The Secret of Land Banking

When you need advice you need it fast, phone book ads state free consultations with an attorney near you. You make the call, set the appointment only to find out you have 10 minutes and 3 questions. You spent hours building your list of questions, preparing to take thorough notes hoping to solve your issue without having to pay an arm and a leg.

Your 10 or 15 minutes of fame is suddenly cut off with the words you fear most, “We can help you with your legal matters it’s going to cost $XXX.XX/ hour. You sigh knowing that you can’t afford the services and feel like the whole event was a waste of your time as well as theirs. You read in the local phone book or paper about free legal aide and again you prepare for the meeting to find out that your needs cannot be met since this is a county sponsored event.

You scratch your head, look bewildered and feel frustrated beyond all belief. You’re getting no where. You have a friend who is an attorney and you seek to go plug him/her for the info you need, you set up lunch at a nice place and put your best foot forward. Your colleague arrives and catching up soon begins. As you go for the one off approach to slide your way into your request your associate smells it coming and stops you in your tracks.

They tell you this is not a business luncheon and you’re not a client so stop before you embarrass yourself. You silently whimper to yourself as you hold back your emotions. All you can think of is the fact that you need help, you need it now yet you can’t afford the expense. What do you do? If you only had access to attorneys by phone so you could solve your issues or at least get access to them in the privacy, comfort and convenience of your own dwelling.

The problem is that many of the major “discounted legal plans” have attorneys who aren’t worth their weight in salt or don’t care about your out come. The intake people don’t seem to want to give you the support you need or even seem to care that you’re a real human being with needs of grave importance. Their only concern is when their next break, lunch or time to go home is happening.

Again you feel like you have been ripped off. You need piece of mind, experience and commitment to satisfy your needs. There are a few plans who offer experience, proven results as well as client satisfaction. Where do you find them? How do you make contact with them? These are all secrets unless you have the insider information.

Most of which is attainable from outside sources, you know sources outside you reach. What if all you need are simple things not involving legal court representation, or major counsel then discounted services are the way to go. All the attorney support you need at a fraction of the cost. Also many offer incentives to join their association; free services, some steeply discounted services and discounted legal representation.

The weight of these benefits more than justifies the association costs, although what if a membership could offer more than legal services would that be of interest to a consumer or a professional seeking change and advice. What if you could access every facet of your financial well being in the same membership package, asset protection, financial advice, debt and equity management, identity protection and a service guarantee just for starters.

Not all service companies are created equal. Many are one dimensional and lack the appeal or know how to prevent certain aspects of your life from being exposed to risk. You hear it al of the time at the office “it’s not my job or responsibility.” That’s how you feel when you use many discounted services. In fact I have seen many of these fly by night companies make peoples lives more vulnerable to risk that need be.

You owe it to your self to be informed. Get involved in your life and take responsibility to make a change, never leave your options up to a good pitchman cover your basis and get multiple inputs before you decide what your best course of action is.

In today’s economic conditions death seem to be the only way out for many consumers who are consumed by over whelming debt. Although bankruptcies are up in filings for the third year since reforms went onto effect many consumers feel that their options seem hopeless yet they still plug on through the daily grind. For many alternatives such as the housing bailout seems like it’s to strict on its guidelines or to ambiguous in its terms to clearly point out the pitfalls and loopholes used to gain the upper hand in the situation by the mortgage lenders.

While we are in these turbulent and chaotic times we need to keep out wits up, our spirits high so we can see clearly through the stormy and uncharted waters of our financial status. For many it’s all or nothing, the fight seems hopeless will I ever survive? Lawyers go for blood and prey on those challenged in tough times. Are they really giving you the best advice for you or for them?

If you have ever had to seek counsel for filing a bankruptcy you know it’s a gut wrenching and sickened type of feeling. You know you’re in for a life long time of hurt and suffering. However if you’ve exhausted all of your options and you can’t take the pressure of your creditors calling and demanding terms you are unable to afford then you need to seek shelter.

Seeking shelter doesn’t mean go hide, change your address and telephone number it means legal protection for you as well as your sanity. Stop the annoying creditor phone calls; get the debt goons off of your back and regain your sanity back to a time when life was a bit easier and more joyous for you.

Although finding an attorney who is both ethical and sensible to your needs is often an oxymoron in the true sense of the meaning of the word they do exist. When in doubt seek them out. This is when having direct access to a professional organization of seasoned attorneys who are both smart and compassionate to your needs is essential.

We’re not suggesting you seek out a well known discounted legal firm or county legal aid for your personal or commercial situation, we’re merely suggesting you have access to a knowledgeable professionals so that if you don’t like the individual your dealing with you have a back up or two or even three.

