Are you experiencing the pressures of a foreclosure, bankruptcy, overwhelming creditors? If so, be sure to bookmark this blog and return often for words of encouragement and helpful tips from someone who has walked in your shoes. Remember.....stay encouraged!
Sometimes individuals come across our paths with life changing messages. While sitting at lunch with a certain deipnosophist, I was enlighten by a certain concept. It's the res nullius of worldly possessions. My friend shared two amazing statements with me.
1. One shouldn't attempt to hold on to anything that tends to cause added stress in one's life.
2. Everything in our seen world, given enough time returns to it's most basic form which is dirt.
Understanding the concept of res nullius affords us with peace of mind. Only God owns everything. Become free from the bondage of worldly possessions. One should invest in areas where moth and rust can't corrupt. By investing in one's spiritual growth and the spiritual growth of loved ones, the door way to eternal possessions can be opened.
So remember two things while enduring the stress and disappointment of losing worldly possessions.
1. This too shall pass
2. What does it profit to gain the whole world and lose one's soul?
Saturday, June 21, 2008
Monday, June 16, 2008
Don't Get VamBoozled!
I was talking to a client today who informed me that someone from the city spoke to her and was going to help cure her arrears by adjusting her escrow account. I asked her if her payment included principle, interest, taxes and insurance. She said no. I then informed her that she did not have a escrow account to adjust and to be careful about calls from individuals who claimed to be able to cure her default judgement and stop her foreclosure for a fee.
Here's a few tips and guidelines to remember when facing foreclosure. The most important advice is to talked to an expert that honest and will advise you to your best interest. As long as you own the property, there's options available.
Also remember that your mortgage lien holder may not always choose the best alternative for your financial future. Many lenders are directing borrowers into repayment plans that defer past due amounts payable at the same interest rate but extended terms. The best solution for most borrowers in many cases is a total modification of current loan terms into a lesser principle amount or a lower interest rates.
Here's a few tips and guidelines to remember when facing foreclosure. The most important advice is to talked to an expert that honest and will advise you to your best interest. As long as you own the property, there's options available.
Also remember that your mortgage lien holder may not always choose the best alternative for your financial future. Many lenders are directing borrowers into repayment plans that defer past due amounts payable at the same interest rate but extended terms. The best solution for most borrowers in many cases is a total modification of current loan terms into a lesser principle amount or a lower interest rates.
Friday, June 13, 2008
Stop Foreclosure
"Nearly 1 in 10 U.S. homeowners faced foreclosure or fell behind in their mortgage payments in the first three months of the year, according to a report released Thursday, a figure that offers a look into the toll caused by the collapse of the housing market.
The first quarter marked the worst quarter for American homeowners in nearly a quarter-century, according to a widely watched report put out by the Mortgage Bankers Association, a trade group.
Both the rate of new foreclosures and late payments surged to the highest levels since 1979. The delinquency rate includes Americans who are more than a month past due on their home loans.
A breakdown of the statistics showed problems at nearly every level of the mortgage industry.
Of the 45 million home loans included in the survey, 6.35 percent were at least one payment past due, up from 5.82 percent for the fourth quarter. All figures are adjusted for seasonal factors." Per Chicago Tribune June 6 2008
The current economic shift has hit the subprime borrower the hardest. It could be referred to as a perfect storm. For most subprime borrowers, loan criteria was stretched when the initial loan product was initiated. Often income was either grossed up or not substantiated. Property values were sometimes inflated or since the inception of the loan have deflatuated. Credit scores have shifted from a required 500 mid score for 100% financing to the current 620 mid score for 95% financing with 100% programs joining the ranks of the dinosaur products. There's no more 100% financing programs.
So here's the problem......
Many subprime products were originated as 2 or 3 year fixed notes, set to adjust at the end of the term. Often they were products containing seller financed sub-ordinate liens set to balloon after a five year term. These same borrowers now are trapped in products with no way to refinance them.
Here's the cure.....
