Choose wisely the first time….. it may be all you have

I had an interesting call the other day from a Mortgage Broker seeking Power of Sale Escape for one of his clients…

Turns out that he put them into a private second a year ago, and these clients have come up for renewal of said second.

Unfortunately their beacon score had not improved enough to make a strong enough application for renewal. Despite the fact that they require 90% ltv, which is difficult to find unless your credit, location and home are pristine.  You see, the vast majority of private lenders are not at all cognizant of credit repair, so hearing the story above is fairly common.

This happens more than you know. The vast majority of private lenders leave your clients credit restoration to them.

Many of the clients we see have not had the financial education required to move forward with their own credit repair process.

If you are currently in a subprime product with Accredited, Wells Fargo, Xceed and are facing Power of Sale or an Orphaned Mortgage, we can help. Help, by stopping  Power of sale, keeping you and family in your home, preserving equity, while reducing or eliminating debt.

 

So I ask, why indulge in useless chat with countless many individuals who think they know how to stop Power of Sale.  Further to that, do they have your best interests are heart?  Unfortunately we find many many families that come to us, were preyed upon by lenders due to the clients desperation to save their home from Power of Sale.  In turn this band-aids the situation and the end is still inevitable.

Terry and  I can straight away give you the facts that will educate and empower you to take the upper hand on what seems to be spinning out of control.   Without a doubt you will come to realize that there are very very few who, if they care to help you – have your best interests at heart.  We are one of those few.

In saying all that, so wasting none of your precious time I will straight away lay down the facts before you.

 

To stop Power of Sale, you must choose quickly and choose wisely….

 

•      First and foremost, when you choose us you can be at peace that you are in safe hands as we will treat you with compassion and respect. The respect that you deserve but are stripped off by the power of sale.

 

•      We are the only company in Canada that are offering clients phenomenal  up to 90% financing regardless of beacon score or credit history

 

•      We care where you are going, not where you have been.

 

 

 

•      Success rates are astonishingly high.

 

Darren Plumb

Foreclosure Escape Artist

Tags: Ajax, amberlea, bad debt, bank sale, bankruptcy, bay ridges, beacon score, beaton, blue grass meadows, brock ridge, brooklin, canada, centennial, central, central east, central west, columbus, consumer proposal, credit card, credit counciling, credit restoration, darren plumb, donevan, downtown whitby, duffin heights, dunbarton, durham region, eastside, eliminating debt, farewell, financial education, foreclosure escape artist, highbush, judgement, kedron, lakeview, lien, liverpool, lynde creek, mclaughlin, northeast ajax, northglen, northwest ajax, northwood, o'neil, ontario, orphaned mortgage, Oshawa, Pickering, pinecrest, port whitby, pringle creek, private lenders, raglan, renewal, rolling acres, rosebank, rouge park, rougemount, samac, south east, south west, stevenson, stop power of sale, stopping power, taunton, taunton north, terry hepditch, town center, vanier, village east, west shore, whitby, williamsburg, windfields, woodlands, writ, xceed

To Sell or not to Sell, is that the Question?

As a Foreclosure Escape Artist and admittedly a marketing hobbyist, I routinely scan google looking for competition to what we do.  Competition is good for the marketplace, it keeps everyone on their toes and prices in check, no question.  Personally I have found that seeking out my competition has offered opportunities to partner and potentially help more people escape Power of Sale.  Searches have shown me that there is more Real Estate agents peddling “Save money-buy a Power of Sale Home”, than there is people able to STOP your Power of Sale, keep you in your home, while preserving equity and reducing or eliminating debt.

Incidentally, I am a Real Estate Agent, however my focus initially in Real Estate was Foreclosure Escape.  That is to say helping families stay in their home, not helping them out of their home.  In reality there is a big misconception between Foreclosure and Power of Sale.  Although the term does not apply to Ontario, I use Foreclosure Escape Artist, because it is more catchy than Power of Sale Escape Artist (which I also own).  The truth is there is no real great deal on buying a Power of Sale Property in Canada.  Foreclosure is another story, that is for another blog post, as I am now getting off topic….

