The Byron Blog

Successful Short Sales

btwatts — Fri, 21 May 2010 04:15:42 +0000

Short Sales are being done successfully, legally and with full disclosure to all parties all over the country by sophisticated real estate agents and investors working together. They recognize that the best buyer for a default seller who has listed the property with a real estate agent is a wholesale real estate investor skilled at navigating the complexities of the short sale process and who has the patience to bridge the gap between short sale reality and retail expectations.

Come Home

btwatts — Wed, 03 Mar 2010 07:38:47 +0000

This post is a little different than most of the others. It’s written for a friend.

Come Home

When the struggles of your day are greater than you can bear – you know it’s time [to come home].

Jesus promised the load never too heavy, the burden is light with Him. When it’s too heavy; more than you can stand you know it’s time [to come home].

[He Says:] My yoke is Easy and my burden Light – When it’s not you know it’s time [to come home].

- -

I have run the race. I have fought the good fight – I have finished the course. Now, it’s time [to come home]. Jesus give me Dying Grace, Help me finish up the Race.

Make my life [to] leave a Trace – of your Amazing Love; Amazing Grace.

How sweet the name of Jesus – sound that brings me Peace – He leads me in Pastures Green; beside the Quiet Streams. It is Well with my Soul.

When the Race is Run and the Prize is Won and the Path is Done, I will see Jesus Face to Face.

Don’t Cry for me; I’m with Jesus. I have Finished my Race. I have completed the Purpose God Created me for. Now it’s Time for you to Go Forward – Your Race is not finished Yet. Your Goal has Not been Reached. Jesus is not ready for you in Heaven Yet. Press On. Go Forward. Move On. Jesus is the sweetest name you know. When it’s all said and done, it’s the People you Know and Love who Matter. Put a sticker on everything you see. Either it’s a Relationship and lasts forever – or it’s Stuff that is only Temporary. Live for the Things That Matter. The Stuff all goes Back in the Box. When the struggles of your day are more than you can bear –you know it’s time [to come home].

- -

Gone Home. The Door is Open For You. I’ll be Waiting for you There.

White Knight, March 2, 2010

Happy New Year!

btwatts — Mon, 04 Jan 2010 23:00:23 +0000

Byron T Watts www.ByronWatts.com

My team and I have been specializing in short sales for more than ten years and are currently looking to purchase more properties. I prefer commercial properties, luxury homes and houses that are above median price for the area and will consider working on overleveraged properties in almost any area.

I’ve been receiving tons of emails asking me to explain how my process works.

If you have an overleveraged property in mind and the seller is headed toward foreclosure I can often help. My team will purchase the property AND negotiate with the bank so you don’t have to spend your valuable time on hold with the bank. You can focus on what you do best; finding and getting more properties SOLD! We work with you or your Realtor to list the property and take it to closing. We fully disclose everything to the bank and our legal team makes certain we are compliant.

You might have another kind of deal, perhaps one that doesn’t require a short sale. If you have a discounted property and need to find a buyer call me directly at 507-319-5788. It’s the best way to reach me. Let’s review the scenario together, and put a plan together to take the deal to the closing table!

We have a Title Company that will close in all fifty States. They are familiar with our process!!

We can fund Short Sales, REO’s, foreclosures, multi-family and commercial properties.

Byron

832-592-7853
507-319-5788

248-598-0004 fax

Short Sale Criteria

btwatts — Sat, 02 Jan 2010 19:58:40 +0000

Byron T Watts www.ByronWatts.com

PO Box 969 Byron, MN 55920

507-319-5788 – cell 248-598-0004 – fax

I currently am looking for Short Sale deals to work on. I have a team in place to handle over 100 deals at a time. I will adjust the process as needed to handle more. My team and I have been specializing in short sales for more than ten years. I buy houses in any location. I prefer commercial properties, luxury homes and houses that are above median price for the area. I will consider working on any overleveraged property. I’m not buying and holding at this time, so properties that we can market and resell make sense. Bank of America is currently the most difficult bank to work with.

