Attention: All Homeowners

Avoid Mortgage Foreclosure in California

 

If you're having trouble paying your monthly bills, you need solid, financial advice to resolve your dilema. YOU NEED ANSWERS, AND YOU NEED IT NOW. You need to know:

  • The MAJOR OPTIONS available to homeowners who are experiencing financial distress.
  • The STRATEGIES USED BY LENDERS and COUNTER-STRATEGIES TO OUT-MANEUVER THEM.
  • How to ASSESS YOUR STATUS THOROUGHLY AND CORRECTLY.
  • How to DEVELOP A WINNING PLAN to REDUCE OR ELIMINATE YOUR DEBT (including credit cards), while you INCREASE YOUR NET WORTH at the same time.
  • How to GET THE HELP YOU NEED FOR FREE!

RE: Your Financial Security

From: Michael Hanks, CPA (Retired)

MIcheal Hanks

Dear Troubled Homeowner,

N othing is more heart-wrenching than facing foreclosure on your home. But with so many Americans struggling to stay afloat in these troubling economic times, it’s becoming all too common.

 

You want to DO THE RIGHT THING for your family, but how do you KNOW WHAT IS BEST? This is difficult because the banks and credit card companies will not tell you how to best FIX YOUR SITUATION.

The reason is simple: They have a DIFFERENT AGENDA FOR YOU AND YOUR MONEY.

If you don’t have ACCESS TO THE TRUTH about how the banks and lenders really operate, then how can you EXPECT TO WIN against your creditors?

"To be blunt, SOME INFORMED HOMEOWNERS ARE WINNING... so my message to you is that YOU NEED TO KNOW HOW THEY DID IT so YOU CAN WIN TOO!!!"

Merely wanting to win or wanting “do the right thing” is not enough. YOU NEED RELIABLE INFORMATION that will help you identify the "RIGHT SOLUTION” for your particular situation. Fortunately, these financing secrets are available to you NOW.

For example, MOST HOMEOWNERS ARE PURSUING LOAN MODIFICATION, and THEY ARE FAILING. You need to know why so you can AVOID THIS FINANCIAL TRAP.

If you’ve been "pulled-in" by one of the numerous loan modification programs that have sprung-up since the housing crisis began, you may have already found out the hard way:

"BANKS ARE MORE INTERESTED IN GETTING YOUR MONEY, THAN IN HELPING YOU."

Loan modifications are NOT THE EASY ANSWER despite what the advertisements may have lead you to believe. THE BENEFITS OF LOAN MODS ARE GROSSLY EXAGGERATED.

  • Sometimes a loan mod is the WRONG SOLUTION for the homeowners' circumstances.
  • Sometimes HOMEOWNERS ARE GOING ABOUT IT THE WRONG WAY -- they don't have a workable strategy to get the banks to SAY "YES".

These homeowners are learning the HARD WAY. Unfortunately, they don't have the luxury of time or the money to fix the problem. That's why the banking regulators are reporting that in California and throughout the U.S., THE VAST MAJORITY OF LOAN MODS FAIL.

And where is the governent help? Many of us thought the federal bailout of banks would trickle down and help the average homeowners. But this turned out to be false!

Let's be clear about one thing:

"DESPITE GETTING FEDERAL BAILOUTS, BANKS WILL NOT SIMPLY PASS THIS MONEY OVER TO YOU!"

To make matters worse, they are playing a game to get at your money. Let me tell you what the lenders are actually doing:

"They approve a "temporary" loan modification in nearly all cases, requiring homeowner payments, but they AVOID APPROVING YOUR PERMANENT LOAN MODIFICATION in most cases."

"WHY IS THAT" you might ask.

