What You Need To Know!

There is a Free seminar on Identity Theft Protection

Kris Wissing ~ SidCo Property Solutions (SidCo Property Solutions) — Fri, 23 Jan 2009 12:35:53 -0800

Wednesday, January 28 at Austins Restaurant, 4950 US Hwy 42 (Brownsborro Rd.).

11:45 - 1pm

This should be a well attended event, they will discuss how Identity Protection can improve credit ratings & reduce insurance premiums.

Network Lunch this Wednesday Dec. 17, Topic: Increase your pipeline

Kris Wissing ~ SidCo Property Solutions (SidCo Property Solutions) — Tue, 16 Dec 2008 11:20:04 -0800

If your business has suffered due to the mortgage meltdown and recent changes in lending, then you should consider coming to a special networking lunch next Wednesday, December 17th! A great opportunity to network while eating lunch, and to find solutions to navigate the new market!

**NETWORKING LUNCHEON**
Where: The Fox and Hound Pub and Grill (near Oxmoor Mall) 302 Bullitt Ln, Louisville, Ky 40221

When: Wednesday December 17^th, Please arrive at 11:45AM for lunch - Meeting will run from 12-1PM sharp. Most will stay after to network.

You'll also discover...

How to INCREASE credit scores over 100 points!
Build a large BUYERS POOL!
How to better assist Buyers and Sellers with SHORT SALES and FORECLOSURES!
A system to increase referrals!
How to make $1000 a week using this system!

Who was in attendance last week?
1. People who want to buy Real Estate.
2. People who want to sell Real Estate.
3. Realtors who know about deals and negotiate short sales.
4. Investors who know about and are looking for deals.
5. Mortgage Brokers who know how to put deals together.
6. Contractors who have access to a labor pool that can repair your properties professionally and at the right price.

Come see why agents at Re/Max, Keller Williams, and many others, as well as Loan Officers from Countrywide, Tri-Star Financial, MetLife Home Loans, Ocean Midwest and dozens of others are using various systems and tools to qualify their buyers, build a buyers list, and close more deals in today's market! I have been working closely with a Real Estate Agent who has closed 14 deals in the last 12 months by using the tools you will be hearing about on Wednesday!

See you Wednesday!

Don't Let This Happen To You!

Kris Wissing ~ SidCo Property Solutions (SidCo Property Solutions) — Fri, 21 Nov 2008 20:50:38 -0800

A woman arrived home from work only to find the doors to her home locked last week. Not unusual, right? I mean, we go home every day and expect the doors to be locked, right? That means our home and belongings are safe, right? But we usually expect the doors to open when we put our keys in the locks.

Unfortunately for this poor woman, the locks had been changed on all the doors.

So she called a real estate agent who had been keeping in touch by sending her mortgage crisis information. Upon assessing the situation, the agent realized that this woman was in a very bad situation indeed. After months and months of ignoring the calls and the letters from the bank, they finally did what was inevitable. They essentially repossessed the house.

Imagine what that poor woman was feeling at that moment

embarrasment at the situation;
fear of what would happen now;
confusion as to how her life got to this point;
despair because she can see no way out.

This doesn't have to be you! There are ways to prevent this situation.

1. When you get behind on your payments, contact your bank! Contrary to what you may think, the bank does not want to foreclose on your house. They are willing to work with you if you give them the opportunity to do so.

2. If you feel there is no way you can keep making your mortgage payments, contact a mortgage lender. They can help you assess your ability to refinance your loan. If you can refinance, the lender can often configure your payments to be lower than what you've been paying.

3. If you cannot refinance, contact a licensed real estate agent to help you assess if you can sell it. It is far better to sell the home and keep yourself from unnecessary stress than to struggle when you don't have to.

In Louisville, there are several great realtors and mortgage lenders who can assist you if you find yourself in this situation. Don't despair - you can avoid this situation!

Are you in a foreclosure or pre-foreclosure situation? We want you to know that there are options available. You don't have to lose your home. Your credit score doesn't have to suffer. We're here to help, offering real solutions for people in real situations.

~Kristopher Wissing
SidCo Property Solutions - www.sidcollc.com
Helping people get back on track - one family at a time!

A Networking Lunch You Don't Want to Miss!

Kris Wissing ~ SidCo Property Solutions (SidCo Property Solutions) — Wed, 19 Nov 2008 23:29:47 -0800

If your business has suffered due to the mortgage meltdown and recent changes in lending, then you should seriously consider coming to this special networking lunch. Don't miss this great opportunity to network while having a great lunch and finding solutions to navigate the new market!