I’ve been receiving tons of emails asking me to explain how my process works.

If you have an overleveraged property in mind and the seller is headed toward foreclosure I can often help. My team will write an agreement with the seller to purchase the property. We use our own negotiators to talk with the bank so you don’t have to spend your valuable time on hold with the bank. You can focus on what you do best; finding and getting more houses SOLD! We work with you or your Realtor to list the property and take it to closing. Our agreement with the property owner specifically gives us permission to negotiate with the bank and the right to market the property so an end buyer can be found. We fully disclose everything to the bank and our legal team makes sure we do everything right.

The end buyer CANNOT use FHA financing for most types of deals because there is a 3 month SEASONING requirement that will kill the deal at the closing table. This is something that we need to AVOID. The end buyer will have to use conventional financing or cash. If they are getting financing, the bank they use must NOT require seasoning. We need to verify this before closing on every deal. This is VERY IMPORTANT.

We have a Title Company that will close in all fifty States. They are familiar with our process!!

We can fund Short Sales, REO’s, foreclosures, multi-family and some commercial properties. We do NOT buy and hold property at this time. The end buyer needs to be approved and ready to be contracted on a discounted property before we will fund and close a deal.

When we have reviewed the deal we will let you know if this is a deal we can help you with. If the deal makes sense and needs Proof of Funds, we will have a Proof of Funds Letter emailed to you within 48 hours to get the process started (We submit documents for Short Sale deals directly to the lenders and include the needed Proof of Funds letter).

NEVER give up on deals too quickly. Getting some deals to close takes time and patience. Once we have put a system in place, we can repeat the process. We fully expect to make a lot of money together!

Check out some cool stuff at my blog www.ByronWatts.com/blog and website www.ByronWatts.com. Also check out www.ByronLeads.com.

Hunting vs. Fishing

btwatts — Sat, 02 Jan 2010 17:40:14 +0000

This article was originally written at the beginning of 2010 when a Happy New Year is most appropriate.

Happy New Year! At the beginning of each New Year we seem to have a need to redress how things are going in our life. We review the results of our previous year and move forward to a cheerier and better year ahead. With this in mind, I repeat, Happy New Year I pray that you had the Merriest Christmas ever and are looking forward to the most amazing year of your life! Take Action on your commitments and make it so!

In my personal review of the previous year and planning for a better New Year, I reviewed some material by Chris Widener. The title of this article came directly from one of the topics Chris covered.

Hunting vs. Fishing. What’s the difference? In any situation where leads are being generated and processed, there are two ways to approach people. Hunting for a deal or a prospect to present your opportunity, even the best deal in the whole world, leaves the person feeling pursued. Hunted animals are being killed. Hunted people also feel like they are going to be killed. You might have the best opportunity in the whole world. It might solve all of their problems. It might give them unlimited potential for income, completely repair their credit or stop the foreclosure; but if they feel hunted, they will not be interested. Their goal is to stop feeling hunted, so they dismiss you and your presentation quickly and coldly and continue on without your assistance; perhaps to their own ruin.

When you’re fishing, the fish is brought into the boat after being attracted to your bait. You have the opportunity to catch and release when it’s appropriate, you aren’t shooting and killing.

When you’re hunting people run. When you’re fishing people come.

The key to success in working with people depends on four things.

There are lots of fish (people)
The fish are hungry. They might not be hungry right now, but later they will be hungry, possibly for exactly what you offer and can do for them.
Certain fish require specific kinds of bait. When you’re trying to sell something, YOU are the bait. If you are not the right kind of bait, they won’t bite.
You have to make the right kind of presentation. Are you polished? Are you low pressure instead of high pressure? Is the presentation credible and compelling?

This partly explains why hungry investors and marketers struggle more than successful presenters. When the person you’re working with feels hunted, they do not want what you have to offer. When you are hungriest, you’re most likely hunting rather than fishing. Give people what they need in the way they need to hear it and they will be more than happy to hear you and work with you…if you’re the right person to help them.

