bankruptcy: TIME TO BUY MANY ARENT READY
- 02/22/16 11:09 PM
Just because it is a healthy Real Estate market, interest rates are low, and buying a home to begin living the American way of life by building wealth as we work doesn't mean that everyone can do this. In fact, you wont get any argument from people on the concept of buying. Its just that they are not in position to do so for one reason or another
DEBT
The American way of life has another face too. It is called debt. We have a system here where you can buy almost anything on credit something that was unheard decades ago but is the norm today. I mean … (13 comments)
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bankruptcy: BANKRUPTCY WORKS FOR STARTING OVER
- 06/12/14 11:52 PM
There is a stigma associated with this when I was was growing up and throughout most of my life. It means you failed, and others used to treat failure like a disease and not want to go near anyone who went bankrupt. People thought the worst of you and even thought it appropriate to gossip about it too
THE WAY OUT...LITERALLY
Over the last several years, that has been watered down quite a bit and the stigma is gone. WHY? HOW? Because so many were forced into it during this last vicious Real Estate cycle and economic downturn that the only way out … (9 comments)
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bankruptcy: THE SYSTEM OF SPENDING SNARES US ALL
- 11/07/13 02:38 AM
According to big business, government and hard heart-ed people, MONEY is the end all. People are just walking wallets waiting to be opened. Its the money everyone wants and if they have to be nice to you to get it so be it. If they have to be NOT NICE to you to get it...they will. But money must change hands constantly in a capitalistic society
THE SYSTEMS DRIVES US
Some people remain down right ruthless, insensitive and uncaring when it comes to the subject of money. It is understandable because of the money chain we live under and with. One guy has to pay … (4 comments)
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bankruptcy: DETROIT SHAME ON YOU I FOUND THIS DISTURBING
- 09/30/13 07:02 AM
We all know Detroit has declared bankrutpcy...thats the whole city mind you. What I read about a hearing before the bankruptcy Judge moved me and infuriated me at the same time. People who had worked for the City from 15-30 years were in danger of NOT getting their pensions. Stop and think about this for one moment
ITS A PROMISE NOT A PRIVILEGE
You work with a promise of a retirement at the end of your agreed too term. You put up with a set pay, long hours, bureaucracy, nonsense and most importantly no social security deductions. You reach the retirement … (10 comments)
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bankruptcy: LET THE BANK WHO IS WITHOUT SIN CAST THE FIRST STONE
- 08/17/13 11:53 PM
I have a client that went to open an account to deposit funds at Wells Fargo bank. After much review and paperwork, the bank comes bank with this. "Our PAST records show that you had an outstanding balance and didn't pay us. Therefore, we cannot do business with you". Yes, it is true my client declared bankruptcy as is their rights and I don't mind saying...for good reasons. However, look who's talking here about questionable behavior..
WE MARK YOU AS UNFIT
Bankruptcy puts all matters behind as of such and such a date. If Wells Fargo is keeping track of who … (18 comments)
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bankruptcy: SAN BERNARDINO CALIFORNIA BANKRUPTCY TEACHES MANY THINGS
- 07/31/13 11:43 PM
This City declared bankruptcy a year ago and is trying to work things out through the courts. Remember, people who declare bankruptcy don't stumble into it they are driven to it to usually put a stop to keep something that is bad from getting worse and taking them with it. I had done business with this city for years prior and saw the beginning of it all take shape
NO POLICE COVERAGE
First, there wasn't enough police to police the city. Officers used to tell me that when they hosted any major events in the city, the patrols assigned left other … (26 comments)
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bankruptcy: DETROITS BANKRUPTCY MAY HELP WHO KNOWS
- 07/31/13 12:54 AM
As an agent, I read about Detroit having to declare bankruptcy and the part that stuck with me was that homes in the area were valued at $7000 dollars. Stop and think about this. Houses haven't been worth that since the early 1950"s and that was a lot of money back then. However, there is no chance to enjoy that purchase as you are surrounded with crime, poverty and lack of services
LOOK BEFORE YOU LEAP
Buying something is a very important procedure and just because you can doesn't mean you should. Why you want to own a home is very … (32 comments)
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bankruptcy: WHEN WERE YOU GOING TO TELL ME?
- 07/23/13 11:29 PM
This is the second time that a potential tenant who I spent time and attention on doing paperwork, answering questions and making appointments held out vital information relevant to the renting of a property. In one instance it was a bankruptcy and in another, a very poor credit rating that could have never passed a credit check...QUESTION: When were you going to tell me?
I KNOW YOU WANT TO SEE IT
Furthermore, when a potential renter calls a landlord or manager, be prepared to introduce yourself quickly and get your issues or qualifications up front and out in the open first. … (47 comments)
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bankruptcy: CHALLENGING TIMES FOR RENTALS
- 12/08/12 11:37 PM
As a result of all the foreclosures in today's marketplace, the rental market has picked up to a degree. WHY? People have to have a place to stay whether they own or not. Between the unemployment dynamic and the housing defaults, it is making the renting of a property to a prospective tenant more challenging for all concerned
SCREENING and APPLICATION PROCESS
FIVE YEARS AGO.....1 IN 20 APPLICANTS WERE NECESSARY TO FIND A GOOD MATCH. Employment was better. The housing industry was not its default peak, and business was below normal but operational in the rental arenas. NOW....1 IN 60 APPLICANTS ARE NECESSARY … (6 comments)
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bankruptcy: DONT BE SURPRISED IF....