Loan mods are part of a TRAP that banks have SET FOR YOU, THE HOMEOWNER to maximize the revenues they get from you -- this is something the banks will NOT fully explain to you, but IT IS EXTREMELY IMPORTANT THAT YOU UNDERSTAND THIS:

  • The BANKS OFTEN ASK YOU TO HAND-OVER MORE OF YOUR MONTHLY INCOME THAN YOU CAN AFFORD, forcing you to tap into your savings if you want to stay in your house.
  • Because your payments are delinquent, YOUR DEBTS ARE PROBABLY RISING even more rapidly (because of the additional penalties and fees.)
  • THESE FEES ARE HELPING TO BAILOUT THE LENDERS.
  • Unfortunately, most homeowners could not afford the payments before the fees and penalties got piled on top. Now their finances have gotten even worse.
  • LENDERS ARE TRYING TO BRAINWASH HOMEOWNERS -- Lenders are working to convince homeowners that the only correct and moral course of action is to make the monthly payments to the banks, even if that means depleting what little savings they have. This is disasterous -- BETTER OPTIONS EXIST.
  • AFTER THE MONEY IS ALL GONE, THE LENDER FORECLOSES ON YOUR HOME.
  • By trying to do the "right thing", homeowners are finding themselves on the LOSING SIDE of a FORECLOSURE and a BANKRUPTCY.

The sad truth is that most lenders are NOT helping homeowners, and MANY LENDERS ARE SIMPLY NOT NEGOTIATING IN GOOD FAITH. The new banking regulations have done little to force banks to work with homeowners effectively when it comes to stopping foreclosure:

  • Banks don't want you to know that YOU HAVE OTHER OPTIONS...
  • ...because if you did, YOU WILL DO A BETTER JOB HANGING ONTO YOUR MONEY AND/OR YOUR HOUSE!

What I am telling you is simple, but powerful -- YOU CAN'T TRUST EVERYTHING THE LENDER TELLS YOU. THEY ARE YOUR ADVERSARY!

IT'S UP TO YOU TO FIND YOUR OWN ANSWERS. This is absolutely necessary if you want to:

  • PROTECT YOURSELF
  • REDUCE YOUR DEBT AND INCREASE YOUR NET WORTH (at the same time)
  • PRESERVE YOUR CREDIT GOING FORWARD
  • KEEP YOUR HOME (if you can afford it)

Fortunately, WE CAN HELP YOU GET THE INFORMATION AND HELP YOU NEED. We want you to have a LOGICAL AND WORKABLE PLAN FOR YOUR INDIVIDUAL SITUATION so you can GET THE BEST RESULTS FOR YOU!

Unfortunately, if you aren't willing to DO WHAT IT TAKES and if you don't PLAY TO WIN, then you will probably lose!

  • For example, have you been PAYING MORE ATTENTION TO YOUR HOUSEHOLD BUDGET. Does it reflect FAMILY PRIORITIES, such as the IMMEDIATE NEEDS OF YOUR CHILDREN and OTHER NECESSITIES? If it does not, then you are more likely to have DIFFICULTIES -- EXPENSES EXCEEDING INCOME.
  • Do you HAVE THE HELP YOU NEED to enter into HIGHLY COMPLEX NEGOTIATIONS so YOU CAN WIN AGAINST THE BANKS.
  • Fortunately, we can help you in these important aspects.
  • We can help you DEVELOP AND IMPLEMENT A WINNING SOLUTION.

THE SIMPLE TRUTH IS THAT THE BANKS:

1. WANT YOU TO BAIL THEM OUT; AND

2. ALREADY HAVE A STRATEGY TO GET YOUR $$$.

You would be wise to PREPARE A GOOD COUNTER-STRATEGY. After all:

  • You are NOT TO BLAME for FALLING REAL ESTATE PRICES. It was the policies of the big banks and the government that created this situation in the first place.
  • It is NOT your fault that the economy has taken such a dramatic turn for the worse.
  • It is NOT your responsibility to make banks profitable again.
  • The banks are not the victims. In fact, it is the BANKS that had been VICTIMIZING HOMEOWNERS with their illegal (PREDATORY LENDING) practices.

Therefore, YOU MUST ACT IN YOUR OWN SELF-INTEREST, and understand that the banks are doing the same.

HERE IS AN INTERESTING FACT:

"Studies by researchers at a prominent law school have uncovered the hidden agenda of banks and the government – THEY WANT TO KEEP YOU TRAPPED in a losing situation by convincing you that you have a 'moral obligation'."

