| (Published: Tue, 01 Aug 2006 08:46:22 -0500) |
| Loans : Teasing Me, Is Not Pleasing Me |
| Teaser rates on variable mortgage products looked great at the beginning. Borrowers are starting to come out from the affect of the ether and waking up to a rate that is in some cases DOUBLE from where they started. A lender would offer ½% to 1.0% below Prime rate (currently just increased to |
| Directory: Loans |
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| (Published: Tue, 01 Aug 2006 08:48:36 -0500) |
| Student Credit : Opiate-Like Addiction Besets U.S. College Campuses |
| Parents and students alike have prepared for this first day of school in college. The hard studying and sacrifice have brought them to their first day of college. Years of preparation and planning have set the stage for what lies ahead to obtain the brass ring, a college degree in their chosen field |
| Directory: Credit Repair |
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| (Published: Thu, 17 Aug 2006 08:29:55 -0500) |
| RepoMan Cometh… Notice of Default Received… Now What? |
| As the economy cools, mortgage foreclosures increase. Mike and Margaret had worked hard for all of their 10 years of marriage. During that period they had some rough patches and vowed not to get jammed up on their finances again. Mike from time to time would take a part time job to help make ends me |
| Directory: Finance |
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| (Published: Fri, 11 Aug 2006 08:26:18 -0500) |
| You Have No Credit… Have A Job & Want To Buy A Home |
| Many working people in the U.S. have no established credit, but want to own their own home. They never held a credit card or bought a car with instalment payments. There is no credit score with any bureau. It’s almost like they are leaving ZERO financial footprints as they traverse through li |
| Directory: Credit Score |
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| (Published: Thu, 17 Aug 2006 10:45:18 -0500) |
| Mugged While Sleeping… Leads To Credit Repair |
| On the way home from work, Tom looked at a short list on his “to do list” and began sequencing the list into a logical travel pattern to minimize crisscrossing. Sunday grilling with family and guests were an important event around the pool while cooling off and just chilling and relaxing |
| Directory: Credit Repair |
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| (Published: Fri, 25 Aug 2006 16:48:29 -0500) |
| Dumpty Humpty Sat On A… Winning With Credit Repair |
| When Dumpty Humpty fell off the wall the creditors started calling and sending threatening letters all about what they were going to do to you and your credit. With speed dialers and predictive dialing systems there is no escape from this onslaught of harassment. Only a positive and proactive plan c |
| Directory: Credit Repair |
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| (Published: Tue, 24 Oct 2006 11:37:16 -0500) |
| Buyers Being Creative In A Soft Real Estate Market With A Challenged Credit History |
| The stars have lined up against many would be buyers with the amount of baggage they bring to the table in the way of challenged credit. They want to buy something. They need to buy something. Whether it be a recent bankruptcy, repossession, foreclosure, large medical bill collections, identity thef |
| Directory: Loans |
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| (Published: Fri, 15 Sep 2006 13:27:42 -0500) |
| Mortgage Credit Repair After Experiencing Mortgage Servicing Hell |
| First Frank and Janet thought it was a simple error. Their mortgage had been recently sold to a new company with a new servicing company. As with the prior lender, they had sent in their mortgage payment by way of a personal check between the first and the fifteenth of the month and the payment had |
| Directory: Credit Repair |
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| (Published: Tue, 26 Sep 2006 09:44:32 -0500) |
| I’m Not Digging “Triggering” My Credit |
| It started out innocent enough; Pricilla had refinanced her mortgage many times in the past. First, when she bought her small two bedroom one bath bungalow in an up-trending neighborhood, with a local sponsored low down payment program. As a single woman it was a challenge with her income level at t |
| Directory: Credit Repair |
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| (Published: Sat, 30 Sep 2006 06:34:49 -0500) |
| The Chickens Come Home To Roost & When The Dust Settles - Lender Discovers Mortgage Fraud |
Things were going great. Work was great. The economy was smoking and people reportedly making a killing in real estate. “Flipping” this property, buying this one, selling that one and just living the “American Dream” to the fullest. It was the best of times.
