Joaquin Benitez is the author of The Foreclosure Phenomenon. He immigrated to North America from El Salvador at age 16 in the early eighties. He has spent most of his life in the province of Alberta, Canada, where he currently lives with his family. He holds a diploma in Civil Engineering.
During his first 15 years in North America, Benitez had to overcome the many challenges that every immigrant experiences. These included learning a new language, overcoming culture barriers and a lack of formal education, all while raising his three young daughters. It was also during this time that he experienced great financial stress -- including the loss of his house in a foreclosure -- and learned many lessons which is he willing to share.
After the financial crisis of 2009, we have been enjoying the benefit of low interest rates. It has been such a long time since we had an interest rate increase, that we have forgotten what is like to...
Regardless of how you feel at the moment, losing your house in a foreclosure is not the end of the world; life will go on even if it must come to that. You and your family will not cease to exist because of it. Are you going to keep hiding or are you going to start seeking? If your answer is to start seeking then I may be able to help you.
If you find yourself in a foreclosure situation, emotions will overtake you, so it's critical that you deal with them in order to keep a clear head and survive the trauma. You are well able to defend your home from foreclosure, but first you must take control of your emotions. And you will survive!
As the old saying goes, "the best way to make money is to stop losing money." Having the knowledge of how lending institutions operate is empowering. What is the secret that the bank does not want you to know? The bank does not want to take away your home!
Your worst nightmare has come true: the bank has threatened to take away your home. Now what? First of all, you must keep cool, stay calm and avoid panicking. Secondly, realize that you can't afford to sit and do nothing. The bank can and will take away your home if you do not take some sort of action.