Take Active Control and Put It All Back On Track - Holiday Edition

The beginning of this blog said "WELCOME ONE WELCOME ALL". I wrote:This site is the populist fight back by ordinary people and small businesses against all kinds of scams, programs, giveaways, and bailouts that use your money and assets.Well, this holiday season helped me realize why a blog like this is important. The holidays are usually a time for collective activity with family, friends, or even time by yourself. It's also a time of giving to those who you care about and to those who need help. It's a time for reflection on your position in life. For myself, I am thankful that there is support from my wife, family, friends, clients and readers of my words. It is the support that is most important. We all need it.Yet, I am in deep reflection right now. Through a series of self-made choices,...

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Strategic Defaults : It's Time You Learn More!!!

I've been working with people regarding strategic default for years. Even though it seems to apply to real estate loans, it actually applies to any loan. Let me state my position right now: I believe that Strategic Defaults are an effective means of cash and wealth preservation. Of course before a decision can be made the benefits and risks must be made. It is our experience that after careful consideration of each persons' unique circumstances the rewards can outweigh the risks. In any event I have decided to provide a link to the BEST strategic default articles all over the web. These articles best highlight the growing phenomenon, the reward and the risk. You will learn the different perspectives and recognize that Strategic Default is here to stay. For the next twelve months, I will...

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A Brief Intro about Strategic Default

At this point of time, there is a financial crisis facing millions of people and businesses in the United States. The crisis is not limited to a specific socioeconomic group of people. Across the income spectrum, the primary financial problem is debt. What is unique about this current economic crisis is that the debt contagion has also infected financial institutions and has affected local, state, and federal government. Many people are heavily indebted and are seeking a way out. Financial institutions are not extending credit unless the borrower meets a strict set of criteria. In order to obtain a loan, one must have excellent credit, verifiable income, and substantial cash reserves. This is a tall order for many people and business alike. One of the greatest forms of wealth comes from real...

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Debtor's Revolt...We Love It

So it started with a woman posting a You Tube video. She was angry at Bank of America for continuing to victimize her. The bank raised her credit card interest from 17% to 30%. Like most people who don't understand that BANKS ARE DESPERATE & WILL DO ANYTHING TO GET MONEY, she believed she could speak to the bank and ask them to reduce her interest rate. By the way, did I mention she never missed a payment. She also had a checking and savings account with Bank of America. In her you tube video post she said she will not make a single payment until Bank of America agreed to lower her interest rate. She also said she is closing her checking and savings account immediately (Thereby following our rule: Never Keep All of Your Money In the Same Bank). It's these following words from her video...

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There is Work Out There For You : Retool for Job Success!!

As you know, this blog is about taking control of your life. Your money. Your wealth. We focus on how to protect yourselves against the MONEY GRAB going on by banks. While most banks stay on the right side of thing...the fact is WHEN A BANK IS TROUBLE, WATCH OUT BECAUSE IT'S YOUR MONEY THAT'S GRABBED. Almost Everyone one, every organization has a debt problem. But of course, when debt problems add up to Trillions of Dollars. Who pays for it?You all ready now the answer. Yet, you can't just sit back. You need to stand up and take control. Even when times are tough, if you persist and dig deep, you can improve your life.WE ARE ALL CAPABLE OF CHANGING OUR LIVES. WE ALL HAVE CERTAIN GIFTS AND SKILLS THAT CAN LED US TO SUCCESS. WE HAVE THE INHERENT ABILITY TO OVERCOME ANYTHING.I saw this article...

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Oh No You Didn't....More on the Citizen's Economic Theory of Relativity

I guess it boggles the mind when are lead to believe "The Economy is getting better."We are living in the Economic Theory of Relativity. It goes something like this. In the beginning of the year we were told that THIS IS THE WORSE ECONOMIC CRISES SINCE THE GREAT DEPRESSION. Fear everywhere. Banks were collapsing. Governments were crumbling. People hoarding cash. Pensions going bust. Trillions of Dollars in citizen wealth vaporized.So the Heads of State got together and announced Massive Measures to save the world. They said we must give trillions of dollars to the banks for without them we shall suffer. So they gave. We must lend trillions of dollars to big businesses for without them you shall have no jobs. no security. So they gave and gave and gave.Wait a minute...are not the world governments...

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Do Not Keep All of Your Money In The Same Bank!!

Let's keep this real simple.If you have a Chase credit card then you should not have your checking or savings account with Chase. And don't forget, Chase owns Washington Mutual.If you have a Bank of America mortgage then you should not have your checking or savings account with Bank of America. And don't forget, Bank of America owns Countrywide, so the same rule applies.This rule applies if you guaranteed or signed a loan on behalf of someone or a business.Let me explain. The banks are so desperate they are doing anything they can to recover money. Normally, if you did not pay a debt owed to a bank, then the bank must file a legal action in court, obtain a court ordered judgment, located your property, bank account or job, and place a lien on what you own. This includes garnishing wages. This...

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Never Throw Good Money after Bad

I have learned so much from talking to people who can't pay their mortgage. They are afraid they will lose their home. They are concerned about their kids, their family, their stability. On top of that they usually have high credit card debt. Most of all, they take it personally and feel like they failed. They feel like they're not in control because of tight finances.I always say "I've been there, we've all been their, you are not alone. You will get past this"It is important to empathize with people and respect their feelings about their situation. Each persons' circumstance and their reaction to it are unique.YET, how the problem is resolved is ALWAYS THE SAME.Don't Throw Good Money After Bad!Don't Throw Good Money After Bad!Don't Throw Good Money After Bad!Hmmm...Let me see...what's Good...

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Foreclosure Defense Rule#1 : Always Respond to A Foreclosure Case In Writing

All too often, when a homeowner is served with foreclosure papers, they put it in the junk mail pile. In fact, homeowners pretend that it does not exist. Just a thick package of papers that will magically disappear. Sometimes, homeowners think that by talking to the bank on the phone, the foreclosure case is somehow stopped.It's only when they receive a Notice of Sale all hell breaks loose. All of a sudden the case magically re-appears. My favorite excuse is: "We were never served any papers." I don't think so. While it's true that many foreclosure papers are not necessarily served as the law requires. For example there is a term called "gutter service", which essentially means the papers are just thrown on the ground in front of your house, in the gutter. The truth is most homeowners receive...

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Tenants in Foreclosure Properties Are Now Protected Under Federal Law

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