Date & Time: November 26th, 2008, 11:45am - 1pm

Location: The Fox & Hound Pub & Grill

Address: 302 Bullitt Ln, Louisville, Ky 40221 (By the Oxmoor Mall)

I look forward to seeing you there! Let me know if you have any questions!

~Kristopher Wissing
SidCo Property Solutions
http://www.sidcollc.com

Helping people get back on track - one family at a time!

[where: 302 Bullitt Lane, Louisville, KY 40221]

Top 5: Options for Someone Facing Foreclosure

Kris Wissing ~ SidCo Property Solutions (SidCo Property Solutions) — Tue, 04 Nov 2008 19:41:52 -0800

Top 5: Options for Someone Facing Foreclosure

5. Roommates Welcome!

Consider getting a roommate. If you have enough space, taking on a roommate who will not only share the utility bills but also the mortgage payment could be a tremendous help. Place an ad in the Louisville Courier-Journal or on Louisville.com!

4. Lease Option. If an outright sale of the house isn't an option, leasing with an option to buy may be perfect for the right person. You can gain the income to make your monthly mortgage payments while the person leasing can build up their credit score and have time to save to outright buy the property. A Win-Win for both parties!

3. Renting. Consider moving in with someone else for a while and renting out your home. Depending on the location, condition, and size of your property, you may even get more in rent than your monthly mortgage payment. Or, you could just rent out an extra bedroom. That will bring in additional income to help pay your mortgage payments. Signs for houses for rent can be purchased at most any home improvement store and ads for homes for rent can also be placed in the classified section of the Louisville Courier-Journal.

2. Short Sell. Perhaps there is enough equity in your home to sell it and pay off your loan. If so, in order to keep your credit in good standing, this may be the perfect option - especially if you either can't afford to keep the house or don't need the investment anymore. A short sell, or letting the bank take over selling your property, could be just what you need to relieve you from the burden of your mortgage payments.

1. Refinance. Often, the solution to a pre-foreclosure or foreclosure situation is as simple as refinancing your loan. In many cases, this can not only get your loan payments back on track but it can also assist in making smaller monthly payments and many times, in paying off the balances on other bills as well.

Are you in a foreclosure or pre-foreclosure situation? We want you to know that there are options available. You don't have to lose your home. Your credit score doesn't have to suffer. We're here to help, offering real solutions for people in real situations.

~Kristopher Wissing
SidCo Property Solutions - www.sidcollc.com
Helping people get back on track - one family at a time!

Mistakes People Make When Facing Foreclosure

Kris Wissing ~ SidCo Property Solutions (SidCo Property Solutions) — Mon, 27 Oct 2008 17:26:50 -0700

Top 5: Mistakes People Make When Facing Foreclosure 5. Don't Open the Mail from the mortgage or home owner's insurance company. Big Mistake! Ignoring the situation will not make it go away. No communication from you gives the mortgage company no reason to try to work with you.

4. Lie to the mortgage company about your payment. If you lie to your banker about anything related to your mortgage payments, you could face fines and/or jail time - and you really don't want that. Trust us!

3. Try to sell the property on your own. Another potentially huge mistake! If you are in a pre-foreclosure or foreclosure situation, and you want to try to sell the house to get out of debt, going For Sale By Owner is definitely not a good move. It takes much longer to sell this way and you will likely miss lots of vital information when drawing up the paperwork. Not to mention that you've probably got a small window of opportunity to get the property sold before the foreclosure actually takes place.

2. Get advice from family members, friends, or co-workers. Unless the person you are soliciting advice from is a banker or mortgage lender, this could cause you more problems in the long run. Family and friends always mean well but they are advising you from emotions, not facts. In order to get out of your mortgage situation, you need facts from a reputable company.

1. Just let the foreclosure happen. This is probably the most unwise solution of all. There are several options available to you, many which will allow you to keep your home - and your credit - in good standing.

Are you in a foreclosure or pre-foreclosure situation in Louisville or anywhere else? We want you to know that there are options available. You don't have to lose your home. Your credit score doesn't have to suffer. We're here to help, offering real solutions for people in real situations.

~Kristopher Wissing
SidCo Property Solutions - www.sidcollc.com
Helping people get back on track - one family at a time!

Protecting Your Home During Bad Economic Times

Kris Wissing ~ SidCo Property Solutions (SidCo Property Solutions) — Mon, 20 Oct 2008 18:51:04 -0700

Top 5: Things You Can Do To Protect Your Home During Bad Economic Times

5. Save.
If you don't already have one, start a regular savings account and a repairs savings account. Having a cushion to fall back on is a sure way to protect yourself. Should a situation arise where you need money, you won't have to use the equity in your house as an ATM to deal with it.

