WE CAN HELP YOU KEEP YOUR HOME AND STOP YOUR FORECLOSURE 5 Solutions To Solve Your Foreclosure Problem in 24 Hours…

Hello My Friend,

Everyone asks me, "Why do I work with homeowners in foreclosure, knowing that there is some type of distress in their situation?"

Well, for the first time I will explain why… it's because,

I Lost My First House To Foreclosure…

"Bad things happen financially everyday in America that effect good people's lives."

A few of the bad things that effect people financially are … divorce, bankruptcy, loss of employment, inherited property, house needs repairs, job transfer, no equity, lawsuit pending, failing business, etc.

The major problem with 75% of the homeowners I'm working with in 2006 are the adjustable rate mortgages and interest only loans. Because of this most homeowners are "upside down" and having no equity. This means there is no money to pay a realtor to sell the property and no money left over for a profit for the owner.

This becomes a major liability for most homeowners, and then comes the stress from not being able to make the mortgage payments. This is where my company comes in!

We offer 5 Solutions to the homeowner that can stop the foreclosure process!

I am not a financial genius. However, I can see what's going to happen as interest rates continue to rise. Unfortunately, we can expect surprises in the real estate market.

In short, impending foreclosures are a reality in today's market.

Here is my story:

I started real estate investing in 1980 in Sacramento , California . The first house that I purchased was a “fixer-upper” in North Highlands for $32,000.

The property was listed for $33,000 and it needed a lot of work!

I was so excited to own my first house at the age of 20! It was ugly! However, I was a carpenter during that time and I knew I could make it look a lot better!

I purchased this property because I had an uncle who encouraged me to save my money and buy a house. My uncle lived in the San Francisco area and had retired at a young age because he owned multiple real estate properties. The income from those properties paid his bills and mortgage payments. He owned real estate in both Sacramento and the San Francisco Bay Area. I was proud of my uncle's accomplishments and I wanted to be just like him.

I worked as a carpenter in the construction industry. I was making good money and I had good benefits because I was in the union.

Anyway… the real estate values were escalating quickly in the late l980’s in Sacramento , that the strategy to become "rich" in real estate was to refinance your property, pull the money out and invest it in more real estate (believe it or not, that same strategy is being promoted today).

So, I decided to purchase my second property… another “fixer-upper” in Del Paso Heights.

Things Were Going Great…

I owned two houses and I couldn't have been any older than 23.

I turned around and immediately rented that first house in North Highlands and I thought, "This is a great business! I’m going to like this!"

I did not realize, at the time, that my adjustable rate mortgage payments were going to go up and that my property taxes were not included in my monthly mortgage payment!

I did not realize that if I wasn't saving money to pay for the taxes when they became due, that I would be digging myself a hole that I couldn't get out of… (you'll find out later that my strategy for paying off my debt was to refinance my property and pull more cash out).

I was very lucky… to be able to start buying real estate like this in the beginning.

However, this good fortune started me on a spiraling road downhill as I lost that first house to foreclosure.

I had this brilliant idea! If I bought a house a little bit under market value, fixed it up, then refinanced it, and pulled out the cash, that I could become a Millionaire…

What a concept! And that was my rags to riches strategy…

So, I refinanced my second property and bought my third house in Natomas, but fortunately for me… it had to be blind luck, I didn't get an adjustable rate mortgage on that property.

My Brilliant Idea Had A Major Flaw…

I didn't realize that the money I borrowed had to be paid back…

The rents that I was charging my tenants had to cover the rising payments on my adjustable rate mortgage, plus the insurance and the property taxes, which were not being paid.

I had taken all of my equity out of my properties by refinancing them. Everything I had was buried in these properties… I was leveraged to the hilt and I didn't realize time was running out…

Remember the first property that I wasn't paying the property taxes on…

Well, 1990 comes along and then 1991, and then the real estate market in Sacramento dropped. That’s right! The value of my properties dropped! I couldn't sell any of my rental properties if I had wanted to… plus, I still wasn't paying the property taxes on the first property, plus the rent payments were not covering the mortgage payment, because of the adjustable rate mortgage that I had.

The second property was breaking even. But, I owed what it was worth. I couldn't sell it. I would have lost money if I would have tried to sell it, plus I had a third house that I lived in that I had to make payments on.

What I didn't realize was that my real estate empire's carpet was about to be pulled out right from underneath me… literally overnight!

