Entries from October 2006

Thursday, October 26th, 2006

Officially in Foreclosure: 12 Days Left for Dallas House!

I opened the certified mail and I find a Notice of Trustee’s Sale for the Dallas Property! And it’s coming up soon - November 7th! Only 12 days left!!
They are not kidding when call the 21 day foreclosure process in Texas “Sudden Death” as compared to foreclosure process in other states. Here are […]

Wednesday, October 25th, 2006

Facing Foreclosure with a Sea of Mail

Ever since I started falling behind on payments there has been a significant increase of mail. It was bad enough before - keeping track of mail on 6 active properties: mortgage statements, utilities, insurance, etc. On top of that we have over 11 business/personal credit accounts and all the personal mail too.
Now that I am […]

Tuesday, October 24th, 2006

Facing Foreclosure in USA Today

Thanks to Noelle Knox of USA Today for a pretty accurate coverage of I am Facing Foreclosure story. She actually checked my closing documents and my ownership of the houses to make sure the story is legitimate. (No other media source so far asked to verify my docs.)
This is for all […]

Monday, October 23rd, 2006

To BK or not to BK… Moral Issues of Bankruptcy

I found this in the office of one of the bankruptcy attorneys I visited…
With almost $140K in unsecured debt (which is part of my total 2.2M of debt), I am now facing the question: to go through bankruptcy or not?
Lots of you have suggested that I just go ahead and BK and start […]

Sunday, October 22nd, 2006

Nine to Five at My Rich Dad’s Office

Blogging for the first time from the office
My high school friend, Rich Dad’s son
Yesterday, was my first full day at my Rich Dad’s new office. He just bought a larger office building to expand operations. I was offered free office space and mentoring.
There is no salary but I will […]


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