Even though I will be revealing many of my suggestions to our government on how to solve the U. S. real estate market and overall Financial Crisis in Section #3 of this book I would like to reveal a couple of them now because they specifically deal with preventing the loss of Real Estate Ownership. Two of my Business Practice suggestions, that I feel should have been implemented about 10 years ago, would be to mandate the implementation of Lender Workouts and Lender Short Sales not only in real estate debt level categories but also in all consumer debt level categories as well.

Why Lender Workouts And Lender Short Sales Should Be Mandatory

Let me briefly explain why the implementation of these types of Business Practices in real estate debt level categories is now critically important. Because record breaking amounts of real estate pre-foreclosures and foreclosures have and continue to develop since the year 2004 the entire dynamics of the U. S. real estate market and overall economy have significantly and dramatically changed. As a result of this change traditional Business Practices pertaining to how real estate mortgage payment delinquencies are handled and collected must also significantly and dramatically change in order to prevent further and further deterioration of the U. S. real estate market and overall economy. This is exactly why real estate Lender Workouts and Lender Short Sales should now be legally mandatory as opposed to legally optional. By the way I’ll be explaining exactly what I mean when I say the entire dynamics of the real estate market and overall economy have changed in Section #2 of this book. Now let me briefly explain how the implementation of these types of Business Practices in real estate debt level categories should be handled.

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