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

Podcast of May 28st Show – Word of the Day – "Uneasy" – Why you should not use a National Tax Service

CLICK HERE FOR PODCASTS

Ken Gross named Michigan Leaders in the Law 2011

http://milawyersweekly.com/news/2011/02/28/kenneth-l-gross-leaders-in-the-law-2011/

Michigan Lawyers Weekly

Kenneth L. Gross – Leaders in the Law 2011

POSTED: 02:16 PM Monday, February 28, 2011
BY: Edward Wesoloski, Esq.
TAGS: 2011 Leaders in the Law

Kenneth L. Gross
photo by Mark Bialek

Thav, Gross, Steinway & Bennett, P.C., Bingham Farms
Education: Wayne State University Law School, 1982
Specialty: Financial crisis management, business law, estate planning

Kenneth L. Gross, co-founding shareholder of Thav, Gross, Steinway & Bennett, P.C., puts a lot of people back on their feet after they’ve had the financial rug pulled from underneath them.

In the process, he’s evolved the law practice that he and Charles Thav founded 29 years ago, the day after Gross graduated from law school.

For many years, he said, Thav Gross “was a normal business practice.” The bulk of the work was mergers, new companies, contracts and commercial disputes.

Then, in 2008, the national economy melted down, unemployment shot up, and the real estate market crashed.

“A lot of people connected to the real estate market were put out of work,” Gross said.

In response, he led the firm to a new type of practice: financial crisis management.

“We had a tax collection defense and bankruptcy practice, so we rechanneled the focus and expanded it from a standpoint of what’s going on the economy,” he explained.

“The real estate developers, the mortgage brokers, the trade workers, the suppliers — all those people have suffered horrendous losses as a result of the housing crisis. They’re fighting for survival. They’re trying to save their homes. They’re trying to figure out how to put food on the table.”

This troubled Gross. He also was frustrated by “the arrogance and the lack of practically the banking industry has displayed with regard to the mortgage crisis.”

When homeowners are underwater with their mortgage and their income drops, “it would make more sense to renegotiate the principal and let the people stay in there,” he said.

“But the lending market and the banking industry absolutely refuses to recognize any concept of principal reduction.”

So Gross views his advocacy as if “it’s almost a war, an ‘us versus them’ mentality in terms of the banking industry.”

But, he added, “what’s incredibly interesting is all of the possible ways to improve a bad situation that we’ve learned by doing.”

Gross’ approach is to assess a client’s particular circumstances and determine which creative combination of the available tools — bankruptcy, debt settlement, loan modification, short sale tax relief — will work best to resolve the client’s problems.

This approach has worked well for his clients in many instances.

Gross’ business strategy has worked well for his firm.

Due to the slow economy, fewer clients seek “pure” business services and many more clients seek help with their personal financial circumstances.

Gross is invigorated by the shift in focus, saying, “I used sit there sometimes and say, ‘Is there any good that I do as a lawyer?’

“When I’m engaged from a pure business standpoint, I’m doing good for my client. But when you start moving into this financial crisis area, where you’re trying to help and solve people’s problems on a long-term basis, it is more inspiring and in some respects it’s more fun.

“I think I’m more charged-up about practicing law now than I’ve ever been,” he said.

Though he admitted feeling guilty at times about being too impatient to bring about the result he’s after, “I’ve learned over the course of time that you need some level of impatience to stay on track.”
By Ed Wesoloski, Esq.

Catch Ken Gross Interviewed by Alisa Zee from Sunday 12/3 Radio FM/AM

Listen here  to Aliza Zee – The Alisa Zee Fan Club ‘s interview of  Ken Gross from The Financial Crisis Talk Center on the current state of the Financial Crisis – Banks, houses underwater and credit card debt are covered.  This interview aired on Sunday, December 5, 2010 on on WOMC, WYCD, WXYT-AM, 97.1 and 98.7 AMP – Part 1 Part 2

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?