With the lingering depressed housing market, one of the most common requests we get from investors is to help them deal with the enormous, often life-changing, burden of a property that is worth far less than the debt against it. To give those of you in this predicament hope and an action plan, I just wanted to reprint one man’s unsolicited thank you letter* (which he graciously permitted us to share with you, along with his name) for how we were able to help him effectively deal with his seriously underwater mortgage and move on with his life:

Dear Jeff,

Thank you so much for your excellent educational materials…Your materials…have given me the courage and confidence to move ahead with a strategic default.

This will free me of a 177% underwater mortgage and paired with some other knowledge will allow me to become debt free in 15 months or less.

Thanks so much for helping me get a fresh start financially. I look forward to using your services in the future as my real estate deals begin to flow in. I will also happily refer other investors your way. (emphasis added)

Have an amazing day!
Charles M. Polanski

Actually, all that Mr. Polanski did was purchase a home study course I created and offered through my real estate investor education company, called “Before You Walk Away: What Every California Homeowner Must Know About Strategic Defaults”, and then he took advantage of the free lawyer consult provided as part of that course package. That was enough to give him the direction and plan he needed.

Although strategic defaults have gotten alot of media attention, it is actually a deceptively complicated topic. That is why any of you who are suffering with this stressful situation owe it to yourself to take a look at this home study course. As is true with all of the products sold by my education company, it comes with a 100% satisfaction guarantee. For more details about that product and the guarantee, please click here, see the box in the lower left corner of our law firm website, then follow the “Click here to purchase online” link. And, if you know anybody who may be struggling with an underwater mortgage, please forward this post to them. They need this information and will thank you.
*Testimonials or endorsements do not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.

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Coronavirus Alert: Best Practices for Commercial Lease Challenges from the Landlord and Tenant Perspective

 

When: Friday, June 5th @ 12pm PST

Join Lerman Law Partners, LLP real estate litigation and transaction attorneys Jeff Lerman, Phil Diamond and Dan Dersham, Jeffer Mangels Butler and Mitchell LLP bankruptcy attorney Ben Young, and McLaughlin Sanchez LLP eviction and rent control attorney Michael McLaughlin for a free 2 hour webinar Friday, June 5th, at 12:00 noon (if you cannot make it, register and you will receive a recording), when we will be discussing the impact of COVID-19 on commercial leases, evictions and bankruptcy issues, from both the landlord and tenant perspective.

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