Real Estate Tip: Marketing

There are millions of real estate opportunities available. This makes the first criteria above simple. Lots of opportunities are available. Many of those millions of opportunities come from people who are having a great deal of stress in their lives right now. This satisfies the second criteria – they’re hungry and need a solution. All that remains are the third and fourth criteria. Do you have the right kind of bait to help these people? If they are facing foreclosure, can you help them? If they need a job, can you offer one? Maybe it’s not a job you offer, but a different kind of income opportunity. And the fourth criteria; are you credible and compelling? Do you use high pressure tactics when much lower would work? If you need help with a problem contact me so I can help you work through the situation.

Check out some cool stuff at my blog www.ByronWatts.com/blog and website www.ByronWatts.com. Also check out www.ByronLeads.com.

Short Sales Done Right!

btwatts — Fri, 04 Dec 2009 18:39:19 +0000

Yesterday I received a note from one of my Realtor friends who attended a meeting.

She noted:

“I went to a class today put on by the Minnesota Realtor Association on Short Sales. They had a representative from the FBI and IRS there. They said short sale flips are illegal and they are starting to prosecute. I asked if it is illegal if there is full disclosure to all parties and they said it is.”

But there is one detail that was overlooked.

Just because an Investor is involved doesn’t make it a FLIP.

Yes indeed, I buy and sell short sale properties. I place a contract on the property with the homeowner. With the homeowner’s approval, I negotiate with the banks. I tell the banks that I’m an Investor and fully intend to buy the property and sell it for a profit. I also close the first sale transaction with CASH. If I were to skip any of these points (FULL DISCLOSURE and CASH), I would be in serious danger of doing an illegal transaction.

There are times that a short sale can be done without a second closing. When I sell the property to a CASH buyer, there is often no need for a second closing. I just need to FULLY DISCLOSE that the buyer’s CASH is being used to close my transaction – and they need to agree that this is OKAY.

If you’re working with an Investor, make certain that they are FULLY DISCLOSING the details of the transaction. Also, be CERTAIN that the stipulations of your title company and the banks involved DO NOT prohibit anything you are doing. If the bank specifically says you must hold the property for 90 days before you can sell it:

The Investor might be able to negotiate that requirement out of the closing documents.
The Investor might need to purchase the property and hold it for 90 days to fulfill the requirement.
If the buyer’s bank is the one making this requirement, then the buyer might have to switch to a different bank.

FHA is one of the most difficult to work with when an Investor is involved. Either the buyer will need to not use FHA, or the Investor might need to step out of the way to get the transaction closed.

If the terms of the deal are being followed and the transaction is closed with CASH, there is no problem with buying and selling short sale properties in ANY of the United States.

I buy houses that are becoming a burden and payments are hard. Tell your friend to contact me. I talk to banks and buy with CASH. I FULLY DISCLOSE to the banks that I am an Investor and FULLY intend to buy the property and resell it for a profit. I make CERTAIN that the details of the closing are done correctly.

Call me: 507-319-5788 www.PropertyProblemSolver.com

Agents Have No Duty to Submit Short Sale Offers – Surprised?

btwatts — Tue, 24 Nov 2009 15:32:27 +0000

Guest Post by my friend John Michailidis.

Original source: http://www.brokeragentsocial.com/article.php?article_id=564

Published on Monday, October 26, 2009, 3:52 PM Last Update: 6 day(s) ago by John Michailidis

Category: All Articles » REO’s and Foreclosures

In the course of my speaking to and networking with short sale practitioners in numerous markets across the nation I regularly encounter those who have a completely false impression with respect to who owes which duties to whom in the course of a short sale transaction. More specifically, many agents (both on the selling and buying sides of transactions) erroneously think that ALL short sale offers must be presented to lenders – nothing could be further from the truth!

