Book Details
Format
Kindle
Pages
125
Language
English
Published
Mar 1, 2010
Description
Strategic Default is “the latest craze” in the real estate world. But what is it really? And how can you determine whether it’s the right course of action for your problem mortgage? Strategic Default is the financial decision by a borrower to stop making payments on a mortgage despite having the ability to continue paying. And it is becoming more prevalent by the day. Beyond the definition, however, the challenge for underwater homeowners has been to find out more information about this murky subject, allowing them to decide what’s best for their particular situation. There were no comprehensive resources to answer the questions of those in need. Until now. The introduction of the Strategic Mortgage Default System has cleared up all the misconceptions. It is the only comprehensive system giving distressed homeowners and investors a clear and concise explanation of all the issues to consider in order to decide whether it makes sense to stop paying their mortgages. Author Paul Stevenson knows that you’re not alone in being under tremendous financial and emotional pressure as a result of the crash in the economy and the real estate market. His real estate holdings dropped in value to about 25% of what he owed on them. He successfully undertook Strategic Defaults on his properties and emerged with his remaining assets intact – and with a new lease on life. You need to know what will happen if you walk away from your property. The Strategic Mortgage Default System was designed to help you decide what's best for you, removing the fear, uncertainty, and hearsay from one of the greatest challenges you may ever face in your life. And it’s all explained clearly in plain language by someone who spent a year and thousands of dollars assimilating the knowledge of top lawyers, accountants, and real estate experts to navigate his own successful path to Strategic Default. Let Paul Stevenson’s experience and knowledge help take the pressure off of your real estate crisis. Some of the questions the Strategic Mortgage Default System will answer for you · Is it immoral to stop paying your mortgage? ( NO!) · What happens when you stop paying your mortgage? · What are the likely solutions if you stop paying your mortgage, including short sale, deed-in-lieu-of-foreclosure, and foreclosure? · What is your potential liability in a Strategic Default, and how can you protect your other assets? · What are the tax implications of Strategic Default? · What is the impact of Strategic Default on your credit score? · Do you live in a recourse state or a non-recourse state? · Is there a difference between living in the house and holding it as a rental property? · Are you ready for “Life after your mortgage?” The Strategic Mortgage Default System also contains special Bonus Sections · Bonus 1: The Strategic Mortgage Default System Checklist, giving a quick, at-a-glance view of your specific Strategic Default process · Bonus 2: Paul Stevenson’s Attorney Selection Guide · Bonus 3: Sample Short Sale Letter · Bonus 4: Sample Deed-in-Lieu-of-Foreclosure Letter Let the Strategic Mortgage Default System show you what your options are for getting out from underneath that problem mortgage now. For more information you can visit our website and blog at
Genres
Thriller & Suspense
Action & Adventure
Horror