Are You an Underwater Homeowner or Investor?

Hi friends,

How did so many people end up with underwater houses?

If you are like many homeowners today, you feel overwhelmed by what is supposed to be the American dream – homeownership. We have this vision of what it is supposed to be like – cute house, white picket fence, a couple of kids, a dog in the back yard, summer barbeque's, family time, and so much more.

We find a house and fall in love with it. We then find a mortgage broker who offers us an amazing deal – zero down or a low down payment or low fixed payments for two-years or something along those lines. We buy the house, move in, and all is right with the world.


Soon, our two-year low monthly payment resets, the payment raises, then it resets again and the payment continues to rise. Now the stress of making our mortgage payment is all we think about and we become disillusioned with our American dream – homeownership.

The dream continues to crumble when you try to sell your house to get free of the payments only to find that property values have dropped nationwide and you now owe more than your house is worth. Sadly, there are hundreds of thousands of houses on the market that aren’t selling because folks, just like you, owe more than their house is worth.


If you have the time and money, you can wait out the market and sell your property when values come back up. If you are like most American’s, you don’t have the time to wait it out. You want to be relieved of the stress today.

The good news is that there are many solutions available that most people don’t know exist. We are going to talk about leases, subject to’s, rentals, short sales and much, much more. Did you know that you can negotiate with your bank to accept less than you currently owe as full payment? Are you aware that here are government programs that will allow you to rent out your house for three times the current market rents? Folks, no matter where you are in your property situation – there is a perfect solution for you.

Education is power. Once you read this you will begin to realize that you are not alone and that you are not stuck. Let us help you change your life. You will be able to sleep again, you’ll have less stress in your life, and the best part is - you can start fresh and own another home again and continue the American dream - homeownership with knowledge!

There are almost 2 million people in foreclosure with the numbers expected to rise! What is a nation to do when foreclosures are on the rise? We must ban together to help as many people as possible. We have completed over 1,800 personal transactions and coached thousands more through tough situations.


Our goal is to educate you on several different options – that you can do yourself - and to help you pick the option that best suits your needs. There is no reason for you to lie awake at night worrying what you will do, or how you will make your mortgage payment or when the market will change or anything else that is negative and sucks the life out of you.

Many of you reading this might be another type of homeowner - real estate investors disillusioned by their American dream – getting rich buying and selling real estate. There are so many late-night television shows that make real estate investing seem like a breeze. It can be, with the right instruction.

We want to share what is currently happening in our economy. Many of you reading this already recognize that you are in trouble. Some of you have yet to realize it. Either way, recognizing what happened to you, what is still happening to you, why it happened, and what you can do to get stop it from happening again is key to staying above water in the future.

Back in the late 1990’s and in the early part of the 2000’s banks had tougher guidelines to purchase a property when using conventional financing. Banks would lend you money based on your debt to income ratio and your credit score. Back then, a maximum of 30 percent (sometimes up to 40 percent) of your income could be used toward a mortgage payment. Meaning, if your PITI – principle, interest, taxes, and insurance. In some states, the bank collects the full payment and then pays your taxes and homeowners insurance each year. If your monthly income is $2,000, you could qualify for a mortgage payment around $600 PITI.

Most investment properties required a 20 percent down payment and proof that you could afford the investment mortgage payment in addition to your residential mortgage payment.

In some cases, the banks would stretch the loan amount allowing 40 percent of your income to be applied toward the mortgage payment. With 40 percent of your income going towards a mortgage payment, just look at what could or may have already happened to you …

TO BE CONTINUED...

Have a Blessed Day,

Dwan
http://www.theieu.com/