Foreclosure, one of the scariest words to any homeowner

Here’s Mike on My Generation, the podcast of South Shore Senior News. My generation is hosted by Steve Dubin of PR Works.

Notable quote from the interview:

“I’ve been in the real estate business since I was 19 years old. I did a lot of work in the early years representing banks who had already foreclosed on properties and were then tasked with marketing and selling those assets. So I got to see at a pretty young age a lot of the strife and pain that people go through when they are effectively escorted out of the homes that they owned before the bank foreclosed on. I was pretty observant to what I witnessed, which was tragic. And then I faced my own struggles.”

For more, check out the full interview.

Here’s Mike on the Financially Intentional podcast with Naseema Elroy

Notable quote from the interview:

“Everyone struggles. What I learned is that your struggle is supposed to be a chapter, not the whole damn story. But we make it the whole damn story and we self-sabotage sometimes and make problems worse.”

For more, check out the full interview.

Here’s Mike on the Go Gaddis Real Estate Radio podcast.

Notable quote from the interview:

If you want bank assistance when you fall behind on your, on your payment responsibilities, they offer retention options. And that can be in the form of a loan modification, where you modify the terms of the note, which are not typically attractive in an environment like this. A lot of these people are sitting on two-three percent mortgages, right? So this option is better than foreclosure but not outstanding. It’s called a partial claim mortgage as long as you’re able to resume your normal payments in about 60 days, they’ll take the arrearage and tack it on to the back of the loan.”

For more, check out the full interview

DATELINE: NEW BEDFORD, MA and DARTMOUTH, MA…

New Bedford, MA resident Michael Vaz was recently named co-founder of Hope4Hardship, a Massachusetts non-profit organization providing complimentary services to homeowners facing the devastating threat of being foreclosed on and losing their home.

Vaz will serve in this role in addition to his duties as a Realtor at the Century21 Signature Properties, 980 Reed Road in Dartmouth, MA. Vaz is also the owner of Vaz Construction of New Bedford, MA; a well-established, community entrusted construction company, specializing in both commercial and residential renovations, refits, building and development.

“Michael brings a wealth of experience to Hope4Hardship. The knowledge he’s gained both in real estate and running a successful construction gives him a perspective that will be incredibly helpful with our clients,” said Michael Russell, founder of Hope4Hardship.

Shares Vaz, “We all have struggles. There is nothing more gratifying than helping people who see no hope in saving their homes to find a positive resolution. Whether that’s saving their home or improving their situation so they can start anew.”

Vaz became a sales professional with CENTURY 21 in 2019. He’s also worked in the construction industry for 17 years, starting Vaz Construction in 2012. Today, Vaz Construction employs 47 people.

Vaz, a New Bedford, MA native, has strong, generational ties to the New Beford community.

Hope4Hardship’s services include consultation, representation on behalf of the homeowner in talks with banks and mortgage companies, administrative support, assistance application services and ongoing consultation. As a non-profit organization, Hope 4 Hardship offers its extensive services free of charge.

Whether it’s finding a way to keep your home or exploring other options, Hope4Hardship is committed to guiding homeowners toward the best possible outcome.

If you or someone you know is facing foreclosure or in the process being foreclosed, it’s essential to explore all options before making any life-altering decisions. Hope4Hardship is here to help. To schedule a confidential consultation, call 508-501-9214 or email help@hope4hardship.com.

About Hope 4 Hardship

Hope 4 Hardship is a non-profit corporation dedicated to helping homeowners in financial distress avoid foreclosure and find a path to financial recovery. Founded by Michael Russell, the organization has already helped thousands of homeowners regain control of their financial future. For more information, visit www.hope4hardship.org.

Hope4Hardship Founder Michael Russell recently appeared on RadioEntrepreneurs.com. The segment was hosted by RadioEntrepreneurs.com’s Jonathan Freedman.

In a 15-minute interview, Michael shared why he founded Hope4Hardship and the true irony of foreclosure. Here are a few bytes from the interview:

“95% of homeowners who fall behind on their mortgage want to retain their property. And all banks want the homeowner to stay in the property. They don’t want to foreclose. So, we go to work on a relatively systematic approach of helping these folks and creating assistance applications for various programs that are available out there and through the bank themselves.”

“There are 100 notices of intent to foreclose recorded in land court every week in Massachusetts in the last year.”

“I don’t ask any money from anybody ever to help them do this. And that is in large part just from my own experience in my life.”

“The thing that foreclosure affected most in my life was the collateral damage that ripped through my family as a result of that chaos. It took me all of 10 years to resolve those issues within my family and to turn my own life around.”

Michael Russell recently appeared on the Get OnPoint podcast with FocalPoint Coach Jason Mundy. The episode was entitled “Home for the Holidays: Mike Russell explains founding of his non-profit that prevents foreclosure. Here’s a notable quote:

“The size and strength of my real estate operation defined who I was as a human being and the broken piece of that thinking was the obvious piece: how I treated other people. That is what determines who I am as a human being. Not how many millions of dollars’ worth of real estate we sold or how many know sales associates I took from this guy. Yet that was the game, man. It was all false self stuff. I can’t describe to you how grateful I am for the changes that have occurred within me. It is a much more peaceful existence. I no longer live in fear in my business.”

For more, check out the full interview.