Being a Real Estate Agent and Mortgage Agent, each time a new client comes my way I am faced with the same question, do I recommend they sell their home or do we find a suitable private lender to help them out?  What are the best interests of the clients?

Sometimes what my partner and I think it best, our clients do not, such is the case when we recommend the selling of the home.  You see, some families are so upside down in their financing, the best thing is a clean slate and moving out of the home.  Being licensed in both real estate and mortgages, it puts a fair bit of fiscal responsibility on Terry and myself when consulting families on their refinancing issues.  Many times when a client is facing a default the first knee jerk reaction is to call a Realtor for a listing presentation just to know one’s options.  Of course the agent makes nothing if the client does not list.  I would not say in all cases, but in some, we could have definitely helped that client stay in their home.  I hear countless stories after the fact.

So although to sell or not is sometimes a question, the real concern is time.  What do I mean?  Time is of the essence when saving a family from Power of Sale, period!  The most dangerous client is the one that thinks they still have options.   I will say that again, the most DANGEROUS client is the one that thinks they still have options.  Often Terry and I consult a client, then they go off the grid for a month, then come back when the Sheriff has locked them out of their home and they are living in a hotel.  This sort of time constraint is not only stressful on the situation, but heartbreaking.

My advice, do not waste time talking to people who do not know and have not been in your shoes.  Seek out people who are professionals in their field and can offer you education and empower you to make your own decision.

Darren Plumb

Foreclosure Escape Artist

Tags: barrie, ontario, canada, simcoe county, 400 East, 400 North, 400 West, Allandale, Allandale Centre, Allandale Heights, Alliance, Ardagh, Bayfield, Bayshore, City Centre, Codrington, Cundles East, East bayfield, Edgehill Drive, Georgian Drive, Grove East, Holly, Innis-shore, lakeshore, letitia heights, little lake, north shore, northwest, painswick north, painswick south, queen's park, rural barrie southeast, rural barrie southwest, sandy hollow, sanford, south shore, sunnidale, wellington, west bayfield

Don’t Believe the Hype

I ask myself often that why it is that even the smartest of people fall prey to the stories fed to them by the internet and the deceiving media of today.  Trust me when I tell you, I have seen people from all walks of life trusting what is fed to them.  I have seen the most educated of people believe that losing their house to Foreclosure or Power of Sale is the only way out for them.  I often sit and ponder as to how this misconception can be eradicated once and for all.  But all I can do is take small steps one at a time.  This is why I am writing this email to you, to help expose the truth that you can escape the jaws of Foreclosure and Power of Sale.

I am here to tell you that you do not have to fall prey to the evils of Foreclosure and Power of Sale. You do not have to believe blindly what is told to you. You definitely DO NOT have to lose your house to those who care not for people but for the process.

Foreclosure Escape Artist is here to help. To help people who have been rejected when they have asked for help and have been told over and over there is no one who can help.

At Foreclosure Escape Artist, we care about families who are about to lose everything they have worked for along with their self esteem in this time of economic crunch. We are here to take over their problems and fix them.

Where do you fit in all this you might ask? It’s really simple. Are you fighting against Foreclosure and Power of Sale? We want to help you.  Now you may ask why you must choose us when no doubt you get many other companies are offering the same?  Well, the difference lies in our way of conducting business.

We take on clients regardless of the credit history.  We arrange financing to 90% LTV. We have Senior Credit Specialists standing by to help you rebuild your dream. Our program that is second to none which will help your family stop power of sale, stay in your home, while reducing or eliminating debt.
We are here to help.