At |
| Directory: Credit Repair |
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| (Published: Fri, 20 Oct 2006 09:40:09 -0500) |
| Credit Card Creep + “Universal Default” → 125% |
| It was one of those extra special Saturdays with a crisp coolness in the air. The sun was shining brightly through the front windshield so much so that the visor had to be lowered. Having left early from his part time job, Travis stopped at a convenience store to pick some beer and food. Three frien |
| Directory: Bankruptcy |
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| (Published: Fri, 10 Nov 2006 15:20:06 -0600) |
| You Can’t Steal In Slow Motion : Real Estate Deals Wait For No One |
| Charlene and her daughter Tanya wanted more out of life than their small two bedroom one-bath apartment could provide. Tanya had been begging for a cocker spaniel puppy for two years now. Apartment rules would not allow a dog. The laundry facilities were downstairs and at the far end of the building |
| Directory: Finance |
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| (Published: Fri, 01 Dec 2006 09:10:06 -0600) |
| 100% Mortgage Financing With A Lowly 500 Credit Score? |
| The financing vehicles have been in place for several years now for a borrower using some creativity with a seller to make 100% financing possible. However, the real estate market had been so hot in many areas in the U.S. the sellers did not have to even entertain anything resembling creative financ |
| Directory: Mortgage Finance |
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| (Published: Fri, 08 Dec 2006 13:51:44 -0600) |
| So You Agreed To Take A Seller Held 2nd Mortgage... Now What? |
| With any soft real estate market the seller needs to be more flexible to move the property. If a seller is motivated to sell and tells the world through say an Multiple Listing Service (MLS) and is offering to pay all the buyers closing costs and prepaids and perhaps hold a second mortgage will gene |
| Directory: Mortgage Finance |
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| (Published: Wed, 13 Dec 2006 09:32:20 -0600) |
| The Second Oldest Profession… Barter & Trade |
| After finishing a course in 1031 Tax Free Exchanges in the early 70’s the first deal put together on this “revolutionary” means of doing business was a “NON Qualifying 1031 Tax Free Exchange” using “pure boot”. This was not “like property”. A bui |
| Directory: Bankruptcy |
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| (Published: Fri, 15 Dec 2006 11:10:39 -0600) |
| A Thief Is A Thief…Wrapped In Electronic Sheep’s Skin |
| You pass them everyday going to work, coming home from work, going out for lunch, running an errand, shopping for groceries, hard working people are engaged at earning a living to feed their families and provide shelter for their care. Many lead structured lives dropping children off for day care an |
| Directory: Credit Cards |
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| (Published: Fri, 22 Dec 2006 10:33:29 -0600) |
| Warning Labels Mandated For Credit Cards |
| Listening to a late night radio recently there was a committed follower of the talk show host who was exclaiming that after taking the cure for piling up significant debt that after 5 years of work, the couple was debt free. The caller came from the painful pile of debt ranging from credit cards, mo |
| Directory: Credit Cards |
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| (Published: Wed, 10 Jan 2007 11:00:43 -0600) |
| Upside Down…Turned All Around…After An Auto Accident |
| The TV commercials are all over the networks showing two friends chatting away oblivious to what is happening around them and WHAM another car smashes into the them while air bags are going off with blank looks coming from their faces. The ad’s apparent purpose is to demonstrate how safe this |
| Directory: Insurance - Auto Insurance |
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| (Published: Thu, 04 Jan 2007 11:24:11 -0600) |
| Flipping Properties In A Drastically Down Market |
| In earlier years, “Flipping” was a negative term utilized by governmental agencies to designate a mortgage fraud situation where there was massive collusion between straw buyers, appraisers on the take, title companies and other players all committed to defrauding a lender and making ill |
| Directory: Finance |
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| (Published: Fri, 12 Jan 2007 11:41:05 -0600) |
| Municipalities Killing The Goose That Lays The Golden Eggs |
| Areas of the country that have enjoyed a big run up in values the past year are now paying for it. Local tax assessors doing their jobs, based on comparable sales, are moving assessed values up to increasingly high levels. Housing affordability is a function of interest rates, housing prices togethe |
| Directory: Finance |
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| (Published: Fri, 19 Jan 2007 13:54:27 -0600) |
| The Mark Is Selected…The Fix Is In…Sting Underway |
| Trevor showed up at an open house party held by a local Realtor, Mary, for a new homebuyer. Several neighbors had dropped in for the welcoming event. A friend of the Title Company who had closed the loan for the new homeowner had invited Trevor to the gathering, as he was new in town and had stopped |
| Directory: Fraud |
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| (Published: Fri, 26 Jan 2007 14:53:05 -0600) |
| Honey…The Bank Is On The Phone…Since We Were Two Days Late On Our Payment |
| There is just too much at stake for the lender and the borrower. Being proactive is the rule of the day. In the area of Adjustable Rate Mortgages, lenders are pre-empting “payment shock” by calling months ahead to determine the budget status of families looking down the barrel of a huge |
| Directory: Bankruptcy |
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