While all real estate law is subject to individual State legislation and interpretation, and while several areas of law come into play in the course of a real estate transaction (e.g.: contract law, agency law, etc.) there are general principals and practices that can be said to apply. Generally speaking, the laws work like this:

The listing agent for a property owes their fiduciary duties (care, confidentiality, obedience, accountability, loyalty, and disclosure) to the principal/client, who is virtually always the OWNER of the property.
ALL offers must be presented to the OWNER of the property.
The OWNER decides which offer(s) to accept, reject, or counter, based solely on the OWNER’S personal criteria, which may, or may not be price (e.g.: A fast sale may be more important to the owner than a top dollar sale. Similarly, a cash, “as-is” offer may be perceived by the owner to be a better bet than a higher priced offer that has to go through financing and inspection approvals).

For some reason, I find that a very large number of practitioners treat Short Sale transactions as if they were already REO transactions. Such confusion leads to wrong decisions with respect to the presentation of offers, and complicates and prolongs an all too often already complicated and time consuming process. Given these general principals, and in order to answer the question of whether all offers must be presented to a short sale lender, let’s explore the differences between Short Sale and REO/Bank Owned transactions

In an REO transaction the lender has already foreclosed on the property, which means that the LENDER is the OWNER of the property. If we apply the three general principals outlined above to an REO transaction we see that:

The listing agent for the property owes their fiduciary duties to the LENDER.
ALL offers must be presented to the LENDER.
The LENDER decides which offer(s) to accept, reject, or counter, based on the LENDER’S own criteria.

In a Short Sale transaction, while the lender may have initiated the foreclosure process, the BORROWER is still the OWNER of the property. If we apply the three general principals outlined above to a Short Sale transaction we see that:

The listing agent for the property owes their fiduciary duties to the BORROWER (not the lender).
ALL offers must be presented to the BORROWER (not the lender).
The BORROWER (not the lender) decides which offer(s) to accept, reject, or counter, based solely on the BORROWER’S personal criteria, which may, or may not be price (e.g.: In the case of a short sale situation, where interest, fees, and legal costs continue to accrue until the property is sold, a fast sale may be more important to the borrower than a top dollar sale. Similarly, a cash, “as-is” offer may be perceived by the borrower to be a better bet than a higher priced offer that has to go through financing and inspection approvals).

Clearly, in the case of a Short Sale, the agent works for the borrower and the borrower makes the decisions as to which offer(s) to accept, reject, or counter. Once a decision to accept an offer is made by the BORROWER, only then is the offer forwarded to the lender. The transaction proceeds as does any other with respect to subsequent offers that may come in – once an offer is accepted, the borrower is “under contract” (subject to third party approval by the lender) and they do not continue to entertain offers. Yes, they may accept an offer as a “back-up,” but a back-up offer only comes into play when/if the initially accepted offer falls apart, and only then would it be forwarded to the lender.

The lender is merely a third party “approver” of the transaction – they are not “a party to” the transaction. This is an important distinction! The lender simply has the right to reject, or accept the offers that the borrower chooses to forward. You must remember that a short sale is a completely voluntary attempt by a borrower to avoid a foreclosure — a borrower does not have to opt for a short sale. That being the case, if a borrower is under no obligation to even attempt a short sale, how in the world could it be said that a lender has a right to be presented an offer?

Now that you understand the borrower’s obligation to present offers vis-à-vis the lender, let’s shift gears and specifically focus on the short sale listing agent by first asking some questions about the general obligations of real estate agents to their clients, and then extrapolating the answers to short sale agents specifically.

Generally speaking, would it ever be tolerated for the agent of a client to act AGAINST the best interests of that client? Would it ever be tolerated for the agent of a client to act on behalf of a party who was acting expressly AGAINST the interests of their client? The answers of course are that, “Such acts would never be tolerated!”

That said, how could it be possible for the agent of a borrower to be compelled to work for the lender? Isn’t the lender working for THEIR OWN best interests, and not those of the borrower?