"The government and banks developed and are using a publicity campaign to keep you paying your mortgage -- even if you can't afford to pay -- using MESSAGES OF FEAR AND GUILT."

Instead, let me suggest this:

"When it comes to morals and finances, you have to act with logic, not emotion. Why should you be held to this standard if the banks are not? Since when are banks 'moral'?"

You see, THE BANKS ARE COUNTING ON YOU to feel guilty about a situation that they created! Isn’t it time you took a look at WHAT'S REALLY GOING ON?

Because of this, getting the lenders to lower the principal balance on a loan modification is a lot tougher than it sounds.

For one thing, bankers are very reluctant to lose any potential revenues, even if the property has devalued and is worth less than the original loan. THEY WANT YOU TO TAKE THE LOSS -- NOT THEM!!!

The reason is simple: there are too many people whose homes are now underwater -- correcting the principal balance for everyone who qualifies could cost the banks billions, if not trillions of dollars.

As a result, THE PRIMARY GOAL OF BANKS IS MAXIMIZING REVENUE AND MINIMIZING LOSSES where they can. So when you attempt to obtain a loan modification, they are going to SCRUTINIZE it, looking for reasons to deny.

Let me repeat:

"THE BANKS NEED FOR YOU TO BAIL THEM OUT, NOT VICE VERSA. The banks are doing everything they can to AVOID PUTTING LOSSES ON THEIR BOOKS, and they will put it off for as long as possible. They are reluctant to adjust your principal balance or waiving fees, penalties, or back-interest because that means they would be taking a loss or losing revenue."

This is why some people may negotiate for months or even longer, make good faith payments, with no final approval on the loan mod.

To make matters worse, the lenders will attempt to get you to make higher payments (than the ones you already missed) because they are adding all the fees, penalties and back-interest on-top of the loan balance.

"According to bank regulators, homeowners are being forced to make TRIAL LOAN MODIFICATION PAYMENTS that average 64% OF THE HOMEOWNERS' PRE-TAX INCOME. This is WAY TO HIGH because we also need to pay the other household expenses. In the end, after using-up their savings to make the payments, MANY DISTRESSED HOMEOWNERS ARE NOW FORCED TO FACE BANKRUPTCY IN ADDITION TO FORECLOSURE! "

Why? ....because the banks will do anything to defer and minimize their losses, even though their actions are harming many homeowners.

The banks understand the problems they are creating for the many distressed homeowners who cannot afford their homes, but they don't care because they have a different agenda. They are hoping to delay foreclosing at least until the economy begins its recovery so they can sell your house for a higher price. This way, the banks' overall losses will be smaller.

"If you can afford the house -- great -- a loan mod might be for you!"

"But banks are intentionally keeping homeonwers in properties that they cannot afford, causing homeowners to deplet what little savings they have left. This is creating even greater financial pain and suffering for these homeowners! They are hoping you will feel the GUILT or have an EMOTIONAL ATTACHEMENT to the house so you will simply hand-over your money."

IF YOU CANNOT AFFORD YOUR HOME, THIS IS THE TRAP YOU SHOULD WANT TO AVOID! MUCH BETTER OPTIONS ARE AVAILABLE. The banks are NOT telling the homeowners about the other options because it is the best situation for the banks when the homeowners takes care of the property and makes the "temporary" loan mod payments.

You see, the longer they keep you in the house and paying, the smaller the loss is likely be (for the banks)! Most banks really don't care that more and more homeowners are burning through their savings and are being forced into bankruptcy each and every month!

So while a small percentage of banks may negotiate in good faith, many are just trying to get everything they can from you, regardless of your situation, without giving you a permanent loan modicafication. They are even increasing the payments for a large percentage of already distressed homeowners. This is a cruel and inhumane act!

Loan mods are not for everyone. It is important that you understand whether uou are a good candidate for a loan mod or not.

