The Hard Landing

It's much harder than you imagined - and IT WILL CONTINUE FOR YEARS.

• You will be forced to pay cash for almost everything for the forseeable future:
  There are consequences beyond surrendering your property and taking a needless financial loss.
  • If you don't have a place to live who will want to rent from you other than a landlord in the hood?
  • Think about where you will be doing your laundry and what the other people there may be washing where you will also put your own clothes.
  • Vendors will see your credit and wont let you "pay later" for ANYTHING.
  • You'll need additional deposits for services and future utilities wherever you end up living, many of which may have to be paid in cash and/or in person because you wont be extended the convenience of paying online.
  • A fresh start is not going to happen for at least 7 years, and statistically up to 12.
• New difficulties in finding a safe place to live:
  • When you finally do leave your property, how many landlords are going to want to lease to a tenant whose credit report shows they were unwilling to do what was necessary to avoid a "hard landing"?
  • What rent per month, and how much upfront deposits might that landlord want from a prospective tenant with that profile?
  • What kind of community and what location do you think you might find a landlord willing to rent to someone who has that kind of financial history, and who else might live in that building?
• You won't be able to open up new accounts and credit will be significantly restricted:
  • Banks, credit cards, and store cards will cancel or substantially reduce existing credit and won't extend new services or credit. You wont be able to subscribe to something as cheap and simple as Netflix
  • Payment terms for services will be shortened, late payment penalty fees will be raised to absurdly unfair rates
  • Reserving a hotel or renting a car may not be possible for many years.
  • If your refridgerator, air condition, or car breaks down NO STORE, NO COMPANY, AND NO  DEALERSHIP WILL EXTEND YOU CREDIT to repair or replace: If its the Fridge you wont be able to keep food. If its the AC your home will grow mold. If your car has a problem you won't be able to lease or rent another, and you wont have credit to be able to use an UBER!
  • Many employers now use credit as part of their decision to hire!
• Endless bureaucracy and mounting fees:
• You will be filling out more paperwork than you do for the IRS
• You will have never-ending court appearances while trying to keep your job, and paying for the ongoing costs of attorneys, judgements, and fines that increase monthly.
• Homeowners and car insurance will be raised to absurd levels.
• Asset reposession:
  • you will lose your property
  • If money is still owed you may find creditors reposessing other assets you may have.
• There will be a public outing:
  • Like a scene from a movie, the sheriff will come to your property at somepoint to put a huge sticker on your front door.
  • If you are still occupying the home, the sheriff will publicly extract you and anyone else there from the premesis along with all of your posessions, which will be scattered across the front lawn, all while the neighbors look on and the news interviews you

The Soft Landing

It's much easier and has a much better outcome

• You will not be homeless
• We will get you OUT of foreclosure and have you reinstated
• Your credit can be saved or restored quickly
• Under some circumstances everything can be resolved within a single day
• There is barely any paperwork or preparation to be done
• You will not have to deal with lawyers, trials, an their costs
• You will be in a better financial situation
• You don't have to fix the house or make repairs or upgrades
• There are no commissions to pay, and no agents to deal with
• Once resolved, you will immediately be on a path to normalcy

If given the choice and it was achieveable, and if it didn't require moving mountains, why wouldn't you take the soft landing?

The truth is WE ALL face difficulties at different points in our lives. Sometimes we find ourselves in vey dificut situations, and it can be overwhelming and frightening. Yet how we handle it for ourselves and our family is what makes the difference.