”
jobs in the private sector. Even President O’bama is realizing
that small businesses are not creating jobs. Why is that?
Some cities out West are again enacting the homestead act just
to get homes and land back onto the tax roles.
How can people or small businesses save or spend money
within this business climate? The only optimists that I have
met are the financial planners in banks or financial institutions.
They are encouraging people to invest in their annuities and
mutual funds at 2.75% interest. However, I know that most
banks don’t really have any money to loan. Over 100 banks
this year have imploded. No, the best place to put your cash is
under your mattress or maybe to invest in precious metals or food.
If you can relate to the above story and are facing foreclosure
or are upside down in your home, call Foreclosure Prevention
Institute, LLC at 1.800.826.1929 for assistance. We know how
to force banks to come to the table and negotiate modified
loan terms and rates. Ask about a forensic loan audit and a
Trustee Principal Balance Mortgage Reduction. We have
many financial services including debt settlement and consolidation
to help you find financial freedom and peace of mind.
Dave Brigle, Managing Member
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017
800.826.1929
brigle@appraisaloffice.biz
Save America by Stopping Foreclosure
Your Income Is Not Yours!
Friday, July 23rd, 2010Oh my gosh, it has now been said on the floor of Congress by Byron L. Dorgan of
North Dakota, a Democrat, that if they were to reduce your taxes, this country’s income
would be reduced. The fallacy of this statement is that as taxes are reduced their
coffers increase, and job creation develops and expands. However, this January,
our taxes will be at the highest level ever, and will continue to increase the
following months as the healthcare bill is implemented.
If you follow the Dem’s belief system then as the federal and state governments
continue to spend, spend, and spend; you will ultimately be taxed at
one hundred percent of your salary. The government will then take your
income spread it around to whoever they want, and maybe if you are lucky
you will be on the receiving end to get a benefit, an entitlement, or a subsidy
so you might live a meager existence. If you are rich but not of the
establishment or of the right class, you may be able to rent a little hut or
apartment and have a bicycle, horse, buggy or little electric “bug” to travel
to work so you can give your paycheck to Uncle Sam. That’s fair, uh?
Watch this video link on C-Span to see for yourself and read the following article
link by Erick Erickson for more on this topic. Oh, and go find Robin Hood.
Better reduce your principal mortgage balance, consolidate or settle your
debts now while you still can. Call Foreclosure Prevention Institute and talk
to Dave Brigle today at 1.800.826.1929 or for more information go to
http://UpdateMyMortgage.com/brigle.
Get Your Financial Bailout With A Debt Settlement
Save America by Stopping Foreclosure
Dave Brigle, Managing Member
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, Michigan 49017
brigle@appraisaloffice.biz
http://ForeclosurePreventionInstitute.com
1.800.826.1929
We are a national company
Will be glad to evaluate your situation
and provide you with our best solution or
steer you in the right direction.
Don’t Abandon Your Mortgage, Be Strategic!
Monday, July 19th, 2010Saving the American Dream 800.826.1929
Homeowners who want to strategically walk
away from their mortgages
even though they can make the payments
will be running into penalties and
financial risks come October. Fannie Mae
says that homeowners who default
will not be able to obtain new Fannie Mae
acked loans for 7 years after
their foreclosure and will attempt to go
after the defaulters for the outstanding
balance fo the debt. FHA is hoping the
Senate will pass a bill that will prevent
any strategic defaulter from insuring
mortgages for those that purposefully
defaulted on their mortgage.
These new policies are to curb bad behavior and to keep homeowners
morally obligated to pay on their mortgages when 25% of borrowers now owe
more than their homes are worth. Forget the fact, that the banks and their fancy
derivatives caused this whole meltdown of the mortgage industry. Furthermore,
just like a bankruptcy, a foreclosure damages one’s credit quite severely. Banks are
not wanting to lend to anyone who even has a decent credit score let alone
someone who just recently defaulted on a mortgage. No siree, banks and the
government just want to spank the American public and tank the economy even
more. O’bama certainly does carry the “big stick.”
Fannie Mae purchases about 40% of all mortgages and then bundles them
and resells them to investors, and Federal Housing Authority insures about 30% of
residential mortgages. Freddie Mac is considering Fannie Mae’s policy. There is
no thought in changing bankruptcy laws to allow bankruptcy judges to reduce
debtors’ mortgages.
How will these government agencies determine who can afford their mortgages?
They will be looking at people’s credit and observing whether they have access to credit
and if other debts and obligations are being paid. The premise is that the homeowners
have strong influence in getting this nation back on track. I am sure there are some
homeowners who may appear to be able to pay, but have maintained some credit to
allow for cash flow, to keep their small business running, or just to put gas in their
automobile.
