Chapter 8 – Your money is your friend Once you slow down your consumption of material goods and learn to find happiness within yourself, you will find you have more money to save and invest. You will be able to do much more with what you have and you will be surprised that more will follow. Your external wealth will ... Read More »

“Dear Steve, My husband and I are in bankruptsy, we have a 3 year plan with one year left on the plan. Our mortgage company has us on an ARM and wont remodify our loan. How can we get out of chapter 13 and get into a fix rate mortgage? Carolyn” The Answer   Dear Carolyn, I’m afraid it isn’t ... Read More »

Jacob “Dear Steve, My parents were sued by a mortgage company that took over the house they lived at (almost a year ago). The landlord at the time went with my parents to court. She agreed to pay the settlement ($2400). We got her to sign an agreement with her saying that she would pay the amount. My parents signed ... Read More »

ConfusedSD “Dear Steve, In 2005 my wife and I were both working and bought a house. The original value of the house was $1mm+, we put over $250k down, and we were both making more than $250k combined. In 2007 we both lost our jobs and were unable to find employment that paid as well as our last jobs. Last ... Read More »

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 owner that thinks they lost ... Read More »

Phyllis “Dear Steve, We bought a house three years ago – ARM, two mortgages, total payment 2562. One year after we purchased the house, we were in the middle of refinancing when my husband lost his job. He was unemployed for four and a half months and we had to use our retirement to keep our bills current. My husband ... Read More »

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 bad news is that for ... Read More »

Reta “Dear Steve, Mortgage company disappears without claiming foreclosure, violated RESPA, never contacted us after obtaining the loan, never sent monthly statements, contacts us after we find them, then tells us they will work out a plan, we send in a payment…3 weeks later they send it back, say they are filing bankruptcy, and never did, and now its been ... Read More »

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 have been hanging ... Read More »