Tag Archives: lender
- Chapter 8 – Your Money is Your Friend
TABLE OF CONTENTS Chapter 1 – I Got Hit in the Head With a Baseball and I Saw it Coming Chapter 2 – What Your Money is Trying to Tell You Chapter 3 – Take a Lap on the Gerbil Wheel of Debt Chapter 4 – Why Money Doesn’t Make You Happy Chapter 5 – [...]
- Our Debt is From IVF Treatments But We Are Also Underwater On Our Mortgage. – Rob
“Dear Steve, Key Points. Combined 150K salary with wife. 47K in CC debt (9 different accounts – all APR at 11% and below. 8k loan (0% interest for new windows for house). 80/20 mortgage with first loan I/O ARM (reset Feb 2012, at 6.75%, balance is 284K. Second mortgage at 8.58%, balance is 69,842. 38k [...]
- Mortgage Lenders Start to Foreclose but Stop to Leave Owners On The Hook
I just finished reading a really great article titled “Lenders Abandoning Foreclosed Properties” that was eye opening. Apparently lenders are beginning the foreclosure process, the home owner moves out, but before the foreclosure sale is finalized, the lenders are halting them. This seems to leave the home vacant and still the financial responsibility of the [...]
- How Can I Join Your Kiva Team to Help Others? – Morgan
Morgan “Dear Steve, I’m interested in joining your Kiva team. Is there a minimum donation required? Morgan” The Answer: Dear Morgan, Kiva, for those that don’t know, is a non-profit group that assist small businesses around the world with small microloans, as little as $25. These loans are issued by local in-country lending partners [...]
- Loan Modifications. More PR Than ER. 57% of Monthly Payments in Modified Loans Are the Same or Higher.
According to a recent study of loans that were modified by lenders, only 29% of loan modifications made at the end of last year actually reduced borrowers’ payments by more than 10 percent. Now this is a good news, bad news story. The good news is that some loans did receive some needed modifications. The [...]
- 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, [...]