foreclosures
81,312 Foreclosures in September. More Than Just a Number.
Well the September foreclosure figures are out from RealtyTrac. And while we can look at the big, really big number and compare it to foreclosures a year ago that does not give a real understanding of the fear and loss experienced by over 81,000 families that month.
Maybe there is some hope headed down the road [...]
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If You Live In The Real America, Be Patriotic. Go Shopping And Run Up Credit Card Debt.
Have you heard the stories that the government wants us to get out and go shopping to stimulate the economy? Remember after 9/11 when President Bush encouraged people to go shopping to get things moving again?
Well I think the patriotic shopping argument may have gone too far now with Discover flying their American flag credit [...]
No, Wells Fargo, You Can’t Leave Animals To Die
Wells Fargo foreclosed on a Rhode Island shelter for abandoned animals, barred former owner Dan MacKenzie from entering the property, and seems to be just letting the animals fend for themselves , the Providence Journal reports. MacKenzie is seeking a restraining order to make the bank take care of the animals. Richard C.
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Advance Cash Loan Online Payday – PRLog (free press release)
Many people use advance cash loan online payday to avoid foreclosures, bankruptcy, bounced cheque fees and a negative impact on their credit. When the basics are fully understood, consumers can reasonably, responsibly borrow a small amount of money …
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The Credit Card as Company Store: How Congress Let It Happen – Huffingtonpost.com
Americans refinanced their houses to pay off consumer debt, and when housing values fell they were under water on their mortgages. This giant sucking sound caused more foreclosures, which caused housing values to fall even lower. The PBS show …
Free foreclosure prevention seminar – Plymouth Bulletin
One in every 136 homes in the United States was embroiled in the foreclosure process during the last three months. In the last 60 days, banks began foreclosures on 552 homes in Plymouth County; statewide, that number is 5,099. Fallout from the sub …
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A five-day marathon of mortgage help begins Thursday – CharlotteObserver.com
Call your lender, now. Don’t wait until you’re way behind. Open your mail – your lender may be trying to offer help. Experts say the No. 1 mistake people make is not communicating. As many as half of foreclosures occur without any conversation …
New law offers more protection for foreclosure victims – New York Daily News
Articles Existing home sales jump to highest level in 2 1/2 years Foreclosures hit record, to worsen Real estate market looking up: Beazer Homes posts first quarterly profit in 3 years Time to buy? Mortgage rates drop below 5% As the foreclosure …
Crunch Time for the Cartel – Financial Sense
But Consumer Debt can expand no more with Real Unemployment at 21.1% and ARM rates Resets, and thus foreclosures, rising for two more years at least. — And Government spending will increasingly be limited, with decreasing tax revenues and decreasing …
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Gartman: Here’s Why Credit Card Delinquencies Fell To 1.1% – The Business Insider
… term “clout” when it comes to demanding swift payment, and consumers have learned how to “scam the system,” making payments at the very last moment to avoid foreclosure … low and falling even as foreclosures and evictions are higher …
Debt Settlement Company Rivals Credit Counseling Debt Consolidation … – PRLog (free press release)
PRLog (Press Release) – Nov 20, 2009 – San Diego, Ca — October 4, 2009 — The U.S. recession has middle-class America under siege. Record unemployment and business failures leading to record home foreclosures, may push over 1.3 million people to …
Colorado foreclosures hit record in Q3 – Palm Beach Interactive
A Long Island woman convicted of acting as a “straw buyer” in a mortgage fraud scam has been ordered to give lectures on the perils of participating in such criminal schemes. DENVER — Colorado had a record-high number of new foreclosures in the …
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New rules for credit card companies better protect consumers – New Orleans Times-Picayune
I have heard about new rules for credit card companies that are supposed to help protect consumers. What are some of these rules and how do they help me? As if home foreclosures, a rising unemployment rate and plummeting retirement savings aren’t …
More employers are conducting credit checks – Record Searchlight
In addition to a troubled economy and a growing unemployment rate that shows little sign of improving, job seekers have another problem to worry about while job searching, their credit scores. Despite the recent influx of foreclosures, bankruptcies …
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Economist at foreclosure seminar in Cape predicts tough 2010 – Southeast Missourian
