Don't Loose Your Home To A Foreclosure Scam.

By Doc Schmyz

Home foreclosure is a common problem that people face today. More often than not it starts from one missed payment which the spirals out of control. Before you know it you have missed three or four payments and the mortgage lender or bank wants you to pay everything you owe all at once. When the homeowners realize that they have made a grave mistake they resort to anything they can to get out of a tight situation.

This is when the swindlers and crooks find their way into your mailbox or give you a call. Foreclosure scams are as common as the problem itself. Since homeowners believe that they have no choice they fall for these traps and make their situation much worse than it was before. It is not uncommon for these scams to lead to even greater financial problems then the homeowner faced in the first place. In many cases the homeowner ends up becoming a identity theft case as well.

Scam operators also advertise online, publish advertisements in the local newspaper, distribute flyers, and call homes which are included on the foreclosure list. They call themselves mortgage consultants who offer foreclosure services or advertise with "We buy houses" slogans.

Common scams:

Bankruptcy Foreclosure Scam

This scam operates by promising the homeowner that their house will be saved. In return they will either ask for the homeowner to pay their mortgage directly to them, hand over their deed and pay rent, or obtain refinancing. Of course these crooks never do anything for you...they contact NO ONE on your behalf. They keep all the money and file bankruptcy without your knowledge. Eventually they just skip town on you. Your problem has not gone away, nor has anyone put you a step closer to saving your home.

Since the homeowner is not aware that bankruptcy has been filed, they fail to participate in the case. The case is dismissed and the house continues onto foreclosure. Apart from loosing money and your home, you will also have a bankruptcy on your record.

Equity skimming

The scam artist poses as a buyer. They then promise the homeowner to pay the mortgage or given them a sum of money once the property has been sold. The operator then convinces the homeowner to sign over the deed and move out. The homeowner can stay but they have to pay rent. If they opt to move out the operator lets a third party rent the property. The operator does not pay the mortgage and lets the mortgage lender foreclose. and of course they skip town and are never seen/heard from again.

If the house has equity, the operator sells the property and pays off the debt. Then the operator keeps the equity that the homeowner could have had if they sold it. In few cases, the scam operator actually finds a buyer or sells the house. Normally they just set up a p.o.box with a forwarding address for the "rent check". - 23196

About the Author:

Doc Schmyz has invested all over the US and Mexico. His free website shares Real estate investing information for all over the US. Find real estate information by state

Why Use A Property Management Company

By Layla Vanderbilt

A common way to make money is by investing in rental property. When the property is an apartment building with multiple units, a decision has to be made. Do you care for the property yourself or hire a management company?

When deciding our goals for the apartment building, first you should decide on if you want to be an investor or a landlord. Each role, either landlord or investor, has their own set of requirements. If you want to be an investor, you will need time securing investment properties and selling them. If you want to be a landlord, your time will be spent handling the everyday tasks required to manage the apartment building. This will include advertising, application processing and also maintaining the apartment building, to include fixing repair items.

Very few wealthy people spend their time doing the day-to-day operation of their businesses. They spend their time looking for new deals and properties, and hire a good manager or firm to run the property. This frees them to do what they real want ? make more money.

When you first start out in property investments, you are tempted to try and be the landlord and an investor at the same time. If you are able to do both successfully, you will save money by not hiring a property manager and have more cash flow for your investments.

However if that is the ONLY way you can make money, you may need to re-examine the value of the property and the way it is financed. If the income from the rental property is unable covering the cost of its management, then it is a poorly structured investment.

Property management services will remove most of the obstacles such as dealing with tenants who are late with their rent, negotiating for cleaning and maintenance deals and any other problem that may arise. Since they have been running this kind of business for long they are best equipped to handle such situations. If you are managing the property yourself, you have to learn first.

It takes knowledge and connections to be able to negotiate cleaning services, repairs, and other services that your property will need. A good management company already has the expertise and connections to perform such services, often at a lower cost.

Having someone to manage the property also means that there is someone available on a moments notice to prep vacant apartment, handle the carpet cleaning, painting, and housekeeping to get the property ready for showing sooner. The sooner you can re-rent the unit, the more income you make. Good property management can pay for itself in time and money savings. - 23196

About the Author:

Layla Vanderbilt is the webmaster for a leading property management solution review website which connects people with the leading property management tools.

Debt Consolidation As A Debt Relief Method

By Layla Vanderbilt

Once you fail to pay back the borrowed money, you will face a lot of problems as a debtor from the hands of creditors. Debt Consolidation program comes to your help at this juncture. First and foremost a debt program starts with evaluating your financial situation in order to render you a suitable help. This involves an in depth analysis of your financial standing. As the result of this you will be able to decide whether it is better to file for bankruptcy or go for a debt consolidation program. A debt consolidation analysis will highlight the potential savings of the debtor and enable the debtor to strengthen savings.

If your decision is that of Debt Consolidation, you will find that the next part of the process is a transaction between yourself and the consolidation company. One of their professional staff is the intermediary between the client and the creditor. They come to an agreement about rates and monthly payments at a cost you can afford.

The interest rates can be reduced or eliminated completely. Sometimes with good negotiation skills from the debt consolidator the creditor can even reduce some of the principle amount.

Debt Consolidation is a help to the debtor by stopping legal motions for collection of debts. No longer can wages be garnished or the debtor be taken into court. The debtors credit rating is being repaired since they are faithfully making regular payments.