Clearly, the lender is working for their own best interests, which are directly adverse to the borrower’s interests (after all, the lender is either in the process of, or threatening to foreclose on the borrower’s property, which is about as adverse a situation as there is). Given the nature of an agent’s fiduciary duties to their clients, the agent for a borrower MUST do all that is legally within the scope of their representation to PROTECT the borrower from the lender and to advocate on behalf of the BORROWER’S position, not the position of the lender. There is nothing wrong with this – this is exactly what an agent is hired to do!

Now that it’s been explained to you, doesn’t it make sense?

Do you see how you have been mistaken if you thought that all short sale offers had to be presented to the lender? If you are a listing agent, do you see how presenting all short sale offers to the lenders could constitute a breech of your fiduciary duties to your clients? If you are a buyer’s agent, do you see that you have absolutely no right whatsoever to DEMAND that your buyers’ short sale offers be presented to lenders?

The bottom line is this: A borrower has no obligation to present all short sale offers to a lender, which means that a borrower’s agent has no obligation to present all short sale offers to a lender, which means that a buyer’s agent has no right to demand their short sale offer be presented to the lender. To transact under any other premise is to misunderstand the process completely.

Interested in short sale and pre-foreclosure investing — check out my pre-foreclosure investing challenge. If you’re interested in learning what the top short sale investors are doing to generate monthly profits visit: http://ShortSalesChampion.com

Luxury Houses – I Buy

btwatts — Mon, 23 Nov 2009 15:54:26 +0000

I buy properties from $500,000 on up. Though if the property is located in Florida, I consider properties that have at least a $200,000 mortgage on them.

I need to find some kind of way that I can make a profit from buying any property. The properties I specialize in are getting behind on payments and often are over leveraged. When the property is over leveraged, my partners and I write a contract with the property owner and get their permission to negotiate directly with the bank.

My team includes expert negotiators and lawyers to make sure we do everything legally and the best way we can; always with full disclosure. We list the property with a local Realtor (this is a GREAT way that Realtors can handle more short sale listings!) who doesn’t need to worry about the details of doing a short sale (though sometimes they help collect the short sale package since they often closer to the homeowner). All of the negotiations with the bank are taken care of by my partners and I.

Once we get the bank approvals we know what the property can sell for and we move forward to sell the property. Generally we are not buying and holding right now. We close the transaction with CASH and hope to sell it to a qualified buyer very shortly after the purchase.

Do you have a property that needs to sell?

Byron
507-319-5788

Today outside my window…

btwatts — Mon, 23 Nov 2009 03:52:25 +0000

Today outside my window, a new day I see. Only I can determine what kind of day it will be.

It can be busy and sunny, laughing and gay or boring and cold, unhappy and gray.

My own state of mind is the determining key, for I am only the person I let myself be.

I can be thoughtful and do all I can to help, or be selfish and think just of myself.

I can enjoy what I do and make it seem fun, or gripe and complain and make it hard on someone.

I can be patient with those who may not understand, or belittle and hurt them as much as I can.

But I have faith in myself and believe what I say, and I personally intend to make the best of each day!

Author Unknown

You Are Not Alone

btwatts — Tue, 17 Nov 2009 08:01:41 +0000

I was visiting with my friend Jeff today. We meet on Monday each week for a bit of accountability and review of our week. During our conversation, we pondered the problem of isolation. I mentioned that a lot of people who are in financial trouble think they are all alone. Nobody understands where they are and what they are going through. We isolate ourselves and try to hide behind our … “game face”. If we don’t acknowledge that there is a problem, we won’t have to deal with it. We have the tendency to hide our situation … sometimes until it’s too late to do any good. We think that telling someone else we have a problem will make them think less of us. It’s embarrassing.

The reason I started thinking about this is related to the housing crisis in the United States. Many families have lost significant income during the last couple years. With 401k declines into 201k territory and income decreases, some people are getting behind on their mortgage and credit card payments. Some have amassed huge credit card bills. The problem of low income has started to catch up with them. When the credit card payments are missed, the bank becomes a bit adversarial and starts raising minimum payments and jacking up interest rates. What was a “barely manageable” situation quickly becomes impossible.

