Another one of my Business Practice suggestions to our government, that I’ll reveal now, would be to abolish the entire Credit Rating System yesterday. Why? The reason is the entire system was irresponsibly, immorally, unethically, and illegally created to begin with in order to deliberately drive the majority of Americans and their businesses into a sub-prime credit rating status. Accomplishing this has enabled the creditors and lenders of the world to charge consumers and businesses much higher interest rates than consumers and businesses with prime credit ratings.

Implementing and orchestrating this financial fiasco, has absolutely resulted in creditors and lenders being legally permitted, which in itself I find unbelievable, to reap excessive, totally unfair, and obscene profits. This fiasco has and will continue to result in millions of Americans and their businesses: 1) being in debt for potentially the rest of their lives, and 2) unable to increase their existing purchasing power, which  if possible, could significantly help to stimulate the U. S. real estate market and overall economy in a positive direction. Are you sensing that I might have a slight problem with the current Credit Rating System, the creditors and lenders who created it and our government who has permitted it? 

The truth of the matter is, the U. S. creditors and lenders of the world, our government as well as all Americans and their businesses are now paying a very severe financial and psychological price for allowing the Credit Rating System Vessel to be built and permitted to sail in the first place. The reason is because this vessel has significantly contributed to the development and continuation of the many, very serious, and monumental Financial Problems that the U. S. real estate market and overall economy are now facing. Remember these Financial Problems, many of which I’ll be listing in Section #2 of this book, collectively represent the current Financial Crisis that the United States is now facing. This vessel, which was designed to take creditors and lenders to the Financial Promised Land where zillions of dollars in profits supposedly awaited them, has now hit an enormous Iceberg. This iceberg, which by the way is the 3 Words that I have been referring to, is not only going to prevent the vessel from reaching the Financial Promised Land but it’s also going to sink it as well. Simply stated the very vessel U. S. creditors and lenders created to make themselves zillions of dollars is now the same vessel that will lose them zillions of dollars. The reason is the Credit Rating System is not only causing massive payment delinquencies in all consumer debt level categories to continue to increase but it’s also preventing the majority of Americans and their businesses from being able to borrow and spend money again. In order to get the U. S. real estate market and overall economy back on positive tracks it is absolutely critical for the majority of Americans and their businesses to be able to borrow and send money again.

One Of Life’s Lessons
 
Here is one of Life’s Lessons I would like to share with you. Not only can U. S. creditors and lenders learn from it, but we can all learn from it as well.
 
Whenever Greed Is Put Into Any Formula It Will Self Destruct At Some Point In Time.

That point in time came for the U. S. creditors and lenders when the 3 Words, which I am going to introduce at the beginning of Section #2 of this book, were born in late2004 and early 2005.

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Respectfully,
Phil Mitsch

Financial Crisis, Real Estate, And Mortgage Trainer
Cherry Hill, New Jersey
856-665-6569
mitschseminars@comcast.net

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As we enter the year 2008 there are numerous benefits to mandating the implementation of real estate Lender Workouts and Lender Short Sales. Several of them are as follows:

1.   Lending industry losses would be substantially reduced

2.   Mortgage insurance industry losses would be substantially reduced

3.   Requests for and amounts of government bailouts would be substantially reduced

4.   Personal and corporate bankruptcies would be substantially reduced

5.   Pre-foreclosures would be substantially reduced

6.   Foreclosures would be substantially reduced

7.   Supply of real estate for sale and rent would be substantially reduced

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Respectfully,
Phil Mitsch

Financial Crisis, Real Estate, And Mortgage Trainer
Cherry Hill, New Jersey
856-665-6569
mitschseminars@comcast.net

• 0 Comments

As we enter the year 2008, American property owners should now also be legally permitted to approach their current lenders and have their mortgage principle balances reduced when they are able to document that they are experiencing legitimate financial hardships and that they owe more on their properties than what they are actually worth. This concept is known as a lender short sale and it would enable owners of real estate to sell their properties and avoid pre-foreclosure and foreclosure processes. In my opinion mandated lender short sales should not affect a home owner’s Credit or FICO score in any negative manner, shape, or form nor would they result in any tax liability to Uncle Sam. I’ll explain exactly why in Section #2 of this book.

