Ken Gross and Thav Gross announce Free Seminar on Capturing Your Financial Future – December 7th, 2011 –

What do you do if your house is under water? If you owe $300,000 on  your home and today it is only worth $170,000. Are you just going to “stay the course” and pay for the house over the next 20 years – paying $130,000 plus interest for air? If you have $50,000 of credit card debt, at 19.9% interest – are you going to just “stay the course” and pay the interest and payments over the next 19 years and 3 months (that is if you make the minimum payments) paying a total of $99,109 to payoff the debt. THIS IS WHAT THE FINANCIAL INDUSTRY WANTS YOU TO DO. If you do this, your credit score may be 725 now and 725 every day for the next 20 years – but you’ll have nothing in the bank for savings and retirement. There is an alternative – by exiting the house underwater and shedding the credit card debt  – you can put yourself in a position that rather than “staying the course” you “create your course” – the result – you begin to save the $2,000 per month you were paying on the credit card debt and you bank the $1,000 per month you will save by reducing your housing costs so that you are paying for housing based on TODAY’s market values.  You must realize that 2008 values – are in the words of the great, Ernie Harwell, “Lonnnnng Gone.” Saving the $3,000 per month over 20 years, with a modest return will yield you over $1,000,000 in savings.

The choice – a reduced credit score for 1-2 years and becoming debt free and having a savings account of $1 Million – or reaching 70, with nothing in the bank (but, oh yes, a perfect credit history). When you need food to eat or shelter when you’re 72, just try and pay for it by giving them some of your credit score points! Sound harsh – this – is the reality of today’s world. This economy, as miserable as it is – does create opportunity. The hard part for many – is recognizing the reality and taking action.

If you want to learn how to do this – attend the FCTC and THAV GROSS’s free Financial Crisis Management Seminar on December 7, 2011 at 7 PM. Sign up on the Website or call our offices at the numbers listed.

THIS IS YOUR CHANCE TO GIVE YOURSELF THE GIFT OF YOUR LIFETIME THIS HOLIDAY SEASON – YOUR INVESTMENT – AN OPEN MIND AND  1.5 HOURS.

The Opportunity Exists – Ken Gross Column – Jewish News – Sept 8, 2011

This applies to so many — but you need to recognize it and act on it!

The Opportunity Exists AL (9.8.2011)

Mr. President – You Need to Deal – By Ken Gross

Mr. President – You Need to Deal

The big speech came – and went. Another speech offering that which we anticipated but not that which America needs. A proposed $447 Billion program – and the President neglects to mention the price tag in the speech. I suppose that is the prerequisite to avoid addressing in specifics a realistic plan to pay for it. After witnessing Congress’s infantile behavior last month on the deficit cap – it is a certainty that the President’s program will go nowhere – other than causing another slow burn of intransigence by Congress.

Sometimes you need to make a deal that your adversary cannot refuse. You do this carefully – but when you need something done  – if it’s important enough – you do it. In this case, the President needs two things – he needs to stimulate jobs and the economy and he needs to garner support for next November. Instead of offering a plan the Republican’s will now have a field day complaining about – he should have taken the podium and laid out a program the Republican’s could not refuse. First – tell us it’s going to cost $447 Billion. Second – that though he doesn’t like it – we’re going to pay for it by shelving Obama Care for 5 years – with the exception only of keeping the no pre-exisiting condition requirement and providing coverage for dependent children to age 26. Third – acknowledge what everyone already knows –without a housing market the economy has no chance. To stimulate housing, tell us that mandated principal reduction on homes underwater will occur and that you will mandate easing the credit restrictions to refinance and purchase a new home. Top this off by telling us that the cost will be charged to the banking industry who caused this fiasco.

Mr. President, if you went in this direction,– the Republican’s could not say no – because the cost would be covered, we all want economic growth and the banking lobby would be handcuffed to protest. If you want four more years – you’re going to need to be a much better deal maker.

Ken Gross is an attorney with THAV GROSS PC (www.thavgross.com) and hosts The Financial Crisis Talk Center (www.fctalkcenter.com), a radio program that airs weekly at 8:30 AM on Saturday mornings on WDFN “The Fan” 1130 AM.

