AMERICAN HOME OWNERSHIP
“The Light at the End of the Tunnel”

For as long as you can remember, the Government and everyone you know, has told you that owning a home is the truest measure of success in America.  In your mind, home ownership meant comfort, stability, responsibility and most importantly, future financial strength.  Everyone looked at home ownership as a sound financial investment.  More or less, a personal “business” structure for your future.  But now that many people are in the process of losing their homes, the public is seeing this as a personal attack on them and the American way of life as a whole.  Why the Real Estate Market has dropped so low and what the short and long term effects will be on the U.S. economy are very important factors for the Government and the citizens to know about.  However, the first action is to educate the public on the exact steps involved with keeping or losing a home.

There are many myths and facts about this entire process.  The biggest fact has been, the more information, the more confused the public becomes.  It is our intension to explain each step in detail and end up with a workable plan that you can understand and control.  We will overcome all the myths with pure and simple facts pertaining to the Home Ownership process.  This program will include the following information and solutions:

• How much is your home really worth?
• How to use the County Tax Assessor Website to track your property?
• How much home can you afford?
• Do you qualify for the HARP or HAMP Program?
• What is the Loan Modification Process and how to complete one yourself?
• How can a Forensic Mortgage Loan Audit work for you?
• How does a Short Sale or Deed in Lieu work?
• How can you use Bankruptcy to your advantage?
• How can you rent a home in Bankruptcy?
• What happens to the property tax in Foreclosure?
• How much did your house sell for in Foreclosure?
• What trouble can arise from stripping assets from your home in Foreclosure?
• What happens to your Second Mortgage and HELOC Loans?
• What do you do when you receive a form 1099C or 1099A from the Lender?
• How do you utilize the Debt Forgiveness Act on your Tax Return (Form 982 and Schedule D)?
• What do you do if you lose a secondary home on your Tax Return?
• What do you do if you lose an Investment Property on your Tax Return?
• How do you utilize Insolvency (Form 433F) on your Tax Return?
• How does all of this really affect your Credit Rating?
• How do you Rebuild your Credit Rating?
• How do you maximize Financial Planning During the Process?
• How do you Buy a Home in as Little as 2 Years (FHA Guidelines)?
• What are the Laws Protecting a Renter in a Foreclosure Property?
• What is the Cash for Keys Program (for homeowners and renters)?
  

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