subject: Facing Foreclosure? Consider Plan B. [print this page] All Americans have a constitutional right to "Life, Liberty, and the Pursuit of Happiness". In fact this should be the right of every human being on earth. No American can exercise these rights if their liberty is bound by debt slavery, a slavery to the banks.
Our lives are spent in the pursuit of financial freedom. How can this be freedom, when the masters of your debt slavery can so easily snatch away that freedom if the interest is not paid!
Foreclosure is not an easy thing to deal with. A few sad folks who are facing the inevitable trials and tribulations of foreclosure and eviction, rarely accept the reality of it, until the sheriff comes knocking at the door, on behalf of the banks, to take possession of their home.
However, the majority of the people who are foreclosed know well in advance, often many months prior to the day, that the "day of dread" is fast approaching. How many prepare for this and start to think outside of the box?
Plan A was to do the right thing, and pay and pay, until you cannot pay any longer, and in the end you still lose your home, and lose all the good money you threw into what has now become the "money pit".
"Good money" because, from the moment you knew it was going to happen you still threw your good money after all the "bad money" that you put into the home. However, you knew in your heart that it would be a waste, yet you kept hoping against hope that the foreclosure would not happened.
Once you are two or three payments behind on your home loan, the bank starts scheduling your home for foreclosure. Unless you're one of the lucky ones who experience a windfall, your fate is set. Facing this truth is the first step to starting over, and changing your fate for the future.
Plan A did not work out too well. And, of course, the bank still took your payments, and finally your home! So, change your fate for the future and try another plan.
Now, consider Plan B.
Here it is in a simple bullet point form.
Plan B.
Foreclosure is inevitable for you and your family.
You realize this months in advance.
You have an epiphany, and you decide to take control of your own destiny.
You stop paying any more of your "good money" to the banks.
You form an LLC, a Limited Liability Corporation.
This smart move will protect your assets, the new assets you will soon acquire.
You start saving your good money and put it under your LLC.
You learn how to invest in tax deeds.
You start to buy land for under $1000, or houses for under $5000, through tax deed sales.
You buy more!
You can now start all over again, this time, with assets!
Or, you sell them at a profit -- and find that you are now flush with cash!
Instead of throwing your hands up in despair, start implementing Plan B. It is your hard-earned money. Money you earned through your daily struggle, by the sweat of your brow, or the effort of your intellect. The money the banks loaned you was created out of thin air! It cost them nothing in effort, nothing but an artificial pen stroke in the artificial intelligence of a computer ledger.
The difference between your money and their money, is reflected in how much they value their fake money, as the banks will sell your debt to collection agencies for mere pennies on the dollar!
You, on the other hand, may lose everything! It's your asset, your "real" estate asset that they want. This asset they can sell for real money -- that is backed by real effort, not artificial effort.
If you still have a job, save all the payments you would ultimately throw into the money pit, and redirect and channel that cash into something that will benefit you, not the banks!