If you were to talk with a bankruptcy attorney, they would naturally suggest that you file bankruptcy to solve the problem. But what are the other options? Many people really don’t know.

Bankruptcy – a not so great idea. The bankruptcy damages your credit for 7 to 10 years.

Credit Counseling – this was set up by the credit card companies to maximize their cash recovery…

Debt Resolution – a sensible solution

Why is Debt Resolution a better alternative?

Reduces your unsecured debt by 60%
Eliminates most or all of the incessant phone calls from creditors
Allows you to pay off the remaining 40% balance at ZERO PERCENT (0%) interest. Compare that to the alternatives and you’ll find that you’re paying significantly LESS money.
Your credit report is much less damaged using Debt Resolution than the alternatives.
After you’ve completed the process of Debt Resolution, you are ready for Credit Repair that can remove many if not most of the blemishes on your credit report.

If you are struggling with a mortgage that is higher than the value of your home, there is a solution you need to know about. If you are getting behind on your mortgage payments and want to keep your home, Loan Modification is an option that might resolve the problem of a too high mortgage balance, or mortgage payments that are too high.

If Loan Modification doesn’t work for you, or you’ve decided not to keep your home, there are several things to consider.

Foreclosure – giving the house back to the bank is not the best solution. Foreclosure damages your credit much like a bankruptcy for 7-10 years. You will end up with larger deficiencies with a foreclosure than you might with other options.

Deed in Lieu – voluntarily giving the house back to the bank is some better than a foreclosure, but not the best solution if other options are available.

Short Sale – the best solution…if the bank cooperates. A short sale dings your credit for 2-4 years. If you combine the short sale process with Credit Repair, the damage to your credit report can be minimized.

What is a short sale?

A short sale is paying the bank less than the amount of the mortgage to settle the account. Any sale that pays the bank less than they are owed requires their agreement. This is the part that makes some short sales difficult. The bank is attempting to recover the maximum amount for the asset. Sometimes the bank chooses to take a property through a full foreclosure believing they will recover more cash that way than by approving a short sale. Remember: the bank’s goal is to recover as much cash as possible.

Do I qualify for a short sale?

If the house has become a problem and you’re getting behind in payments…and Loan Modification doesn’t seem to be the solution for you… You will have to work with the bank to prepare some documents to show the bank that you are having a hardship. Making the payments is not only difficult, but has become impossible for a period of time. This might be due to health issues, loss of a job, increased mortgage payments (due to Adjustable Rate Mortgages in many cases) or too much credit card debt that caused you to run out of resources.

Once the hardship is documented to the bank, the bank spends some time reviewing the value of your home and whether it is in the bank’s best interest to approve a short sale.

Some banks don’t cooperate

At the time of this writing, the worst bank to work with on a short sale is Bank of America / Countrywide. If you have a mortgage with this company, you probably won’t have a successful short sale. The rules surrounding short sales and responses of banks to short sale requests change daily so the “worst” or “best” bank to work with could be completely different when you read this.

The other major cause of banks not approving any particular short sale is their belief that the property value is higher than it really is. A BPO (Brokers Price Opinion) or appraisal is done by the bank to determine the approximate value of the property they are reviewing. If the estimated value of the property comes in too high, the bank might approve a short sale for a price much higher than the property will actually sell for. For example, one property that I have personally been involved with has an approximate maximum value of $50,000. The bank was told by the BPO agent (a Realtor hired to estimate the value of the property) that the property is “worth” $70,000. After all the numbers are crunched, most banks would accept a price of approximately 80% (the exact percentage varies based on what kind of loan is involved, or which bank is involved) of the BPO or appraised value. 80% of $70,000 comes to $56,000. However, if the property will not sell for more than $50,000 the bank approval to accept $56,000 is meaningless. Nobody who is willing to pay $50,000 is going to satisfy the bank’s demand for $56,000. The BPO or appraisal value of a short sale property is essential. If the number comes back low enough a successful short sale can be completed in most cases.

