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Home Buyer Or Home Seller In A Difficult Financial Situation
Learn what you need to know if your finances are not where they should be

1-2-3 Credit & Me: Learn how you can Stabilize, Improve & Maintain your credit throughout your lifetime (Part of the Real Estate & Finance 360 Degrees Series of Books Book 6) by THOMAS (TJ) UNDERWOOD  | Sold by: Services LLC | Oct 19, 2020, updated Summer 2023

What's inside 1-2-3...




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Learn about 15 questions that you need answered "prior to" purchasing your new home...

Learn about "What is Inside" The Wealth Increaser...Our New Book...

Purchase HOME BUYER 411 The Smart Guide to Buying Your Home...©2014, 2023

Purchase HOME SELLER 411 The Smart Guide to Selling Your Home ©2014, 2023
Learn what is inside "The 3 Step Structured Approach to Managing Your Credit & Finances"©2014, 2023

Wealth Building Now—new book sample chapter...

Who is Thomas (TJ) Underwood

If you are considering purchasing a home or refinancingyou can go to or along with local mortgage lenders in your areato determine what loan will best suit youand your family.  You can compare closing costs, APR's and Par rates to determine what loan will best serve yourand your family's long-term interests.

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Learn how to apply the— “Keys to Success”—in your life

Practical Advice For Those In A Difficult Financial Situation

If your current cash flow (budget) position allows you the possibility of bringing your accounts current and/or paying off your debt in a reasonable timethat would normally be a better option than filing bankruptcy.

Be aware of attorneys, and other financial professionals who may attempt to manipulate you while you are in a difficult financial and/or cash flow position.

Always realize that you have the means and ability to do a cash flow and budget analysisalong with other financial planning yourself.

A pen and paper and a basic calculator will be sufficient. You must, however be as accurate and thorough as possible with your financial data.

Simply list all of your income on one side of the paper and all of your expenses on the other side.

If your income exceeds your expenses you may be able to manage your way out of your financial difficulties.

If on the other hand, expenses exceed your income you may have to pursue other optionssuch as getting more income, cutting your current expensesor a combination of the two!

As always, bankruptcy should be your absolute last optionhowever be sure not to deplete your retirement and other accountsif you are now in financial difficultyas they are in many cases protected against your creditors.

Those who are computer literateand/or financially more sophisticated can use computer programs and other technology to analyze their cash flow (budget) position.

The basic concept however, does not change. If your expenses exceed your incomeyou have a problem that must be addressed.

When doing your calculationswhether using pen and paperor more advanced financial planning toolsyou want your results to be where your income "exceeds" your expenses.

By having additional income to pay down your debt you can devise a written debt reduction plan that can help reduceand possibly eliminate your debt.

By reducing or eliminating your debts you will be in a better position for the future.

By eliminating or reducing your debt you can put yourself and your family on a path to financial independence.

You will also be in position to past the wisdom and experience gaineddown to your kids and grand-kids.

To avoid getting in a difficult situation  again be sure to consider purchasing Home Buyer 411the Smart Guide to Buying Your Homeas many consumers have found it to be very helpful.

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Thomas (TJ) Underwood has been providing financial advice as a tax practitioner since the mid 1980’s and began his financial planning career (while earning a Bachelor of Science Degree in Business Administration/Finance/Marketing), in Detroit at Wayne State University.  From 2010 up to the present he continues to provide visitors timely personal finance and wealth building advice and articles—including real estate advice—on 3 sites that he has created since 2010. 

Even though he is an active real estate Broker in the Atlanta Metropolitan area, he continues to blog consistently to help visitors and those who desire lasting financial and life changing success the opportunity to change their life for the better in a more efficient way. 

You can learn more about him and gain access to all three sites that he has created by going to Who is the creator of page.

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