To help you get started thinking about coming year, we are publishing a series of articles on top wealth creating habits. This series of articles will feature simple and practical ways that you can begin easily creating wealth in your life, no matter what your current situation. Ready? Let’s dive in!

Chances are, if you’re reading this article, you’re not wealthy yet. Chances are also that you are an employee, working for someone else, or you are a business owner but your business has not yet made you wealthy. In either case, haven’t you dreamed of being a wealthy business owner, whose business generates continuous wealth and income? Most of us have…but most of us also run up against brick wall of not knowing how.

The best way to get started becoming a business owner with very productive employees is to get a business and hire some great employees. Now, most of us aren’t able to do that overnight, or we would have done it already, right? Wrong!

STOP FORECLOSURE

How Homeowner Can Save Their Home From Foreclosure

Drive around and see how many signs you see that says House for Sale. How many lease purchases do you see? How many abandon houses are on your street? Our country is up against wall with delinquence mortgages. FHA mortgage lenders are filing claims in millions from HUD. How do I know? I counsel homeowners every month concerning their mortgage and what they need to do to protect their property and communicate with their mortgage lender.

What is cause of all these delinquence? There could be several reasons: Lost of a job, health issues, divorce, business failure & income reducing. Before homeowner even tries to save his/her home, they move out or better yet file bankruptcy. If they only knew what options were available to them, they stood a better chance of saving their homes.

Some homeowners try to make an attempt to talk to their mortgage lender for a possible workout but here is problem. They are taking to wrong people and they do not have a plan. I know some mortgage lenders can make it very difficult to be reach and consider you for a workout. Some will tell you that all communication will be handle by their attorney. The only thing their attorney wants to know is whether or not you can reinstate mortgage and if not, it goes to foreclosure.

Some homeowners even got to right department to discuss a workout only to find out lender denied their case. I am here to tell you that your home can be save from foreclosure. There are some facts you need to know before you abandon your home or file bankruptcy.

Fact number one: Stay away from so-called investors. Why are you going to give your equity away when you can save your home yourself? Yes you can do it. Do not quit - claim your home, sale or sign any papers until you talk to your attorney.

Fact number two: If your home is FHA or VA insured, your mortgage lender must consider a workout before they can file a claim. If FHA or VA discovers you were not given opportunity for a workout, then FHA or VA may deny mortgage lender claim, they don’t want that.

Fact number three: To be considered for a workout, you must have some money. At a minimum you must have attorney & foreclosure fees payable to mortgage company before sale date. Reason: Your mortgage lender cannot put attorney & foreclosure fees back into loan. Their insurer will not permit it.