One of the most common questions I get asked as a credit consultant is; How can a short sale be performed without having to damage your credit? The answer is actually quite simple. Always try to prevent the damage to your report prior to the negative item(s) being placed on your report. One false rumor is that in order to qualify for a short sale you need to be late on your mortgage. I will be happy to explain why this rumor is false in another article, the main thing to understand here is that a short sale is a form of loss mitigation.

You are actually helping to minimize the damage your bank is going to suffer by dealing with this situation head on versus living in the home for 6-12 months with no payment and waiting for a foreclosure. The decision you need to have communicated to your bank is would they rather work with you, or against you.

When my firm is retained to help you keep your good credit intact while preventing damage on your credit report, we always like to start early. It takes much more time to clean up a damaged report, then to keep a clean report from being damaged, Although we have been successful in negotiating with Banks into removing short sale delinquencies after the fact, we like to send a certified letter to the bank that attempts to help our clients form an allegiance with the bank. By showing the benefits and cost savings the bank will receive simply by deciding to work with us instead of against us, we can now decide the best strategy to move forward with.

Although this can be accomplished on your own, this is a very difficult procedure and we recommend you consult with us or any professional company that has documented success in this field. There are a lot of "credit repair and short sale specialists" that have no certification at all in this industry, I don't say this to demean any other company, rather I hate to see anyone losing their money to a less then reputable company.

Using our proven strategies we start an alliance with the loss mitigation department of the bank you are working with, negotiate a settlement ahead of time, and before you know it it is possible to have your home sold for less then you owe on it, and walk away with your credit in tact. If you would like more information about this please feel free to contact me with any questions.

 

Hayden Gerson is the President of HPM Financial LLC and a Certified Credit Consultant. If you would like to contact him please visit San Diego Credit Restoration,  or call me toll free at (800) 701-5022 ext 101 for a free comprehensive evaluation.

Let us take a little look at how credit bureaus came into existence. Back around 100 years ago, if you applied for a loan, your credit file was ordered from the local credit bureau (all credit bureaus were local back than).  These bureaus were regional, and often times very small. A secretary went in the back office, and pulled out a paper file with the person’s name on it. Someone would look at the file and decide if they would offer you credit . If there was a questionable marking or error on the file, a simple phone call or visit to the office could clear the matter up. Since there were no computers, this was a manual process.

Credit reporting agencies, also referred to as credit bureaus, were first established by local retail stores and personal finance companies to share information about their customers. In 1906, the bureaus established a trade association called the Associated Credit Bureaus (ACB), to help facilitate the sharing of credit related information across the country. Apparently credit reporting was a hit because the membership of the ACB grew substantially, as did the number of people covered.  However, as late as the 1960s, technological limitations restricted the coverage of even the largest credit bureaus to only a few cities. Remember that computers were not used during these times, it was a manual process.

Back then, credit bureaus would collect every bit of information they could about a person, including employment history, marital status, age, race, religion, testimonials, and any other information they could get their hands on. With all that information at their fingertips, discrimination was not uncommon. Today, using these types of criteria are illegal.

A whole lot has changed since then. For one, laws prevent credit bureaus from discriminating or storing whatever they want. Second, the corporate titans have bought up all the local credit bureaus monopolized the business (The three bureaus are Experian, Equifax, and Trans Union). Another change is the use of computers. Storing all those files in file folders in the office and having a human personally review each file to make a lending decision became downright unmanageable as well as unprofitable. The advent of computers has allowed credit bureaus to maintain files on millions of people. Now, instead of having a person review each file, the computer uses a mathematical model and instantaneously spits out a number known as a credit score. The entire credit reporting system is now automated and lenders make credit decisions in minutes compared to what formerly took days or weeks.

The Fair Credit Reporting Act (FCRA) was passed to add accountability to the credit reporting process. Unfortunately, the FCRA did not fix credit reporting system’s problems. The problem with the bureaus today, is that by having a computer make decisions you are bound to errors, in fact 79% of Americans have at least one major error on their credit.

