Dear Real Estate Owner, I’m Paul Stevenson, and I was in your shoes. My property was worth A LOT less than what I owed on the mortgage, and the real estate market was crashing. I didn’t know how much longer I could keep making the payments. Or whether I even should. I wanted to stop throwing money into a black hole, just because the bank said I had to. And even more than that…I wanted my life back. Sound familiar? I knew I had a major problem on my hands, and I could see it was only going to get worse. I didn’t know what to do or who to turn to. I’d heard about people who decided to stop paying their mortgages, but I didn’t know what was really involved. I spent months searching for information on the Internet, but it was all in bits and pieces, and there was no source to tell me the things I REALLY wanted to know. So I got to work, scouring every resource I could – books, legal documents, internet sites, discussions with experts… It was an arduous process with a lot of uncertainty, but eventually I worked my way through it and found a solution that was right for me. It doesn’t have to be that difficult for you. When I got to the end of the process and disposed of my property with my assets and sanity intact, I felt like a two-ton weight had been lifted from my shoulders. I had my life back! It felt so good, I wanted to help everyone in my situation find a way out. So I created the Strategic Mortgage Default System to lay out what you need to know in plain language and answer all the questions you are asking – as well as some you probably don’t even realize you need to be asking. Explore the site and sign up for my free newsletter below. I hope that the Strategic Mortgage Default System can be of service to you and your family. Sincerely,
The Current Real Estate Market The real estate market may have put you in the most difficult situation you’ve ever faced, with questions like these swirling around in your head:
You’re not alone in this sea of uncertainty, feeling like you have the weight of the world on your shoulders. Millions of Americans are suffering the same fate. The Strategic Mortgage Default System is here to help you answer these questions and determine what is right for YOUR situation.
The Strategic Mortgage Default System is the only comprehensive system to highlight all the issues you need to consider in order to decide whether to stop paying your mortgage. Just like you, there are so many homeowners and investors under tremendous financial and emotional pressure due to the crash in the economy and the real estate market. You need to know what will happen if you walk away from your property. The Strategic Mortgage Default System is the only source that explains all the major issues and helps you decide what’s best for you. We help remove the fear, uncertainty, and hearsay from one of the greatest challenges many people have ever faced in their lives. Stop worrying and start taking action. That action starts with the Strategic Mortgage Default System. You will learn the Top 10 Secrets to Resolving an Underwater Mortgage:
6. What the real story is with people you’ve heard about who "mailed the keys to the bank and walked away"
10. How your credit rating will be affected ….and much, much more!
There is no single answer to this question, but it’s safe to say that in most cases, the answer is "No, you don’t have a moral obligation, and it’s okay to walk away." You entered into an arms-length transaction with your lender in which both of you had competing interests and thus spelled out your obligations in a clear, signed contract. Unless the contract states that you have a "moral obligation to pay," then it’s plain and simple – you don’t. When you borrowed the money to buy the property, you entered into a business transaction. The lender evaluated the risks and concluded that it was a risk worth taking. For its protection, the lender also required you to pledge the house as collateral, as well as any equity you had in the house. The contract spelled out that if you don’t pay, the lender has the right to take the property and sell it before you get any of your equity back – if there were any equity left, which of course there isn’t if you’re underwater. The lender would not have loaned you the money if it had not concluded that doing so was a smart business decision. Your decision to enter into the transaction was also a business decision. You decided to borrow the money and put at risk the property, your equity, and your credit rating. It’s obvious now, in retrospect, that both you and the lender made a bad decision. At this point the contract spells out what happens if you stop paying: the lender gets the property. If the lender intended for you to have a "moral obligation to pay," it would have specified that in the contract. The lack of a moral obligation to pay your mortgage does not necessarily mean that it’s smart to walk away. That depends on a number of factors, including the state in which you live as well as many other aspects of your personal and financial situation. The Strategic Mortgage Default System was specifically developed to help you make this difficult decision.
If you’ve read this far, it’s safe to say that your mortgage is probably underwater. Don’t let news reports talking about the "economic recovery" fool you – the real estate market isn’t coming back anytime soon. It will most likely be years before it even starts to recover. You may be at the point where you simply can’t… Read more…