TexasLending.com: Tips on Improving Your Credit Score



TexasLending.com emphasizes to clients that a person’s credit score is not a reflection on them personally. In light of the country’s recent economic woes, the team at TexasLending.com has seen an increase in low credit scores. This has led many individuals to ask how they can work to improve their credit scores. While the return to a good credit rating takes work, as TexasLending.com tells clients, it’s definitely doable by following a few simple steps.

Upon visiting a mortgage lender, explains TexasLending.com, one of the first things the loan officer will normally do is pull a credit report. This gives the loan office an idea for whether or not the interested homebuyer will qualify for a mortgage loan. Often when that credit report returns a negative response, many loan officers can only offer a few cursory tips, but TexasLending.com loan officers will try to help the client more comprehensively. If a client wishes, TexasLending.com can run a computer simulation model, which will not only determine what action can be taken to improve the client’s credit score, but also determine how much of a difference that action will make in the client’s qualification for a better interest rate.

One of the biggest challenges for TexasLending.com clients in cleaning up credit is paying bills on time without fail. TexasLending.com has a few suggestions for those individuals, including setting up payment reminders or having payments automatically deducted from a bank account. If organization is the challenge, these steps can make a big difference in cleaning up credit.

If a consumer has more money going out than coming in each month, TexasLending.com recommends setting a budget that cuts out as many extras as possible. As tough as it may be, consumers might also consider getting a second job or working overtime. Once a consumer is ready to begin reducing his or her debt, TexasLending.com recommends tackling the debt in the order of the highest interest rate, one bill at a time.

In the past, consumers were told to cancel as many credit cards as possible prior to seeking a home loan. That has changed in recent years, TexasLending.com states, as consumers who manage multiple credit cards responsibly are seen as less of a credit risk than someone who has no credit cards at all.

TexasLending.com also recommends that clients keep a small balance on each credit card. When a customer completely pays a card off, TexasLending.com has found that cards which are completely paid off can negatively impact a score. However, credit bureaus also appreciate a large gap between the total credit line and the balance, so low balances are best, adds TexasLending.com.

Because each credit bureau scores differently, TexasLending.com advises working with a loan officer to better understand what you can do to improve your score. The loan officers at TexasLending.com will look at your credit score to help you determine the best way to maximize your chances of getting your dream home.

For more information, visit Texas Lending online at www.texaslending.com.

4100 Alpha Rd.
Dallas, TX  75244
NMLS# 137773


Missed Fortune Discusses the Impact of Tax on Liquidity

Missed Fortune

Missed Fortune

The Missed Fortune series of workshops and educational materials on asset management focuses on the benefits of liquidity in financial management. Over 38 years in financial management, Missed Fortune ’s Doug Andrew has seen the profound impact taxes can have on an individual’s earning potential. For this reason, he has structured the Missed Fortune series to center on the importance of tax-free strategies.

According to Andrew, many individuals focus on taxed as withdrawn accounts, figuring by the time the tax is owed they will fall into a lower tax bracket. As Missed Fortune’s materials explain, most states have a state income tax. The average married couple filing a joint tax return in 2012 with a combined income of more than $70,700 paid not only 25% in federal tax, Missed Fortune’s Andrew says, but also in 41 states, as much as 10% in state tax.

In states with both state and federal income taxes, Missed Fortune points out that a taxpayer can pay 33% to 45% in taxes alone. This significantly decreases an individual’s earnings, Andrew says. The difference between the super-wealthy of the world and most other people is that those individuals understand compound interest in a tax-favored environment, says the Missed Fortune founder. They understand safe, positive leverage, which is the ability to own and control assets with very little of one’s own money at risk.

While Missed Fortune ’s Doug Andrew is seriously interested in accumulating cash in a tax-free environment that will earn a predictable rate of return of eight percent, he wants to do it under a tax-free umbrella. As Andrew explains in the Missed Fortune workshops, he not only accumulates his money completely tax free, but he also ensures when he someday withdraws that money, it will be tax-free as well.

Some individuals choose to try do this by postponing the taxes through a IRA or 401k, but the Missed Fortune founder points out that if he has a million-dollar nest egg, he’ll be paying as much as forty percent in taxes on it–which means he’ll only net $666,000. Taking this line of reasoning further, it means that money he had in that IRA or 401k not only isn’t completely his own money, but it never was in the first place. One-third of that money always belonged to Uncle Sam, Missed Fortune explains. And while Uncle Sam let you use that one-third on the front end, he always intended to charge you one-third on the back end.