Very few individuals are aware of the little know secret of Loss Mitigation. I have personal experience that it does work. Loss Mitigation is a technique that can be used to lower you interest rate, lower your payment, even reduce you principle balance in cases where property values have erroded drastically.
For More info: On Loss Mitigation
The first quarter marked the worst quarter for American homeowners in nearly a quarter-century, according to a widely watched report put out by the Mortgage Bankers Association, a trade group.
Both the rate of new foreclosures and late payments surged to the highest levels since 1979. The delinquency rate includes Americans who are more than a month past due on their home loans.
A breakdown of the statistics showed problems at nearly every level of the mortgage industry.
Of the 45 million home loans included in the survey, 6.35 percent were at least one payment past due, up from 5.82 percent for the fourth quarter. All figures are adjusted for seasonal factors." Per Chicago Tribune June 6 2008
The current economic shift has hit the subprime borrower the hardest. It could be referred to as a perfect storm. For most subprime borrowers, loan criteria was stretched when the initial loan product was initiated. Often income was either grossed up or not substantiated. Property values were sometimes inflated or since the inception of the loan have deflatuated. Credit scores have shifted from a required 500 mid score for 100% financing to the current 620 mid score for 95% financing with 100% programs joining the ranks of the dinosaur products. There's no more 100% financing programs.
So here's the problem......
Many subprime products were originated as 2 or 3 year fixed notes, set to adjust at the end of the term. Often they were products containing seller financed sub-ordinate liens set to balloon after a five year term. These same borrowers now are trapped in products with no way to refinance them.
Here's the cure.....
Very few individuals are aware of the little know secret of Loss Mitigation. I have personal experience that it does work. Loss Mitigation is a technique that can be used to lower you interest rate, lower your payment, even reduce you principle balance in cases where property values have erroded drastically.
For More info: On Loss Mitigation
Tuesday, April 8, 2008
Sunday, February 24, 2008
Tuesday, February 19, 2008
Adsense Ranks Itself High!
I just received another check from Amphitheatre Parkway which is where the Adsense checks are mailed from. Video units Are the way to Super Charge your adsense earnings. I've had tremendous results with video. Those little google bots actually run about the net grabbing people to look at the video you've placed on your site.
Check out video for more site traffic!
Saturday, February 9, 2008
Tax Savings For Wage Earners
Need to maximize tax savings? Here's some great information for self-employed as well as wage earners. Get Details.......
Monday, February 4, 2008
No one works Like ME!
As mentioned before, I've worked for several wealthy individuals in my days. We often assume that hard work isn't as important as brains, timing, inovation, and luck when it comes to the success formula. I'm here to bust your bubble with cold hard facts. Many successful individuals have mastered the art of climbing up off the ground after major meltdowns. Sure there's a few lottery winners who happen to come up with the right idea at the right time and place but, there's no substitution in the success formula for HARD WORK. So, if you are not willing to pour sweat, time, blood, mental fortitude, dedication and steadfastness into your venture, you best get a day job.
I've heard it said, Late to Bed, Early to Rise, Work like Hell, and advertise........(to be continued).
I've heard it said, Late to Bed, Early to Rise, Work like Hell, and advertise........(to be continued).
Rich Secret
Here it is
Your "Secret Weapon" For
Passionate Lovemaking
Suppose you could read a few simple tips and have your partner sexually charged and excited about sex with you again?
While this almost sounds too good to be true, imagine this…
…Your partner comes home from work, too "tired" for sex as usual. You walk over, whisper a few words into their ear and before you know it, you're being passionately kissed.
You stumble towards the bedroom as your clothes disappear from your bodies. Afterwards, you collapse onto the bed exhausted and dizzy with a big smile on your face.
You look into their eyes and notice something. You've rediscovered them. And it feels amazing. But most importantly, that special smile that your partner once reserved only for you, is back.
Sounds too good to be true?
Well it's not. Even the most lazy and "bored to death" partners can be excited about making love with you again… starting tonight! As a matter of fact, it's easier than you think, when you know how.