In reality, this is another tactic to keep people slaves to the banks. First, the change
in bankruptcy laws and credit card legislation. Many people who became over-extended
for whatever reason, found it more important to keep their credit cards current rather than
their mortgages due to excessive fees. Now, homeowners will be paying on their homes even
when it makes no financial sense.
Banks got the bail-outs, but chose not to assist troubled homeowners in modifying their
loans since lenders and servicing companies made more money by foreclosing. Today,
banks are refusing to delay a foreclosure sale no matter the reason. So, of course,
banks and Wall Street are running scared that homeowners and Main Street are looking
at what’s best for their portfolios.
This type of aggressive treatment and attitude will not be forgotten. Whether people
made bad decisions or lives were turned upside down by this economy, people’s
spending habits have probably changed for the “good” and forever. They are also
saving and choosing not to make large purchases with so much uncertainty. Job
security is gone private and public with the Nation’s overspending and the taxation
that is about to occur. Smart people will never again buy on credit nor will they
want a mortgage for any length of time.
If you find your home is underwater and don’t quite know what to do, then
consider a Principal Balance Mortgage Reduction as a strategy rather than
strategically defaulting. To force banks to negotiate, a forensic mortgage audit
is done on your most current closing documents to evaluate if any RESPA laws
were violated, fraud, or if there were any errors or omissions. ARMs usually
have at least one error. Appraisals are also examined. After the audit,
then the bank’s legal department is approached for negotiating a settlement or
remedy with an attorney who represents you, the homeowner. Negotiating a
principal balance reduction will align the mortgage note at current market price
and will lower the mortgage payment with better rates and terms.
The best negotiations occur when the homeowner has a “true” hardship, and
when the home is 120% underwater. A good forensic audit which shows error(s)
also helps to ensure a modification of the loan.
For more information regarding Mortgage Principal Balance Reduction Programs
call Dave Brigle at Foreclosure Prevention Institute, LLC
at 1.800.826.1929. He will discuss possible options, evaluate your particular situation,
and provide you with the best home solutions.
Save America by Stopping Foreclosure 1.800.826-1929
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017
1.800.826.1929
http://ForeclosurePreventionInstitute.com
brigle@appraisaloffice.biz
35* years experience in the real estate industry & foreclosure market
Rated with the BBB.
Reduce or Modify Mortgage Principals for Distressed Homeowners
Thursday, July 8th, 2010Cutting the mortgage balance of a distressed
homeowner who owes more than their home is
worth is certainly an effective method for saving
one’s home from foreclosure.
The Principal Mortgage Reduction Program
is aimed at a growing population of homeowners
who are underwater on their loans. Five months
ago, about 11 million homeowners owed more than
their homes appraised at, and this number continues
to grow in this time of economic uncertainty and
double digit unemployment rate. Economists are
worried that many homeowners will simply walk
away from their mortgages or “strategically
default,” because it may take 10 years or more before
homes regain their original equities.
To qualify for a principal balance reduction
program the homeowner has to have a strong
history of paying the mortgage payment on time,
but may currently be one or more months behind
in their mortgage due to a particular hardship.
Refinancing is out of the question due to
credit and depressed appraised values. Forebearance
plans that simply cut interest rates or extend terms of a mortgage
to provide mortgage relief do not address the underlying problem.
Homeowners have no possible way to sell their home without a short sale
In today’s society, there is no job security and people must be mobile.
It used to be that people moved every 5 years, now it is much less.
Homes that would qualify for a principal reduction need to
be at least 20% underwater or more. A large percentage of
homes in California, Arizona, and Nevada are significantly
underwater, and also tend to have risky mortgages such as
“Option” ARMs. Many ARMs are ready to reset, or only
partial interest has been paid with this product causing a
large principal balance.
Hedge funds and private investors are purchasing
these nonperforming loans in block, and then on
an individual basis negotiating with banks case by case
since each note has differing situations, back-end investors, and rules.
Once the note is renegotiated, the homeowner receives new terms
near current market value. Interest rates are usually
lowered and may be based in part on the homeowner’s credit.
Big Banks like Wells Fargo or banks that have imploded or seized
by the FDIC are more apt to consider a Principal Mortgage Reduction.
The government HOPE program has helped a very few homeowners
obtain loan modifications that eventually reduce the principal balances.
If not a principal balance reduction program, then homeowners only
other alternative to stop foreclosure is by filing bankruptcy. However,
legislation last year failed to allow bankruptcy judges to cut the
principal. The most difficult concern is the uncertainty of
the housing market. Home values may continue to be depressed
even further since there are signs of a second recession or
great depression.
However, this makes for a strong case for banks to
accept a principal balance reduction. Banks don’t need anymore
REO’s. There is already a 5 year backlog, and for homeowners
who are delinquent in their payments explains why banks are taking
their time in foreclosing. Some homeowners have gone a whole year
without having made a mortgage payment. This certainly provides time
to obtain a principal balance reduction. It is not a fast process, and with
no guarantees. It may take 1 to 6 months to achieve a positive outcome.