Many retirees are now learning there is a problem with paying on the back end, the Missed Fortune founder points out. Those who paid into their retirement account years ago, with the plan to pay taxes at the end, are now finding that they aren’t in a lower tax bracket. Actually, says Missed Fortune ’s Andrew, most of them are finding they’re in a higher tax bracket than they’ve ever been–with even with less income. According to the Missed Fortune workshop, this is because retirees usually lack the deductions they had when they were younger and working—home mortgage deductions, deductions for investments in IRAs and 401ks, and deductions for dependents, who are now grown.

Learn more by visiting Missed Fortune online at www.missedfortune.com

Texas Lending (TexasLending.com) Discusses Reverse Mortgages

Texas LendingTexas Lending (TexasLending.com) handles more than 3,000 loans each year, and these include a wide variety of mortgage loan issues. Working directly with clients to explain all of their options is important to Texas Lending CEO Kevin Miller. He founded TexasLending.com with the vision of providing personalized service to each customer. Today, Texas Lending speaks to A Gathering of Experts about a topic that is drawing quite a few questions from today’s baby boomer generation–reverse mortgages.

A Gathering of Experts: We hear quite a bit about reverse mortgages. What does Texas Lending tell its customers about this type of loan?

Texas Lending: As baby boomers consider their options, reverse mortgages are a great tool for many. Texas Lending helps counsel all of our clients toward the best option for their own personal needs.  For some clients, that best option is a reverse mortgage.

A Gathering of Experts: Explain the basics of a reverse mortgage.

Texas Lending: A reverse mortgage allows homeowners over the age of sixty-two to receive their equity, either in lump sum form or as a monthly payment, or a line of credit, or a combination of all these options. Texas Lending often recommends reverse mortgages as an option for older homeowners who are having trouble making their monthly payment and cannot refinance using traditional means.

A Gathering of Experts: When someone contacts Texas Lending about reverse mortgages, will they be connected with a government-approved counselor?

Texas Lending: Yes. Texas Lending provides our clients with an expansive list of HUD approved counselors and the client chooses the one best suited for their location, timing and budget.

A Gathering of Experts: Could this be an option for seniors who are in danger of foreclosure?

Texas Lending: Yes! Because of the current state of the real estate market, many seniors can no longer afford their house payment. The Reverse allows the senior to payoff the loan with which they are struggling.

It is important to note,  some struggling seniors don’t have the option of selling their home and moving somewhere cheaper because they are underwater on their mortgages—meaning they owe more than the appraised value of their home. Texas Lending has been able to help some clients payoff these underwater mortgages using the Reverse as the tool to do it.

A Gathering of Experts: So when someone is approved for a reverse mortgage with Texas Lending, they might end up with no house payment.

Texas Lending: Absolutely! They definitely end up with no requirement to make a house payment. They do, however, have to continue to pay their property taxes and homeowners insurance.

If a client wants to make payments on the Reverse, they certainly can. Some seniors want a traditional refinance and cannot qualify due to today’s more stringent credit standards. The Reverse credit criteria are simpler. The senior may find this loan suits their needs and they can choose to repay the loan just like a traditional loan. It is their decision entirely!

A Gathering of Experts: We’ve heard there are some drawbacks to the reverse mortgage.

Texas Lending: Drawbacks? No. However, a reverse mortgage may not be for  everyone. We will make certain that applicants understand all of the terms before they enter into this type of mortgage. After working with a Texas Lending Consultant, an applicant will have all of the information they need about their available options in order to make an informed decision.

For more information, visit Texas Lending online at www.texaslending.com

4100 Alpha Rd. Suite 400
Dallas, TX 75244
NMLS# 137773


FXDD and the Growth of Emerging Market Currencies



Developing economies, otherwise known as emerging markets, are quickly becoming drivers of worldwide growth, according to leading Forex broker, FXDD. But should retail traders invest in emerging markets? FXDD cites the International Monetary Fund estimates that emerging markets will expand two to three times quicker than developed nations like the United States and Europe, as a reason for retail investors to consider investing in emerging market economies. In addition to growth, according to FXDD, emerging markets also present investors with a way to diversify their portfolios because they tend to perform differently than developed markets.

