As we enter the year 2008, American property owners should now also be legally permitted to approach their current lenders and have their mortgage principle balances reduced when they are able to document that they are experiencing legitimate financial hardships and that they owe more on their properties than what they are actually worth. This concept is known as a lender short sale and it would enable owners of real estate to sell their properties and avoid pre-foreclosure and foreclosure processes. In my opinion mandated lender short sales should not affect a home owner’s Credit or FICO score in any negative manner, shape, or form nor would they result in any tax liability to Uncle Sam. I’ll explain exactly why in Section #2 of this book.

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Respectfully,
Phil Mitsch

Financial Crisis, Real Estate, And Mortgage Trainer
Cherry Hill, New Jersey
856-665-6569
mitschseminars@comcast.net