Consultations are usually free and can be very informative, although some firms may have a hidden agenda to get your commitment on the dotted line; don’t sign anything until you get all of your facts answered and you feel that bankruptcy will have your best interests covered.

If you have not sought out financial counsel this may be up your alley instead. Remember a professional’s whole status depends on the not only the advice given but the business received. Having a selection of more than one professional can make the difference in your outcome financially as well as mentally.

Get the facts you deserve and never jump to a conclusion, instead rely on a trusted group of professionals dedicated to your overall success, not theirs. Remember no matter where you are today there will always be a brighter tomorrow. Learning the options, facts and different solutions for you are your responsibility. Seek out a close friend or family member even a co worker if you have this type of rapport with the individual; ask them about their experiences and pitfalls.

Ask them about personal triumphs then ask them what advice you might need when consulting with an attorney. Once you have scoured your inquisitiveness and come up with questions you are now armed to tackle the interview. You’re confident and sure about your needs and desires.

It is true that bankruptcy laws have changed in recent years 2005 to be exact; these new laws make it difficult for some filers to obtain a chapter 7 bankruptcy. Yet congress has not eliminated bankruptcy for the little guy they have made the debt elimination of a chapter 7 relief more difficult to attain. Instead a chapter 13 or reorganization or repayment restructuring is usually the case.

Filings are up and for many this is unfortunately the way to go. Bankruptcies are not a short term fix; they have the ability to destroy your good name for years to come. Even when you have gone through your time period of seven or ten years waiting for the bankruptcy or more commonly known as a bk. to drop off of your credit record report you still must legally state on credit applications that you did file for one.

If you do not technically it defrauding the lender, sound familiar? This is part of what led to the mega $700,000,000,000 bail out plan that put our country in a downward economic spiral with no end in sight. Regardless of the state of our nations economy you need to stay focused on your situation. Only you have the knowledge and intricate internal workings of your life.

It’s these little details that will give you the competitive edge; possibly you have an ace up your sleeve. Maybe you don’t need an ace you just need sound solid advice from a trusted professional who isn’t out looking for their next fee instead they are looking out for their clients interests whether they make a buck or not. No matter the case size, length or complexity you deserve a right to know your options.

If you are facing foreclosure maybe you don’t need the stay of a bankruptcy to protect your home, possibly loss mitigation or loan modification will do the job, how do you know if you don’t seek the advice? Can you avoid bankruptcy and snowball away your debt? Can a debt restructuring or elimination plan save the day? Again you won’t know unless you ask. Where do you go to find these solutions you seek? How can I the little guy afford these expensive advisors and why would they want to help me?

I’ve been there, I know these feelings you are going through. They aren’t fun, they aren’t welcome and before you know it… it seems as if everyone around you knows it too. The sad truth is that most people don’t understand what you are faced with and going through. They think your going to bring them down with your ship. Soon close friends are missing in action, family casts you out on your own and the only friends that call you are the creditors wanting to when you’re going to pay.

You can’t do it on your own and live your life too. You need a team of supporters; you need a team willing to go the extra mile; a coach or group of coaches, attorneys and advisers willing to go to bat for you. When your given the heads up every step of the way your able to walk with your head up high. I remember when I filed for bankruptcy, I felt sick and relieved at the same time. Sick due to the added financial burden and relieved from the stress of fighting the rudeness of collectors for my debts.

You simply direct them to kindly speak to your lawyer. Isn’t that nice? Nowadays people don’t have thousands of dollars for these services so this is where the power of leverage comes into play. By using an accredited, professional network of skilled legal eagles you have the advantage that comes from volume. Essentially you have the edge on the game that your friends family and associates don’t.

Attorneys with an average of nineteen years of servitude in their rightful niches, knowledge, alternatives, and historical data to back it up; you need the coaches in your corner fighting with you standing up for you, you also need unlimited access day or night to clear your concerns and your conscience. It’s time to stand up and fight back.

As the famous Warren Buffet would say I only have two main principles when it comes to money and investing.

Rule number 1: Don’t lose any money

Rule number 2: Remember rule number 1

Watch this short video then read on

Even in these turbulent times of market volatility, extreme focus on political matters and the just passed presidential election we the people of the USA need to stand up and fight for our rights.We owe it too ourselves not to be financially sound so we don’t feel the impact of higher taxes, stricter rules when it comes to trading stocks and commodities.

So without going off on a tangent here my principles are equal to that of Mr. Buffet with one exception. I can’t afford to feel the set backs due to market volatility and I certainly can’t afford to spend my days, nights, lunch hours and breaks researching the thousands of stocks in hopes of a good buy.

Also I can’t afford to sit by and watch the market bounce from highs to lows every 15 seconds. Just as an indicator here I listen to KCBS AM Talk Radio out of San Francisco, they do a traffic report and money report every 10 minutes.

