We need a plan, but I hate this one!

That is right the current bailout plan how is written is wrong for the homeowners of America that are struggling! Yes, I understand we need a plan to basically save our financial system from grinding to complete stop. However, there is not enough protection or help for the people who are struggling most, that is you the homeowners of this country!

One of my financial mentors and guide is Dave Ramsey (www.DaveRamsey.com) he has come up with what he calles "The Common Sense Fix". I love it! I have posted details below and you need to download this information and send it to your congressperson.

Carlos Samaniego, CMPS
Loan Modification Specialist

Common Sense Fix
to your Representatives and Senators
tell them how you expect them to vote, and that if they put this nation in $700
billion of debt, that you will vote them out. It’s their job to listen to us!
(Whichever presidential candidate or political party that champions this plan
from their leadership down will likely become the next president. That is
because this plan fixes the crisis while going along with the wishes of the
vast majority of Americans.)

  1. First,
         read this

  2. Next,
         copy the info on this

         (text file)
  3. Send
         it to your Senators
         and representatives
    by copying and pasting
         the text in the web form you’re sent to.

*Note: If their websites are down, that means
we’re making a difference! Keep refreshing the page until you get through. You
can also go through Congress.org,
though we don’t endorse this site.

Carlos Samaniego on the Radio being interviewed about Loan Modifications

Yesterday, I had to the pleasure of being on the "The Ron Carruther’s Radio Show" on KCEO 1000 in San Kceologo
Diego, California. We talked about the massive foreclosure crisis and how we can save homoweners by doing loan modifications legally, ethically, correctly.

It was a pleasure talking with Ron and Ed about how homeowners can do something now without having to wait for something bad to happen.

Ron and Ed where in great mood because they where heading for the Charger/Jett game right after the radio interview.

I will be posting the replay of the radio interview the minute I get it,

Don’t forget if you are interested getting more information about the loan modifications or how to save your home, call

Call our 24hr Recorded Message line 1-800-257-1883 ext. 200 to request your free Loan Modification Consumer Report!

Your friend,
Carlos Samaniego, CMPSDsc07558

Your not crazy it is bad out there, even Greenspan say’s it’s worst he has seen!


So Greenspan say’s that this is worse economy possibly in the last 100 years, and you thought you where crazy! No it’s tough out there! People can’t afford to fill up there gas tank, mentally trying to figure out how much in there bank account while buying groceries. Many are just trying to figure out how to make there mortgage payments, if not, trying to come up with the money to pay the back payments of their mortgages.

If you have a friend or neighbors that is trying to figure out how they going to afford their mortgage. Tell them to give us a call for a free report on "Loan Modifications" go to www.CarlosSamaniego.com

Your friend,
Carlos Samaniego
Loan Modification Expert in
San Bernardino & Riverside area


Greenspan: This Is The Worst Economy I’ve Ever Seen                               

Federal Reserve Chairman Alan Greenspan offered a woeful outlook of
America’s economic
situation on Sunday, saying the crisis with the
country’s financial institutions was as dire as he had ever seen in his
long career, and predicting that one or more of those institutions
would likely collapse in the near future.

"Oh, by far," Greenspan said, when asked if the situation was the
worst he had seen in his career. "There’s no question that this is in
the process of outstripping anything I’ve seen and it still is not
resolved and still has a way to go and, indeed, it will continue to be
a corrosive force until the price of homes in the United States
stabilizes. That will induce a series of events around the globe which
will stabilize the system."




Appearing on ABC’s This Week, Greenspan would not definitively say
whether the government should come to the rescue of Lehman Brothers,
which has been forced to consider a possible sale after its stock
shares plunged drastically this past week. Instead he called the
situation surrounding the investment bank — and the bailout that
occurred this past spring of Bear Stearns — as a "once in a half
century, probably once in a century type of event."

The circumstances for Lehman may, as Greenspan noted, be different. Bloomberg News reported on Friday:
"Rising speculation that Lehman Brothers Holdings Inc. may fail is
generating less concern among investors than when Bear Stearns Cos.
imploded in March."

Much of the issue, Greenspan added, was the trouble in the housing
market, which he predicted would become stabilized by next year.
Pressed by host George Stephanopoulos as to whether another major
financial institution — such as the struggling Washington Mutual,
American International Group, or Merrill Lynch — would fail in the
interim, the former Fed chair responded in the affirmative.

"I suspect we will [see one fail]," he said, "but in and of itself
that does not need to be a problem. It depends on how it’s handled and
how the liquidations take place. And, indeed, we shouldn’t try to
protect every single institution. the ordinary cost of financial change
has winners and losers."

In light of these dynamics, Greenspan noted that the government was
left with tough decisions: which institutions are "so fundamental to
the functioning" of society that they demanded a federal safety net?
Earlier in the week, the former fed chairman noted that such choses
extended to tax policy as well. In an interview with Bloomberg
Television, Greenspan argued that the country couldn’t afford the tax
cuts being proposed by John McCain without an equally massive reduction
in spending.

"I’m not in favor of financing tax cuts with borrowed money," he said. "I always have tied tax cuts to spending."


Some struggling homeowners find way to dodge foreclosure

This morning I read a great article about how more and more homeowners are finally realizing that they don’t have to lose their home to forclosure, because of "Loan Modifications". Below is an article that was in this morning’s USA today, Money section.

If you want to get more Free recorded information about what is a loan modification and if you qualify visit our website to get more information Free 24hr Recorded Messages on Loan Modifications

Your friend,
Carlos Samaniego, CMPS
Loan Modification Expert
Certified Mortgage Planning Specialist

Some struggling homeowners find way to dodge foreclosure

At night, Margaret Jones would lie in bed, unable to sleep, her heart galloping.

time she came home, she feared the worst: a padlock on her door and a
sign declaring her home in
foreclosure. She was months behind on her
adjustable-rate mortgage, which she’d become unable to pay as the rate
climbed from 7% in 2004 to 12% this year. Her three-bedroom house, she
was told, would be auctioned on July 1.

blood pressure was through the roof," says Jones, 45, a nurse in North
Lauderdale, Fla. "I can see why some people commit suicide. You just
want it to go away."

But the worst never
happened. Rescued by a hardship loan and a mortgage-modification plan,
Jones managed to stave off foreclosure and save her house.

the number of homeowners facing or going through foreclosure has surged