To Much Mortgage Not Enough House

Industry professional call it under water, and in this real estate market millions of home owners are drowning. It’s when your mortgage exceeds the value of your home, plainly put "To Much Mortgage, Not Enough House." You might ask yourself, how did I get in this position? Well most would answer that question with the following three words "SUB PRIME MORTGAGES” but I think it is more than that. As a real estate investor the first rule of real estate investing is You Make Your Money When You Buy, its all about getting the property at the right price. So that is what happened the way I see things, the home owners that are drowning now didn't follow rule number one and for most of these people foreclosure is their fate. They paid too much for their home.

This article is about learning how to swim in the deep waters of debt you find yourself in. As a housing and a credit counselor I've help people avoid financial ruin and it doesn't matter how bad you think things are you have options. I wrote this article to let you know you have options, and if you have questions there are answers. So if you find yourself under water or facing foreclosure there are two easy steps you can take to stop the drowning. The first step to getting your head above waters is asking questions, you could contact Rescue Home Buyer at 401-400-2975; they help people facing credit and real estate problems with a focus on real estate. You could also contact your local housing authority it’s likely they have programs that can help as well. The second step is facing your problems head on with the information that you acquired from the professionals. My father always told me that "The only way to get past something is to go through it, you'll only end up in the same place trying to go around it" Remember your just two steps from breathing again so take action and let God do the rest.

Rescue Home Buyers and/or your local Housing Authority are just a couple of the organizations that can help coast to coast so call, today. Information is free, and time is running out make that call today. Rescue Home Buyers has a 24/7 Hot Line 401-400-2975.

The Rescue Review, is brought to you by Rescue Home Buyers Inc. It is written to educate its readers about their options, when it comes to making financial decisions it today's market place. So look for the next Rescue Review, the topic will be more about investing in Real Estate.