Darren Plumb

Foreclosure Escape Artist

Tags: Ajax, amberlea, bad debt, bank sale, bankruptcy, bay ridges, beaton, blue grass meadows, brock ridge, brooklin, canada, centennial, central, central east, central west, columbus, consumer proposal, credit card, credit counciling, credit restoration, darren plumb, donevan, downtown whitby, duffin heights, dunbarton, durham region, eastside, farewell, foreclosure escape artist, highbush, judgement, kedron, lakeview, lien, liverpool, lynde creek, mclaughlin, northeast ajax, northglen, northwest ajax, northwood, o'neil, ontario, orphaned mortgage, Oshawa, Pickering, pinecrest, port whitby, pringle creek, raglan, renewal, rolling acres, rosebank, rouge park, rougemount, samac, south east, south west, stevenson, stop power of sale, taunton, taunton north, terry hepditch, town center, vanier, village east, west shore, whitby, williamsburg, windfields, woodlands, writ

How bad can it get?

Here is something that happened a while back and I just thought it was worth sharing.

A certain lady came to see me with everything she had ever worked for on the line. As she opened up I came to know that she had worked hard as an office secretary all her life. Ever since her marriage she had let her husband take care of the bills and taxes. Unfortunately her husband had abandoned her 2 months ago and it was then that she found out that he had left her under the burden of immense debt. As she struggled to take care of the bills and taxes in the meantime the house mortgage that was in her name had matured. And one day there it was. Power of sale got to her. Her house was being put to sale by the bank.

Well the corporate jungle out there has no compassion for such people. But I do. It pains me to see such honest people in such situation. I took up her case. Everyone on my team worked tirelessly on her case. And just yesterday when we told her that her house will be hers forever she cried of joy.

So why would I tell you all this you may ask? Well some people tell me I am not a practical person and I mix business with emotions. But THAT is the point that I want to convey to you. Clients are not just pages of files to us, they are more than that. They are very special people who deserve the best in life.

So when you come to us you can rest assured that every ounce of our compassion will be put into your cases. Credit histories are not a thing to worry about on your behalf, as we not only don’t care how bad it is but also work to rebuild it.

We are just a call away to answer all your queries.

Darren Plumb

Foreclosure Escape Artist

Tags: Ajax, bad credit, bank sale, bankruptcy, canada, consumer proposal, credit card, credit counciling, creditors, darren plumb, Durham, foreclosure escape artist, gta, invest, lynde shores, mortgage, ontario, Oshawa, Pickering, power of sale, real estate, renewal, return, stop power of sale, terry hepditch, whitby, writ judgement

Not for Nothing

What do you do when the bank says that your NOT eligible for renewal?  This is becoming more popular than you might imagine.  It is termed “Orphaned Mortgage”.

So what is it that I can do for you, you ask?  Well not for nothing do I claim that I have the solutions to help families avoid Power of Sale and STAY in their home.

I do not just encourage people to build castles in the air. I deliver what is promised to them in the broad daylight!
So by now you must be thinking what is it so different about my plan for helping you stay in your home, avoid Power of Sale while reducing or Eliminating debt that anyone else hasn’t promised so far? So here I am to provide you the answers to all your queries and fears.

• We understand your situation.  We believe that losing it all even self esteem to the banks is not the only way to go.  We offer our services and our compassion.
• Regardless of the credit history we offer 90% loan to value.
• Our success rates are higher than our competition because we specialize in credit build up (something that other private lenders are not offering).
• We are the only company focusing primarily on Foreclosure Escape and Stopping Power of Sale Dead.

You can be our responsibility. All you need to do is give us your business and sit back and watch as you get back on your feet. Do not trust the horrid stories people and the banks tell you. Contact us and know the truth for yourself.

Darren Plumb

Foreclosure Escape Artist

Tags: bank sale, bankruptcy, barrie, canada, consumer proposal, credit, debt, default, discharge, Durham, foreclosure escape, judgement, mortgage, ontario, orphaned mortgage, possession, power of sale, private lending, renewal, served, sheriff, simcoe county, stop, writ, york

The Pain of Power of Sale

I will share my thoughts today with regards Power of Sale. Isn’t it a pity to see family after family crying out for help and inevitably accepting defeat? The defeat which is losing their home to the bank. Is it not unfair that these hardworking people due to no fault of their own are forced to lose everything that they worked their entire lives for?

