All Forum Posts by: Al Ber

Originally posted by Chad Roy:

I am curious if anyone know how this works, I own 2 properties and can no longer afford one of the properties. I am on time with the house that I live in, but falling behind on the other. what am I up against if I let the other house go to foreclosure? on time on other bebt but one house is killing me financially...thoughts?

Hi Chad, you have to take a objective look on your options. Do you want to keep your house, does it make financial sense to keep it. If you want to keep it look for creative ways to get enough income from it to cover the bills.( rent, rent the whole house or rent rooms in the house and the garage and yard if you can)
You may qualify for a Loan Modification
It all depends on the details of your situation.

Originally posted by K J:

Welcome to the site Al.

Hello and thanks KJ.

Originally posted by Dick Green:

Hi Al,

Welcome to the site. Are you involved in real estate investing?

Hi Dick, I am not currently involved in real estate investing. I am watching for now.

Hi I am involved with a company that builds steel framed homes and I also help homeowners with loan modifications.

Originally posted by MikeOH:

I've been wondering lately if the American people would rise up and fight for ANYTHING? My personal opinion is that the American people would give up every single right they have (including their property) and become virtual slaves to a socialist/communist/fascist government without any fight whatsoever (or has that ship already sailed).

Is there ANYTHING that YOU would fight for? Anything at all?

Mike i am with you on this one. I can't believe people have become so dull and complacent. This country is still the best in the world and we have to fight to keep it. People have to pull their blind fold and snap out of their daze. You are right we have a communist government and we elected them. It is time to wake up before it is too late...

Originally posted by Tim Wieneke:

Originally posted by Eliott Grigg:

We may be next! :)

I wouldn't count on it. Iran doesn't allow it's citizens to own firearms. Who does that sound like?

We better wake up as a nation and stand up for our freedom, we have become lazy and are expecting the government to take care of us. If we don't use our freedom and give more power in the government we are done.

Originally posted by Tony Severino:

So far we have seen two waves of foreclosures... the speculators and the sub prime debacle.

The tide is rising now on the 3rd wave.... those who had great credit, but now have issues because of job losses etc.

To Read The entire story Go to:http://articles.moneycentral.msn.com/Investing/CompanyFocus/coming-a-3rd-wave-of-foreclosures.aspx

It is a pretty good read...

The third wave is well on it's way the Alt-A mortgages are at 50%+ default and many more will walk from their homes that are now worth far less than what they owe.

Originally posted by Jeff And Cheray Warner:

Valencia, that brings back memories. Do they still have Ninja? That was a fun ride.

Jeff

yes it is still there

News letters work great here is a free site
http://www.prlog.org