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Don’t Look Back and Other Tips for Life after Foreclosure

Guest post by: Bud Gragg

Article Overview: It doesn't matter why you're in the position of figuring out what your life is going to be like after foreclosure. Whether you're unemployed or in the midst of a financial crisis, or you found yourself unwilling to continue with an underwater mortgage, or you are in both positions, the fact is that you don't deserve to feel the guilt that your mortgage lender will try to heap onto you.

Don’t Look Back and Other Tips for Life after Foreclosure

It doesn't matter why you're in the position of figuring out what your life is going to be like after foreclosure. Whether you're unemployed or in the midst of a financial crisis, or you found yourself unwilling to continue with an underwater mortgage, or you are in both positions, the fact is that you don't deserve to feel the guilt that your mortgage lender will try to heap onto you.

Let alone the government and even some people in our society!

My wife, Kristin, and I are Realtors. Believe us; we know all the old “rules” about foreclosure. Foreclosure was for deadbeats. You should only even consider foreclosure after you've taken a third or fourth job, looked at selling your wife's jewelry, and started selling your own plasma.

Foreclosure meant you could never get credit or hold your heads high again.

Nonsense! Taking out a mortgage is a business—an investment—decision. A foreclosure is also just that—a business decision. If you can't afford your mortgage anymore, why should you treat that decision any differently than large corporations do?

Ah!—you didn't know that, did you? That the CEOs of large businesses just walk away from their own mortgages all the time? Well, they do—they just want you to think that you have to play by different rules than they do.

And why would anyone want to do that when those rules are stacked so heavily against us?

In addition to useless guilt, you may be feeling homesick and regretful after your foreclosure. This is understandable and it's human. But think about this—you carry your good memories of your old house with you. No bank can take those memories away from you, foreclosure or no foreclosure!

When Kristin and I went through our couple of foreclosures and many short sales—yes, plural—we could have chosen to be devastated. After all, we were high-flying Realtors! We weren't supposed to find ourselves in underwater mortgages while our businesses were drying up at the same time!

We were told by economic experts that our property values would just keep going up!

But that's what happens when we “Ass U Me” something, isn't it? We make an ass of ourselves. Well, Kristin and I are among the 25% of mortgage holders who Ass U Med that our housing values would keep going up just because the experts said so. And at first we believed in all of those old rules about foreclosure, too.

Let us tell you this, though, right now—remember that old Who song? Well, we won't be fooled again, either!

So here's our advice to you, as people who have been through this and know just what you're feeling: Don't look back. Don't get fooled again. You chose foreclosure in order to preserve your family's financial future, which means you did the right thing. Why would you choose to feel responsible to a bank, of all things, when your family actually needs you?

You can enjoy a good life after foreclosure. We know, because we're doing it. And we look forward to welcoming you into the community of happy, mortgage-free people who won't be fooled again—not by bankers, not by economic experts, and not by anyone else!

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Referred by: http://www.meetkarennewman.com/



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