Take Your Hidden Equity Thru Foreclosure CEPersVid-27

Posted on August 29, 2009
Filed Under Foreclosed home |

Homeowners who are in danger of losing their homes through judicial foreclosure should not forget about the equity that always exists in a mortgaged property represented by the sum of the mortgage payments that the mortgagor no longer makes while the property is in foreclosure (and for several months before and after). This is so even if the property is worth less than the amount owed to the bank. The total amount of these monthly payments to be saved can be considerable, depending on (i) the number of total number of months of non-payment of mortgage; (ii) the regular amount of the monthly mortgage payment not being paid; and (iii) the legal costs to defend the foreclosure action. Attorney Carl Person explains how homeowners can extract this remaining, hidden equity while ultimately losing their home in foreclosure, and use this hidden equity to reduce or pay off their outstanding credit card balances and stop payment of 30% credit-card interest. CEPersVid-27

Duration : 0:6:34


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Comments

3 Responses to “Take Your Hidden Equity Thru Foreclosure CEPersVid-27”

  1. YbjamesY on August 29th, 2009 3:53 pm

    Here in New Jersey …
    Here in New Jersey they do not seem to want to give consideration to TITLE, aka Fair Market Value.

  2. c0ntender1 on August 29th, 2009 3:53 pm

    i need help on how …
    i need help on how to get foreclosure list

  3. mrcon5 on August 29th, 2009 3:53 pm

    wow! what info …
    wow! what info about getting equity out of your house!
    did youtube disabled this account and say you could come back on april 21st?
    I got that notice and decided not to log on at all since it is my second strike
    -Paula Gloria

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