FXDD notes that the world’s largest economies such as the United States, United Kingdom, Canada and Europe tend to dominate the foreign exchange trading landscape. However, according to FXDD, interest in emerging market currencies such as the Chinese Yuan, Brazilian Real, Indian Rupee, and Russian Ruble has grown significantly in recent years. FXDD is a leader among online Forex brokers in offering emerging currency pairs to retail investors by offering more than ten emerging market pairs to FXDD retail traders. Retail traders know that FXDD offers access to emerging market currencies previously only available to large institutional traders. FXDD is among the first brokers to give retail traders first access to these fast-growing markets as they become influential players in the global economy.

FXDD defines an emerging market as a country with low to middle per capita income, but with social and business activity in a stage of rapid expansion and industrialization. FXDD notes that emerging market economies make up 80 percent of the world’s population and approximately 20 percent of the global economy. Emerging markets are often categorized as being in transition because their economies are frequently going through a process of evolving from a closed market economy to an open market economy, while building trust from lenders and trading partners around the world.  Because emerging markets are often in transition, and thus not as stable as larger currencies, FXDD believes that investing in these markets presents an opportunity for investors looking to add risk to their portfolio. Emerging markets are often considered by traders and investors seeking higher returns, notes FXDD, because these economies regularly experience greater economic growth as measured by GDP. However, as with any investment product, FXDD recognizes that the higher the return, the bigger the risk.

Even though emerging market currencies are often more volatile than the currencies of larger economies, FXDD believes the return can be worth the risk, as emerging markets have outperformed the benchmark rates over the years. According to FXDD, emerging market currencies offer opportunities not only for large institutions and hedge funds, but also to retail traders now that they can participate in these markets. Emerging market currencies provide opportunities for both the novice and experienced trader, says FXDD. However, FXDD cautions traders and investors to define their risk parameters before entering emerging markets.

Emerging market currencies do not trade much differently than larger currency pairs. FXDD notes that even though there are some fundamental differences between them, the basics of currency trading still apply to trading emerging market currency pairs. Just as with the Euro, Yen and Pound, emerging market currencies such as the Brazilian Real, still react to monetary policy and economic output as well as geopolitical factors. Because of this, currency traders can use the experience they’ve gained trading large currency pairs and apply this knowledge to trade emerging market currencies.

According to FXDD, one primary difference between major currencies and their emerging counterparts is the amount of liquidity available at different times in the trading day. As with major currency pairs, FXDD notes that there are blocks of times during the trading day when market conditions encourage more active participation, and thus, increased liquidity. According to FXDD, the lower the trading participation is around the world, the less liquidity that is available. Lower liquidity typically leads to increased volatility, notes FXDD, and can also increase the bid/ask spread. Because of this, FXDD cautions people that are trading emerging currencies within tight time spans, that it may not be as easy to enter or exit these trades at a defined price. FXDD advises traders to learn the most active trading times for each individual emerging market pair before beginning to trade.

While emerging market currencies are moderately unknown compared to larger currency pairs, they present a compelling opportunity for both novice and seasoned Forex traders alike, says FXDD. Because these emerging markets react similarly to the large currency pairs, FXDD believes traders can take the knowledge they have about trading larger currencies, and can apply this experience to trading emerging currency pairs. However, FXDD notes that there are differences between these two types of currencies that a trader should understand before trading a live account. In spite of the differences, FXDD believes that trading emerging market currencies is worthwhile and allows retail traders to diversify their exposure to higher-growth economies around the world, previously reserved for large banks and hedge funds.

OIC and the IRS | Tax Tiger Offers a Simple Comparison

Tax Tiger

Tax Tiger

An Offer in Compromise is similar to bankruptcy proceedings, says Tax Tiger.

According to Tax Tiger, over 1.5 million Americans file for personal bankruptcy each year. This number isn’t surprising given the current state of the economy, says Tax Tiger. However, far fewer eligible taxpayers file for debt forgiveness with the IRS, even when they know they cannot pay. Tax Tiger believes the numbers are in such stark contrast because of the fear most taxpayers have of dealing with the IRS.

The IRS, says Tax Tiger, has a program similar to bankruptcy that can keep the taxpayer out of court and thus out of trouble with Uncle Sam. This option is called an Offer in Compromise and takes into consideration many factors in common with a typical bankruptcy hearing, including ability to repay the debt and assets to liabilities ratio, says Tax Tiger.