Added to the above benefits the debtor will no longer get any embarrassing phone calls from his creditors. The debtor will not receive any bills from the creditors nor pay the creditors directly. On the contrary, the debt consolidation company will directly take control over the creditors. The debtor as per the new agreement with the debt consolidation company will pay a single amount to the consolidation company for every month. This arrangement does not allow any transaction between the debtor and creditor.

Due to this system the enjoyments of the debtor are great, because the fees are paid by the creditors as the creditors would get something in return than loose all money the debtor owes them. Use of a debt service company or consolidator is indeed a great solution for debt reduction. This program works for those with good or bad credit. It does not mean that you should do things at random and stand for the mercy of debt consolidation companies. Let us do things properly and systematically and be careful to avoid pitfalls. - 23196

About the Author:

Layla Vanderbilt is the content coordinator for a leading website that offers for instant bad debt consolidation advice and guidance.

Forex Signals and Alerts

By Bart Icles

Forex signals are among the most important aspects of forex trading that traders need to understand. Being able to understand trends and read forex signals will enable traders to make more reasonable decisions. In doing so, more profits can be made and less damage can be incurred. These signals are typically based from actual proven techniques which are associated with the technical analysis of several macroeconomic indicators. Oftentimes, signals are sent to subscribers through email ? although there are several other ways by which trading signals are released or published. These other ways include traditional newsletters and forex trading signals.

More often than not, it does not really matter if you choose to receive forex alerts in a method that is far different from the others. What is important is you are able to process and use these signals or alerts so you can make more sound trading decisions.

But before you can receive alerts in your email or on your mobile, you will first need to subscribe to a forex trading signal service. Usually, forex trading signal service companies offer various methods for sending alerts. One way is through email. Signals can be sent to your email several times a day that in some cases, traders would mistake them as spam or junk mail.

Another way of keeping you updated with the latest trends in the forex world is through your mobile phone. Yes, your mobile phone can easily become a powerful forex alert tool these days. Most forex signals and alerts sent to mobile phones contain real time information on the actual currency pair you are looking out for. This means you can have the most up to date idea on how your selected currency pair is performing in the market.

The bottom line is that forex signals are generated as soon as a technical analysis has been done. In the same manner, forex alerts have come into place so that currency traders will not miss out on the latest trends in the forex world. Forex alerts serve as early warning devices so that forex trading brokers and traders can almost instantly read the clues and decide whether or not to enter or exit the market. In this manner, more profits can be generated and the losses that can be incurred can be kept at a minimum. While the foreign exchange or currency market remains unpredictable, forex alerts are there to keep us informed of important things right when they arise. - 23196

About the Author:

Forex Trading starts with a desire to learn and a drive to become a great trader. A Forex Strategy takes dedication and a good teacher. But once you learn how to trade and do so successfully your life will change and you have options and financial resources you never had before.

Understand Forex Leverage

By Ahmad Hassam

Forex leverage is something that you need to be very clear from the very start. One of the features of forex markets that differentiate it from other financial markets is the astronomical level of leverage that is commonplace in the forex world. Whats so special about Forex Leverage?

Some Forex brokers can offer up to 400:1 leverage on the average retail trading account. The usual level of leverage is 100:1. The implications of this are mind boggling. This means that $1 in a traders forex account can control up to $400 in a currency trade. No other financial market offers even close to this level of leverage.

Leverage is type of financial magnification by definition. Forex leverage can both be a very positive feature as well as a very negative one. Forex leverage is a double edged sword. It is true that high leverage magnifies profits. However, it also magnifies losses equally.

Often, this high level of leverage summarily wipes out otherwise healthy trading accounts. Used with a great deal of caution, however, high leverage of the magnitude found in forex trading can offer tremendous possibilities to the upside as well as the downside.

Common leverage ratios offered by forex brokers range from 50:1 on the low side all the way up to 400:1 on the high side. The sheer magnitude of this leverage, even on the lows side, far eclipses, the amount of leverage available in other financial markets.

Suppose that 400:1 leverage is utilized. In practical terms, what this means to you as a forex trader is that a standard lot of $100,000 for example can be traded in EUR/USD currency pair with only $250 in trading account margin.

In other words, for every $1, you as a forex trader are in fact controlling a whopping $400. In this particular example, $250 in your forex trading account can control a trade of $100,000 using 400:1 leverage.

Can you handle this much leverage while trading? The fact that a small amount of money can control a large amount of money in forex trading can certainly serve to magnify potential profits. The amount of risk involved in using this high level of leverage is also equally magnified, this is the flip side of the coin.

Therefore, it is advisable to use caution when trading with the substantial leverage common in forex trading. High leverage trading is aggressive trading that is both characterized by high risk and high reward potential.

Why too much leverage is dangerous? When the market moves in your favor, even a small movement in the market can be magnified many times by using leverage making large profits for you. But the dark side of using too much leverage is that when the market moves even a small amount against your position, your whole trading account can get wiped out.

You need to know the safe level of leverage you can use in your trading. In the beginning, dont use more than 5:1 leverage in your trading. You can increase that level to 10:1 or 20:1 with experience, but this much leverage would be sufficient for you. Once you really start trading like a professional trader than you can use 100:1 ratio to trade a standard lot. - 23196

About the Author:

Mr. Ahmad Hassam is a Harvard University Graduate. He is interested in day trading stocks and currencies. Try 1500 Pips a day Forex Signals. Discover a revolutionary Forex Robot Trading System!