Press / Media Mentions of Joe Aldeguer Financial Expert Joe Aldeguer Offers Free Help for Mortgage Fraud Victims Chicago, Illinois, United States of America (Free-Press-Release.com) February 17, 2012 — According to financial expert and homeowner advocate Joe Aldeguer, even the slightest irregularity in a home mortgage or deed transference can cause serious legal issues for [...]
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Real estate entrepreneur Joe Aldeguer knows business. With a career that spans more than two decades, Aldeguer began his career as a commodities broker, eventually working his way to real estate. By his mid-20s, Joe Aldeguer had formed The Mortgage Exchange, eventually leading him to be honored in 2002 as a Business Man of the Year. That same year, The Mortgage Exchange was among the nominees for Mortgage Company of the Year.
In 2005, Joe Aldeguer was featured on the cover of The New York Times, a fitting tribute to his successful career in real estate. Following the real estate bust, Joe Aldeguer turned his attention to other ventures, including providing financial and real estate advice, both through radio appearances and client consultations. Today he focuses on helping homeowners who are dealing with mortgage difficulties through his “Fresh Start” strategy. |
Joe Aldeguer, a leading Chicago businessman and expert in finance and housing says that strategic default as a business decision may make good financial sense.
When a large corporation makes a financial misstep, notes Joe Aldeguer, they often just stop paying for it. For an individual, a home purchase is a business decision like those made by large corporations, but without the ability to hide behind a company name. Joe Aldeguer points out that homeowners seem to be held to a higher standard than our nation’s economic leaders. They are made to feel shame for choosing to walk away.
Should feelings of shame be enough to stay put in a bad investment? According to Joe Aldeguer and the staff of Chicago foreclosure management firm, no. The process of letting a house go into default can empower the individual to prepare for greater things, reports Joe Aldeguer. A homeowner who is likely never to owe less than his or her property is worth, may want to consider the reasons they are really staying.
Joe Aldeguer reminds his clients that their loyalty lies with their family. The bank, on the other hand, seems to want homeowners to believe otherwise. They [banks] have a knack for making borrowers feel very small, advises Joe Aldeguer. Notes on statements that state things like “People who pay promptly keep rates low” are a marketing tactic geared toward instilling feelings of obligation to other borrowers of the same institute. Joe Aldeguer thinks it’s time for this backwards way of thinking to end.
There are serious emotional attachment issues that clients sometimes have to work though, acknowledges Joe Aldeguer. At the end of the day, however, when the tough decisions need to be made, it is best to put aside the feelings and treat this situation as any other life transition. According to Joe Aldeguer, looking at it as a transition instead of a loss is a far more pragmatic way of thinking.
In Chicago, more than 150,000 houses have fallen into foreclosure since the real estate meltdown, says Joe Aldeguer. In many cases, the homeowner simply did not have the funds to maintain payments. There is, however, a new breed of people opting for a default: Those who can pay, but who also understand that they will never gain anything from the property. Defaulting, insists Joe Aldeguer, allows a family the time to prepare to live off limited credit for a few years by giving them time to save money. Joe Aldeguer cites that paying off other debt is just one way a strategic default can really aid in giving the consumer a fresh start in life.
Chicago foreclosure management firm can help a homeowner wade though the process of strategic default before he or she drowns in an underwater house. They can advise the homeowner from start to finish, and ensure that each step is explained along the way. We can help these homeowners re-gain a sense of hope and given them the encouragement they needed to open a better chapter in the book of life.
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