Bush Administration Rolls Out Wimpy Mortgage Assistance Plan
The Bush administration today rolled out a plan to help homeowners in trouble with their mortgages. While proclaiming big help the plan does not go anywhere near far enough to help those in the most trouble.
Homeowners 90 or more days late in their mortgage payments, owe at least 90% of their home’s current value, live [...]
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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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Consumers Feel the Next Crisis: It’s Credit Cards
Indeed it is. If you’re not in top shape for the credit card shakeout that’s already taking place, there isn’t much you’ll be able to do about it. It’s probably already too late. After years of flooding the market with credit cards (and generous limits), banks are finally starting to take it back. Eric Dash, a New York Times reporter, does an excellent job of distilling the situation. From
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Good Decisions to Get Out of Debt Come From Good Information
The UK is facing tough economic times and consumers are scrambling on what to do to best deal with uncertain financial times. The best answer at times like this is always to have more money each month magically fall from the sky. Wouldn’t that be great!
But life doesn’t make money appear from nothingness, does it? [...]
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Jeffrey Writes in About Mortgage Company Ethics
“I have a quick question for you. What do you think of the sale of mortgages when consumers have no say over who the ultimate buyer of their mortgage will be? Say, you have a problem with one of the banks caught up in the sub-prime lending issues and your new mortgage with one of [...]
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