The Mortgage Relief Formula and Other Real Estate Tools

Here is a listing of possible options for someone facing foreclosure.

1. Sell the property.
2. Work out a deal.
3. Refinance with a subprime lender.
4. File Chapter 7 bankruptcy.
5. File Chapter 13 bankruptcy.
6. Short sale/deed in lieu of foreclosure.
7. Walk away from the house.
8. Loan Modification
9. 9 Day house Sale

Not all of these options are pleasant, and some may not be available to all borrowers. Most people would prefer to KEEP their home. They just don't know how to go about it. In this case, The Mortgage Relief Formula can help with the process.

Richard Geller, developer of Mortgage Relief Formula, said, "More homeowners are seeking do-it-yourself solutions to their mortgage and debt problems. The Mortgage Relief Formula teaches homeowners how to help themselves. People have little or no equity in their homes and can't afford to continue to make the payments. The Mortgage Relief Formula shows them the way out."

he Mortgage Relief Formula also comes with 3 cds with industry insiders and a written manual that is broken down into sections and covers:

- how to do a deed in lieu of foreclosure,

- how to get your lender to lower your mortgage payments without getting a new loan,

- how to get your lender to agree to a short sale,

- how to sell your house in nine days even when there are no buyers,

- how to slash your credit card debts while raising your FICO scores,

- and even how to buy another house when you have had a foreclosure, with no cash and no credit.

It contains secrets that quite frankly turn the tables on your lender," According to Mr. Richard Geller developer of the program.

Learn How People Are Keeping Homes and Saving Their Credit

Richard Geller's Mortgage Relief Formula Offers Options For Homeowners

Mortgage professionals who are struggling with a national spike in residential foreclosure rates were warned yesterday to expect more of the same.

Home mortgage loans in California went into default last quarter at the highest rate in more than eight years, according to the DataQuick Information Systems research firm. Lenders sent notices of default, the first step in the foreclosure process, to 37,273 California homeowners during the fourth quarter. That marked a rise of nearly 37 percent from the previous quarter and an increase of 145 percent from the fourth quarter of 2005.

The Center for Responsible Lending recently predicted that foreclosures will increase in many markets as housing appreciation slows or reverses. The center has projected that 2.2 million borrowers will lose their homes and up to $164 billion of wealth.

Consumers have difficulty finding someone from their mortgage companies to negotiate with when they fall behind in their payments. Mitchell said one way to reduce foreclosure rates is to work more closely with delinquent borrowers.

How Delinquent Home Buyers Can Help Themselves With The Mortgage Relief Formula

Mortgage lending industry layoffs have risen and jumped dramatically lately as surging home foreclosures, lagging prices for homes, and a credit crunch force home lenders across America to scale back on business.

American Home Mortgage Investment Corp., Capital One Financial Corporation, Countrywide Financial and many others of America's largest mortgage companies, have announced job losses and others have filed for bankruptcy protection.
Construction companies have also announced nearly 20,000 job cuts this year, while the National Association of Realtors expects membership rolls to decline this year for the first time in a decade.

This trend has been building and there a numerous well-documented reasons for it. The result of so much subprime lending is record foreclosures.The effects will be felt from Wall Street to Main Streets all over America and doesn't show any signs of immediately slowing down.

Sometimes it's extremely difficult to muster up the positive mental attitude to see opportunity in seemingly bad situation. Things get so out of hand that it's easy to become discouraged to the point of feeling despair. Those are the times when you are really put to the test - especially if the test is an extended one.

It has been said that every adversity brings with it an equivalent or greater opportunity for success. All that is required is different thinking, perhaps a new view point and action. Problems can be overcome by taking bold, courageous, individual action. As they say, the only limits are those that you place on yourself.

That being said there are still opportunities in the industry, some have made the switch to loan servicing, commercial banking, management, and even foreclosure loss mitigation. The Real Estate and Mortgage industries aren't dead, there will just be less people in them.

Below is an information to help home owners prevent or stop foreclosure and STAY in their homes. If needed there are solutions to sell quickly that you may not have been aware of. National mortgage defaults and Foreclosures statistics are at 30 year highs and rising rapidly.

