Below is a letter we had recently received from one of our clients, a real estate investor, that came to us regarding an impending foreclosure on one of his investment properties.
“The reason I ended up choosing ABFS Consulting was because I was tired of being squeezed by the BIG Banks in order to receive their interest rate …on their terms. No negotiation, no personal credit or any sort of appreciation for being a good paying client. BIG Banks said – Here it is so eat it! The funny thing is, I never actually missed a payment but always had to fight to keep my interest rate Iow (around 6%).
I tried my best to shop for a better rate and when I finally found a BIG Bank to help, it turned out that I could not qualify because my prior BIG Bank had done multiple HARD searches on my credit rating without my permission (by-law they have to ask your permission) which lowered my credit score. I often wonder if they did this to keep me locked in? As an investor, to put it bluntly, I was screwed. The BIG Bank wanted to increase my percentage rate to a point where having the property was a total loss for me but it did give them substantially more money in the long term.
As an investor I needed to make a lateral move to cut my loses and get out of this investment as painlessly as possible. At this point I found ABFS Consulting. I found their website by researching on the internet. I sent off an e-mail about my situation and within a few hours had a response back.
After speaking with the lead consultant and the strategies they offered to relieve myself of this money pit, I knew then that I had a good team behind me. My situation was such that there were multiple parties involved, excluding the Big Bank, and ABFS worked through it with ease. Even though the lead consultant told me this was one of his more completed situations, he and his team came through for me. I ended up getting out of a situation that could have costed me $280,000 or more with damage to my credit rating for years to come; but it was all avoided by using ABFS Consulting.
The biggest thing I got out of this experience is that as a consumer you ALWAYS have to stand up for yourself. Just because the BIG Banks have billions does not mean they can do what they want, or they are always RIGHT! Whether you’re a first time homeowner, or a property investor, you need to stand up for yourself and fight back! Challenge the BIG Banks with questions, monitor your credit rating online, research your problem and know your rights so that you can breath easier at night. Knowing that there are people out there to help is such a relief. As an investor, this is not the only property I own, nor will it be my last. Finding ABFS Consulting is worth millions. Knowing that I can call for advice on my next deal, with more confidence than ever before, is priceless.
Thanks for everything.”
Brad; Calgary, Alberta
