The Most Important Point To Remember...
THEY DON'T TEACH ASSET PROTECTION IN LAW SCHOOL!
Please don't get me wrong, I have nothing against lawyers, but I must make you aware of some very important facts. If you are in or headed for foreclosure, KNOW; IT'S NOT A ISSUE OF LEGALITY; If you are late on your payments, THE LENDER HAS THE RIGHT TO CALL THE LOAN DUE! PERIOD! it's an open & shut case.
There's another point you should consider. Chapter 7, 11 & 13 are only stall tactics. Whether it's a Bank Foreclosure, lay-off at your job, medical or mechanical lien or judgment, delay tactics won't cut it. And even if it did; it would more than likely be short term. How many people do you know that went through foreclosure? If you know any, ask them what their experience was using a conventional lawyer.
You can't run from the situation, you have to meet it head on. If you notice, lawyers do the same thing for every person facing foreclosure. Just like a Doctor treats disease by killing it and not taking into account the other organs the medication is destroying; a lawyer advises bankrupcy & stalling tactics not taking into account a client's future credit.
There are many alternatives to those schoolboy text strategies. I won't go into detail as far as other remedies regarding forclosures and other financial dilemmas, but I will share with you a true experience of how we as a people are influenced to make totally irrational decisions based on somebody else's frame of referrence and what we THINK they know.
A friend of a past associate of mine had a lawsuit pending against him involving the Mother of little girl that had slipped on a curb in front of one of his properties and fractured her shoulder. Upon learning of this from my past associate, I advised him to tell his friend to put all of his properties into separate Land Trusts. He thought about it, but wanted to consult his lawyer first. His lawyer told him he couldn't do it. Needless to say, my past associate's friend believed his lawyer. But, whether his lawyer knows it or not; IT IS PERFECTLY LEGAL TO PUT YOUR PROPERTIES IN A LAND TRUST FOR ESTATE PLANNING PURPOSES!
And yes; the Mother won the lawsuit on her Daughter's behalf and seized 92% of all his assets. If he had taken my advice, he would have only jepordized the one property in question.
When my associate told me he had given him the advice and the lawyer told him he couldn't do it; mind you; not advised against it; he flat out told him, he COULDN'T do it; My associate, being careful not to rub it in, told me he asked him why he didn't take the advice; And his response was; "He's a Lawyer, if anybody should KNOW", (HE SHOULD!), WRONG! In other words, this man lost all but his whole empire based on a TITLE!
Again, please don't get me wrong, I have nothing against lawyers; But you have to consider, in cases of foreclosure, lawyers rarely win. Also, the bank has a lot more money to give a lawyer Up-Front than a person in foreclosure does.
When all is said and done, in the vast majority of cases, the owner loses the home and now theyv'e aquired another debt, this is not a sensible way to solve a foreclosure issue.
Having a lawyer does not exclude you from appointing my services, but I'll tell you right now, almost every thing I do is unconventional. Your lawyer will say it can't be done, and my reply will be;
"SHOW ME THE LAW THAT SAYS I CAN'T".
If there's no LAW that says you CAN'T do something.
YOU CAN DO IT!
I'm not going to waste a lot of time here, I know you get the picture.
And don't forget...
"If You Conform to Conventional Wisdom, The Collective Conscience
& Social Conditioning, "You’ll Have to Be Content With Mediocre Results."
THERE IS NO OTHER VARIABLE!
