If you’re anywhere near Atlanta, 2 Weeks to Wealth starts Saturday, 9:00 AM at the Westin Buckhead, Atlanta. Call 1-800-592-3334 RSVP. I’d love to see you there.

- Jeff Kaller
http://twitter.com/thejeffkaller
http://www.facebook.com/jeffkaller

Check out this “newstory.” http://www.newsweek.com/id/208633

Economic futurist Harry Dent (who’ll be speaking at 2 Weeks to Wealth) thinks we have a long way to go before the recession is over. And he’s predicted every boom and bust in the last 25 years.

But really the only thing that matters is YOUR reality. Are you feeling less stressed financially?

Are you cutting, scrimping and making due?

Did the government’s economic stimulus effort help you or your company like they did in the article?

Do you see any light at the end of the tunnel?

Or is this a false “rally?”

Personally, I’d be the first to throw a “recession is over” party, but my gut’s telling me different.

But again, you tell me. I’d love to hear your comments.

- Jeff Kaller
http://twitter.com/thejeffkaller
http://www.facebook.com/jeffkaller

In terms of short sales using the Jeff Kaller Method,renting really isn’t an issue, since the property will be sold quickly.  But if the new homeownerwants to let the family continue to rent, from then that’s their decision.

- Jeff Kaller
http://twitter.com/thejeffkaller
http://www.facebook.com/jeffkaller

PS:  Remembers:  The homeowners didn’t cause the problem…  THEY JUST NEED HELP.

From DSNews 07/21/2009

“Herb Allison, the Treasury’s new assistant secretary for financial stability and former CEO of Fannie Mae, told lawmakers at a Senate Banking Committee hearing last week that the administration is considering another housing proposal that would require lenders to allow previous homeowners to stay in their foreclosed homes as renters.

Officials say that besides providing a residence option for former homeowners, the plan would also address the glut of vacant properties plaguing neighborhoods across the country and pulling down home values.

Sen. Charles Schumer (D-New York), said, “This could make sense as a last resort for troubled homeowners who would otherwise lose their homes and find themselves with nowhere to live.”

William Apgar, HUD’s senior mortgage finance adviser, also testified that the administration is exploring foreclosure rentals as another mortgage relief option. However, he noted that in many instances, borrowers who have gone through the distress of the foreclosure process do not want to stay on as renters in the same property.

The idea is similar to a program launched by Freddie Mac in March, which gives homeowners the choice to rent their homes after foreclosure. Brad German, a spokesperson for the GSE, told the Washington Post, though, that the company’s rental program has not attracted many participants because most former owners instead choose to accept money to voluntarily vacate under its cash-for-keys program.

The administration is also considering an initiative that would provide mortgage assistance to the growing population of unemployed homeowners.

Apgar told lawmakers at the hearing, “The current very high level of unemployment is making the already difficult task of helping families struggling to meet their mortgage payments even harder.”

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The delinquency rates for Chicago-area commercial mortgages along with construction and land loan delinquencies jumped again in the second quarter and could rise well into 2010.

http://www.chicagorealestatedaily.com/cgi-bin/news.pl?id=35304

With NAR reporting that 31% of all existing home sales are short sales today, there’s huge opportunity, my friend!

Jeff Kaller

I hate when this happens.  It gives all the good we are trying to do a black eye.

Take a look:

http://www.inman.com/news/2009/07/22/florida-targets-mortgage-rescue-firms

When scam artists like these take such a predatory, opportunistic, exploitative–criminal approach, it makes my blood boil.

Why?

Because it happened to ME 13 years ago.

Promises, promises.  People were promising to help but never came through.  I believed them.  I put my trust in them.  I know the heartbreak and despair it creates.  You feel like you just threw good money after bad.

You just feel awful.  And helpless.

The solution is simple: NEVER ever give money upfront for someone to help with your mortgage situation–PERIOD.  No matter what the strategy you use.  Short sales, Deed in Lieu, Loan Modication, etc.

It’s not neccessary.