I am in foreclosure. I never thought that it would happen to me, but it did. In the midst of the highest amount of foreclosures in history, I got caught up in the mix, adding my name to the historical foreclosure list. And not just once…thanks to a failed attempt to own rental property in a soaring real estate market that went BUST in an instant.
How did this happen? I’m a smart guy. I have skills in many aspects of real estate. I bought a property almost 20 yrs ago, “nothing down” and rented it out for 5 years, surely I can make it happen and claim my fortune in this soaring real estate market. So I thought…
I’ll get to my rental properties later, for now, the story of my current situation.For the past few years, I’ve made a living in the mortgage industry. Times were great when I got in as everyone that had any kind of equity were refinancing and cashing out their equity. Money was great and business was good.
Making great money allowed my wife and I to eat well, travel, buy a bunch of things that we never had the luxury to buy before getting into the industry, buy a new luxury sports car, and to buy a very nice home in a great area in Los Angeles, next to Beverly Hills.We lived there for the next 2 3/4 yrs before the reality of the real estate bubble took a major hit by big mortgage lenders going down, thus eliminating many mortgage programs that once prevailed leaving few mortgage programs left…with much stricter guidelines.
This led to a dry up in the refinance boom and put many mortgage loan officers out of business, scrambling around looking for a new career with similar type of pay.
Take it from me, changing careers and finding something with great pay isn’t that easy. I’ve been in sales all of my life, and finding a sales job is easy. But I don’t just want to do any ordinary sales job. I’m looking for a new career in a respectable industry that shows promise with serious upward mobility.
I’ve been looking around for a couple of months and have had recruiters from different industries call me, but so far nothing grabs me passionately.
I’m the type of guy that needs to be really passionate about what I am involved in, otherwise, I won’t put my all into it.
Following this blog, you’ll learn what’s its like going through the foreclosure process.
Foreclosure is something that can happen to anybody in any financial income bracket, it is embarrassing and it does not discriminate. Foreclosure is not something that you should hide from in hopes that it will go away, it won’t. I was able to prevent foreclosure by contacting mortgagebuyerbasics.com Getting started was easy and private. They were helpful in answering any and I questions that I had about foreclosure and the options I had to prevent it. All consultations are free and there is no pressure.
I am new to blogging so bare with me. Your post said it would go through the foreclosure process. I am wondering how to acces that info, since i may be headed down that road my self. Did you mean emotionally or step by step with lawyers, banks, and court system? I thank you in advance for your help.