Inside the World of a Foreclosure Rescue Expert and the Mortgage Industry's Dirty Little Secrets

Let me first start off by saying that this was probably the most touching story that I have ever written in my career. I am a PR professional and my loving husband is deeply rooted in the real estate industry. We happen to reside in the metro Atlanta, Georgia, area and when real estate was booming here, it was really booming.

It seemed as if everyone in the real estate industry was living a life of luxury and riding high. My husband has serviced many professional roles in the real estate industry; he started out as a mortgage loan officer. Later he became a mortgage broker and that allowed him to receive commissions from other loan officers under his leadership. Mainly my husband serviced a wide range of real estate investor clients and also started investing in real estate as well. In addition, he took on small residential development projects and worked on some commercial projects as well. The years went by and life was seemly as good as it gets.

Only if you live on Mars you haven't heard that the real estate mortgage industry is in real trouble. However, you don't have to tell this to anyone deeply rooted in the real estate business, as they have most likely started to feel the crunch. Many theories contrast why and how the real estate mortgage industry got here. Kind of like when the psychic hotline went out of business, they should have saw it coming. Who is to take the blame? Do we blame the drunk driver for getting behind the wheel or the stupid passenger for getting into the car with the drunk driver? By now you may have gathered that the drunk driver is the sub prime mortgage lender. After all you would have to get drunk to underwrite such stupid loans and makeup such stupid guidelines. Yes, I have to put some of the blame too on the poor passenger also known as the mortgage holder. How could you let someone put you into such a crazy loan situation? You might as well have been driven by a drunk driver.

Here is how it all happened: