Mortgage Default Secrets
| Author | : | |
| Rating | : | 4.96 (941 Votes) |
| Asin | : | B00BN1LE6Y |
| Format Type | : | |
| Number of Pages | : | 328 Pages |
| Publish Date | : | 2016-04-08 |
| Language | : | English |
DESCRIPTION:
"Interesting" according to 265XUE. Interesting and thoughtful book about mortgage defaulting. I don't recommend this unless you have to, but here is everything you need to know. 5 stars. Useful info but There is some useful info in this book. I would have rated it higher except for the price. $8.99 is a bit pricey for a relatively short e-book. But if you are about to go through a mortgage default and want to do it strategically, it is probably worth the $8.99.
Stuck in a mortgage you can’t get out of?Current prices way below your mortgage value? Angry American Homeowner Reveals 21 Strategic Mortgage Default Secrets Banks & Lenders Don’t Want You To Know!In this book written from my personal experience, learn: What “strategic mortgage default” is and why banks and lenders are often powerless to stop the situationThe scare tactics banks use to coerce or even threaten homeowners into keeping up with their monthly mortgage payments (I show you a way to get around these almost devious scare tactics.)The #1 tool banks and lenders like to use to discourage strategic mortgage default and why it is so painfully effective for MOST peopleThe truth about strategic mortgage default and why it is NOT as unethical as the banks and government makes it out to be (What you read here may shock you!)Why it is NOT in the bank’s best interests that you default on your mortgage and what you can do to take advantage of this factThe truth about what happens to your credit after a strategic mortgage default (and ways you can safeguard yourself against the inconveniences right now before it is too late)What exactly happens during a strategic mortgage default (Most homeowners think it is as simple as stopping their monthly payments but doing so without the right safeguards will lead to SERIOUS legal consequences!)What smart homeowners do to get their banks to negotiate with them before the situation turns uglyThe consequences (both positive & negative) of strategic mortgage default that the mainstream media will NOT tell you about (As someone who has been through the whole process before I spill the beans about what happens during each stage of the process.)How not to be carried away by the media and think that strategic default is the ONLY option for you as a homeowner (I teach you how to assess the entire situation before making a decision.)Why you should be wary of someone who sells you “strategic mortgage default” services (These guys are often trying to PROFIT from your distress and here’s how to decide whether you should work with them.)What to do if you mortgage is currently way underwaterWhat you can do with the monthly cash payments freed up from not having to pay your mortgage (I teach you a way to use this payment to safeguard yourself and prepare for the future instead of squandering it all away.)The 7 main worries homeowners who intend to default strategically are concerned with and why MOST of these worries are due to the misinformation given by the mainstream media or banks themselves! (There are only 2 questions you should be concerned about.)5 questions EVERY homeowner must ask before a strategic default so as to decide whether it is “worth it” to default on their mortgage (Most reckless defaulters make the mistake of asking only ONE of these 5 questions, and not looking at the big picture.)One thing you MUST do early on in your strategic loan default process (Doing this will save you from lots of headache and frustrations later!)3 golden rules you should obey to execute a strategic mortgage default (These are the rules banks and lenders don’t want you to know about because it puts the power into your hands.)One quick way to banish the “embarrassment” or feelings of “dishonesty” that banks try to make you feel during the process (Once you understand this principle, you will not be affected by any of the cheap scare or guilt tactics used by the banks.)One secret of dealing with banks or lenders and getting them “to your side” (It all starts with using this rapport building method I stumbled upon.)What the time value of money is and why it is so relevant to your situation especially if your mortgage is way underwater (Once you understand this financial concept, you will cut through all the confusion of whether you should strategically default on your mortgage.)And more