Are Foreclosures A Government Conspiracy?

Once upon a time ago, you had to be able to afford a home before you bought it.  Creative financing was a tool used by investors to work their business.  When home-lookers went to purchases a property, they not only had to show that they could afford it, but they had to put money down.  Yet when the housing bubble continued to inflate beyond the point where we could afford to buy, we as a nation found ourselves in a pickle.

When in doubt, "Throw it on the wall and hope that it sticks."  Not necessarily the smartest plan, but unfortunately it "worked" or at least it seemed like it did for a period of time.  Investor products such as ARM's, I/O's, Options, and Balloons became available to a clientele that was not necessarily qualified for them.  Unlike the financial service arena there are no product suitability laws in force for mortgages.  Loan officers are not necessarily trained in finances, they are trained to sell mortgages.  Loan officers were taking individuals and families and shoving them in temporary programs that would reset in future years. "Don't worry about it, you can just refinance before your rate increases" they said.  What they failed to mention was that you might not be qualified and those programs might not be around at the point, which is the current case.  Some homeowners even fell victim into pulling out money to finance other ventures sucking all the equity out of their homes as well.

Is it the fault of the lender?  That can be argued.  i have advised clients against these products only for them to reject my advice.  These same clients come back now looking for help to get out of a hole that they shouldn't be in.  Immediate gratification is way more tempting than future satisfaction.  We live in a society that wants it now and wants to pay for it later.  I am guilty as well.

So where does that leave us.  No matter what city you live in, most of us are living in the state of confusion when it comes to dealing with foreclosure.  Later has now become today and it is time to pay.  What happens when you can't afford to pay?  Good question... just pick up your paper, turn on your television, or go to your county courthouse.  In the real estate industry we call it foreclosure.

Individuals in foreclosure do not necessarily have to lose their homes.  Most of the times they have options that they are not even aware of.  You see, i was once in the same situation and   I was used to getting $30,000 checks living a millionaires lifestyle.  It seemed like overnight as I watched the market change and my lifestyle as well.  I was on the verge of losing it all.  Through countless hours of legal consultation, studying the foreclosure process and consumer laws, I was able to learn how the system works and what ways it can be manipulated to meet my needs.  I found out what worked for me, worked for family and friends as well.  That is the reason why we created Equity Guard Financial Group.

Whereas I used to see a home in foreclosure and automatically see a profit, I was forced to live the situation and now I see people.  Individuals all over are scared and have no idea where to turn.  I remember my mailbox being flooded with letters from investors, realtors, attorneys and scam artists who just wanted to take my home, take my money or both. 

At Equity Guard Financial Group, we understand what you are going through because we have been where you are at.  if you find yourself in a situation and you need someone to talk to that can help you out of the hole, then don't hesitate to contact us.  For more information please visit www.EquityGuardFinancialGroup.com today.  We will give you an honest NON-LEGAL assessment of what we can do for you, for FREE.

To answer the question "Are foreclosures a government conspiracy?"  How would I know? Ask someone in government!