There are three circumstances that allow a taxpayer to negotiate an OIC, reports Tax Tiger. The most common is the taxpayer’s ability to satisfy the debt, followed by the Effective Tax Administration (extenuating economic circumstances), and, very rarely, an incorrectly assessed tax. Once a taxpayer has made up his or her mind that they are ready to seek resolution with the IRS, Tax Tiger is there to step in and negotiate on their behalf.

If the IRS is willing to negotiate the debt, Tax Tiger will work with a taxpayer to determine which of three payment options is best for their current financial state. According to Tax Tiger, option one involves paying in full, in cash, in 90 days or less. Options two and three allow the taxpayer to divvy up payments over time. A Short-Term Deferred payment plan splits the negotiated amount up anywhere from greater than three months to two years. Tax Tiger points out that the final payment arrangement is longer in term, and lasts as long as the collection statute. Tax Tiger notes that the IRS will cease collection action against the taxpayer throughout the negotiation process.

Tax Tiger has extensive experience negotiating with the IRS on Offers in Compromise and numerous other tax resolution options. The team points to over a decade of successful cases in the company’s history by a staff of professionals who are held to the highest industry standards. For more information about Tax Tiger, please visit www.tax-tiger.com or follow them on Twitter @TaxTiger.

Steven Delarge Discusses Building a Successful Finance Team

Steven Delarge

Steven Delarge

When Steven Delarge found his division splitting off from the corporate parent, he was faced with the challenge of putting together his own finance team. Not being a financial guru, Steven Delarge wasn’t sure where to begin. But fortunately, Steven Delarge found that by calling on his contacts in the field, he was able to get a head start on a winning team. Today, he shares with A Gathering of Experts the things he learned during this turbulent time.

A Gathering of Experts: Thanks for joining us today, Steven Delarge. Tell us a little about what led you to form a standalone financial team.

Steven Delarge: My business was sold off by its parent company, leaving us as an independent business. It was almost like building my own small business.

A Gathering of Experts: How did you know where to begin?

Steven Delarge: We already had systems in place that we needed personnel to handle. Financial analysis, manufacturing finance, and cash management were all areas we needed covered.

A Gathering of Experts: Now that you were a standalone group, were you completely independent or did you have outside entities to answer to?

Steven Delarge: We still had external reporting needs, as does any business these days, so it was important to have an expert on board that understood those requirements and made sure we were meeting requirements.

A Gathering of Experts: Finding good financial experts can be a challenge. How did you track down the people you eventually hired?

Steven Delarge: We sought the help of our peers in the industry, including our external auditors. Who better to lead us to a good financial team that would be able to consistently meet reporting requirements than the team making sure we were meeting those requirements?

A Gathering of Experts: You also sought out the advice of others who had been through building standalone finance teams.

Steven Delarge: Yes. We sought out portfolio companies that had been tasked with starting over the way we were. These companies had great words of wisdom for us.

A Gathering of Experts: When did you know you’d succeeded in building a strong financial team?

Steven Delarge: Of course, we monitored the progress of the team. Within a year of starting our standalone team search, we experienced annual costs that were 20% below our initial estimate.

Steven Delarge began his career with GE in the 1980s. Through the years, Steven Delarge headed up several divisions of the company, as well as Momentive Performance Materials.  Steven Delarge is an Albany, New York resident, where he lives with his family.

Ian Woodman, Idaho Businessman, Finds Adventure in St. Lucia

Ian Woodman Idaho

Ian Woodman Idaho

Ian Woodman of Idaho has learned that sometimes the best adventures come from a disappointing experience. The lesson came when Ian Woodman, Idaho co-founder of Instant Tax Solutions, took an anniversary trip to St. Lucia with his wife.

The two planned to spend the entirety of their vacation at the Sandals Resort. Ian Woodman, Idaho resident, paid a set fee to the all-inclusive resort that would include all meals, lodging, and activities during his stay. When the couple arrived they sampled the offerings at two different Sandals resorts—the Sandals Grande St. Lucia and Sandals La Toc—but found that the best experiences lay outside the grounds of the resorts.

While the beauty of St. Lucia is unmatched no matter where you stay, Ian Woodman of Idaho discovered the food and activities at the Sandals resorts weren’t quite what he and his wife expected. The couple was drawn to the island’s other offerings. During the trip, the Woodmans learned that an all-inclusive resort could be a waste in a location with so many other offerings.

One of the most memorable experiences was a zip line that took the couple through the rainforest, Ian Woodman, Idaho resident, recalls. While coasting through the air on a pulley, the Woodmans were able to get a bird’s-eye view of the St. Lucia rainforest. Woodman acknowledges zip lines aren’t for everyone. For those who aren’t as adventurous or are traveling with small children, Ian Woodman of Idaho recommends taking the aerial tram, which gives travelers a very similar experience.