Learn more about FORECLOSURE LOAN MODIFICATION And Mortgage Relief

High risk sub-prime mortgages were made in nearly every corner of the nation, from small towns in the middle of nowhere to inner cities to more affluent suburban areas.

A report by The Wall Street Journal indicates that from 2004 to 2006, when home prices reached record highs in many parts of the country, more than 2,500 banks, thrifts, credit unions and mortgage companies made a combined $1.5 trillion in high-interest-rate loans. Most subprime loans, which are extended to borrowers with sketchy credit or stretched finances, fall into this basket.

While sub-prime mortgages may have typically been thought of as an offering to those with low incomes or spotty credit the actual data contradicts common assumptions. High rate lending also rose sharply in middle class and wealthier communitites as well. Many saw the mortgage packages offered as an answer to rising prices.

Wlth real estate prices rising, aggressive lending, and relaxed credit standards many got into homes that they really could not afford thinking that they could sell or refinance later. Now, with prices failing and credit tightening many are ready to walk away from their homes as they face foreclosure.

Adding to the problem many were offered second mortgages or piggyback loans that were used to cover down payments.

Loans to speculative real estate investors have added to the problem as well. Such properties are at a higher risk than a primary residence. Believe it or not many renters are at risk as eager investors can not afford their payments

Due to the fact that many lenders were not required to report pricing details until 2004 many may not know that they are in potential trouble. With billions of adjustable loans set to adjust thru 2008 there seems little end in sight. Now there are options and your can save your home.

How to Help Solve the Foreclosure Problem For Yourself Get Mortgage Relief

The Fastest Way To Win the REAL CASH FLOW
Game The Utlimate Investors Guide GET Unsecured Lines of Business Credit

You probably know that a loan in your name gets reported to all 3 credit bureaus. And this borrowed money shows up on your credit report. The more you owe on your credit report, the lower your credit score will be.

But - pay attention now - this is the secret to wealth ...the way to get loans and credit cards that NEVER show up on your personal credit report?

Here it is

When you get a business line of credit or a business credit card In The Name Of Your Business, it will never appear on your personal credit report.

So you can get large amounts of cash from the banks I work with every day -- my private lender list -- without worrying about your personal credit score suffering from all this activity. In fact my system is an easy way for people to enjoy privacy - by not disclosing what they own on their credit report.

The process is totally legal and aboveboard. The rich have been using this technique for years!

And you can start a business on paper for almost nothing. Just pick out a cool name for your new business and submit it online. No matter how much cash you take out in the name of your business, your credit score never drops.

This is the best way most people have ever seen to get cash to buy real estate. Because, in effect, the money is INVISIBLE. Do you see now why I keep saying that you can afford to invest in real estate?

Because the money is as good as in your hands!

Thats why I chose the name The Ultimate Real Estate Investors Guide.. Because, my system doesnt just teach you everything you need to know about real estate investing. It teaches you how to get the money to do it!

Yes, you can buy real estate without using your own cash, if you know how to get these new business lines of credit.

This is the ULTIMATE no money down way to invest - because you are a CASH buyer with my system. You just dont need to use your own CASH!

And I can show you how to do this at:

The Utlimate Investors Guide

Armando Montelongo famous for His Show Flip this house on A&E reveals his real estate secrets.

The one thing I want you to think about as we are starting the New Year is the single most important factor in all of business. Take and throw everything you know out the window because without this one possession, you'll end up more lost than driving down an old country, dirt road in Alabama.

It's called direction...

Direction for you and your business...

Since it's the beginning of a new year, you should initiate the year off on the right foot. Take the next few days to work on your real estate business instead of in it. What do I mean here? Shut off all the phones and conduct some serious soul searching to figure out what it is you're really looking for from your real estate business. See, it's time for you to stop tiptoeing along and get to work. This can be your year to stop being a "lookie-lou" and become a real investor. More on that in a sec but let me ask you -

"What direction are you heading in right now?" Are you where you want to be in life?

And no I'm not trying to sound like the latest Geico commercial with Tony Little yelling, "Yeah Baby, you can do it."

