Business Innovators Radio - Interview with Kevin Coffey & Christina Keller with A Brighter Future Discussing The Devastating Emotional Consequences of Foreclosure

Episode Date: June 19, 2024

Kevin and Christina, a couple of Colorado folks who know what it’s like when things get tough. Kevin grew up in North Denver, and Christina in Thornton. Life can throw some real curveballs, especially when it comes to keeping a roof over your head.But they also know the pain of uncertainty and loss. Kevin’s family faced the heartbreaking reality of foreclosure when he was younger. He watched as their home, filled with love and laughter, slipped away. Looking back, he wishes his family had been thrown a lifeline that offered choices. They’re not just another option; we’re a lifeline, a bridge to a brighter future by offering you choices. Choices like:Learn More: http://www.abrighter-future.comInfluential Entrepreneurs with Mike Saundershttps://businessinnovatorsradio.com/influential-entrepreneurs-with-mike-saunders/Source: https://businessinnovatorsradio.com/interview-with-kevin-coffey-christina-keller-with-a-brighter-future-discussing-the-devastating-emotional-consequences-of-foreclosure

Welcome to influential entrepreneurs, bringing you interviews with elite business leaders and experts, sharing tips and strategies for elevating your business to the next level. Here's your host, Mike Saunders. Hello and welcome to this episode of Influential Entrepreneurs. This is Mike Saunders, the authority positioning coach. Today we have back with us, Kevin Coffey and Christina Keller with a brighter future and we'll be talking about the devastating emotional consequences of, foreclosure. Guys, welcome back to the program. Thank you for having us here, Mr. Saunders. Thanks for having us, Mike. Hey, you know, I think that this series has been so helpful because I really feel that so many times people get caught up in the process of foreclosure and they don't understand it.

It's not something you deal with every day. So when they start getting these letters and these, you know, the next steps from the bank, they don't know who to trust, they don't know where to turn. And that causes this whole blood of emotions, you know, on like a roller coaster. And I can only imagine. So I'm excited to learn from you guys what you're experiencing and what you're guiding your clients that you're working with regarding the emotional consequences. So what are some of those emotional effects? Well, I think one of the biggest one is the embarrassment, you know, when somebody gets foreclose on, they feel isolated, withdrawn from friends, the community, due to just a stigma that's around foreclosure. I have my own story. That's one of the reasons I'm so passionate about helping people

avoid foreclosure. When I was younger, our house was foreclosed. And we end up from an embarrassment standpoint and other reasons moving out of Colorado. So for many years, I lived in another state. And one of the reasons I think my dad moved was because of the embarrassment of being a major business owner here in Colorado. And then, you know, being viewed as somebody who has foreclosure. We end up moving out of state for many years. So it was a very embarrassing. You know, it's depressing. That's another thing that people go through if they go through foreclosure, you know, the fact that feeling of sadness, the grief of losing a security, stability, you know, all the memories that were attached to that home.

It's almost like losing a loved one. So there's, it can be quite difficult emotionally on someone. So when you, when you, let's talk a little bit. about embarrassment because it is embarrassing to the people that know. But in reality, how are people going to find out about it? Like, unless you tell people, like, if you're at church and you go, hey, I just need some support, here's what's going on. But where does the embarrassment come from? How far reaching is that? Well, it is because, you know, the fact that you have a house that sit and make it that doesn't sell. I mean, the neighbors are looking at that house as the weeds

grow in the front yard and actually the sun pump quit working in the basement and actually flooded. We had a chance to look at that house many years later as it went back into foreclosure and we're looking to re-buy it. And there's a ton of water damage in the basement because the sun pump wasn't working. So I mean, people know that once you vacate a house that those weeds pile up, it's vacant and then there's signs posted. And then it's listed. on communities websites, right? So I mean, it's listed publicly. And I would even think, too, that, you know, like if you need help moving, because everybody's got all your life for years and years in your basement, your bedrooms, and you're going to need some help. And then you ask your

friends for help moving. And they're like, oh, hey, what's going? And you're going to have just a little bit of, you know, tenseness in your voice. And so I think that's an aspect. You might have your friends that normally would come by the house and go, hey, what's up with that? Yeah, that's a good point, that embarrassment aspect and trying to explain it and trying to just get past that, that's a big drain on you, which can really enhance negatively the experience, right? Absolutely. And then there's the impact on relationships. You know, I remember my mom and dad, you know, the strain that had on them.

