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Video instructions and help with filling out and completing When 8850 Form Payable

Instructions and Help about When 8850 Form Payable

So here we are, the mortgage foreclosure crisis. That's where public exposure is investigating, and what we've done is we've gone out and found an expert in how to recover from the financial revival group. Howard Bono, welcome to the show. Thanks, Stan. Howard, the financial foreclosure crisis we're going to show up on the screen, you know, a picture that so many people have probably seen, which is the side of a house which is helpful closure. What does the financial revival group do? Our job is to educate people that are upside down in their homes. Latest statistics have shown about twenty-five percent of the people that have a mortgage on their house currently are upside down in their house. Twenty-five percent, one in four. That's the public statistic. If you go to Detroit, it's sixty percent. Yeah, so I mean it varies from different parts of the country. Locally here, about one out of four. And so I think that's a statistic, actually that's amazing. I live in Seattle and one in four houses as I go down the street are probably underwater. Those are the ones with a mortgage on. So there are about 70 million homes in the country, and about a third of those, interestingly enough, are owned outright. Yeah, yeah. So it's one out of four locally here, and what we're dealing with is a situation that we as adults never thought we were going to get into. And so now we've got this whole huge, huge group of people, rapidly growing group of people that really don't know what to do. Well, let's talk about some of the individual issues then that they're going to have to deal with. By the way, we're not selling anything here, but if you were to...