It's like you are at the crossroads:

  • IF YOU CAN ALMOST AFFORD THE PROPERTY, A LOAN MOD IS A GREAT WAY to turn your non-performing loan into a performing loan once again.
  • IF YOU CANNOT AFFORD THE PROPERTY, A LOAN MOD WILL LIKELY "BLEED YOU DRY" because the banks may play a game to get as much money from you as possible before they foreclose.
  • In nearly all situations, BANKS ARE NOT REDUCING PRINCIPAL BALANCES. Principal reductions may occur in limited instances involving highly complex legal and financial issues, and YOU NEED A TOP-NOTCH NEGOTIATOR TO HELP GET WHAT YOU WANT.

Even if you somehow manage to successfully negotiate with the banks, getting the principal lowered and a fair interest rate on your California home loan modification, there are still potential liabilities to consider.

You could be facing tens of thousands of dollars or more in UNEXPECTED INCOME TAXES on the forgiven debt. This can be a huge blow to all the effort you’ve put in getting your finances back in order. This is why YOU NEED SOUND ADVICE -- to avoid taxes while getting what you need to stay afloat in your finances.

And picking the right professional to help you with this situation is important – for example, many lawyers offerring services are unable to address the unique challenges facing homeowners in danger of foreclosure. FEW ATTORNEYS TRULY UNDERSTAND THE COMPLEXITIES OF FINANCIAL NEGOTIATIONS AND TAX AVOIDANCE STRATEGIES that you will need to come out of this unscathed. It's like hiring an electrician to fix your plumbing -- YOU NEED AN EXPERT IN FINANCIAL NEGOTIATIONS AND TAXES to handle these matters correctly for you!

And if you are working directly with the bank, you may find yourself relying upon the abilities of an assistant within the company who may not know all the regulations and requirements that are in place. In short, they will WASTE YOUR TIME.

Payment terms can be CONFUSING, or just flat-out OVERWHELMING. And the terms may not be in your favor at all. Most banks are piling a bunch of OUTRAGEOUS PENALTIES AND FEES on top of your debt.

The federal government and the banks are using PUBLICITY CAMPAIGNS ARE ADVISING YOU TO NAVIGATE THIS PROCESS YOURSELF. THEY TELL HOMEOWNERS TO AVOID GETTING HELP FROM THE EXPERTS! This advice is wrong, irresponsible, and only serves the banks' interests --THEY WANT TO TAKE ADVANTAGE OF YOU!

For many homeowners following the banks' advice, they are shocked when they are presented with a TRIAL LOAN MODIFICATION OFFER WITH HIGHER PAYMENTS THAN THE PREVIOUS PAYMENTS (THAT THEY COULD NOT AFFORD). Did you know that THIS HAPPENS MORE THAN ONE-THIRD OF THE TIME?

TO QUALIFY for a permanent loan modification , YOU NEED A FINANCIAL HARDSHIP. So if your family has a financial hardship, HOW ARE YOU SUPPOSED TO MAKE HIGHER PAYMENTS? THIS JUST DOESN'T MAKE SENSE!

And what about the trial modification payments that they require?

Lenders insist that you make trial modification payments to prove that you are negotiating in "good faith". But, ARE THEY NEGOTIATING IN "GOOD FAITH"? iF THE AGREEMENT FALL APART, WILL YOU GET YOUR MONEY BACK?

It’s just one more way that BANKS SQUEEZE EVERYTHING THEY CAN OUT OF CONSUMERS before LEAVING THEM HIGH AND DRY IN THE MIDDLE OF FORECLOSURE (AND BANKRUPTCY).

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Your first step is to decide what ’s best for you. Are you really able to afford your home, or are you just trying to hang on because of an "emotional attachment", or because you think “it’s the right thing to do”?

Wouldn’t you be better off developing a sound financial plan that will let you live more comfortably and within your means? If so, we can help you with this critical step in the planning/evaluation process.

Your family is precious, and you owe it to them, and yourself, to make the best choice financially.

You can avoid foreclosure and bounce back quickly – homes are at some of the lowest prices we’ve ever seen, and still going lower!