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Respectfully,
Phil Mitsch

Financial Crisis, Real Estate, And Mortgage Trainer
Cherry Hill, New Jersey
856-665-6569
mitschseminars@comcast.net

• 0 Comments

As we enter the year 2008, American property owners should now be legally permitted to approach their current lenders and have their monthly mortgage payments reduced to reasonable and affordable amounts when they are able to document that they are experiencing legitimate financial hardships. This concept is known as either a lender workout or a lender modification and it would enable owners of real estate to keep their properties and avoid pre-foreclosure and foreclosure processes. In my opinion mandated lender workouts should not affect a home owner’s Credit or FICO score in any negative manner, shape, or form. I’ll explain exactly why in Section #2 of this book. 

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Respectfully,
Phil Mitsch

Financial Crisis, Real Estate, And Mortgage Trainer
Cherry Hill, New Jersey
856-665-6569
mitschseminars@comcast.net

• 0 Comments

Even though I will be revealing many of my suggestions to our government on how to solve the U. S. real estate market and overall Financial Crisis in Section #3 of this book I would like to reveal a couple of them now because they specifically deal with preventing the loss of Real Estate Ownership. Two of my Business Practice suggestions, that I feel should have been implemented about 10 years ago, would be to mandate the implementation of Lender Workouts and Lender Short Sales not only in real estate debt level categories but also in all consumer debt level categories as well.

Why Lender Workouts And Lender Short Sales Should Be Mandatory

Let me briefly explain why the implementation of these types of Business Practices in real estate debt level categories is now critically important. Because record breaking amounts of real estate pre-foreclosures and foreclosures have and continue to develop since the year 2004 the entire dynamics of the U. S. real estate market and overall economy have significantly and dramatically changed. As a result of this change traditional Business Practices pertaining to how real estate mortgage payment delinquencies are handled and collected must also significantly and dramatically change in order to prevent further and further deterioration of the U. S. real estate market and overall economy. This is exactly why real estate Lender Workouts and Lender Short Sales should now be legally mandatory as opposed to legally optional. By the way I’ll be explaining exactly what I mean when I say the entire dynamics of the real estate market and overall economy have changed in Section #2 of this book. Now let me briefly explain how the implementation of these types of Business Practices in real estate debt level categories should be handled.

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Respectfully,

Phil Mitsch

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There is absolutely no question about it. The existence and continuation of the strongest   Buyer’s Market of all time has significantly and negatively impacted the American Dream. Whoever would have imagined that after approximately 228 years that the American Dream of Real Estate Ownership would turn into the American Nightmare for millions of Americans as opposed to only a few ? By nightmare I mean experiencing the loss of Real Estate Ownership through massive amounts of financial and psychological hardship and the quite often very brutal and unforgiving legal process as well. The truth of the matter is that since the year 2004 millions of Americans and their businesses have and will continue to experience the American Nightmare as a result of both the start and continuation of the deterioration of the U. S. real estate market and overall economy. This deterioration has and will continue to result in millions of Americans and their businesses being unable to maintain their monthly mortgage payments as they experience more and more financial and psychological problems. This will then result in even more record breaking amounts of real estate payment delinquencies which in turn will result in even more record breaking amounts of pre-foreclosures and foreclosures. This horrific negative domino ripple effect will directly result in further and further deterioration of the U. S. real estate market and overall economy until it potentially leads the United States into its Second Great Depression. A Depression, as I’ve indicated, that will prove to be far worse than the first one because instead of devastating only about 25% of Americans and their businesses financially and psychologically it will have the capacity to potentially devastate up to 90% of them. This is exactly why the government of the United States, as we enter the year 2008, must now do everything within their power to create, adopt, and pass emergency and radical Financial Crisis legislation that will mandate the implementation of new, revolutionary, state of the art, and management to prevent crisis business practices and stimulants. I’m specifically referring to business practices and stimulants that will slow down, eventually stop, and then reverse this horrific negative domino ripple effect as quickly and successfully as humanly possible.

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Respectfully,

Phil Mitsch

• 0 Comments

When I say worst real estate market in U. S. history here’s what I mean. Since the year 2004 the United States has slipped into the strongest Buyer’s Market of all time. A Buyer’s Market traditionally favors home buyers. Why? Because the number of Sellers (supply) is greater than the number of Buyers (demand). As a result real estate values will decrease in this type of real estate market. However the United States has never seen a Buyer’s Market like the current one and believe me it will never see another one like it ever again. Here’s why.