We are here to help. You are important to us and we are your beacon of hope. Since 2006 we have been at the top of our game, helping people stand up against the Power of Sale. We will help you get rid of your credit burdens and regain your pride and self esteem. Because we believe that no one facing Power of Sale deserves what is coming to do them. Losing your home does NOT have to be your ultimate fate.

Regardless your credit history, 90% refinance is offered without any discriminatory conditions on our part.

So if you are being forced to face the power of sale, think no more and allow us to drive the bus.

From that point onwards you can just sit back and let us work our magic. One simple step in our direction and we will walk the extra mile for you.

Darren Plumb
Foreclosure Escape Artist

Tags: Ajax, bank sale, bankruptcy, canada, consumer proposal, Councelling, credit, credit card, debt, default, Durham, foreclosure escape, help, judgement, mortgage, ontario, Oshawa, Pickering, private lender, renewal, repair, stop power of sale, whitby, writ

Why we do what we do

It’s always the little things in life that make it worth living. These little moments of joy are what keep us going through the most bleak and desolate of times. One of the most amazing feelings, known to me and I am sure to you as well, is when a person takes the step and decides to become the owner of a house. As people in our line of profession know, it is a joy to see the look on the faces of clients when they set foot in their new home.

What is a sad sight to us is when we see families going through a rough patch in their lives, have to surrender to their homes to the big bad banks.

We are here to help.

Surrendering and giving up your hard earned homes to the power of sale is NOT the only choice you have. The misconception planted in the minds of families by society tortures them to no end and convinces them this is a losing battle and that they must accept defeat quietly.

We are here to inform that there is a way out and we are here to provide you with the solution.

Our system will helps families in a number of ways. We evaluate their status and rebuild their credit in a period of time enabling them to stand on their feet once again. And thus eventually helping them regain their self-confidence.

Time is not a luxury you have when it comes to dealing with your Power of Sale. The sooner you decide to follow our program, the safer your home, your equity and your family.

Darren Plumb

Foreclosure Escape Artist

Tags: arrears, bad credit, bankruptcy, barrie, counseling, cra lien, credit, darren plumb, debt, default, expiry, foreclosure escape artist, judgment, letter, mortgage, mortgage broker, ontario, past due, power of sale, private lender, proposal, real estate, real estate agent, renewal, sale, simcoe county, situation, stop, terry hepditch, writ

banks to blame for consumer credit woes?

Hmmmm, I found an interesting article this morning, which speaks about banks being to blame for consumers getting hooked on credit.  The jury is out on that one for me.  I think yes to a point, however banks like any other business are in business to make money.  The fact that our society has evolved into a “have it now” mentality is preyed upon for sure, is it really the banks fault though?

That is like saying that Tim Horton’s is to blame for people liking coffee. As a mortgage agent we take an oath to be fiscally responsible to the needs of our clients.  There are those out there that walk in the “grey” part of that to ensure their needs are being met before their clients.

Being a Foreclosure Escape Artist I meet client’s everyday that have gotten, been steered or otherwise are in some financial mess due to the advice of someone else.  Would I suggest that advice given by said professional to these clients was deliberate with respects to not serving their situation adequately, not at all. I am simply saying that some professionals out there do not have the education themselves and to that fact, do not have the mentors to go to. The mortgage industry like many other 100% commission positions offers very little as far as mentoring. Most are work from home. So it is like I say “on the first day, your lucky if they show you where the washroom is”.

Of course there are larger companies with stricter compliance, inevitably there will be the few clients that fall through the cracks.  The subprime mortgage market in Canada represents approximately 30,000 mortgages, that is about 7% of all mortgages in Canada. A relativeluy small number, however enough that a Boutique Custom Solutions Provider like us stay very busy sitting under the cracks, seeing what falls through.

That is where Foreclosure Escape Artist comes in.  We assess each clients situation, then refer this client to a credit professional previously screened by our team. Then tie the whole package together in a “save your home from Power of Sale” plan.  Foreclosure Escape Artist is not sales people, rather educators, who empower our clients to make their decisions from an educated place.

