This is the second post in the series regarding the five steps to debt elimination. In the previous post I discussed how to cut expenses to minimize your outgo of money each month. Today we’re going to focus on the income side of things. Let’s talk about how to bring the income up as high …
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You want to be debt free, right? Excellent! This post is all about the first of the five steps I teach about how to eliminate debt. Before we get into the details of this step, I’ll go ahead and give you the five steps, in order. They are: Cut Expenses Maximize Income Get Current on …
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Overview Though the name may sound fancy, a Deed in Lieu of Foreclosure is simply where a borrower gives the property back to the lender (voluntarily) instead of having the lender foreclose on the property. Of course, everyone who is having trouble paying the mortgage isn’t eligible for a Deed in Lieu of Foreclosure – …
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What is a Short Sale? In simplest terms, a short sale is when you sell your home for less than is owed on it. As you may imagine, this process must be approved by the lender and usually comes with lots of strings attached. Nonetheless, as an alternative to foreclosure or bankruptcy, a short sale …
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What is a Foreclosure? A foreclosure is a legal process a mortgage lender can pursue in the event of non-payment to force the sale of a property (usually a home). Each state and even specific localities have drastically different laws and approaches to the foreclosure process, but there are generally two types of foreclosures: Judicial …
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Hi! I'm Barry. I'm glad you stopped by and hope you'll enjoy your visit. My goal is to provide practical, real-world solutions to positively impact you where it often matters most – your pocketbook! My approach looks beyond the simple math of personal finance to place the focus on the behavior that drives your financial choices. Follow along and I'll help you get out of debt, save for short- and long-term goals and set good priorities with your money.