Ian Woodman, an Idaho tax resolution business owner, took his wife to the straw market in St. Lucia, where they sampled local cuisine. They also journeyed to Rodney Bay, where a new mall was being built. They took in the shops, restaurants, and beautiful historic marina at Treasure Bay Casino, which Ian Woodman, Idaho businessman, found was much more than a traditional casino.

Ian Woodman, Idaho co-founder of Instant Tax Solutions, is a Los Angeles native who relocated to Post Falls, Idaho in 1996 after the birth of his first child. Developed with his business partner, Byron Pedersen, Ian Woodman ’s Idaho-based Instant Tax Solutions began as a two-person operation and grew to what it is today. Instant Tax Solutions serves thousands of customers with a staff of more than twenty-five tax professionals, Ian Woodman. Idaho residents have come to rely on Instant Tax Solutions, where Ian Woodman of Idaho is responsible for human resources and accounting.

Byron Pederson Discusses Tax Resolution and the Need for Change in the Industry

Byron Pederson

Byron Pederson

Instant Tax Solutions co-founder Byron Pederson tells A Gathering of Experts readers that recent bad publicity has marred the image of the tax relief industry.

A Gathering of Experts: Welcome, Byron Pederson. Thank you for joining us today.

Byron Pederson: My pleasure.

A Gathering of Experts: As one of the leading tax resolution agencies, could you explain to our readers what the Telemarketing Sales Rule is about?

Byron Pederson: Basically it was a law that the FTC (Federal Trade Commission) was trying to pass that would prohibit tax resolution agencies like Instant Tax Solutions from collecting any form of payment until all of the work had been complete.

A Gathering of Experts: Since the FTC has delayed this bill, does that mean that it is dead?

Byron Pederson: No, of course not. The FTC has simply made a ruling for the time-being. They have the authority to change their minds later.

A Gathering of Experts: Can you Explain California Senate Bill 708?

Byron Pederson: It was very similar to the Telemarketing Sales Rule, except that it was specific to California.

A Gathering of Experts: How has the release of Tax Masters bankruptcy records affected the tax debt resolution industry?

Byron Pederson: Not good, that is for sure. Like any industry, one bad seed can cause black marks for us all.

A Gathering of Experts: What can a firm in your industry do to soften the blow?

Byron Pederson: We have to confront it head on. Those of us that have nothing to hide must face the media scrutiny.

A Gathering of Experts: So you admit there are problems in the industry?

Byron Pederson: Of course. As with any type of service, there will be those looking to make a quick buck. Unfortunately, one of the biggest issues with consumers, as well as the FTC, is that many firms charge a high up front fee.

A Gathering of Experts: But really, since the client is the one who benefits once the leg work is done, doesn’t it make sense to charge something up front?

Byron Pederson: Yes, it does, to protect the individuals that put forth extensive efforts to help the consumer.

A Gathering of Experts: What do you see as the best way to make sure that all parties are treated fairly?

Byron Pederson: A big part of Instant Tax Solutions is consumer education; I think across the board this is a way to eliminate a great deal of deceptive practices.

A Gathering of Experts: Do you think that the IRS should involve itself in matters such as these?

Byron Pederson: Yes, they should have a little more visibility when it comes to resolving issues of fraudulent tax resolution agencies.

A Gathering of Experts: You have been outspoken about how you believe there should be more regulation in the industry. Who should be demanding the change?

Byron Pederson: Both the public as well as the “good” tax agencies. I also believe the governing bodies of the industry should take a larger role in oversight.

A Gathering of Experts: Well, Byron Pederson, thank you for your time and input today. May we speak with you again sometime?

Byron Pederson: Yes of course.

A Gathering of Experts: Before we go, for our reader’s benefit, can you tell us what you do and who you are?

Byron Pederson: I am the cofounder of Instant Tax Solutions. We are an expert tax resolution agency that specializes in helping consumers regain control of their lives financially.

For more information on Post Falls, Idaho’s Instant Tax Solutions please call them directly at 888.387.4071 or visit them on the web at www.Instanttaxsolutions.com

Kummetz Corporation Forges Social Initiatives in South America and Africa

Kummetz Corporation

Kummetz Corporation

According to Kummetz Corporation, poverty plagues both South America and Africa, with many residents feeling as though they have no hope for food, shelter, or basic necessities. Kummetz Corporation, a Nevada-licensed company who invests in projects worldwide, is seeking to change that.

