How to Help Yourself Out of a Foreclosure
How do you stop this? In the last several months we have seen a dramatic rise in foreclosure list of properties on the market.
How does Joe average homeowner get his house and home out of foreclosure? This is a very emotional subject that we must approach with as little emotion as possible.
Let's talk about some of the simple reasons that people gone into foreclosure in the last several months.
A enormous amount of job loss across the nation has been a major player.
This job loss has caused many two income families to loose half if not all of the total monthly income.
This problem has a direct relationship of course to the current real estate market/foreclosure problems we have been facing and seeing over the last eight months to a year.
How do you keep your home? When faced with a dramatic income loss? Simply put...
You do everything you can to make that mortgage payment! Gone are the days when your ego should be getting in the way of how much money you save or spend.
Recently a major news network showed a former hedge fund manager who had reverted back to delivering pizza's.
This man stated that he went from making $750,000 a year to making $7.
95 an hour plus tips This same individual gets my utmost respect, due to the fact that he "stood up" to what is his duty as a father, husband and family provider.
His ego has not gotten in the way or prevented him from taking a job to be consider lower than himself.
This man is doing a exactly what, a father should do.
Some of the simple elements can be factored into how to save your home are the following: Selloff on the unnecessary material objects.
You have multiple cars? How many can you drive at once? Do you have that project hot rod sitting in your garage that you haven't touched in years? Are you obsessed about your 62 inch plasma screen TV that you bought when you refinanced your home? Are you still trying to live at means that quite simply is not attainable to your financial situation? Have you cut back the cable? Have you reduced your Internet service to dial up? Are you going out to eat still? Are you spending money on prepackaged food ideas? Have you canceled your bottled water delivery? Get another job.
Doesn't matter what you looking at getting just get another job, bringing in more money to your family.
Swallow your pride is nothing wrong with taking a delivery job.
I know real estate agents that have gone out and started doing everything.
( just a couple of cases cases from working at a car wash to working at the local bookstore.
) What is permitting you from doing the same thing? Get a nighttime job on the weekends as a security guard, work at a third shift at a manufacturing plant doing simple assembly, be a telephone solicitor.
Etc.
etc.
We have enjoyed a vast amount of wealth and job growth and financial stability in the last 5 to 10 years.
While those times, apparently, have avoided us for last three years.
We are beginning to see signs of small changes that are happening, but they have not been given to us by our local politicians or the current political administration.
Remember, small business owners have always generated the majority of the paychecks that have gone out the average Joe blue-collar worker in the United States.
Now is not the time to expect your government to bail you out.
It's our job.
This is our responsibility.
It is our turn to take care of our families.
If your home has been hit with a foreclosure or you have gotten a foreclosure notice, it is your job, is your responsibility.
It is your need to take care of this.
Take responsibility for your financial situation.
We are currently experiencing a lull in the economy as a nation.
Recession if you will, depression if you wish.
It's your choice whether you are partake in it.
Simply put, cycles for economic growth and economic decline have gone on since the beginning of monetary time.
It's your choice whether you are going to partake in it or whether you are going to sit down and whine and be a victim.