 

Stay tuned for part two where I will explain about how FICO came into existence, and how to improve your credit.

For more info about the service, and more info about HPM Financial, go to HPM Financial

About HPM Financial: Founded by a Realtor and Mortgage Broker, HPM Financial leads the credit remediation industry a revolutionary broker portal alllowing 24/7 online access, a web 2.0 broker portal, and an industry high deletion ratio. Even a 100% money back guarantee is offered. For more info go to San Diego Credit Repair or call (800) 701-5022 ext 101

On Saturday at 2:22AM I was blessed with the gift of fatherhood. 9 long months finally came to a conclusion. My wife and I are overjoyed by this wonderful gift from God. It is moments like this that make life so awesome and amazing. Looking at my little girl makes me want to work even harder to make sure she has a wonderful life. As I promised, here are the pictures

 

 

 

Baby Melissa's Birth: 05/10/2008

 

Click on the photo above for the entire gallery.

 

 

 

BTW: Those of you who told me that there is no experience like holding your child for the first time, you are correct

I have recently posted results online at Credit Repair Results just click on any of the blue numbers to see the actual results.

Recently we have recently setup a back end system for our referral partners where they can track the progress of the clients that they have submitted to us for processing. This is a very important system as you will now know when your clients scores have increased to the amount needed.

We also launched a referral program where each client you send us that signs up for our service will earn you a $75 referral fee and if you send three or more clients a month you will receive $100.

About HPM Financial: Founded by a Realtor and Mortgage Broker, HPM Financial leads the credit repair industry with a industry high deletion ratio, money back guarantee, and an integrated Realtor/Loan Officer processing system. For more info go to Effective Credit or call (800) 701-5022 ext 1.

After reading a number of posts here on Active Rain about credit repair, as well as doing a lot of research, I have concluded that most Realtors and loan officers have had bad experiences with Credit Repair. Being Realtor/Loan Officer for the last 5 years as well as owning a credit repair company I know how important it is to deliver what you promise and to get great results. I have recently dedicated my entire time to helping others improve their credit.



I have decided to give one member of Active Rain six months worth of credit repair for FREE. The person selected must agree to allow my company to post before and after results (just the increases) and to follow the guidelines of the program. Keep in mind that the results will be posted on a member only blog. We have all run into hard times in life, and there is no reason why you should have to have a lower credit score then you deserve. This is the first time our company has offered this program so it will be an experiment and then we can let the results speak for themselves. THERE IS NO MINIMUM FICO SCORE.


If you are interested in being selected please comment below and the winner will be selected within the next seven days. If you would like to be considered please post a comment below and I will contact you and will let you know if you are going to be the one.

About HPM Financial: HPM Financial leads the credit repair industry with a industry high deletion ratio, money back guarantee, and an integrated Realtor/Loan Officer processing system. For more info go to Credit Repair That Works or call (800) 701-5022 ext 1.

We have posted some of our clients results online Effective Credit Repair.

Many of you have heard of Ron Paul, many of you have not. This coming presidential election is very important as times are getting tough. Both parties have caused so many problems, and either way you will end up with the same situation. The only person that can change this country is someone who is independent of this scam we call the two party system. Here are some of the positions Dr. Ron Paul takes:

 

PROPERTY RIGHTS 

We must stop special interests from violating property rights and literally driving families from their homes, farms and ranches.

Today, we face a new threat of widespread eminent domain actions as a result of powerful interests who want to build a NAFTA superhighway through the United States from Mexico to Canada.

We also face another danger in regulatory takings: Through excess regulation, governments deprive property owners of significant value and use of their properties — all without paying “just compensation.”

Property rights are the foundation of all rights in a free society. Without the right to own a printing press, for example, freedom of the press becomes meaningless. The next president must get federal agencies out of these schemes to deny property owners their constitutional rights to life, liberty, and property.

