Under the current rules for the federal program, servicers have been barred from conducting a foreclosure sale if the homeowner requested a modification, but are allowed to push along the process, even set a sale date. That allows them to foreclose more quickly if they determine the homeowner doesn’t qualify for a modification. As a [...]
Entries from May 18th, 2010
Can’t Get a Loan Modification? Buy Your Home Back in a Short Sale
May 18th, 2010 · 15 Comments · Mortgages
Tags: foreclosure·loan modification·Making Homes Affordable Program·realtor commission·Short Sale·turned down for modification·US Treasury Dept.
Congress Wants to Cut Cost of Using Plastic
May 17th, 2010 · No Comments · Credit Cards, Debit Cards
Congress is stepping in to stop the charging of disproportionate fees for using plastic at ATMs and in the check-out line.
What Happens if I Stop Making Payments on My Auto Loan?
May 14th, 2010 · No Comments · Auto Loans
Q. What happens if I stop making my car payments? A. If you don’t make the payments, the lender will repossess the vehicle. It will then be sold at auction and you will be responsible for the “deficiency balance” – difference between what you owe and the auction sales price. Losing your car to a [...]
Tags: Auto Loans·Car Loans·car repossession·collections·Credit Score·debt settled·deficiency balances·Short Sale
Top 10 Ways to Save on Your Wedding
May 13th, 2010 · 3 Comments · Budgeting
Why start out your brand new life together with maxed-out credit cards. Here’s 10 practical, creative tips for saving money on your wedding expenses.
Tags: Credit Cards·save money·wedding
