Albuquerque makes top 5 list to build wealth

Salary.com uncovered the top US cities for building personal net worth by taking into account local salaries, cost of living and unemployment relative to the national average.  Among other things they also look at diversity of industry, education level of the cities’ population, proximity to post-secondary institutions, percent of the population below the poverty level and medial travel time to work.  Albuquerque followed Plano, Tx, Aurora, Co, Omaha, NE, and Minneapolis, MN.  If you are ready to start building your net worth in Real Estate Investment check out the homes or apartment complexes available at www.SmartAboutHomes.com.

Helpful Hints to avoid foreclosure

1. Don’t ignore the problem.

2. Contact your lender as soon as you realize that you have a problem.

3. Open and respond to all mail from your lender.

4. Know your mortgage rights.

5. Understand foreclosure prevention options. Valuable information about foreclosure prevention (also called loss mitigation) options can be found on the internet at portal.hud.gov/portal/page?_pageid=33,717348&_dad=portal&_schema=PORTAL .

6. Contact a HUD-approved housing counselor. Find a HUD-approved housing counselor near you or call (800) 569-4287 or TTY (800) 877-8339.

7. Prioritize your spending.

8. Use your assets.  Do you have assets-a second car, jewelry, a whole life insurance policy-that you can sell for cash to help reinstate your loan?

9. Avoid foreclosure prevention companies.  HUD approved housing counselor

10. Don’t lose your house to foreclosure recovery scams! If any firm claims they can stop your foreclosure immediately if you sign a document appointing them to act on your behalf, you may well be signing over the title to your property and becoming a renter in your own home!