Throughout the history of the United States an occasional Buyer’s Market, that results in real estate values decreasing, has been good. Why? The reason is because it helps stabilize and realistically equalize real estate values that have increased too quickly and for the wrong reasons. However the existence of the current and strongest Buyer’s Market of all time, which has developed since the year 2004, has not been good for the U. S. real estate market and overall economy. Why? Because this Buyer’s Market has resulted in the number of home sellers (supply) increasing to unbelievable, unprecedented, and record breaking amount levels. This market has also resulted in the number of home buyers (demand) decreasing (ratio wise) to unbelievable, unprecedented, and record breaking amount levels as well. As a result of skyrocketing supply and plummeting demand not only will it take potentially years to sell the inventory of real estate that is currently for sale but during this period of time real estate values will drop like lead balloons. What’s going to make matters even worse is that as more and more Americans and their businesses continue to experience financial and psychological problems, during the existence of this real estate market and overall economic Financial Crisis, the supply of real estate will continue to dramatically increase while the demand for real estate (ratio wise) will continue to dramatically decrease. This scenario is definitely not a good one for the United States to be in. Why? Because as America’s real estate values continue to decrease, so will the amount of America’s real estate equity continue to decrease as well. When you decrease and potentially eliminate real estate equity, which by the way is 1 of the 6 Fundamentals of the U. S. economy, from America’s economic growth formula it will result in significant deterioration of the U. S. real estate market. This then leads to significant deterioration of the overall economy as well. Why? Because whatever the direction the real estate market goes in the overall economy will follow due to the fact that the real estate market is one of the main vertebra that supports the U. S. economy’s backbone. Remember it’s this backbone that enables the U. S. economy to: 1) lay down, 2) get up, 3) sit down, 4) stand up, 5) walk, 6) jog, 7) run, and sprint. So as you can see the condition of the U. S. real estate market has and always will have a tremendous impact on the condition of the overall economy. By the way I will be going in great detail about how important the existence of real estate equity is to the growth and prosperity of the U. S. real estate market and overall economy in Section #2 of this book.  

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Respectfully,

Phil Mitsch

• 0 Comments

As we enter the year 2008 the only way at this point in time to conceptually avoid the coming of the Second Great Depression and get the U. S. real estate market and overall economy stabilized and gradually back on positive tracks is to see that new, revolutionary, state of the art, and management to prevent crisis Business Practices are created, adopted, and then implemented. Implemented by whom? Specifically by: 1) the government of the United States, 2) the lending industry, 3) the mortgage insurance industry, 4) the investment industry, 5) the legal industry, 6) the real estate industry, 7) home buyers, and home sellers. The Big Question however is: What specific types of Business Practices must be created, adopted, and implemented? The answers lie in Section #3 of this book.

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Respectfully,

Phil Mitsch

• 0 Comments

As we enter the year 2008 there are still millions and millions of Americans who refuse to acknowledge that the U. S. real estate market and overall economy are in very deep and very serious trouble. This is very tragic and very unfortunate because there is absolutely no way that the current Financial Crisis in the United States can be seriously and successfully dealt with until all Americans, their businesses, and our government: 1) acknowledge that it really exists, 2) understand the reasons why it developed in the first place, and 3) create, adopt, and implement the right types of Business Practices to eliminate it. I will be listing what the current U. S. real estate market and overall economic Financial Problems are and the reasons why they developed in Section #2 of this book. I will also be listing conceptual solutions to eliminating them in Section #3. 

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Respectfully,

Phil Mitsch

• 0 Comments

Believe it or not the birth of just 3 Words, in late 2004 and early 2005, sparked an enormous negative domino ripple effect sequence of events that led to the development and continuation of the many, very serious, and monumental Financial Problems that the U. S. real estate market and overall economy are now facing as we enter the year 2008. These Financial Problems, as I’ve indicated, collectively represent the U. S. Financial Crisis and it’s very hard to believe that only 3 Words sparked its creation. Individually the meaning to each one of these 3 Words is harmless. However when you combine them their meaning is so powerful and deadly that it can bring a nation, like the United States, to its’ knees both financially and psychologically in a very short period of time. In fact, the meaning to these 3 Words is so powerful and deadly that their very existence and continuation will absolutely result in the United States experiencing its Second Great Depression in the very near future unless they are eliminated from the English language very quickly. Now I’m not going to reveal to you what all of these 3 Words are at this time but I will give you a hint. The first one is Massive. 

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Respectfully,

Phil Mitsch

• 0 Comments