To start with, lenders are typically prohibited from forcing your into foreclosure in your first month of defaulting. That could be a relief. But even before you get to the first month of defaulting, there are measures that you can take which would help you deal with imminent closure.

  1. Talk to your lender

The first step that anyone should take when they realize they can no longer be able to make the mortgage payments is to talk to the mortgage company. The truth, however, is that many people often act in denial and fail to explain themselves to their lenders.

The first thing your lender would do is to seek to understand whether your financial situation is permanent of temporal. The joy of every mortgage provider is to have you afford the mortgage and clear it.

Another option would be to talk to the Consumer Financial Protection Bureau, which would then give you a housing counselor to help you evaluate your options. You could be having a temporary financial stress that would clear soon, and then you resume your payments. Whatever it be, let your lending institution know of your status.

  1. Consider renting your home. It is possible that renting rates could be higher than your mortgage payments and thus give enough to pay your mortgage and also remain with some little cash.
  2. Consider filing a partial claim. This allows for your mortgage insurer or the US Department of housing and development to help you reduce your interest rates or even your principal amount.
  3. Consider Refinancing only if you are not stretched to the maximum. The challenge with this option is that there is a hefty fee to be paid and interest rates could as well go higher.
  4. Go for a loan modification. This is an option available for only those who mortgages originated before January 1, 2009. Also, the balance should be not more than $729,750. With this option, the bank agrees to change the terms for payment when convinced of your financial situation. It, however, is not a quick fix; it may take many months to process.
  5. Sell your home to real estate investment companies or to anyone willing to buy it at a good price. It is better than to wait for auctioning. Unfortunately, the current market value for some homes may be much lower than what they owe on their mortgages. In that case, consider a Short Sale or a Deed in Lieu of Foreclosure.
  6. Declare bankruptcy; this could be damaging to your credit status and even your career.
  7. Walk away. This was rampant during the height of crisis of foreclosures, those who could not pay would just send the keys to the lender and walk away from your home.
  8. Foreclosure. While this is devastating, it just does not happen overnight; you could have several months of living in your house before it is foreclosed. If you choose to go to court and block foreclosure, you could extend the period for staying in your house.
  9. Homeless programs. When it eventually happens, and you have moved out, consider contacting the National Coalition for the Homeless; they often have programs that could prevent you from going to the streets.
  10. Sell your home to one of those credible companies that buy houses for cash. Though they won’t give you 100% of the value of the home, if you go will a reputable company, you can usually still net about the same as if you sold with a real estate agent.

key to success

Coaching as a key to success

As odd as it sounds, even successful people still need to have a coach because, to consistently build your strengths and talents, they must be cultivated. The simple truth is that the some of the world’s smartest people have had mentors or coaches. You may not believe this, but even Dr. Albert Einstein had a coach. Eventually, he then went on to become the coach to some of the finest scientific minds in the world. There are many different words for coaches. We may call them teachers, mentors and perhaps even sometimes our superiors. Perhaps, a superior describes a coach very well. The term point outs that the person doing the coaching has superior knowledge.


What is the role of a coach?

A coach can be anybody with superior knowledge or insight. For instance, you may have a natural singing talent, but you cannot get to the number one slot without some coaching. Simon Cowell can find the most incredible talent on one of his many shows, but without coaching, they are not going to get on in the music business. Natural talent is great, but no matter what your natural talent is, you need to learn how to use it and nurture it. Once you start thinking back on your life, you will soon discover that you have met several different coaches along the way.


Why do successful people also need coaching?

Successful people actually require coaching more than others because they have a lot going on around them. Aside from needing to execute flawlessly, many successful people have challenges in staying focused and on track. A great coach is there to keep you on track and to ensure that you keep the bigger picture in mind and not get bogged down on all of the minutiae. As an example, sometimes it is as simple as making sure that all of your personal time and actions are spent on high-value tasks and that you are delegating out all of the low-value tasks.

Also, a success coach is there to harness your talent. You may think that you are making the most of your talent, but quite often you are not. A good example of that would be Celine Dion. She has a natural singing talent, but it was her husband who often coached her and recognized which part of her talent could make her the best. Many singers have ended up going in the wrong direction when they have tried to coach themselves. They have tried their hand at acting but without success. If they had had a good coach, he or she would have been able to steer and guide them in the right direction. A coach should be seen as a positive influence in your life, not a negative influence.


coachingThe Changing Role of the Coach

The role of the coach is ever changing and evolving. Today, coaches can be found in all businesses and industries. We used to think of them as sports coaches, or perhaps acting coaches. In fact, the role of the coach has become so important that maybe we should all ask ourselves if we would not benefit from a coach. Perhaps, one day we will all appreciate that coaches in their different forms can benefit all our lives.


It is about time that becomes less hung up about success and life coaching and realized that we don’t know it all. We should learn to appreciate that our coaches come in different forms, and can benefit us at some point in our lives. Coaches should be considered as talent and life enhancers, and valued them for what they truly are and what they can mean to us if we only let them.

Online-CoachOnline coaching is becoming more and more popular, but that does not make all online coaches are great. If, you want to make it as a coach in any type or form of coaching you need to take several factors into account. For instance, what are you going to coach, and do you have enough specialized knowledge to make you an expert on the subject. After all, people that require coaching are looking for specialized knowledge and will only pay you for a professional service. That is right – coaches are professional people.


Topics Are Important

You can’t be good at everything, so it is important to pick your specialist topic or subject. Fitness coaches are popular online as well as offline but what does this topic consist of when you look at it a bit more closely. Once you start exploring a topic or subject, you will soon realize that there is a lot more to it than you think. Fitness is an interesting one to pick; it does consist of two sub-topics. To get fit, an athlete needs to eat right and make the best of his or her exercise options. Can you teach both? To make it, you do need to be well-versed in your topic or subject.


Passion Inspires

Yes, knowledge is great, but does it inspire? Most of the time you will find that knowledge does not inspire at all. A person may get excited about the knowledge you have, but what really gives them that excitement is the way you deliver your knowledge. You need to be able to show that you have a passion for your subject as well as knowledge. Passion is what the person who you are coaching is going to take away with them at the end of the day. If you cannot deliver a passion that shows that you care, the knowledge that you have just shared will soon be forgotten, and your student will become bored and distracted. No results will be achieved, and that will be the end of your coaching career.


Be Realistic

Don’t feed a person dreams and fantasies. Only bad coaches rely on dreams and fantasies as inspiration. The truth is that you need to achieve results, and we all know that you cannot gain those when you are day dreaming. Your student may do some daydreaming of great success, but as a coach, it is your job to get them to be where they CAN be or to be the best they Can be. We all have different abilities, and a good coach will pick up on a person’s abilities.

Once you have decided to get involved with online coaching, you will appreciate that you need to stay on track as well. Who is going to be your coach and who inspires you? Think about all of these things before you start out, and you will see the makings of a very successful online business. Make it unique, and remember that at the end of the day, people buy people not just their know-how.