Home Sale Relief

Bush Paulson, what a pair. Paulson has been trying to bail out Citigroup and the other big banks. Bush is in bed with big financial interests including Paulson’s former employer Goldman Sachs and every large bank and brokerage.

Asset backed finance has propelled record profits and record bonuses for financial institutions in recent years. But the fact is that these profits were illusory. Now the losses are coming home and do you think that any of these investment types who had big bonuses will give them back? In fact, do you think that there will be no bonuses this year (hint: I think there will be but it will be very controversial.)

What this has to do with you and me is this. The Bush Paulson freeze plan is window dressing. But that doesn’t mean you shouldn’t try to take advantage of it:

1. Call your lender.

2. Make friends with someone in loss mitigation. Be nice. Be polite. Don’t badmouth.

3. Be persistent.

4. Discuss your situation and ask them for a freeze on your adjustable mortgage rate.

You will need to submit paperwork proving your income is steady, and that you can make the “teaser” payments, and they will check your credit and want you to have pretty decent credit.

Or you can play hardball with them, and negotiate short sale mortgage paperwork or  deed in lieu of foreclosure. I don’t see the sense in living in a house you can’t afford that is falling in value month after month and, who knows, year after year, unless you want to be there.

Visit www.HomeSaleRelief.com to get instant access to my 25 page acclaimed report Keep Your Home avoid foreclosure, and take my free 20 minute course on how to lower mortgage payments without getting a new loan, how to sell your home in nine days when there are no buyers around, how to cut down your credit card debts outside of bankruptcy so as to improve your credit, and more.