So, I decided to refinance my third property. I didn't care what type of loan they wanted to give me… I needed the money to pay the first property's debt and I would have taken any loan they would have given me.

That is when I found out that from being late on my mortgage payments, not paying my property taxes, and having too much real estate debt with no equity, the banks weren't willing to loan me any more money.

My credit was shot and the final straw was I lost my first property to foreclosure because of not paying the property taxes.

What was I going to do?

No credit, very little money, and real estate that had no value…

I cried… I cried some more, to tell you the truth I cried more than I did anything else…

I started feeling helpless, feeling sorry for myself…

I felt I had let my family down…

I hated real estate for the first time in my life and that's where I put the blame.

This was a difficult time to go through… and this was not the last challenge I would have with this thing called life, where bad things happen to good people everyday.

Have you ever been through a tough financial situation before or are you going through one now?

I know a lot of good, hard working, honest people who have gone through this sort of thing before, maybe not to the same extreme that I’ve gone through, but a lot of you have seen hard times.

It was a difficult thing to experience and I wouldn’t wish it on anyone…

"Bad things happen financially everyday in America that effect good people's lives"…

It was a hard lesson… a very hard lesson! I learned about adjustable rate mortgages and borrowing money by refinancing my properties.

Borrowing money against real estate has to be paid back and it's more costly to pay it back the second time.

I Lost Everything…

Or, I thought I lost everything… the only thing I lost was one house, out of three. I still owned two… my real estate investing business was on the brink, my wife had delivered our first child together, and I was a mess emotionally.

Well, after picking myself up out of the fetal position on my couch, I had to start over. I didn’t have any money or credit to work with.

But I knew a lot about real estate and karate. In order for me to start making grocery money, I started teaching karate classes, which at that time was the love of my life.

I was a 4th Degree Black Belt in Taekwondo and a 1st Degree Black Belt in Kenpo Karate. I loved the martial arts!

I decided to roll the dice again as an entrepreneur. I opened my first karate school on Northgate Blvd using a $900 advance on my Visa card.

15 years later, after owning numerous karate studio's, my next real life challenge appeared again.

"Bad things happen financially everyday in America that effect good people's lives"…

My oldest daughter Tiffany graduated from high school with outstanding academic achievements. I'm talking about class president.

Her choice of colleges was Arizona State University … and let me tell you ASU is not cheap…

I was a proud father… I was the proudest father in the whole wide world!

From teaching karate classes all those years, I forgot about planning financially for her future! I was dumbstruck! I thought she could go to college on a full paid scholarship easily…

Because I didn't have it!

Boy, did I get a "WAKE-UP" call… I didn't have the money and I couldn't afford to pay for my daughter to go to college!

Back to the couch and into the fetal position again!

This one really hurt bad! I was depressed again. I can't tell you the amount of pain I felt.

I let my daughter down big time! I'll tell you what, that flame is still in me today.

This is one moment that I use to inspire me to work hard, to never have this happen again!

Then I got off the couch! And I realized, "Wow, I can buy property, but I had to do it without using cash, job, credit or a real estate license.”

That shouldn't be so hard to do… because, that's the same thing I kept hearing on the late night real estate infomercials that were being played on television.

Here was the equation I was using before the crash.

I would go out, I would get a loan, refinance the property… then I would repeat that process again and again. That is how I built my first real estate investing business…

It was built on appreciation in the hopes that inflation would make me a rich real estate investor, but the one thing I learned is that equity does not pay the bills!

Essentially borrowing on my equity put me deeper in debt…

With my new situation (no money and terrible credit), I knew I was not going to be able to take out any conventional loans. I had to do it without any money because I didn’t have any money.

An Incredible System That I
Now Use To Help People From
All Over The United States
"Save Their Homes From Foreclosure"
That Arose From The Ashes Of
My Own PERSONAL Failure

Now that you've read my story…

And, I've answered the question, "Why do I work with homeowners in foreclosure, knowing that there is some type of distress in their situation…”

You know for yourself why I enjoy working with homeowners in foreclosure. It's a great public service that I’m performing and I know you need answers and solutions to your house problem, that I can personally answer from my personal experiences.

Please feel free to leave your information above or contact my associates phone number that you have.

I look forward to helping and assisting you.

Sincerely,

Terry Bontemps