Spotlight On the News with Chuck Stokes – Ken Gross appears to discuss Short Sales and What to Do if You're Underwater in Michigan

Houses Under Water – Solutions for Michiganders – Ken Gross Interviewed by Chuck Stokes – On Spotlight on the News 6/25 Channel 7

Ken Gross Appears Again on Chuck Stokes's Spot Light On the News – Channel 7 9:30 AM Sunday, June 26th -

Catch last weeks video from the June 19th show:

The Topic is MERS Foreclosure and Houses Underwater

Catch TV Broadcast – Ken Gross on Detroit Wants to Know – The Housing Crisis – MERS Foreclosure and Michigan's Expiring Mediation Law

In depth discussion of the MERS Class Action in Michigan as a result of the recent Michigan Court of Appeals decision and the need for Michigan to take action to extend the Foreclosure Mediation Law that is expiring July 5, 2011

VIDEO – URGENT – Save this Dog & Michigan from Being Homeless – Help Avoid Foreclosure

Click Here – to Learn About the Need to Save Michigan’s Law that is Expiring 7-5-2011

Check out Ken Gross's appearance the Guest on Schwartz's law – Saturday, 2/5/11 at 7 PM on WDAL Channel 38

In depth discussion of the Financial Crisis, houses under water and the plan of attack for Michiganders …

Ken Gross Interviewed by the Examiner.com – Detroit

Check out Lori William’s interview of Ken Gross in the Examiner – Will Santa Bring an end to the Housing Crisis for Christmas?

Ken Gross – quoted in Detroit Free Press – Saturday, October 30, 2010

Click link for Article ….

William Krieger of Lansing watched the news earlier this month about banks halting foreclosures because of problems with paperwork and was relieved that wasn’t happening to him.    Two days later, he got a letter from Chase saying he was delinquent on his mortgage and that it would foreclose if he didn’t contact the bank. The only problem — he never missed a payment and can prove it.    News of big lenders halting home repossessions has raised questions over how banks handle paperwork. Earlier this month, Bank of America stopped home seizures in all 50 states. At issue: a process called robo-signing, in which bank employees or its lawyers signed off on foreclosure affidavits without reading them. It has been a problem in states where judges must approve foreclosures.      The crisis has heightened awareness about paperwork errors nationwide, but experts say the impact will be minimal in Michigan. That’s because it is not among the states that require judicial review for home repossessions.    Bank of America is the only lender reviewing Michigan foreclosures and most industry observers don’t expect it to take long. The lender recently resumed foreclosures in the 23 states that require a judge’s approval after   finding that its paperwork processing was up to snuff.    The Michigan Association of Realtors in Lansing issued a statement last week saying the impact here has been almost nonexistent.    “Valid real estate contracts and mortgages remain enforceable and unchanged. There are no major anticipated legal challenges associated with recent headlines that will have an effect on our state.”    And the investigation hasn’t caused foreclosed properties to be pulled off the market in Michigan, which has occurred in some judicial review states.    Experts say cases like Krieger’s — while unfortunate — are rare.      Chase spokeswoman Mary Kay Bean said the bank had resolved the problem on Tuesday, reimbursing Krieger for fees and expenses and corrected his credit report to indicate he is current on his payments. Krieger said the problem began when he made an online payment   in August and mistakenly forgot to indicate the date Chase should take it from his account. Two payments were taken, but one bounced back to Chase. That was counted as delinquent.    While Krieger’s situation is uncommon, it’s still a major hassle. The only thing someone can do is to keep copies of every payment and statement and send a copy of those along with a letter explaining the error to the bank,   said Ken Gross, a Bingham Farms financial crisis attorney. They need to be sent by certified mail with a return receipt, he said.    “Calling does you no good in this world,” he said. “You have to prove you sent the letter.”    What’s more at issue with the paperwork mess is an underlying sense that the loan servicers can’t always prove who owns the mortgage and has the right to foreclose, he said.    “It all comes back to where does the responsibility lie?” Gross said. “The banks have to do their jobs and create a method of administration to do it.” Still, Krieger isn’t convinced. For him, the paperwork crisis calls everything into question.      “I absolutely believe because of their accounting problems they probably have foreclosed on people who didn’t deserve it,” said Krieger, 45, an Iraq War veteran.    • CONTACT GRETA GUEST: 313-223-4192 OR  GGUEST@FREE   PRESS.COM