 

American Independence and Sovereignty 

 

So called free trade deals and world governmental organizations like the International Criminal Court (ICC), NAFTA, GATT, WTO, and CAFTA are a threat to our independence as a nation. They transfer power from our government to unelected foreign elites.

The ICC wants to try our soldiers as war criminals. Both the WTO and CAFTA could force Americans to get a doctor’s prescription to take herbs and vitamins. Alternative treatments could be banned.

The WTO has forced Congress to change our laws, yet we still face trade wars. Today, France is threatening to have U.S. goods taxed throughout Europe. If anything, the WTO makes trade relations worse by giving foreign competitors a new way to attack U.S. jobs.

NAFTA’s superhighway is just one part of a plan to erase the borders between the U.S. and Mexico, called the North American Union. This spawn of powerful special interests, would create a single nation out of Canada, the U.S. and Mexico, with a new unelected bureaucracy and money system. Forget about controlling immigration under this scheme.

And a free America, with limited, constitutional government, would be gone forever.

Let’s not forget the UN. It wants to impose a direct tax on us. I successfully fought this move in Congress last year, but if we are going to stop ongoing attempts of this world government body to tax us, we will need leadership from the White House.

We must withdraw from any organizations and trade deals that infringe upon the freedom and independence of the United States of America.

 

 

Thhe Chinese Situation

 

Each year the people of the United States write a check to subsidize China, one of the most brutal, anti-American regimes in the world. Lately it has been in vogue for everyone in Washington to eagerly denounce the egregious abuses of the Chinese people at the hands of their communist dictators. Yet no one in our federal government has been willing to take China on in any meaningful way.

Very few people realize that China is one of the biggest beneficiaries of American taxpayer subsidies. Thanks to the largesse of Congress and the President, China enjoys subsidized trade and the flow of US tax dollars into Beijing's coffers.

I offered an amendment before the House of Representatives last month that would have ended the $4 billion subsidy our nation quietly gives China through the US government's Export-Import Bank. The bank underwrites the purchases of goods and services by the Chinese government and others around the world. Unfortunately, only a minority of Democrats or Republicans supported my measure. Apparently, many members of Congress are happy to bash China, but don’t mind lending her U.S. taxpayer money at sweetheart interest rates.

Some of your money went to fund a nuclear power plant in Shanghai owned by the China National Nuclear Corporation, a state-run company. Many US-based multinational corporations benefit directly from Export-Import Bank subsidies to China, including Boeing, Westinghouse, and McDonnell Douglas. So it’s not hard to understand that business trumps the feelgood rhetoric condemning China.

There is no constitutional authority for Congress to make loans to any country, and certainly no basis for giving away the hard-earned cash of Americans to communist leaders who brutalize their women and children with forced abortions, and persecute Christians for their faith.

In reality, there is very little the federal government can do about conditions in China. Under our Constitution, the federal government simply does not have the authority to point a gun at Chinese leaders and force them to respect the principles of liberty. It just doesn't work that way.

I believe that by engaging the Chinese people, opening personal dialogue, and seeking to change their hearts and minds, we soon will see that regime collapse. The laws of economics dictate that a communist system cannot stand for long. But in the same way, I firmly believe there is a higher law which dictates that people exposed to the principles of liberty will not for long allow themselves to remain shackled to an oppressive government. Economic freedom, i.e. capitalism, now has a strong foothold in China. The Chinese people may soon demand political, religious, and personal freedom as well. But in the meantime let’s stop sending tax dollars to support a government we claim to despise.

 

 

Environment 

The federal government has proven itself untrustworthy with environmental policy by facilitating polluters, subsidizing logging in the National Forests, and instituting one-size-fits-all approaches that too often discriminate against those they are intended to help.

The key to sound environmental policy is respect for private property rights. The strict enforcement of property rights corrects environmental wrongs while increasing the cost of polluting.