With help from local partners in affected areas, Kummetz Corporation is focusing efforts towards providing for basic needs in South America and Africa. By helping nurture the educational and agricultural systems of these areas, Kummetz Corporation is working to help residents get the basics they need to make a living.

With many countries dealing with shortages in schools and education centers, children are unable to get the basics they need to join the workforce. Part of Kummetz Corporation’s work in these areas will include helping to build schools and other education-oriented facilities, which will help create better educated workers to help build both areas’ infrastructures.

But education is only one of many basic needs Kummetz Corporation will be helping with over the coming months and years. With some citizens of South America and Africa still struggling with an inability to easily access water, Kummetz Corporation joins the fight to help bring water to areas throughout both continents.

In addition to helping with water, Kummetz Corporation will be helping with agriculture in Africa and South America. By supporting agriculture, Kummetz Corporation can not only help provide food to areas of Africa and South America, but eventually export indigenous products to other areas, bringing in revenue to help promote local economic growth.

Unfortunately, many areas in Africa and South America are still without access to good medical care. Kummetz Corporation will work with local businesses and governments to develop hospitals. As with the Company’s other developments in East Africa, Kummetz Corporation will provide inexpensive, quality construction using environmentally friendly products.

By building infrastructure in Africa and South America using more efficient technology and innovative ideas, Kummetz Corporation hopes to strengthen the economies on these continents, bringing economic strength and independence to these areas. Kummetz Corporation also believes by helping to create a strong educational system in these countries, a well-educated labor base will be available to help carry these countries into the future.

Personal Finance Expert Joe Aldeguer Says Foreclosure and Bankruptcy Not a Lifelong Situation

Joe Aldeguer

Joe Aldeguer

According to Joe Aldeguer, it’s no secret that the housing market collapse in 2008 has affected hundreds of thousands of homeowners across the United States. Many homeowners are facing foreclosure and feel as though their lives are in a perpetual state of limbo. It can be very intimidating to face foreclosure, as homeowners know that their credit scores are negatively affected and credit availability may become a thing of the past, reports Joe Aldeguer.

While many homeowners will have limited housing options after foreclosure, Joe Aldeguer notes that there is hope for all, if you have a plan. He maintains that it is possible to reestablish credit to the point of being able to buy a new house, save money, and pay off other debt–all while living in the current home. According to Joe Aldeguer, he has seen many homeowners in the foreclosure process take up to four years or longer – roughly the same amount of time it takes to begin the credit rebuilding process under certain circumstances. You should call an attorney for advice. Joe Aldeguer notes that each case is different.

According to Joe Aldeguer, a chapter 7 bankruptcy filing is a viable option for some homeowners facing foreclosure. By ensuring a formal change of title, many homeowners can simply walk away knowing that they may qualify for an FHA loan in as little as three years. To qualify for an FHA loan, an individual has to meet the financial requirements of job history and reestablished credit requirements, says Aldeguer. During this time, adds Joe Aldeguer, the homeowner can choose to stop paying the monthly mortgage, as well as the property tax bill. Joe Aldeguer says that this is the perfect time to open up a savings account, pay down other debt, or get into a financial position to put a down payment on a new home. Often, the bank will press the homeowner to vacate the home immediately. At this point, Joe Aldeguer recommends consulting with an experienced bankruptcy and foreclosure attorney for advice as they can possibly prolong your stay and length of time in the home.

By having a plan in place, and strategically allowing the property to go into foreclosure while filing bankruptcy proceedings, a family can take the time to wipe their financial slate clean and actually start saving money, points out Joe Aldeguer. There is a huge relief for families and home-owners that there are options that they never would have thought of. There is no shame in admitting that once a home has been devalued to a certain point, it becomes an absolute financial liability and not the asset it once was, notes Joe Aldeguer. Unfortunately, many people fear a marred credit report so much they would let their families suffer. It doesn’t have to be that way. Joe Aldeguer insists that weathering a personal financial storm over the course of a few years is far more sensible than fighting for a home that may have lost as much as half its original value.

Between Joe Aldeguer’s strong financial background and his ownership of one of the largest lending mortgage companies, Aldeguer and the attorneys he works with have developed a practical strategy that makes financial sense in making the transition of making lemonade out of lemons.