Homeowners have been damaged by big banks and the power they hold in the financial sector of life. While your average homeowner simply struggles to make ends meet, big banks are eating up all the available homes and holes in millions of Americans pockets. Either that, or they are allocating the houses they already own into “shadow real estate”. For those who don’t know what shadow real estate is, it means keeping houses off the market until an agreeable price can be had on the sale. In the economic crisis we are currently facing, many big banks are placing some of the homes they have acquired into a state of limbo. In this state of limbo the home is not to be sold because of the loss the bank will endure. So because of this some are simply waiting for the economy to improve enough to get the asking price they desire.
Where does this leave your average homeowner? Big banks already take in an average of $15,000 dollars from every man, woman, and child in the United States. But as the saying goes, “the mix don’t give”. This has forced homeowners to fight back, to struggle against big bank power and dominance within various markets. In this case, we’re exploring homeownership.
One way that homeowners can fight big banks and the ridiculous costs associated with the loans required to remain a home owner is offshore banking. Offshore companies do not require people outside the country to pay taxes on their money. Offshore investments are also very popular, offering participants a tax free and completely safe way to accrue tax free dividends. Banks in the United States simply can’t compete, and many people fail to explore this little known opportunity for financial advancement. If you are looking for the way to save your financial well being and the secure ownership of your home, the many offshore options available today can give you a legal and legitimate way out of the rat race.
What about problems with loan modification or other kinds of loan workouts?
More and more homeowners are complaining that there mortgage servicer is not doing there job when it comes getting assistance paying their mortgage. Many of these borrowers are left in the dark, and do not know what to do to get the bank to work with them. If you are in this situation yo may need to find the executive contact for the mortgage servicer or maybe even hire a non profit agency that can help you throughout the process. Always beware of loan modification companies that charge a fee for their service, many of them are a scam!
Also many people take the route of sending complaints to congress and their state’s attorney general to get some attention when they are in need of help. With the government’s modification program only helping a small percentage of the people who qualify and are struggling to make ends meet, we are going to need all the help we can get!