Since 2006 the number of foreclosures has increased by 2 million and the crisis is expected to continue for months, said William Emmons, an economist with the Federal Reserve Bank of St. Louis. “Is the end in sight?” Emmons asked a group of about 30 …
Affordable Prices Draw Investors to Real Estate – MSN Money
LOS ANGELES, Nov. 11 /PRNewswire/ — Affordable prices and foreclosures are attracting investors to the housing markets today, and the number of consumers interested in investing in real estate has doubled since March 2009, according to the new Move …
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Affordable Prices Draw Investors to Real Estate –Nearly Half of … – CNBC
LOS ANGELES, Nov 11, 2009 /PRNewswire via COMTEX/ — Affordable prices and foreclosures are attracting investors to the housing markets today, and the number of consumers interested in investing in real estate has doubled since March 2009, according …
Affordable Prices Draw Investors to Real Estate – StreetInsider.com
LOS ANGELES, Nov. 11 /PRNewswire/ — Affordable prices and foreclosures are attracting investors to the housing markets today, and the number of consumers interested in investing in real estate has doubled since March 2009, according to the new Move …
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Affordable Prices Draw Investors to Real Estate – CNN Money
LOS ANGELES, Nov. 11 /PRNewswire/ — Affordable prices and foreclosures are attracting investors to the housing markets today, and the number of consumers interested in investing in real estate has doubled since March 2009, according to the new Move …
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What Would Happen if I Got a Mortgage With My Bad Credit Boyfriend? – Shelly
This question was submitted to me through the GetOutOfDebt.org site. You can ask a question online here.
Because of the volume of submitted questions, I am behind in personally answering every single one. I need your help. I am publishing the question below for you to answer. Please help this person by adding your response and [...]
Mortgage Lender List of Loss Mitigation Contacts That Can Help You Avoid Foreclosure
If you have a mortgage with one of the lenders below you can use the contact information to reach the person at the lender that should be able to direct you to the special terms or programs available to help you avoid foreclosure or to come to a solution regarding your delinquent mortgage.
The contacts should [...]
Bankruptcy Judges Should Have the Power to Modify Mortgages
The sagging home values are drawing attention to a gaping hole in bankruptcy protection, the ability for U.S. bankruptcy judges to be able to modify the terms of a mortgage to keep people in their homes that want to pay.
A couple of recent article really caught my eye, “Delahunt: Empower judges to modify mortgages” and [...]
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Worth Reading – New Tack in Default Battle: Cutting Mortgage Principal
Reducing the principal on mortgages is “a last resort,” says Paul Koches, executive vice president at Ocwen Financial Corp., a West Palm Beach, Fla., loan servicer that has shrunk the amount owed on 10,884 delinquent mortgages as of Sept. 30. That is 23% of all the loans modified by Ocwen so far this year.
Ocwen estimates [...]
How to Avoid Being Scammed by a Foreclosure Rescue Promise or Plan
Foreclosures are increasing nationwide, and so are scams that promise to “rescue” homeowners from foreclosure. What these scams do is take your money, ruin your credit record, and wipe out any equity you have in your home.
Foreclosure con artists take advantage of people who have fallen behind on their mortgages and face [...]
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Some Interesting Ideas To Try To Bribe You To Spend, Spend, Spend
Here are some interesting ideas floated in a recent Washington Post article to encourage consumers to get back to what they are supposed to do best, spend. What do you think about these ideas?
Idea 1
Lower the price of consuming. State governments could suspend sales taxes, with the federal government picking up the tab. The feds, [...]
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In this economy, layaway is in vogue
In this economy, layaway is in vogue Tampabay.com, FL - 2 hours ago Consumer credit is getting tighter at a time when rising joblessness, foreclosures and prices make it harder to pay off credit card debt . …
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I Couldn’t Help Myself, I Had to Look At The Local Foreclosures
I just wrote an article about the really high foreclosure rates as reported by RealtyTrac. That really got me thinking about foreclosures in my area so I went to RealtyTrac to find my local foreclosures, and there were a lot more than even I expected, and the economy around me isn’t bad!
If you want to [...]
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David Writes In “I’m About To Lose My House”
David wrote to me at GetOutOfDebt.org and asked me for help with his debt situation. If you have a question, you can ask me for free help and advice also.
“Dear Steve,
I accepted a job in Seattle. My wife and family and home are still in Idaho. My wife is on a fixed income, and we [...]
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