The cost of a principal reduction is nominal and much less than a refinance.
It basically covers hard processing costs such as Broker Price Opinions (BPO’s).
If you would like more information on principal balance reduction programs
or would like to apply for a trustee principal balance reduction call Foreclosure
Prevention Institute, LLC at 1.800.826.1929 .
Saving the American Dream 800.826.1929
Dave Brigle, Managing Member
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017
800.826.1929
brigle@appraisaloffice.biz
http://ForeclosurePreventionInstitute.com
How to Obtain a Principal Reduction to Restructure Mortgage Note
Friday, July 2nd, 2010Saving the American Dream 800.826.1929
Foreclosure Prevention Institute, LLC is helping homeowners who are
behind in their mortgages and upside down in their homes restructure
their mortgage notes into a 30 year fixed-rate with a trust deed principal
reduction. This trust deed principal reduction program is:
1. Not a loan modification
2. Not a short sale
3. Not a short refinance
4. Not a forebearance
5. Not a deed in lieu
6. Not for the unemployed
7. Not a new origination
This is a 30 year fixed-rate restructured note with a decent interest rate.
We are not orginating a loan, but are negotiating with the bank or mortgage
company to restructure a homeowner’s mortgage note who is facing foreclosure.
There are certain limitations and a submission process within this program to
successfully eliminate debt and to create wealth in this downward housing
spiral.
Many people are trapped in option arms and are experiencing job loss or pay
cuts. Foreclosures are depressing values and destroying whole neighborhoods.
People are frustrated and are now willing to walk away from their homes.
Foreclosure Prevention Institute, LLC is trying to provide an alternative solution
to help stop this dangerous financial meltdown. Our principal balance reduction
program is backed by private equity and hedge funds. A principal balance
reduction will help people to save their homes and reestablish good credit and
alleviate debt. A foreclosure or bankruptcy will destroy one’s credit for 7 to 12 years.
A homeowner who wants to save their homes either needs a bailout or will need
to file bankruptcy. To negotiate a restructured note costs about $895 for the 1st
mortgage and $175 for the 2nd mortgage or HeLOC. The money is placed in a
trust fund to guarantee funds to a third party for processing and appraisal costs etc.
If a principal reduction is not successful to the companies satisfaction, $295.00 is
refunded and the homeowner is referred to other programs.
How are the notes negotiated? The notes are bundled into 10, 20 or 30 notes and
thrown at the bank. We have special relationships with 6 of the largest banks in the nation.
We can also work with smaller banks and credit unions. Regardless, each individual note
is looked at and negotiated since each note has different back-end investors who have
specified rules that must be followed. Why do banks want to liquidate these notes? It’s
because they don’t need more Real Estate Owned Properties (REOs). They are in the
business of lending not in real estate. Banks will negotiate and sell bundles of non-performing
notes so that they can free up their money to lend more money. Specifically,
a bank will make:
1. $16,000 in a short sale
2. $2,288 if a REO
3. -$42,000 as a foreclosure
4. $18,000 in a non purchase (principal reduction)
The profile of this principal reduction negotiation is critical.
Our private/hedge funds investors have a price range, the
banks/mortgage lenders have a price range, and the client
has to qualify within certain debt to income ratios. The note
is bought from the bank at a discount and then the note
restructured near market value with an interest rate determined
by the homeowner’s credit. Understand though, it does not
matter if a homeowner has good or bad credit, but one may
obtain a little better interest rate if one has a better credit.
What is important is that the homeowner be
1. Living in a single family residence.
2. The home be their primary home.
3. The home is not a mobile or manufactured home.
3. That the homeowner be 30 to 60 days late on their mortgage.
4. That the home be 20% or more upside down (owe more than what the home is worth).
5. After negotiations, that the debt to income ratio be 31% or less.
Homeowners should not worry about their debt to income ratio. If needed we can
do debt settlement. If a homeowner is in bankruptcy, the home must be set aside
or we will have to get permission from the bank and judge to set the house aside.
The only state that we cannot perform in is the State of Maryland. States like
Florida, California, Nevada, and Arizona are prime candidates since real estate has
really plunged.
Homeowners with a principal reduction will experience 25% to 50% reduction in the
monthly mortgage payments. There are no origination or closing costs. Taxes and
insurance will be paid through the new servicing company. If after reading this article,
you think you might fit this profile, call Foreclosure Prevention Institute, LLC’s hotline at
1.800.826.1929 or goto Foreclosure Prevention Institute, LLC. Ask for Dave Brigle
who is Managing Member for more details. If you are ready to apply, it’s easy. Just
enter your name, email address and telephone number. We will contact you directly.
