Molinda Goforth

Helping You Prosper!

New Story About A Little Life

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I love to write.  When I write this blog, it is though I am writing you a letter.

Actually, as I read through it from the beginning, it is like one big unfinished chapter.  How many of us start a chapter and never finish it.  We are finished and die and our story lies dormant.

This morning I have a dear friend in ICU, comatose, a friend found him not breathing.  Apparently he was without oxygen for more than 5 minutes.

I have thought about making decisions this year.  Couldn’t decide where to build a little house,  couldn’t decide where to work,  couldn’t decide who to be close to………..whew what a muddy picture.

So,  today I choose to stop listening to the narrator who has resided in my head.  That narrator is officially fired, replaced with a decision maker.

Now, let’s rewrite the story.

Join me,

Gypsy’s Home

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Maybe foreclosure, fire, death, marriage, life in general hasn’t dictated to you where is home.

Perhaps you are like me, alone, family scattered to the four corners of the world and you just don’t know where to plant the tree that will grow in your yard.

For the past 15 years I have enjoyed life for the most part, seen times when I thought I saw the bottom and now just want a place to call home and someone there to share it with me.

So, let’s take this journey together.  Remember, I can call forth experiences that may help you no matter what your situation may be.  Please comment, or share your  thoughts, frustrations and victories as we journey.

How To Solve The Home Problem

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Foreclosed?   Need to rent a house?  Want to Lease to Own?  Have Money?

Don’t have money?  These thoughts may become overwhelming.  The media supplies us with a vision of thousands of foreclosed homes that are on the market at a bargain.  Well, if your house was one of them how do you find home?  Perhaps you  just sold your home on a short sale.  Can you buy again?

Where will you live?  How many times do you have to move?

Any of these scenarios create circumstance for you to look for home.

Where is home?

Home – Point of No Return

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Once it is evident that you are going to your home is going to be taken by the lender as collateral for their investment, your only option is to move forward.

However, before that day, you can try to earn additional money to keep the payments within a safe range.  You could generate additional income by renting out a room in your home.

What do you know how to do that would be of a service to others?  Do it and charge money.

Work with your lender and get permission to list it for sale as a short sale.

Deed the house to the lender.

Want additional details for implementing one or more of the above?

Contact me!

Are You Pitiful or Powerful?

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After foreclosure you can choose to be pitiful, homeless a failure and depressed.

You may choose to be powerful,  pull up your bootstraps and cherish the possessions you left, find a cheap shelter.

Pride seems to move in here.  If you couldn’t pay the payment on the foreclosed home, look for one that you can pay for.  Rental units everywhere abound for less than $500.00   The average house payment is more than twice that amount.

Out the door with false pride.  Embrace reality.

Foreclosed Home? Where Do You Move?

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Although I am not in a position of foreclosure, I am staying with a friend, so this move idea may be shared from a personal situation.

Actually, I have a history of moving!  My lifestyle as a widow, a mother of  3 sons who reside  from East to West, and global friends  I have lots of experience with travel and moving!

For me this move is an adventure, fun and challenging.  For the foreclosed homeowner, it may generate a feeling of panic, failure and desperation. From a non emotional view, a move is a move and we need to view it as an adventure, fun and full of opportunity.

What are the opportunities after foreclosure?

Is There A Judgement Day after Foreclosure

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Your house has been foreclosed.  You have moved.  Now,  are you free of the debt?

The lender has taken possession of the house you thought you owned.  They will now sell it  If it does not bring enough to pay the debt you agreed to they may file a judgement against you for the remainder of the debt.

Once a judgement is placed it is recorded at the County Court House and becomes public record.  Any future sale of assets may be subject to be taken to satisfy this debt.  Judgements affect our ability to purchase.

Speaking of debt,  does the same structure apply to the debts our Country owes?

Stopping Foreclosure of Home

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Time is of the essence.  This statement means there is an urgency in making your house payment.  Read the fine print of your agreement with your lender.  Stop listening to friends who have a solution.

Our word is our bond.  In plain form this means that when you purchased your house,  words were written into an agreement and you heard and hopefully read them at the closing of your loan.

This becomes your road map for how your ownership will be handled.  Perhaps your neighbors map is different.  Follow your directions.

However, usually when a loan becomes 90 days delinquent foreclosure proceedings begin.  Foreclosure ends in eviction.

Once you are in arrears or see the delinquent statement on the wall of your mind, the solution is to generate  more money.

Want ideas for doing just that?  Email me and I will personally respond and help you generate ideas to implement and perhaps to avoid loosing your home.

Your House Payment Is Late!

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I have been there, felt that pain, wore that tee shirt.  Your house payment is late.

How does this picture go?  Within a day or two you will start getting calls from the lender.  Remember, you are the servant.

Actually though, if you haven’t made the payment within 30 days on the 31st day you become one over 30 on your credit report.  If you had made a partial payment as we noted last time you could make the other half and late fees and start over with the late process.

Continue on, making other bills other than the house payment and one month turns to two then you are in a critical stage because at 30 over 30 days late foreclosure becomes real.

From observation, I have notice the first thing on a troubled home owners mind is to borrow the path out of debt.  Once a house payment is documented as late, it is almost impossible to refinance.

What are some options to do during troubled times to avoid this train wreck?