95,364 Houses Foreclosed in August 2010 up 3% from July 2010

The economy for homeowners seems to be getting worse. Realty Trac an online realty reporting service just released an article stating that the housing market is getting worse. 95,365 families have lost their home this August and that's up by 3% from July 2010.

I think what has also been lost in the story is over 92,000 homeowners lost their homes in July 2010 also. About 6 months ago when all of the "Mortgage Modification" companies and "Government Programs" were popping up promising the world, I said this was a diversion. I suggested that people that had problems paying their mortgage shouldn't waste hard earned money on "Hopes and Dreams" that these companies and govt. agencies were touting.

They should buckle down and get to work on some good financial management with a financial coach. Most households are not in trouble because of their mortgage its a combination of poor financial management.

They have $5,000 - $25,000 in credit card debt. They have student loan debts. They have payday loans, home equity loans, auto loans, department store credit cards and tons of other debt that is trapping them like a slave. They are literally a "Slave To The Lender".

They don't know where to turn, they are very emotional and they will believe almost any quick fix that sounds good. Even if it sounds "Too Good To Be True". The emotions that they are experiencing from debt collectors calling, coming up with the mortgage or rent payment, keeping the lights on and food on the table it's no wonder why families are breaking up at an alarming rate.

All to often the heads of these household start to let their financial situation define them. They think that they are failures and that there is no way out. Some file bankruptcy or debt consolidate but soon they find that that decision did really fix the problem. They need good financial management and they don't teach financial management in school so the best option is to find a Financial Coach.

A Financial Coach will teach them how to build a good financial foundation to help them start to fix their financial problems and ultimately become debt free.

If you find yourself in this situation here is a Guaranteed Solution to help you with your financial problems:

1. Stabilizing your household situation - you'll never be able to pay any debt if you can't ensure that you and your family has a roof over your head, food on the table, utilities paid and transportation to and from work.

2. Set-up a budget - you'll never understand how to management your money unless you know to the dollar what's coming in and what's going out.

3. Put together a debt elimination plan - when you have a budget you can put together a strategy to pay off your debt faster because you see what's in front of you.

4. Establish an emergency fund - this is very important because most people use a credit card for an emergency fund and that's a problem. If you have cash on hand more than likely you'll rarely have emergencies and if you do have one you won't have to go into debt to take care of it. I recommend at least $500 to $1,000 accessible cash with no penalties if used.

5. Review for acceleration of your debt elimination plan - once you have the other steps on paper there are several options that will open up for settlement offers on credit cards, automobiles, payday loans, etc.

6. Action + Action + Belief + Concentration = Tremendous Results - nothing will happen without you taking definite action with belief your can accomplish your goals and a high level of concentration to keep you focused on your goals.

7. Start saving for life experiences...Fun, Retirement, Generational Wealth

Please visit our website for a Free Consumer's Guide To Getting Out Of Debt http://therealdebtsolution.com/debtsolutionblog/getting-out-of-debt-consumers-guide-newly-released/