- 08/08/12 05:50 AM
This is just a general list of mention of things that are brewing that concerns us all. Feel free to add to the list while taking note of what is listed. We are in the tail end of a recession that is fighting very hard to worsen instead of letting a new cycle of prosperity kick in. What we do or don't do as a Nation affects us all
DON'T BE SURPRISED IF...
1. Cost of gasoline stays high or even goes up
2. High unemployment stays with us for another year
3. Foreclosures kick into a final phase releasing lots of shadow inventory … (6 comments)
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bankruptcy: CALIFORNIA WILL LEAD THE WAY FOR BANKRUPT CITIES
- 07/12/12 12:08 AM
Behind the scenes, negotiations to remedy have failed and all we know it as the word bankruptcy after that. Prior to however, lots went on and years back, the events of today were set up at that time. Being responsible is a non-negotiable item 24/7 commitment. Some people handle it better than others. Now, we get to see how politics... not fair play have had their way. The chickens have come home..in droves
LITTLE BY LITTLE AND THEN...COLLAPSE
Running a city is a business. Getting reelected is politics. When someone tries to do the right thing, it usually costs them votes. Their thinking … (11 comments)
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bankruptcy: MAKING RISKY LOANS AND INSURING FOR FAILING
- 06/11/12 06:20 AM
The title of this post is what the bail-outs were all about. It is like a pyramid scheme in a way. People approach you and tell you to sign up and as long as people keep signing up, the pyramid lives. The minute any activity stops, you stop with it. But what if I took out insurance on STOPPING? Then, I wouldn't care whether the pyramid scheme succeeded or failed..WHOA
BANKRUPTCY WAS ABUSED TOO
This is like buying things recklessly and charging them and taking out loans and when the payments all become due, you declare bankruptcy. The bankruptcy laws when … (0 comments)
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bankruptcy: NOW IS A GOOD TIME TO START OVER
- 03/28/12 08:10 AM
When everyone is losing their home all across America, then you losing yours gets lost in the numbers. When millions are unemployed across the nation, the personal stigma of it is diluted a bit. If your credit score has been beaten into the ground, well there is no where to go but up from there...
YOU KNOW WHAT TO DO
Starting again or over should be easier for one very important reason. You now know what to do and what not to do. There is value in experience. Once you get past the pain of shock and resentment, the ability to go … (4 comments)
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bankruptcy: VISITING A BANKRUPTCY PROCEEDING IS INFORMATIVE
- 03/26/12 03:07 AM
I recently attended a bankruptcy court hearing where people are declaring a Chapter 7 application. This is where you ask that your debts be written offer entirely and you have a fresh start. The meeting called a Trustee hearing was very educational and its free. Its like taking a college course if you will.
PEOPLE AND PROBLEMS
Lots of people showed up from all walks of life and circumstances. Some had attorneys and some handled it themselves. I was also surprised to hear that many had done this before and more than once too.
CREDTIORS MAY SHOW UP
At this meeting, … (0 comments)
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bankruptcy: ATTORNEYS GOOD ONES CAN REALLY HELP YOU
- 02/12/12 04:03 AM
I have come across two good USEFUL attorneys that I want people to become aware of. Both of these young men play a vital role in the well-being of many people today who are suffering in one form or another during these difficult times. We sometimes hear the negative attorney story, but here are two that say other wise
BRIAN T. PEDIGO
This young family man specializes in bankruptcy filing and protection. First, he is available and eager to help. Then he makes it very easy to do so. He comes out to your house (on weekends too) and sits down … (6 comments)
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bankruptcy: WHY BANKS WONT DO PRINCIPAL REDUCTIONS PEOPLE THAT'S WHY
- 02/06/12 02:13 AM
It makes perfect sense to reduce the ailing principal of homes that are underwater. Everyone knows this. There is no way anyone who is seriously underwater on a mortgage will be able to see daylight even in their life times. Two homes on a street. One is underwater by $200k. The other is priced at market. Which one would you buy?
MATH DOESN'T LIE
Which one would you keep? The fact banks have you sign Arms length transaction agreements to prevent fraud is evidence of homeowner shenanigans a foot. Should they decide to instead let the current home owner stay put … (2 comments)
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bankruptcy: FOR THOSE OF YOU CONSIDERING BANKRUPTCY FOR FRESH 2017 START
- 12/22/11 05:15 AM
Bill collectors of all kinds are relentless in pursuing debt and have effectively had their common sense, compassion, reasoning, honesty and purpose in life temporarily muted while they carry on the most unpleasnt task of collections. Whatever unfortunate circumstances have come upon you, those that chose...bankruptcy for a fresh start...bravo
WHAT WILL PEOPLE THINK?
It is not easy to declare bankfurptcy as a person. It is a gross admission of failure with an explanation and peoples biggest fear is how they will be judged in the eyes of others for seeking court relief to their problems.
CORPORATIONS CALL IT RESTRUCTURING OF DEBT
Of course businesses … (8 comments)
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bankruptcy: HOMEOWNERS WHO KEEP THEIR UNDERWATER HOMES
- 12/17/11 03:28 AM
I know you know this. It does bear discussion and repeating. Your home is underwater and may even be slightly still diving. Your decision to stick it out for whatever reason remains your business. I only want to call to your attention (again) that your home may not be able to surface for 5-10 years and then some
HOMES ALL AROUND YOU ARE SHORT SELLING
I am sure you know about the homes on both sides of you and around the corner. They are selling for market price which is at least half the price of what you owe now and … (13 comments)
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Just because it is a healthy Real Estate market, interest rates are low, and buying a home to begin living the American way of life by building wealth as we work doesn't mean that everyone can do this. In fact, you wont get any argument from people on the concept of buying. Its just that they are not in position to do so for one reason or another
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