Torrance, CA (PRWEB) February 5, 2009
America's gloom and doom attitude is not only depressing, it's also dangerous and destructive, says distressed property consultant Mike Rockwood whose wife of 35 years is an administrator at Kaiser Permanente Los Angeles. Rockwood believes that now more than ever, people need to clench their fists tight and beat the system--not give up!
"Just 12 months ago," says Rockwood, "If a guy lost his job or couldn't make his mortgage payment, it wouldn't have seemed like the end of the world... but take a look at what's going on right now. This is madness, and worst of all, it's totally unfounded."
Rockwood is best-known for his timely, 60-Minute Loan Modification, workbook that helps families beat their banks and save their homes. Mike himself was facing foreclosure on his family's residence (he has four children) and all four rental properties he bought during the real estate boom of 2004-2007 that has now gone bust.
"I was looking at losing everything," says Rockwood. "But not for one minute did I think about giving up. Not for one second did I think that some Wall Street fat cat or some international hedge fund was going to dictate my family's financial future..."
To date, Rockwood has modified mortgages on all 5 of his properties locking in rates as low as 4.25% and saving a total of $493,000 in expenses over the life of his loans. Amazingly, he did all this on his own with no lawyers or foreclosure counselors to assist him. What looked like the worst thing to ever happen has turned into a blessing that could very well benefit his family for generations.
The government-backed bailout that started with Wall Street, according to Rockwood, has now come to Main Street. Five million Americans face foreclosure in 2009, so it's no surprise that banks are rolling over and throwing bailout money back to borrowers in an attempt to save their own hides.
An estimated 7,500 loan modification applications are received every day, so the process typically takes 3-6 weeks; but Rockwood claims that with his system, the physical application and follow-up correspondence can be completed in less than an hour. From there, homeowners cross their fingers, call their representative once per week, and await the sweet 4-5% interest rate deals that are being granted to thousands in need every day.
With loan modification scams and unscrupulous lawyers descending like vultures on underwater homeowners, Mike Rockwood has made it his personal mission to empower people to take control for themselves--to become proactive instead of reactive. It's going to be a busy year.