Los Angeles Man DOES NOT Kill His Family members When His five Houses Face Foreclosure… Alternatively, He Beats the Banks at their Own Game

Torrance, CA (PRWEB) February five, 2009

America’s gloom and doom attitude is not only depressing, it really is also dangerous and destructive, says distressed property consultant Mike Rockwood whose wife of 35 years is an administrator at Kaiser Permanente Los Angeles. Rockwood believes that now a lot more than ever, folks need to clench their fists tight and beat the technique–not give up!

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“Just 12 months ago,” says Rockwood, “If a guy lost his job or could not make his mortgage payment, it wouldn’t have seemed like the finish of the world… but take a look at what’s going on proper now. This is madness, and worst of all, it’s completely unfounded.”

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Rockwood is best-known for his timely, 60-Minute Loan Modification, workbook that helps families beat their banks and save their properties. Mike himself was facing foreclosure on his family’s residence (he has four children) and all four rental properties he purchased throughout the genuine estate boom of 2004-2007 that has now gone bust.

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“I was hunting at losing every thing,” says Rockwood. “But not for 1 minute did I feel about giving up. Not for 1 second did I think that some Wall Street fat cat or some international hedge fund was going to dictate my family’s financial future…”

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To date, Rockwood has modified mortgages on all five of his properties locking in prices as low as four.25% and saving a total of $ 493,000 in expenditures over the life of his loans. Amazingly, he did all this on his personal with no lawyers or foreclosure counselors to help him. What looked like the worst issue to ever take place has turned into a blessing that could extremely well advantage his family for generations.

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The government-backed bailout that started with Wall Street, according to Rockwood, has now come to Primary Street. Five million Americans face foreclosure in 2009, so it really is no surprise that banks are rolling over and throwing bailout cash back to borrowers in an try to save their own hides.

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An estimated 7,500 loan modification applications are received every day, so the approach generally takes three-six weeks but Rockwood claims that with his technique, the physical application and adhere to-up correspondence can be completed in less than an hour. From there, homeowners cross their fingers, get in touch with their representative once per week, and await the sweet 4-five% interest rate bargains that are being granted to thousands in need to have every single day.

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With loan modification scams and unscrupulous lawyers descending like vultures on underwater home owners, Mike Rockwood has produced it his individual mission to empower men and women to take handle for themselves–to become proactive rather of reactive. It really is going to be a busy year.

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