ARE YOU ONE OF THE MILLIONS OF “HOME FORECLOSURE”
VICTIMS… OR ABOUT TO BECOME ONE?

If you are, you MUST take action immediately to save your home from foreclosure

  Our “Foreclosure and Short Sale” E-book and course is must reading for anyone facing foreclosure
  and  the possible loss of their home.  It covers what you can and MUST know and do to try and
  prevent it from  happening.

  Here is an example of how most Americans fell into this trap:
 

  Phil and Joan Rogers decided to purchase a home in 2005.  They had $25,000 to invest. Interest rates 
  were at eight percent. They could comfortably qualify for a $125,000 mortgage with their $25,000 cash
  down investment and purchase a $150,000 home.

  The $125,000 mortgage would be at 8% for 30 years.  Monthly Principal and Interest payments would 
  be $917 a month.  Taxes and insurance would add another $150 a month for a total monthly PITI 
  (Principal, Interest, Taxes and Insurance) payment of $1,067.

  They met with their bank and the loan officer suggested they could take out an “adjustable rate”
  mortgage and reduce their interest rate to only five percent, at least for the first year.   After some quick
  calculations, the Andrews realize that, because of the low six percent interest rate, they could now
  qualify for a $175,000 mortgage and purchase a $200,000 home with the same $25,000 cash down.

  Unfortunately the Rogers failed to consider the consequences of an “adjustable rate” mortgage.  At the
  lender’s discretion, the rate could increase by two percent per year for three years.  If it did so, the
  Rogers’ interest rate four years from now could increase to as much as 11%.

  Let’s assume the Rogers purchased the $200,000 home.  Here is a chart showing what happens to their
  monthly mortgage payment over the next four years.  We are also assuming that their real estate taxes
  and homeowner’s insurance will also increase by five percent per year.  Their first year, their monthly
  payments on a $200,000 house would be within $22 of the $150,000 house.  You can see why it was
  tempting.

  But, starting year two, it will cost them $225 a month more.

                                                              Year 1              Year 2              Year 3         Year 4         

  Interest Rate                                            5%                   7%                   9%              11%       

  Mortgage Payment                               $   939             $1,164             $1,408         $1,667

  Taxes and Insurance                                  150                  158                  164              172

  Total Monthly Payment                     $1,089             $1,322             $1,572         $1,839

           Note: These figures are approximate, not based on each years' mortgage amortization

  What began as a way to buy more house than they could afford turned to disaster when the 
  realization of an adjustable rate mortgage took effect. 
  By year four their monthly mortgage payments increased from $939 to $1,667… a $728 a
  month increase they can’t afford.  They are now two payments behind and face foreclosure.

 IF YOU HAVEN'T DONE SO, GO TO THE BANK HOLDING YOUR MORTGAGE AND

SIT DOWN WITH A LOAN OFFICER.  TELL HIM OR HER YOUR PROBLEM AND SEE IF YOU CAN WORK OUT A SOLUTION, WITHOUT LOSING YOUR HOME.

Here's a couple of things you should know:

1. Banks are in the retail business, the same as a supermarket or department store.

    They are in the business of buying and selling MONEY!.. and that's all they want to do.

2. They are swamped with foreclosed homes paying no mortgage payments that are needed

    to pay their depositors.  They'll even sell many homes a a price less than the mortgage.

  Sound familiar?  Perhaps you are one of the millions of victims who have fallen into this trap. 
  To make matters worse, a couple of additional factors have contributed to your problem:

  ● We are all facing ever increasing cost of living in food, gas and virtually everything we buy every day.

  ● Many Americans are also facing job cutbacks or even worse, loss of their job.

 Check out our new E-book program on pre-foreclosures, foreclosures and short sales.  You’ll
  learn and be able to use several possible solutions to avoid losing your home…solutions you
  must take now!

  View Contents

E-book - 44 pp - Only $9.97

Order Now