In a free market, no one is allowed to pollute his neighbor's land, air, or water. If your property is being damaged, you have every right to sue the polluter, and government should protect that right. After paying damages, the polluter's production and sale costs rise, making it unprofitable to continue doing business the same way. Currently, preemptive regulations and pay-to-pollute schemes favor those wealthy enough to perform the regulatory tap dance, while those who own the polluted land rarely receive a quick or just resolution to their problems.

In Congress, I have followed a constitutional approach to environmental action:

I consistently vote against using tax dollars to subsidize logging in National Forests.
I am a co-sponsor of legislation designed to encourage the development of alternative and sustainable energy. H.R. 550 extends the investment tax credit to solar energy property and qualified fuel cell property, and H.R. 1772 provides tax credits for the installation of wind energy property.
Taxpayers for Common Sense named me a "Treasury Guardian" for my work against environmentally-harmful government spending and corporate welfare.
I am a member of the Congressional Green Scissors Coalition, a bipartisan caucus devoted to ending taxpayer subsidies of projects that harm the environment for the benefit of special interests.
Individuals, businesses, localities, and states must be free to negotiate environmental standards. Those who depend on the land for their health and livelihood have the greatest incentive to be responsible stewards.

 

 

 

 

There are many more issues that Ron seems to be on the right side. I invite you to to go to www.RonPaul2008.com and read his stance on the issues. This is a very important time in the world, and I invite you to look at the man I support to be the next president of the USA.    

For all of those who are scared about dropping values and increased foreclosures, there is one aspect of the real estate market that will soar, and that is the RENTAL MARKET. The basics of supply and demand state that when there are fewer homes available to rent, and many people will not buy, rentals are going to be a hot ticket for the next couple years. To all those investor clients that catch themselves in a short sale situation, it would not be such a bad idea to try to hold on to that property for a little longer. 

 

 

I have noticed in the last three months in Los Angeles, there are a shortage of rental properties, and many times there are multiple offers. It reminds me of red hot real estate market towards buying, but now it has changed to a rental market. 

Have you ever heard of an H.S.A. (Health Savings Account) where you can deposit money into a TAX-DEDUCTIBLE account and pay your premiums out of this account?

What is a Health Savings Account ('HSA')?

A Health Savings Account is an revolutionary alternative to traditional health insurance; it is a SAVINGS product that basically offers a different way for consumers to pay for their health care. Health Savings Accounts enable you to pay for current health expenses and save for future qualified medical and retiree health expenses on a TAX-FREE basis.  

The consumer ows and controls the money in your HSA. The decisions on how to spend the money are made by the consumer without relying on a third party or a health insurer. You will also decide what types of investments to make with the money in the account in order to make it grow. These do not lower the quality of your insurance and you can choose between a PPo or an HMO.

 

The actual insurance is offered by most of the major insurers and the actual account is setup at your local bank.

 

The money that you deposit in this account earns interest and carries over to the next year. You have access to the funds anytime by simply withdrawing the money from your account via debit card or check.  

 

Why have I not heard about this kind of this health insurance?

Simply put these accounts are less profitable to your insurance broker as the premiums are less. Many brokers would rather keep you where you are at right now, or they are unfamiliar with the concept as well. I have recently submited my application and very soon I will be enjoying the savings as well.  Personally I would recommend an HSA to anyone in the real estate business or anyone who is self employed. My California HSA savings are going to be huge this year and continue on each year.

 

 

If you would like a referral to an amazing agent that I know or would like some more information regarding HSA insurance, give me a call at (323) 333-5004 or send me an e-mail.     

For those of you who are not familiar with HSA or health savings accounts are losing money everyday. Congress passed a law last year that allows you to save hundreds of dollars health insurance in San Diego, Orange County, and Los Angeles, as well as other California Health insurance. While many companies are not familiar with HSA insurance (heath savings account insurance) a select few California Health Insurance brokers are helping many home owners save  thousands of dollars each year. Imagine if your San Diego Health Insurance agent could save you hundreds dollars each month in health insurance savings.