You are not alone

Isolation exaggerates the problems that we face. People facing difficulty often respond in denial. Believing the problem will fix itself, we sometimes choose to do nothing at all. In the case of a foreclosure, or exploding credit card debt doing nothing is the worst possible response. The first step to solving the problem and moving on with your life is to acknowledge that there really is a problem. The problem might be too many bills that wipe out all available cash resources. For some people the problem might take another form. An addiction to gambling might cause bills to pile up. An addiction to almost anything can snowball out of control leaving you powerless to overcome it. Acknowledging there is a problem is the first step.

There is help

Working with a close friend or counselor to deal with the problem can bring significant progress. If Debt Resolution is needed as part of the process, finding a Debt Resolution expert to work with will bring help. If the mortgage needs Loan Modification, then finding a Loan Modification expert to work with will be very helpful. If the answer is to sell the house, then working with a Short Sale expert to sell it and move on with your life will be very helpful. Experts are available to assist you with the problems you face. Depression is one of the results many people struggle with when faced with an overwhelming situation. If the problem goes on too long, the result can be a complete disconnection with reality. Take Action today to deal with the situation you are facing. Imagine being debt free. No longer struggling with the particular problem you are currently facing. Free at last.

Change your results – change your beliefs

Our beliefs bring about our actions. For example, if you believe that you have no power to effect change in a situation, you take no action. If on the other hand, you believe that you can make a difference, you take action based on those beliefs. Action brings results. Nothing happens without action. Action is required to breathe. Action is required to do the work we’ve been assigned. When we believe that what we do makes a difference, our actions take on purpose. We begin to act on purpose. We work like we matter. When this happens, the result of our action reflects exactly what our beliefs really are. Changing the results – overwhelming circumstances in our lives – requires a change in our beliefs. When we change what we believe, we see the effect in the output of our efforts.

Sometimes it is necessary to work though our beliefs with someone trained to help us. Beliefs that we have held for a long time begin to appear normal to us. To adjust beliefs that are off balance, we often need someone who is more objective that we can be by ourselves or with our immediate family.

Fixing the broken

It might take some time, but repairing things we have broken is essential to our recovery. Just getting rid of too much debt does not solve the problem of how we got into debt in the first place. Repaying our debts is necessary to achieve full restoration. Stopping the patterns that caused the pain will lead to both progress and success in our future. If you borrowed money from a personal friend, repay them in full. Assuming that your friend or family member should accept a smaller amount in repayment is a bad idea.

Nothing is the same

Debt free. Addiction free. Beliefs changed. Results changed. After going through an overwhelming situation, nothing is the same. You have grown through the situation. You learned new things. You discovered more accurately who you are. You responded to things you’d rather have skipped over. But, you survived. Now it’s time to thrive! Make the changes required to do things differently in the future. Whatever it takes.

Heal the hurting

Now that you know so much more than you did before, you can help others who are going through the same struggles you yourself faced. You understand. You can lend a helping hand to those who are struggling. If the thing you struggled with was debt, you know how to advise those still struggling. You can direct them to resources that you know about. They haven’t been down this path and are probably still dealing with denial and depression. You are now qualified to guide others through the path you’ve traveled.

Real Estate Tip:

There are many people in the United States who are buried in debt. The economy has made it difficult for some of these people to recover. Many investors have lost millions of dollars in cash, investments and equity leaving their balance sheets in the red. Net worth has suffered a great deal for some long time investors.

Debt Resolution can help you. Loan Modification can help you. Credit Repair can help you.

Take action. Avoid foreclosure. Choose a Short Sale instead.

Use the resources you have available to have a fantastic future! 2010 is just around the corner and it’s going to be amazing!

If you have questions, please contact me. See how I can help you.

Yes!