I'm being totally serious here. See, a few years ago, when I worked at the J-O-B, I had a Franklin Covey planner that I tracked all of my goals, my appointments, heck my entire life in that one little book. Anyway, after moving a little over three years ago, my wife found this little book tucked away in a pile of stuff. She opened this book and proceeded to read what I had written for my goals and the direction for our businesses and our lives. She was shocked to see that nearly all of the items I had listed had come to pass. And the ones that hadn't were not our really our goals anymore, as we were striving for bigger things.

So, the moral to the story is this: if you don't know the direction you're heading in, then how in the heck do you intend to ever get there? Do you think one day, you'll suddenly wake up and say, "Oh, this is exactly what I want"?

I think not.

You've got to have a plan: A plan of Massive Action to get your butt moving in the right direction.

Now, some of you may ask, what do I do if my plan fails?

This type of thinking simply comes from the fear of failing. This stops most investors dead in their tracks from ever buying their first property. They read articles, books, and even buy courses, yet they remain inactive in buying any real estate, never realizing their dreams of escaping the rat race. They talk a big game about what they're going to do, but they always seem to be just talking and not doing.

My response to the above question is that we can play "the what if" game all day long and still be at the same point you're at now except a little more frustrated. But let me ask you this: What if your plan works? What if you knew beyond a shadow of a doubt that you wouldn't fail? Would you then still procrastinate? Would you put off running that ad to buy houses? Would you still drive by that house in preforeclosure, yet convince yourself they're not at home so that you won't knock on the door?

It's time you get serious about your financial future because the one thing that keeps passing us by regardless if we take action or not is our time.

So, I 'm going to show you how to get off your butt and take action. It's something I've used for years and believe that you'll benefit as well. Here it goes.

First, I want you to identify where you want to be. This is the most important piece to the puzzle. Get some direction about your business and your life. Identify what's makes you tick... Write this down. This could be something like you want to buy six houses per year with a net of $10K or whatever your situation is.

Next, what actions do you need to take to get to this point? Write down, what you'll have to become as a person to fulfill your goal. Now, this person that you have to become, what do they do? What actions would they take?

Now, I want you to ask yourself, "What is it you can do over the next ninety days to get closer to your goal?"

Then, write down the actions and tasks that you'll commit to completing in the next ninety days to realize your goal. When I say commit, I mean you have to be committed more than the average "Hollywood marriage" and stick with your plan adjusting it as you go along the way.

Along the way, as you complete some of the tasks, you want to reward yourself. Maybe, you've finally sold that house that seemed like it would never sell or maybe you've talked with 20 sellers or whatever your tasks was, then reward yourself accordingly. Now, I'm not saying break the bank, just take a percentage of your profits from your next deal as a reward for your work. Maybe it's a weekend getaway or it could be as simple as having a nice dinner with your family.

Now, you must remember to focus like a "laser guided missile". It's easy to get caught up with everything going on around you, however it's crucial you remain focused with your eyes clearly set on your goals. I admit that I struggle with this every day. With the internet and running several businesses, it's easy to get involved with all the day-to-day crap or surfing the net for hours on end. Ask yourself daily; what is the most productive, profitable use of my time? Finally, at the end of the ninety days, it's time to look at what you've accomplished and repeat adjusting your plan from what you've already completed. I want you to do this process starting with the end in mind of where you want, and then backing your way to do the things necessary to achieve the end result.

If you fail to take time to do these simple yet powerful steps, then I grant that you don't have what it takes to be a successful real estate investor. You must remain as the visionary for where you want to lead your business and the steps to getting there. If you fail to have this vision, then you'll always be working for someone that does. However, if you follow theses simple steps, then you'll be amazed at the amount of ground you can cover over the next ninety days. Commit to making this your best year ever. Screw the resolutions and focus on getting things done!

Derek Pierce Shows You The Step By Step Methods to Creating Large Chunks of Cash Investing In Real Estate Without Credit Checks, Without The Banks, And Without Begging Anyone For A Loan in The Real Estate UnderGround. Stop Screwing Around And Discover How Real Deals Are Done in The UnderGround Learn underground Real Estate Investing.