Michigan Today — Home And Health Care

Principal 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

This entry was posted on Tuesday, July 27th, 2010 at 1:09 am and is filed under Appraisals, Bad Credit, Cash For Keys, Conservatism, Credit, Credit Repair, Debt Consolidation, Debt Settlement, Deed in Lieu, Foreclosure, Foreclosure Prevention, Forensic Mortgage Audit, Loan Modification, Loss Mitigation, Mortgage Lenders, Mortgage Refinance, Mortgages, Politics and News, Principal Reduction, Private Money, Residential Appraisals, Short Sales, Unsecured Debt. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.