For immediate assistance call 1.800.826.1929 .
Dave Brigle, Managing Member
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017
800.826.1929
http://ForeclosurePreventionInstitute,com
Rumor Has It —- Wake up Fellow Americans!
Wednesday, May 5th, 2010Congress does not understand why many people are becoming
disgusted with the direction our country is taking, but maybe
I can shed some light and help people wake-up and stand-up to
say, “Enough.” In Michigan and the Midwest, many of us
believe in rugged individualism. We don’t expect the government
to solve all of our problems. However, we do expect the
government to stay out of our way. All it needs to do is protect
us from foreign and domestic terrorists; and assist us in natural
or man-made catastrophies.
In the last depression back in the 1930′s, we pulled up our bootstraps
and worked hard to grow and prosper. The Auto Industry, Steel Industry,
Oil Industry, and other manufacturing companies valued sweat equity,
and loyalty, and eventually paid a decent wage. In the 1940′s, men and
women fought for our freedom, and the opportunity to pursue happiness.
Private Enterprise created opportunity and through education, hardwork,
and may be with a little luck or good timing we achieved and enjoyed a good
life for about 50 years. We were happy. Discrimination lessened through
the Civil Rights movement in the 1960′s.
Now the “good life” for middle America is being stripped away from us little
by little. The Government allowed our manufacturing companies to move
South through NAFTA so they could become competitive in a “global” economy.
Then the government started pushing multi-culturalism to rid of racism and to
show we may be different, but we are all the same. Yes, most people do want
opportunity, but not “free” handouts.
Actually, people develop pride when they succeed through their own competing
efforts. However, the government in the 90s especially through the educational
system suggested competition is unhealthy. The premise being that everyone is
equal and has the ability to learn the same things and therefore should be given
the same things whether they earned it or not. Classic example, everyone should
own a home regardless of effort and whether they can afford it or not.
Now, in steps the government to solve the housing foreclosure crisis and mess
that they helped create, and to provide government jobs through trillion of dollars
of stimulus money that we will eventually be paying back. In the meantime, people
are out of work. Government employees keep their jobs and are being paid salaries
at a much higher rate than in the private sector. Furthermore, the borders are left
open to allow any illegal to come in and take jobs and use our precious financial
resources.
All we can do is just sit around to watch families, states, and cities go bankrupt
along with countries like Greece. At least, everyone except the elitists will be
broke and poor. AIG, and the “Banks” remain solvent with bailouts from the Feds,
but the Feds forced General Motors into bankruptcy.
Now, I hear that the government is about to strip away the pensions from the
workers from old GM. States are also readying to strip away pensions from teachers
and public employees. Actually, all pensions are at risk since many private companies
are going bankrupt. Social Security (the Ponzi scheme it is) will or is also bankrupt.
So even though, we played by the government rules, I guess we will all be paupers
and serfs — no savings, pensions or social security as promised. No health insurance
either, only $1,000 dollars in fines for not buying health insurance, higher taxes for
safety purposes (Police and Fire), and Fees for licenses, permits, and services.
Rumor has it that Fed Ex and UPS are endangered of being overtaken by the
government. The US Postal Service is losing money and cannot compete against
the “Brown uniforms.” Want to transfer funds between bank accounts? NPC who
overtook National City now charges $10.00 to do just that unless you do it yourself
online. Another rumor involves putting a meter on your well, so cities can charge
you for water usage? Fruit, dairy and vegetable farmers ought to be outraged
at this thought.
Americans are taking “note.” Fed-up with the lawlessness, Arizona took charge to
do what the Federal Government refuses to do. At least, they recognize rules should
be followed and laws be enforced. This is fairness and opportunity for all who play
by the rules. I have to show my identification whereever I do business.
It basically, comes down to the Constitution. Quit ignoring the constitution and our
inalienable rights. Our Constitution is what made this Country “GREAT!” No
apology is necessary — just ask Iraqis who once lived under a brutal dictator.
Thank you President Bush for your steadfastness and knowing what is “right.”
We have the manpower, natural resources, and knowledge to once again become
a great society. Our greatest power will be at the ballot box when we send a
clear message that our country needs to move to the right rather than continue
moving to the far left. Given fairness, freedom, and opportunity, we can succeed
once more. Otherwise, we will wake-up one day to China owning and controlling
us. They did buy our debts and “I Owe You’s.” When you think about it, China
well may be the true “Master” and Mortgagor. Their growing population and
wealth can certainly overtake us within 20 years or less if we don’t wake up soon.
Stopping Foreclosure!
Saving the American Dream 800.826.1929
Dave Brigle, Managing Member
Foreclosure Prevention Institute, LLC
271 Viking Dr
Battle Creek, MI 49017
Hot Line: 800 826-1929 Call Today and Get Relief!
http://ForeclosurePreventionInstitute.com
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