4. Cut back on spending.
Consider your cable service. Do you have "the works?" If so, maybe you could cut back to a basic package for a while. Paying high cell phone and home phone bills? Put everything on your cell phone and get a package with unlimited minutes to save tons of money each year. Cook at home more often. Eating out less will definitely save you more often.

3. Keep up on household repairs.
Inside the house, be sure to fix plumbing and electrical problems as quickly as possible. When left unchecked, they can cause even greater (=much more $$ to fix) problems. Outside the house, keep the yard maintained and paint when you need to. Watch for repairs that may be needed on your roof as well. Repairs are a sure way to lose money on the value of your property.

2. Refinance.
If you currently have an adjustable rate mortgage (or ARM loan), refinance into a fixed rate mortgage. A fixed rate mortgage means that your interest rate will not change or fluctuate. It will always be the same for the life of the mortgage. This will allow you to more easily budget your monthly mortgage payments.

1. Make your monthly mortgage payments on time.
This is probably the most important thing you can do! Not only will timely payments keep your credit score up, they will also keep you from accruing unnecessary additional finance and interest charges on your loan account. Also, you will become a valued customer with whom the mortgage company will be much more willing to work with, should the situation arise.

Are you in a foreclosure or pre-foreclosure situation? We want you to know that there are options available. You don't have to lose your home. Your credit score doesn't have to suffer. We're here to help, offering real solutions for people in real situations.

~Kristopher Wissing
SidCo Property Solutions - www.sidcollc.com
Helping people get back on track - one family at a time!

Foreclosure is Only a Last Resource!

Kris Wissing ~ SidCo Property Solutions (SidCo Property Solutions) — Thu, 09 Oct 2008 07:10:31 -0700

The number of foreclosures has risen drastically in the last few years. In Louisville and all across the nation, all we see in the news is how bad things are. Well, we're here to tell you that foreclosures doesn't have to be your first option of a solution to your mortgage problems!

be required to pay income tax on any amount that is forgiven.

Background: A fundamental principle of the income tax is that a taxpayer must recognize

income and pay tax any time a debt of the taxpayer is forgiven or discharged. Exceptions are

provided in several circumstances, including bankruptcy, insolvency (as defined by state law)

and for some investment real estate. Until this new rule was enacted, however, no exception

applied to any amount debt forgiven on a mortgage for a taxpayer's principal residence. Thus,

until now, when some portion of a mortgage debt was forgiven, that amount has been treated as

taxable income and the borrower has been taxed at ordinary income rates on the forgiven

amount, even though there is no cash.

The newly-enacted relief for mortgage debt forgiveness is Congress's response to the problems

generated by the subprime crisis, short sales, rising foreclosure rates and price corrections in

some markets. Thus, when a lender forgives some portion of a borrower's mortgage debt in a

short sale, a foreclosure, a workout with the lender or some similar circumstance, the borrower

will not be required to recognize income or pay tax on the forgiven amount. This relief applies

to debts forgiven between January 1, 2007 and December 31, 2009.

Provisions: General.

No income limitation: All borrowers receive the relief, no matter what their income.
Dollar limitation: No more than $2 million of mortgage debt is eligible for the exclusion

($1 million of debt for a married filing separately return).

Relief applies only to an individual's principal residence.
The forgiven mortgage debt must have been secured by that residence.
No relief is available for cash-outs, whether the cash-out takes the form of a refinanced

first mortgage, a second mortgage, home equity line of credit or similar arrangement.

Eligible debt is what is called "acquisition indebtedness." This is debt used to acquire,

construct or rehabilitate a residence.

Refinanced debt qualifies, so long as the debt does not exceed the original amount

of the debt. (Same rule as Mortgage Interest Deduction)

Home equity debt (or second mortgages) qualifies if the funds were used to

improve the home. (Borrower must have adequate records, as under current law.)

See cash-outs, above. No amount of a cash out may be treated as acquisition debt.

This is awesome news. We can help negotiate all short sales for you!

There is an application for your clients on our web site www.sidcollc.com

Good Afternoon

Kris Wissing ~ SidCo Property Solutions (SidCo Property Solutions) — Wed, 23 Jan 2008 14:02:50 -0800

Yes, I'm the new guy here.

I hope I can help & be helped we specialize in negotiating short sales. Hello to all

Kris