Ramon was living the American Dream. A first generation American who moved to the U.S. from the Dominican Republic, and the first in his family to graduate college and receive an MBA, Ramon began his career working for a wholesale subprime lender.  He was doing so well one month he made $30,000. He bought four homes, including one for his mother, never fathoming that the lucrative housing market could turn on a dime.

But then the subprime mortgage crisis hit, and it hit Ramon hard. His employer filed for bankruptcy in early 2007, leaving him with no job but plenty of mortgage expenses. The home Ramon bought for his mother plummeted in value – he’s already had to refinance twice and it’s set to readjust this year. Ramon’s savings and IRA have both been wiped out and his monthly mortgage and bill payments are up to $16,000.

With no relief in sight, Ramon is looking for ways to get back in the green.

   Lower your home prices to sell.
   Get your credit card debt down so you can possibly refinance.
   Release the emotional connection to your properties.
   Get a full time job for Ramon.

Right now Ramon is too emotionally tied to his investment properties. He has to get out from under these properties to take his first step of getting out of debt. Ramon's credit cards are maxed out. He has to cut his spending so that his debt can be brought down and his credit scores can go higher - doing this could allow him to possibly refinance his loans. Ramon right now is working for himself, to quicken his way out of debt he needs to focus on getting a full time job that will help bring in steady income and bring with it health benefits.