And the strain can have another loved ones if you think about in the family and, you know, the blame game of, you know, we should have done this financially different. or because of you, we should have done this. And all of a sudden, you know, you have people blame the other one before the circumstances. And so that, you know, it impacts relationships. There's hopelessness about the future, you know. When people lose hope, Mike, as you know, they start doing the wrong things, you know, where there's no hope. People lose vision.

And when vision is lost, they make continued wrong choices. And so what I love about what we do and why I'm so passionate. action and about what we do is that we show, you know, throw people a lifeline to where we give them options. I wish my dad and mom would have options like we give people today. And we're not going to talk a lot about that, a little bit at the end of the program. But, you know, there's a lot of hopelessness that people lose when they're going and get for close on. Well, I think a couple of the points that you're mentioning here really tie in and kind of build

upon each other, unfortunately, in a negative way, because you mentioned depression. Well, if this process is happening and the embarrassment starts because of what we've mentioned, then all of a sudden, you're starting to get depressed because it's like, why did this happen? And then the impact on relationships, like you already mentioned, like the blame games. Well, like, well, and maybe it's not even the, you know, aggressive blame. Like, you shouldn't have done this. But maybe you're just sitting there going, why did I buy that car? Why? What if I could have taken some more overtime hours? What if this? What if this? And sometimes things just happen and you're not able to put a, you know, a reason why. So I think that that, that impact on relationships is huge. And if you, if you really and I'm, you and I'm, you and I'm, you and I'm, you and I'm, you and I'm, you and I'm, you and I'm, you and I'm, you and that, that, that then starts a, a, a, a, a good.

downward path that's that's hard to recover from. Oh, absolutely. And, you know, now we're talking to it. There's another thing that we've seen people go through when they're facing foreclosure is steering the headlights. You know, they're still in denial that the bank's going to foreclosure. I mean, they do nothing because they are stunned. They don't know what to do. And so they do nothing. And doing nothing is the worst thing you can do when you're facing foreclosure. Yeah. Well, let's talk also a little bit about that hopelessness for the future because it's hard for someone to go, well, it just happened and that's the way that it is. And let's move on. And I'm sure it won't happen again. But unfortunately, many times people go, okay, this happened. It's depressing. I'm embarrassed. And it's, that's just me. I'm just a, you know, bad luck always finds me. And I guess the next place, you know, maybe I'm going to start. for a while, but I guess maybe I'm going to get evicted. And so all of a sudden, that negative spin on your very next steps really can impact, you know, your next move. Absolutely. And, you know,

not to mention we talked about many things that foreclosure can, can, the impact that can have on people, but think about this, Mike. You know, how many studies have been done where, you know, when you're stressed out emotionally, you know, it can cause chronic, you know, chronic stress, like foreclosure, cause physical health implications. You know, insomnia, just to name a few, headaches, exacerbation of existing health conditions. You know, there's a lot of people that have autoimmune. There's studies out there that show that stress will cause people autoimmune to have flare-ups,

is what they call them. And we've known several people that have had autoimmune type problems. So, you know, there's a lot of things that, you know, going through the stressful foreclosure, process causes people. And so we're trying to give them a brighter future and give them some options. Yeah. You know, the physical stuff is just unbelievably powerful.

And it's, in my opinion, just hearing you describe that, it's not like it is just a one-off, meaning it's not like, oh, I stub my toe. It hurts really bad, but two minutes later, I'm good. This is something where it's probably been building up because you, you got laid on one payment, then you got laid on another, then the whole process and all of these things where it's this elongated time frame. And then to your point, it can amplify any other things you have going on. And most people have something happening.

And then it just makes it worse. So talk a little bit about how all of that is tying together to really, it's not just a one-time event. It is a long-time event. And then dealing with and moving past it, even if you've, you know, moved out and moved into the next place, you're still having those memories, kind of like what you were talking about before, like, oh, the blame game. And then that is keeping those physical effects still kind of simmering. Yeah, you know, it's a seven years, you know, foreclosure will show up on your credit

for seven years. And so, you know, you probably won't be able to get a home for at least five years because people will lend to you. So not only you're going through the emotional effects of having and watching your house get foreclosed on, and having a vacate home that you have maybe, hopefully many joyful memories in. But then you're living with seven years later a foreclosure. And so you're right. It's a process that just lingers on and on and on. Yeah.

