Stop foreclosure, Best Real Estate Website, Short Sale, Homes for sale

1. Why BANKRUPTCY should be your last option? Taking a loan is a big decision that requires a lot of analysis. I am sure that you must have pondered upon this decisive stride and strategized your financial management. But it’s also true that every ounce of strategy is risked to unpaid debt that hovers overhead. If you are experiencing that pressure over you, then just make sure that bankruptcy is not the only option to shun away that stress. There various reasons that will prove my point: You will still have the clouds of unpaid loans! Some loans are not discharged. According to the policies, loans like student loans are not repaid. When you file for bankruptcy, you cannot be freed from alimony. After all the procedures, you cannot free yourself from all the stress. There will still be a definite cloud of unpaid debt.

2. Tightened finances. Let’s assume that your situation has worsened to a point that makes you file bankruptcy. Now let’s say you file the chapter 13 bankruptcy. It will reorganize all of your debts according to your income. It’s like the situation where all of your expenses will eliminate half of your income. The rest free cash won’t be free anymore! The reorganization will tighten your finances. The free cash of your income will now be used to repay your debts. And furthermore, this situation is going to continue for at least 3 to 5 years. The past taxes are still unpaid! The unpaid taxes that levels up your pressure will not be discharged in this process of bankruptcy. Not fair! Be it your income tax, or the payroll money (of course this applies to the entrepreneurs); you won’t be rewarded with the elimination of these parameters. Frowned scores on your credit report. Just think about the exception that bankruptcy has. Not paying the taxes and stand-out loans. Still it will create the frowned mark in your credit report. And what’s more is you cannot get rid of it for around 10 years. It will act like a Jinx for your financial self. If you apply for any kind of financing or some other loans, you will have to pay over high rate of interest. Your property is at stake. Well, what if you have some hard-earned assets or have an emotional connection with them. Filing a bankruptcy can risk their existing association with you as an owner even if they do not fall in the category of secured assets. The process can use these assets to pay off your debts to the creditors. Your fortunate gifts can be taken away (even before you unwrap them)! Just assume that fortune presents you with an inheritance of some property. For example, you become the beneficiary under a will of a person who just died. After the condolence, you will thank for the received gift. But if you have applied for the bankruptcy, the process will exclaim- Oh! You spoke too soon. Even before you are termed as the legal owner, the bankruptcy trustee will run after that asset to repay your creditors. So, just think about all the options and analyze your situation wisely. To opt for Bankruptcy is of course a wise decision for some debtors, but then, it is also the last option. Article By Matthew Merenoff

3. About Matthew Merenoff Matthew Merenoff: National Short Sale Specialist /Negotiator With over 15 years of experience in the real estate industry, Matthew Merenoff is one of the leading experts in loan modification, short sale negotiations and settlements in the country. During that time, Matthew Merenoff has gained a vast network of contacts that continue to help support his success. Matthew’s career began as the Director of a National ForSale By Owner program, which allowed him to quickly learn about the challenges and struggles faced by the typical homeowner. Over the next four years, and the programs rapid growth, he decided to switch gears and work with the homeowners as they faced the uncertainty of their home loan futures. Unlike many in his field, Matt is personally connected to what he does. While in college, Matt’s own wife knew the pain of losing her family home to foreclosure. The devastation to her family has proven to be a driving force behind his success and relentlessness in protecting other homeowners from a similar fate. This is also why he treats everyone he works with in a kind and compassionate way. He knows this situation can happen to anyone. During Matt’s time with Real estate Recovery Group, he has written 5 manuals on short sales as well as given over 100 presentations and seminars. In addition, Matt has also done one on one coaching sessions for attorneys, realtors, homeowner, mortgage professionals, and investors who have all been tremendously successful as a result of Matt’s tutelage. Contact Information Website: www.stopforeclosure.co Phone: +1 (866) 739-3960 Email ID: info@rergroupllc.com Address: 120 East Main Street Suite # 157, Ramsey NJ 07446