Who Am I and Why Should You Care?

I've spent the last 20 years in the trenches of the Real Estate and Mortgage Industry, until August of 2007, when it all came to a screeching halt. As I tell the story "I spent 3 days curled up in the fetal position under my bed, and then finally decided to crawl out and get back to work."

Why all the angst? I had just spent the last 6 months putting t...

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Who Am I and Why Should You Care?

I've spent the last 20 years in the trenches of the Real Estate and Mortgage Industry, until August of 2007, when it all came to a screeching halt. As I tell the story "I spent 3 days curled up in the fetal position under my bed, and then finally decided to crawl out and get back to work."

Why all the angst? I had just spent the last 6 months putting together a Reg D, Private Placement in order to start my own bank to do hard money loans to bail people out of bankruptcy and foreclosure. And then Bear Stearns announced the failure of 2 of its hedge funds and I saw the writing on the wall; the end was near.

I had started in the Real Estate business in the late 80's, working with my brother to sell REO's for Fannie Mae, Countrywide and the RTC, which was in charge of disposing of the assets for the over 1,800 Savings & Loans that had failed.

By the mid-90's I moved into the Mortgage Industry where I immediately started working with Bankruptcy Attorneys to help bail their clients out of bankruptcy and foreclosure.

A lot of people will tell you that sub-prime and hard money loans are bad, but when I could help a homeowner whose bankruptcy was failing and was about to lose their home, not only lower their monthly outlay by a $1,000 or more a month, but also save their home, I think that's a pretty good use of the money. That's why I was starting the bank, to bring in more money to help out more homeowners.

But then the end came and I had to figure out another way to help homeowners. I could help first-time homeowners, but their were plenty of guys left in the business to help them, so I began to look at what the marketplace needed and mostly how I could use my years of working with attorneys to help people save their homes.

My journey has led me to where I am today. In the coming months I will be posting many blogs about the different programs I am working on to assist homeowners and real estate investors, including the release of my newest book "Real Estate's Future" (whenever I finally get a chance to finish it!!!). You can sign up for a free copy at RealEstatesFuture.com.

I will be writing about what I see is happening in the market today, from the viewpoint of someone who is very skeptical of what the government is trying to do and with the eye of helping the homeowner to move in the direction that will serve them best. This includes helping people with Loan Modification and Short Sale. You can find more information at MortgageAnswerman.com, ModificationHotline.com and Short-SaleHotline.com.