Education, Preparation, Inspiration

If you don't have a dictionary, I highly recommend you purchase one. I want you to see for yourself that the word which I imagined, is not there. FOROPENER. I am a bit of a vain person and I actually just can not wait to bask in the glory of hearing people start using it in everyday conversation. "Hey my aunt Bertha just had a foropener!" I await the day when we no longer have to translate that foropener is obtaining home ownership in 2010 and beyond. A foropener, by it's very nature cancels out previous foreclosure associated with that home. It rights the wrong and allows the new owner to occupy in peace and harmony, knowing they have done something to take back our country from the banks and stake their claim to the American Dream. Someday, Fox News will report ( It may take CNN and Katie Couric a bit longer but that's another blog) that there were almost 10,000 foropeners which occurred this year....

Until then, there is much work to be done. The first element of creating for your very own foropener is education. I suggest that any person looking to purchase a home become educated crazy. You need to thirst for education on the topic as if you had been in the dessert for 1 year without water and now you have the chance to drink. I understand that little scenario isn't grounded in reality of course you can not live that long without water but you get the picture. I am a blogger, not a journalist after all. You can come to one of our workshops for education (http://rivercitymortgageloans.com) or you can simply start reading. Nolo's Essential Guide to Buying your First Home is great because it also comes with a CD. If you are a wanna be investor then you can't go wrong with Flipping Houses For Dummies by Ralph R. Roberts and Joe Kraynak

Education will help you to prepare. Preparing for home ownership is critical to your success. The lender will want a copy of: 2 years federal tax returns (include all w-2s); two months most recent bank statements; two months most recent pay stubs if you are self employed substitute a year to date profit and loss; name and address of your landlord; employment and residence history covering a two year period. If you have a decent loan officer, that person will let you know what your payment is going to be upfront. Personally, I always give my clients a range. I say look this is the lowest possible your payment will be and this is the highest. If they can live with that, then we move forward. Prepare for your payment, I advise working out a budget. If you don't know how to budget, here is what I think would certainly help The Budget Kit: The Common Sense Money Management Workbook by Judy Lawrence.

Many wonder how it is the element of Inspiration is necessary to create a foropener.

Inspiration: The act of inspiring or breathing in; breath; the opposite of expiration.

If you have ever walked thru a foreclosed home, you will understand that in a lot of cases, there is a residual element of sadness sitting in the air. The home was owned by a family and their time expired. Sometimes they leave to you bicycles or custom mini blinds or upgraded berber carpet throughout. In most cases, it is evident they left the home in desperation and humiliation. It is only right that the next owner counter-act all of that with plenty of inspiration. Inspiration is life and it is the antithesis to Foreclosure. It's the thing that truly redeems that home and makes it special and new for the new family. The new family has become educated, prepared and that will cause the inspiration which seals the deal.

I personally am inspired to see the real estate in America go back into the hands of the people. A bank owned nation of homes is by no means a free nation. I will do my part by helping people with their quest to secure home ownership, one foropener at a time.

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