New York, NY (PRWEB) January 3, 2006
Metropolitan Business Council (MBC), New York has just announced a free, 5 part, Mini-Course designed to help beleaguered home owners stop foreclosure.
This is not your run-of-the-mill foreclosure information. The course is written from a unique insider's perspective, full of proprietary insights.
The author, Bill Young, was a bank mortgage officer himself who decided the grass was greener on the other side of the desk and became a real estate investor in the 1980's.
A meteoric ride to the top allowed him to retire in 5 years. However, the housing bubble burst from the twin blows of the tax reform act of 1986 followed by the stock market melt-down in 1987. Bill lost many properties to foreclosure.
His reaction to that experience and his comeback have driven his desire to help others avoid the trauma of foreclosure he and his family endured. One of the results is this free, Mini-Course.
The timing of the release of this dynamic, life changing resource coincides with the announcement of the latest foreclosure figures by the National Foreclosure Associates, an industry trade group.
They show that home foreclosures and mortgage delinquencies running at near record rates with large increases in those numbers projected in the near future.
They believe that millions of home owners will be forced into foreclosure by the "Triple Whammy" of the sharp drop in housing appreciation, explosion of adjustable rate mortgage payments and wave after wave of job losses.
Families with low incomes and little or no savings who made up a large part of the first-time homeowners surge are especially vulnerable. Many were sold homes they couldn't afford by uninformed or unscrupulous brokers. They are among the first and hardest hit by the foreclosure avalanche.
"How to Stop Foreclosure" is a 5 part Mini-Course, part of MBC's upcoming Series, "How to Solve Your Money Problems."
Lessons are delivered right to the person's email inbox. It is designed to give the person facing foreclosure the education and resources needed to stop foreclosure and to save their homes, if that is their wish.
As stated, there are many marginal homeowners who really cannot afford to be in a home at this time. The course cautions there is a right way and a very wrong way to escape their burden.
"Sending the keys back to the bank," does not stop the foreclosure and can subject the homeowner to new and more serious problems, not only with their lender, but also with the IRS!
Topics included in the Mini-Course are:
· What is foreclosure? The basics
· The little known, hidden dangers of foreclosure that can haunt homeowners for years, even after the bank takes the property back.
· Links to the foreclosure laws of each state
· How homeowners can access government help in stopping foreclosure
· The most important thing to know when negotiating with your lender
· The reality of the role of bankruptcy in foreclosure
· Realistic foreclosure alternatives
· Why you must never “Send the keys back to the bank,” even if you owe more than the house is worth.
This course contains life-changing information needed by everyone who even thinks they, or someone they love could be faced with the foreclosure of their home.
Metropolitan Business Council is a New York based personal wealth consulting firm. They advise consumers on all aspects of debt, credit and wealth building issues.
You can receive a copy of the Mini-Course, “How to Stop Foreclosure,” here: http://301url.com/StopForeclosures
Media Contact: Dawn Winter
Metropolitan Business Council
New York, NY
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