Salt Lake City, UT / February 15, 2007 / Press Release / --  A traditional home buyer seeking a better way of life for their family is steered into an exotic mortgage with predatory terms.  Terms that will almost certainly guarantee financial loss and damage to credit. 

A uninformed real estate investor at the direction of a mentor or licensed real estate professional is steered into purchasing an investment home.  At the purchaser's current income level the investment home is out of each.  But further lured by the tale of a fictitious third-party who will be purchasing the home via a lease option, the consumer moves forward with the investment.  Within days or months the so-called third-party buyer never materializes and the burden of making the monthly mortgage payment now falls on the shoulders of the consumer. The result - a home in foreclosure and yet another individual or even worse multiple family members unnecessarily find their credit damaged.   

Situations like these happen on a daily basis in the world of real estate and whether consumers realize it or not, credit is usually the first thing to go.

"Often we have consumers that contact us because they've gotten behind on their mortgage and need immediate help not only with housing issues but also in dealing with issues involving their credit," says Sheri Fitzpatrick, CEO of Perfect Home Living.  "Our alliance with AAA Fair Credit Foundation will enable consumers a well balanced supporting cast in helping consumers get back on track not only with problems arising from housing issues but credit issues as well," Fitzpatrick added. 

AAA Fair Credit Foundation is a 501(c)(3) nonprofit that specializes in personal finance education and credit counseling services.  AAA Fair Credit Foundation's overall goal is helping individual consumers and families become economically self-reliant through educational products, services and research supporting financial literacy.

"We realize that unexpected events can cause overwhelming financial distress as in the cases of individuals and families burdened by real estate fraud and predatory lending," says Preston Cochrane, CEO of AAA Fair Credit Foundation. "Working together in partnership with Perfect Home Living will afford Utah's consumers with a unique opportunity to regain control of their lives and their financial situation," Cochrane added. 

About Perfect Home Living 

Perfect Home Living is a nationally recognized leader that assists in implementing programs and providing training to financial lenders as well as educating consumers and licensed professionals to red flags within today's  real estate market.   For more information or to request assistance please visit us online at:  http://www.PerfectHomeLiving.com