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Revisiting The Mortgage Forgiveness Debt Relief Act of 2007

September 16th, 2008 · 1 Comment

Although this Bill was signed into law by President Bush back in December 2007, it’s contents are significant enough that it warrants re-emphasis as we enter the final quarter of the year 2008. With home foreclosures continuing to rise to unprecedented levels, many affected homeowners are not even aware of the potential ramifications of this […]

Popularity: 20% [?]

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Tags: Consumer Debt · Mortgages · Real Estate

How many points will my credit score go down with a foreclosure?

May 12th, 2008 · No Comments

Since foreclosure rates are going through the roof, I am getting this question a lot lately. If you are faced with this situation, you’ll probably want to know how big a hit your credit is going to take.
My typical answer to all things score related is “if I knew the answer, I’d […]

Popularity: 10% [?]

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Tags: Credit Reports

Foreclosures up 57%?

April 15th, 2008 · 1 Comment

Well, actually, you have to read the fine print. They are up 57% from one year ago. But March’s figures were up 5% from February, so no matter how you slice it, things are getting bad. And I predict they will get worse.
According to a Reuters story today, the 4 top states for […]

Popularity: 5% [?]

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Tags: Credit Counselor Front Lines