And that's where I come in.
Passionate Lovemaking
Suppose you could read a few simple tips and have your partner sexually charged and excited about sex with you again?
While this almost sounds too good to be true, imagine this…
…Your partner comes home from work, too "tired" for sex as usual. You walk over, whisper a few words into their ear and before you know it, you're being passionately kissed.
You stumble towards the bedroom as your clothes disappear from your bodies. Afterwards, you collapse onto the bed exhausted and dizzy with a big smile on your face.
You look into their eyes and notice something. You've rediscovered them. And it feels amazing. But most importantly, that special smile that your partner once reserved only for you, is back.
Sounds too good to be true?
Well it's not. Even the most lazy and "bored to death" partners can be excited about making love with you again… starting tonight! As a matter of fact, it's easier than you think, when you know how.
And that's where I come in.
Friday, January 25, 2008
Most Traffic One Day!
Looks like my experiment seems to be working. Urchin stats aren't complete til later tonight but, so far seems like this format is showing the best success of all my blogs. So I sit here looking out my dining room view window at the die hard golfers on the course and wonder, how many of them are actually financially free. I don't proclaim to have achieved any great level of financial status. In my opinion I'd say that I'm Pre-Reaganomics Upper Middle class at best. In some circles probably called an emulator. In the hood we say perpetrator. I like studying and learning from those that are wealthy. I've been fortunate and able to amass lots of data on different wealthy individuals. Information about their attributes, quirks, habits, and pet peeve. There's quite a few in my neighborhood. I have a hobby that I call wealth watching. It's similar to bird watching. Often when I'm out during my morning walk I take time to talk to a few of them. I can always tell the seriously affluent from those that are not. It's like reading poker faces. It's not always in the attire. For instance one of my neighbors always dresses in jeans and overalls yet, this same gentleman acquired great sums of money investing in raw land around the Houston area. After talking to him for awhile, one comes to the conclusion that he is indeed quite wealthy. Or what about the the wife turned mistress of a well known recently retired sports icon who lives down the street. She bears all the resemblance of the affluent yet sells exercise tapes
to supplement her income. A good friend once said, "I've been rich and I've been poor. Being rich is more fun"
Money and Sex Test
I heard on the news that sex is on of the biggest tools to market goods and services. Consumers flock to products associated with designed to appeal to one's sexual motivations. How often have we bought a book or movie by it's cover. Personally Sci-fi is my preference but, the statistics show that money and sex go hand and hand. To test this theory, I'm going to utilize the vast collection of pics from my lingerie business to place on some of my blogs. I'm going to gage viewer responses for a period of 1 month. Leave a comment or take the poll.
Thursday, January 24, 2008
Money Density
The ability to attract great sums of wealth. Some have it, some don't. It's been said that if all the money in the world was divided and distributed evenly, those that are currently wealthy would have most of their wealth back within 48 hrs. Why is that?
Rich is to Poor as Health is to?
The difference between the rich and the poor is mostly between their ears. That's correct you heard me right, between their ears. The rich are generally not smarter, they don't have more hours available each day, they are not stronger, or luckier than the poor. The difference is the way the rich think opposed to the way the poor think about money.
Financially Free: is when the extra cashflow from all of your assets exceeds all of your monthly expenses and you no longer need to go to work each day, if you choose not to. Allowing you more free time to buy more income producing assets.
Wealthy: is when you have accumulated enough money and assets, that if you never brought in another dollar of income, you could comfortably live the lifestyle of your choice for the rest of your life. Read entire Article
View technorati.com
Financially Free: is when the extra cashflow from all of your assets exceeds all of your monthly expenses and you no longer need to go to work each day, if you choose not to. Allowing you more free time to buy more income producing assets.
Wealthy: is when you have accumulated enough money and assets, that if you never brought in another dollar of income, you could comfortably live the lifestyle of your choice for the rest of your life. Read entire Article
View technorati.com
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