Every 10 minutes the DOW, Nasdaq, S&P 500 are up, down and down or slightly up. This goes on for the entire duration of the trading activity. Can you imagine your investments rallying or volleying every 10 minutes and having to stomach the losses.

Sure there are winners but was it luck or do you actually have a skilled investment adviser who can watch and recognize trends in their market.?

Did you know that not only do they get a commission for you earnings, they also earn a commission on your losses; that’s right on your losses because they charge a fee in the transaction unless you happen to find a charitable planner.

So anyway back to my title of this article buy land and wait, I have very specific reasons for my beliefs, 1st when is the last time you heard about the land market crashing, or a slow down in the production of new land? Are you getting my drift?

Land is a non renewable resource, land is the most stable and secure investment vehicle you can place your capital into for both preservation and long term appreciation. You owe it to yourself to learn the ins and outs of a practice called land banking.

Warren Buffet bough most of his fortune when Coca Cola was $0.25 per share. Twenty five cents a share, now I know he is regarded as the most respected and innovative fund managers of the year, however I couldn’t afford him personally for the fees he commands. His own private shares of Berkshire Hathaway were over $10,000/ share, Warren never believed in splitting.

So with that in mind you need to find a reliable source for your precious capital investments, can you afford not to? Take a look at why so many people are running scared from the stock market and looking for a sound investment that can offer safety, security, profitability and performance that is consistent of that of an athlete, or a finely tunes machine.

Learn the simple process of obtaining wealth through a strategy called land banking and secure your future, your children’s future or your heirs future. No matter what position you are in we can develop a plan to systematically grow your wealth to it’s fullest potential.

We have made history in this great nation called the USA. Our 1st African American Presidential Elect has made the grade. Emotions have been soaring over the outcome of our 2008 Presidential Election, people from across the globe have poured out into the polls for their first time.

The voting process here in California has not seen such a turn out in almost 100 years. This is a monumental event in time I can assure you. However this also come with great fear from small business owners, who will first hand see the new shape of our Country’s Political agenda.

Now there are two things I never like to discuss that’s religion and politics but since the season is upon us an dthe historic events around all of the political measures is of great concern to every American, I feel the need to share withyou some of the issues we as small business owners are going to be faced with.

Check out this post from my friend Clayton Makepeace. He is an awesome individual who shoots it from the hip and he always tells it like it is… Go read Claytons article titled “For men and women who still dream.”

When it comes to business and life opportunities I should head to one warning. Once bitten twice shy should be the order of the day. You see I had always wanted to start my own profitable business and be the one stop shop for everyone.

The problem is I couldn’t serve every persons problem. They already had what I was offering or didn’t want what I had to sell. Then one day I was speaking to a very well respected marketer who asked me “who is your target audience?”

Well I have never been the same from that day forward. You see when you must become an expert in a niche you start to learn more about why and how instead of just who. Now you may be asking your self why is this important to me and my finances.

The truth of the matter is that it’s very important. Becoming a financially independent person involves the same logic. You see a marketer, network marketer or an internet marketer all face the same issues. Who is my target client?

For you it is more of a who is my target financial adviser, why should I trust them, how can they benefit me and why should I do business with them? You see marketers have leveled the playing field once and for all.

Information that has been kept secret to the elite is now available for all of those around us wanting to change. It’s now your turn to turn on the info seeker know as the little spot between your ears and listen to what’s being talked about.

I’m not talking about the everyday mainstream media I’m talking about what you never hear people say. Thing like paying it forward or investments that are not subject to the human factor called the human condition where Johnny follows Tim who heard that Sally was doing this or investing in that.

Use the world around you to cross examine your information and come up with a list of questions that will subside your concerns or fears and if you don’t get the answers you have been searching for keep on searching or uncover new questions.

Simply ask it another way and see if that sparks the response you have been looking for.

Either way we as marketers have the knowledge and power to uncover what your deepest fears, concerns, and hot buttons as we call them then turn you onto some form(s) of solutions to solve your problems.

What does this have to do with changing the world around us you may be asking… Well in short it has everything. I just made you aware that your sub conscience is being exploited, your buying habits, your impulse shopping, your search for prosperity, medical research, pet concerns, the wellness of your children and loved ones.

So here’s my pledge to you. If I can help at least three people per week make the change so can you. Watch this short video below to see the power of three. Then from here it on out this is  the way life needs to be.

Motivation

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If you haven’t heard about all of the fuss within the financial sector you must have been living under a rock. The demise of financial giants like Behr Stears, Indy Mac Bank not to mention many other smaller institutions has led the U.S. into a financial devastation like never seen before.