If you are careful and plan wisely, you could be in a new home within a few years, with a solid credit history and the peace of mind that you did exactly the right thing for yourself and your family.

You can do this by following the guidelines provided in my book:

“Loan Mods, Why Short Sale May Be

a Better Option for You”

  • Reduce or Eliminate your Debt
  • Increase your net worth at the same time
  • Prevent further credit report damage
  • Buy another home at low low prices

Find out what those cryptic loan modification terms REALLY mean for your bottom line, and why you shouldn’t feel guilty by making the logical choice, instead of an emotional one, when it comes to preventing foreclosure on your California home.

I’ll help you to take a complete and unbiased inventory of your situation to see if a loan modification can help you.

And if not, I will give you the information and help you need to move forward with your other options for avoiding foreclosure and regaining your financial footing.

If you choose to sell your house and save your credit, I can help you, and will even perform a short sale at no cost to you!

In this guide you’ll learn:

CHECK About the forms and formalities of home loan modification – what the banks are looking for when a person requests a modification of their existing loan
CHECK Why you may be denied – I discuss the most common reasons banks deny home loan modifications, so if you’d otherwise qualify, you can avoid the major obstacles
CHECK Getting professional help – whom you should trust when it comes to home loan modifications. Here’s a tip: it’s not the banks!
CHECK Making the right choice – I’ll help you to define the “right choice” for your unique situation, and give you the solid background information you need to make a choice that will benefit your family now and in the future.

Get the FACTS -- Download:

“Loan Mods, Why Short Sale May Be a Better Option for You”

 

There is absolutely no cost and no obligation. You don’t have to buy anything in order to download this book.

I’m offering this information free of charge to help people who may see home loan modifications as their only way out of an impossible set of circumstances.

In reality, you have many more options to stop or prevent foreclosure. “Loan Mods, Why Short Sale May Be a Better Option for You” offers timely and practical advice to anyone looking for real solutions.

I know it can feel hopeless when you’re in this kind of situation. No matter what you do, it may seem like you’re destined to lose.

But don’t give up! There are so many options available to the practical and knowledgeable homeowner, and I’m going to give you the information you need to make a smart choice that will give you some breathing room and peace of mind.

In addition, we are available to help you with the major aspects of this process. After you read the book and understand the process better, you will understand the advantages of working with us to resolve your situation permanently!

The book is available for instant download, so you’ll have complete and total access to the book right away.

And there’s never any cost or obligation – just solid, reliable information to help you make the right choice for you and your family.

Why not download it now and get started on the path to a solid financial future?

Get the FACTS -- Download:

“Loan Mods, Why Short Sale May Be a Better Option for You”

To Your Financial Freedom,

Michael Hanks

Michael Hanks, CPA (Retired)

P.S. I know you're probably worried that this is just one more dead end. I promise that you'll find some solid answers here if you're struggling and need real loan modificiation help.

P.P.S. If your situation is complex or you'd just like some extra guidance, remember that I also offer FREE consultations as well. You don't have to face this alone, and you don't have to pay to get answers to your questions. Often, we can help you directly, depending on the solution you want and need, or at least we can help you find the right team of professionals to help you "get it done."

P.P.P.S. Don't wait until you're only days away from foreclosure. Download this guide now, find out your options, and get a real solution to your mortgage situation.

Risk Free Acceptance Form:

Yes, Michael! I want...

... to get the WHOLE picture when it comes to my options for avoiding foreclosure on my home. I know that the banks don't have my best interests at heart and so I'm going to take steps to find out what I can do to make the best possible decision on my own terms.

I fully understand that this information is provided to me without cost or obligation, and that if I so choose, I can also have a free consultation with you to discuss my mortgage problems with you personally. I am excited to have a chance to make a decision that will turn my financial life around and get me back on solid ground again.

Because I don't want to waste time when it comes to improving my situation, I'm providing you with my email address now so that I can gain instant access to this powerful book today!

Get the FACTS -- Download:

“Loan Mods, Why Short Sale MayBe a Better Option for You”

 

 

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