Well, so now we've kind of established the fact that this process, which is not fun, has the devastating effects of how it impacts us emotionally, which then trickles over into the physical. What are some of the solutions? What is it that you guys come alongside and help people with? Well, Christine and I were sitting down one day and going through some of the challenges people go through because I also do financial planning. And, you know, there's a lot of challenges people are facing right now. But as we start seeing the economy start going down, you know, I knew that there's going to be a lot more foreclosures. And, you know, instead of just going by houses for cash, which a lot of investors do, we sat down and we came out with a great.

system that really does help the homeowner. And I was going to have Christina explain a little bit about our More Money for You program where we can help people. Yeah, so Kevin and I can offer options to help people avoid foreclosure and possibly even put a substantial amount of money into their pocket so they can have a brighter future. We have a program called the More Money for You program that we use. But we also have the ability to just purchase the home as is, or if they'd like to partner with us, we'll renovate the home, sell it, and then share a portion of the net profits with them. This approach just allows the homeowner to get more money and possibly stop having the foreclosure on their credit. And it gives them the ability to, you know,

go find another place to call home and settle down and start over again. We cover all the expenses and the homeowners can benefit from sharing of the profits. And our goal is to assist people during challenging financial times and help create a brighter future with them. So, Christine, I know that every case is different and you can never say, here's the way it works every single time. But you just laid out a couple of different options that I've never heard in the foreclosure realm before. Because most of the time, it's like, oh, let's do this quick claim deed and get out. or here's this small amount of money and get out. And in the case of a certain house where it might be worth a lot of money and then you'll,

let's just pick half of what it's valued at, boy, that homeowner is walking away from a huge opportunity that they cannot take advantage of because they're behind with payments and they don't have maybe some renovation money. So you guys are coming alongside to say, what is going to be helpful for you guys to help prevent this emotional distress to help you get on a better footing. And you're literally able to front the money and catch up the payment and do the renovation and then sell it. And then you've done all the heavy lifting. And then you're sharing some of the profit back with them. And that's unheard of. I've never heard of that in the industry.

Well, not yet until they met the mighty team of Christina and Kevin, Mr. Saunders. And what we're talking about when Christina said, you know, it could be substantial. You know, we could be talking close to six figures, of putting close to six figure sometimes in people's pocket that's depending on their situation. So we're not talking just about a little bit of money. There'll be situations out there where homeowners have enough equity and where we can put, like I said, hopefully six figures or maybe even more, right? Christina in certain circumstances in their pocket, not all the time, obviously. but many times it's more money than just walking away from a house with none. Yeah.

Because you see those examples of the bank out there. They just went to auction and the bank has it and it's like, wow, you, that money, if it's 50,000, 40,000, 20,000 or six figures, that money's going to somebody and may as well go to the group you guys and the homeowner to have a nice fair split. But I just think that that's the thing that people don't realize. You might have been living in the house for 10, 15 years and have just a nice amount of equity. Boy, if you just have someone that says, here's a small amount, just leave, you personally are missing out on a lot. And you might feel like, well, that's all I can do.

I'm being foreclosed on. But this is a different kind of hope that's out there. I think that is just spectacular. Yeah. That's our goal. Well, any final thoughts? I mean, this has been really enlightening. And I really can tell that you guys care about people.

You're not trying to come in and just say, you know, here's a low ball offer and just leave. You really have taken the empathetic approach. What's some final thoughts that you guys would have? And then also, if someone is interested in learning more and reaching out and connecting with you, what's the best way that they can do that? Yeah. So if they're interested in learning more about our foreclosure rescue kit, they can call us at 720-779-53550. or they can email us at your Options89 at gmail.com. Or if they just want to learn more about our company,

they can visit our website at www.w.orghumperfuture.com. Excellent. Well, guys, thank you so much for coming back on and talking about this really important topic. I really appreciate your time. Thank you, Mr. Tigers. Have a great day. You've been listening to Influential Entrepreneurs with Mike Saunders. To learn more about the resources mentioned on today's show or listen to past episodes, visit www.com.