With the focus on the secondary market player Freddie Mac and Fannie Mae being bailed out by the U.S. Government to save us from financial ruin. The focus is now pointed at the mortgage brokers and new regulations along with reform measures to be put into place.

Anyone with half a brain could have seen this coming. How does a janitor or a McDonalds employee afford a 400K, 500K or even 600K+ home and think that they are only going to pay less than $1,500 to $2,000 per month for a mortgage?

Is anyone blaming the consumers for all of this mess? I mean if everyone had followed the old tried and true rules for obtaining a house this would have never happened. Who would have ever dreamed that an underwriter would approve a minimum wage earner for a ½ million dollar house?

The blame for this whole mortgage and real estate mess could be summed up in a word…greed. If it weren’t for some new fancy marketing for a single mortgage program most of this would have been avoided.

Stick with the basic rules and you wont go wrong. Only purchase what you can afford. A mortgage payment (PITI – principle, interest, taxes and insurance) should not exceed 36% - 49% of your gross adjusted income.

The target is on 36% this called the debt to income ratio. You have a top and bottom ration the top is called mortgage payment to income vs. the bottom which is the debt – income ratio.

Every loan officer, banker etc can pre-qualify you in under 30 minutes provided you supply them with the proper information and credit reporting. Bear in mind that the lower your credit scores are the less of a debt to income ration you can have.

Preparing future generations to avoid failure and acts of greed is important to their over all wealth, financial health and physical health by minimizing stress, pressure from over extension and worry.

So in closing play it smart and get the proper information before you buy a life of heart ache and misery, also if you can’t afford it in 30 years why drag the pain on for 40 or more?

A good friend of mine sent me this video to watch today. No matter what the language is the message stands clear. take a moment to see how a few simple words can bring someone prosperity, happiness and hope.

The president has just signed the Federal Housing and recovery Act of 2008. Legislation that will overhaul the Depression-era FHA and provide mortgage relief for 400,000 homeowners struggling with foreclosure woes.

This bill is also designed to quiet the jitters on Wall Street by offering some financial relief and additional accountability for the troubled, government-sponsored mortgage companies Fannie Mae and Freddie Mac.

While the bill started with a battle between the White House and the Democrats in Congress, bi-partisan support eventually led the President to withdraw his veto threat. Below are some highlights of this far reaching legislation.

Homeowner Relief Measures (Hope for Homeowners Act of 2008)

• The law creates a new program to back FHA-Insured mortgages for debt-laden homeowners. Up to $300 billion will be available through the voluntary program operated by a board consisting of the HUD and treasury secretaries, and a chairman of the Federal Reserve Board and the Federal Deposit Insurance Corporation. (FDIC)

• In exchange for new mortgages, homeowners will share future appreciation with the FHA. Borrowers must also meet a payment burden test to determine if they can afford a new mortgage.

• Banks must agree to relinquish their claims for a payment equal to 85% of the current value of the home.

• The homeowner relief program begins Oct. 1^st 2008 and ends on Sept. 30^th 2011.

New regulator for FHA

• The law creates a new, independent regulator called the Federal Housing Finance Agency to govern GSE’s (government sponsored enterprises). It will oversee Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

• The Treasury Department has been granted temporary authority to purchase debt and equity of Fannie Mae and Freddie Mac through 2009 to provide financial stability for the mortgage giants.

Modernization of FHA

• The law increases the FHA loan limit to 115% of area median home price with a cap at $625,000.

• Down payments of 3.5% will be required for any FHA loan

• Seller assisted down payment programs (such as Nehemiah) will end October 1^st

• The FHA mortgage insurance premium will increase to 3%.

• The FHA’s program for reverse mortgages is expanded with higher mortgage limits.

Tax Credits

• Provides new first-time home buyer tax credit which is equivalent to an interest free loan of 10% of the purchase price of the home (up to $7500) to be repaid over the course of 15 years. It will be available through July 2009 for taxpayers who meet adjusted gross income levels.

• Rules relating to the Low Income Housing Tax Credit will be simplified and states will see increased housing tax credit in 2008 and 2009 depending upon the size of the state.

• Allows a new standard deduction for homeowners who do not itemize on their tax returns.

Other Provisions

• The bill lengthens the time a lender must wait before starting foreclosure after a sooldier returns from service (from 3 to 9 months) and also provides returning soldiers with one year of relief from increases in mortgage interest rates.

• Enhances mortgage disclosures requirements to require lenders to inform borrowers of the maximum monthly payments possible under their loans.

• Provides additional funding for housing counseling and legal services to distressed borrowers.

• 44 billion will be provided for emergency Community Development Block Grant money to purchase and clean up abandon homes in areas blighted by foreclosures.

Source www.banking.senate.gov/public/_files