The Truth about Loan Modifications, Short Sales and Foreclosures
A Practical Guide to Fixing your Real Estate Crisis
Topic: Real Estate, Your Mortgage, Investment and Financial Planning: Now Is The Time to be Proactive About Your Financial Security
Presenting speakers: Cristinha Furtado, Fred Solomon
Where: Mission Valley Hilton
901 Camino Del Real South
San Diego, CA 92108
When: Thursdy, March 5, 2009
Time: 6:30 pm to 9:30 pm
Cost: $29.95 (Includes Cristinha's Seven Steps to Rebuilding Financial Security After Your Real Estate Crisis and Fred Solomon's The Who, What, Where, When, Why & How Guide to Smart & Prosperous Home Buying / Investing e-book)
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At this workshop, you will learn:
- Who are you: What's your money personality type and what strategy works best. (Saver, Spender, Impulsive)
- What are your goals: Family, personal professional, and other. Prioritize them.
- Taking Financial Inventory: Assets, Liabilities, future roadblocks, needs or windfalls.
- Risk Assessment: Job Security, Health (including family), Insurance needs, Estate Planning
- Plan Development: Establishing a budget and cash flow management.
- Implementing the plan: discipline for undisciplined people
- Rebuilding Credit
Cristinha Furtado says: We are experiencing the worst financial crisis in the history of the United States since the Great Depression. Loan defaults, foreclosures and bankruptcies have reached record numbers. Unemployment has nearly doubled since 2005. In California it is 9.3% - the highest level since the recession during the early 80's. The SP500 has lost nearly 50% of its value from its peak back in October of 2007. It may take months and probably years for the various government bailout and stimulus packages to flow through Wall Street before we any benefit on Main Street. But it's not all doom and gloom. The US has a diverse economy and Americans are innovative and resilient. We will get through this, but it will take time for our economy to heal. You will get through it too, but now is the time to be proactive about your financial security.
If you are late or struggling with your mortgage payment, make an appointment today with a reputable company that specializes in doing loan modifications (like Fred Solomon’s team). Or if you are not late, see if you can take advantage of a lower interest rate. I recommend that you work with SFG because if you discover that you are not eligible for a refinance, then you can discuss how a loan modification might work instead. It's best to talk to a professional who has the ability to offer both options so that you make an educated decision.
Secondly, create a financial plan that works for you. Sadly, over 50% of loan modifications end up back in default because the family or individual did not have a "workable" financial plan going forward. As shocking as this may sound, it's really not when 70% of Americans do not have a budget, 97% of Americans will not be able to retire at 65 because they haven't saved enough. So if you have been fortunate enough to be given a second chance by your mortgage company with a loan modification – don’t blow it by not having a plan.
This is why I developed my workbook, "Seven Steps to Rebuilding Financial Security After Your Real Estate Crisis". This is a financial planning process that I specifically designed for someone who has gone through or is going through a loan modification, short sale or foreclosure. It's much different information than the standard text book financial planning advice you hear every day. Ask someone who is in foreclosure what it feels like when he wakes up in the morning not knowing how he is going to tell his family that they lost their home. He doesn't care about the difference between an IRA and a 401k. He needs some practical advice that will help him rebuild his family's financial security. The person who's struggling to make their monthly loan payments doesn't want to hear about the virtues of different mutual funds. He wants is to learn how to save his credit so that he will not be turned down for a job or promotion because of bad credit. Seven Steps to Rebuilding Financial Security After Your Real Estate Crisis is a workbook that provides steps that people can take to rebuild their financial security from the ground up.
As a special opportunity to you, not only will you get this workbook as part of the loan modification service when you work with SFG, I will personally meet with you and coach them how to best apply this information so that you will not end up as the 50% whose loan modification ends up in default. This kind of service is normally valued at $495.00 Free when you attend our workshop.
About Cristinha Furtado - Investment Advisor
Cristinha Furtado is a seasoned investment advisor with over 15 years of experience helping individuals and businesses develop comprehensive financial plans. Her licenses include Series 24- Registered Principal, Series 7 - General Securities and she is licensed to provide investment advice on a fee-only basis. Ms. Furtado specializes in financial planning and takes a unique approach when working with clients. "I never discuss investments or products until I spend a considerable amount of time uncovering what my clients' goals and aspirations are for both their personal and professional life. It's only until I truly understand my client that we can effectively work together to devise a sound strategy for achieving their goals.
Ms. Furtado provides securities and investment advisory services through GWN Securities a registered broker dealer and member FINRA, as well as a wide variety of insurance products through Furtado Financial Services. As an independent financial advisor she is not limited to using a single company's proprietary products. She believes that the best way to help clients build a solid financial foundation is to have the knowledge, experience and flexibility to offer truly independent financial advice.