Darren Plumb

Foreclosure Escape Artist

Tags: power of sale, real estate, investor, investing, darren plumb, foreclosure escape artist, barrie, ontario, canada, lease to own, rent to own, roi, return on investment, cash on cash return

the assassination of Canada’s private lenders…

As we are always on the lookout for private investors to support our program, it is been a growing concern over the past couple of months that there are a few Subprime lenders coming back online. This potentially will threaten the availability of lending opportunities to the small investor without question.

You see, prior to 2008 there were approximately a dozen lenders like Well Fargo, Accredited, Xceed, etc that serviced the approximately 30,000 subprime mortgages in Canada up to that point. With the mortgage meltdown in the US causing a knee jerk reaction in Canada the majority of lenders servicing this market shut down or pulled out of Canada. For private investors this was a glorious day as with no formal programs there was a huge void in the marketplace.

Like any market crash it is cyclical and things often return close to where they were previously. So what am I driving at you may ask?

We have watched over the past few months and seen programs for mortgage brokers coming back on line. Most are still conservative, offering 65 to 80% first mortgages. However in some cases they will allow secondary financing up to 90%.

As many of you know legislation was past in the spring of 2011 to limit residential financing up to 85% loan to value. Many private investors also recoiled to this and stiffened their own guidelines pulling back on the loan to value that they will allow.  With formal institutional programs coming back on line with options up to 90% loan to value, what does mean for the small investor?

Does it mean that private lending is going away, not at all. In fact the competition is actually a good thing. With no competition in the market it almost becomes like the wild west. Institutional programs will to some extent bring some stability and uniformity through competition. Similarly with any competition deals will be fewer and only the investor poised in a state of cat like readiness will get them. There will always be the exceptions, like what we have.

There are of course niche products in the market place, such as ours. The one drawback of many private 1^st and 2^nd programs is their lack of credit repair. Our goal is to not only better the position of our clients with relation to debts and cash flow, but also to provide financial education and budgeting. This ensures a win win and that the client is able to stop the revolving door of private funding.

think this through with me a minute here….

Why in the world would you go to all the trouble of trying to find opportunities, and assimilate all the hundreds of moving parts such as credit repair and property mgmt that put these pieces and people together … when we have them all waiting for you in one place … right here … and right now? Stop making life so hard on yourself. It doesn’t have to be that way.

Tags: barrie, canada, cash on cash return, darren plumb, foreclosure escape artist, investing, investor, lease to own, ontario, power of sale, real estate, rent to own, return on investment, roi

…where do you invest?

In scanning a few articles this morning, a few caught my eye. The most notable and what you many of you already know, the continuing decline of the US. Some markets in the US seeing such sharp Q3 declines from 12 to 17% in annual housing prices.

Although the old saying comes to mind “when there is blood in the streets there’s money to be made” comes to mind, I also look at the Canadian market and wonder what makes someone want to invest in a place with no apparent bottom yet….

Canada in the same period saw gains nationally of 5%+. The markets that we generally focus on such as Toronto, Ottawa, St John, NB and Halifax have seen growth between 4.4 to 10%. Even on the world stage Canada still maintains globally where such countries as Sweden, UK, Ireland, Australia and Spain have seen annual prices decline in Q2 this year. Canada, France and Switzerland coming out ahead with increases in annual pricing.

In discussing opportunities with investors the main point that they are concerned with is the “what if”. What if my client defaults, what if I have to sell…. The data out there supports a slow down in growth in 2012 and 2013, not a crash. No doubt the projected interest rate rise of 100 to 150 basis points into 2013 has been factored into that “slow down”. The outlook is far better than our neighbors to the south.

The opinions whether to invest in the US or Canada are a wide varied as the many investment strategies that are available. Some are after a vacation property, some are after being able to buy 10 properties for the price of one in Canada.

With the stability that Canada has to offer why would YOU choose to do business anywhere else? I look forward to your comments.

Darren Plumb

Foreclosure Escape Artist

Tags: barrie, canada, cash on cash return, darren plumb, foreclosure escape artist, investing, investor, lease to own, ontario, power of sale, real estate, rent to own, return on investment, roi