From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: 81,312 Foreclosures in September. More Than Just a Number.

From How to Get Out of 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 [...]

Read the full article at GetOutOfDebt.org, click here: If You Live In The Real America, Be Patriotic. Go Shopping And Run Up Credit Card Debt.

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: What Would Happen if I Got a Mortgage With My Bad Credit Boyfriend? – Shelly

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: Mortgage Lender List of Loss Mitigation Contacts That Can Help You Avoid Foreclosure

From How to Get Out of Debt

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” [...]

Read the full article at GetOutOfDebt.org, click here: Bankruptcy Judges Should Have the Power to Modify Mortgages

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: Worth Reading – New Tack in Default Battle: Cutting Mortgage Principal

From How to Get Out of Debt

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 foreclosure. Con [...]

Read the full article at GetOutOfDebt.org, click here: How to Avoid Being Scammed by a Foreclosure Rescue Promise or Plan

From How to Get Out of Debt

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. [...]

Read the full article at GetOutOfDebt.org, click here: Some Interesting Ideas To Try To Bribe You To Spend, Spend, Spend

From How to Get Out of Debt

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 . ...

Read the full article at GetOutOfDebt.org, click here: In this economy, layaway is in vogue

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: I Couldn’t Help Myself, I Had to Look At The Local Foreclosures

From How to Get Out of Debt

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, [...]

Read the full article at GetOutOfDebt.org, click here: David Writes In “I’m About To Lose My House”