Archive for October, 2008

Three Ways to Buy a Home After Foreclosure

One of the reasons that current homeowners may be so determined to keep a house out of foreclosure is the fear that, if they default on their mortgage, they will never be able to get a new home again, or at least not for a decade while the foreclosure is on their credit report. But […]

Personal Responsibility? In America? For Financial Decisions? Please.

So far, both major candidates for the US presidency have offered to use government power to step in and solve the foreclosure crisis, despite the fact that every step that the politicians have taken so far has proved counterproductive. When did both candidates give up their belief in personal and corporate responsibility? But they are […]

Four Waves of Foreclosure: Subprime, Recession, Option ARMs, and Property Taxes

Many of the commenters the constant bailouts of Wall Street and the banking system all seem to believe that inflating the currency, manipulating interest rates, and providing welfare to corporations will somehow stop the foreclosure crisis and allow the housing and stock markets to recovery. Unfortunately, this is not the case, and there will be […]

Accept The Blame, Learn From Your Mistakes, And Move Past Foreclosure

Every week I hear hundreds of excuses about why a home was lost to foreclosure. As it turns out, according to the victims, someone else is always to blame. In 12 years of providing this type of help, I’ve only heard a handful of people say it was their own fault, even though nearly all […]

Foreclosure Crisis? Then Why Do News Shows Never Feature Homeowners?

Watching the mainstream news media talk about the recession, one would be hard-pressed to find any actual foreclosed homeowners who have been interviewed. Dozens of economists (up to ten at a time on some stations) are featured, while no one who has lost a home or a job makes an appearance. In fact, the bankruptcy […]

Eviction of Tenants After Foreclosure

The group closest to the bottom on the list of politicians’ list of priorities in dealing with the foreclosure crisis have been renters who have made their lease payments on time but face eviction anyway. When a landlord loses a home, renters are typically given no notice for fear that they will stop paying every […]

Seven Documentaries to Understand the US Money System

The US economy over the past year has been enduring a seemingly endless string of collapses and crises. The stock market takes wild swings from hour to hour and property values keep declining even though most people could not get a mortgage loan if they wanted to from banks that have now gone out of […]

What Steps You Should Take If You’re Expecting To Miss A Payment

The easiest way to avoid foreclosure is to never miss a payment in the first place, but it’s not always that easy. If you’ve been struggling to make your monthly mortgage payment, or paying it late on a regular basis, then you need to make changes in your monthly expenses as soon as possible.
Prioritizing Your […]

How To Save Money On Monthly Bills And Avoid Foreclosure

If you are facing foreclosure, or falling behind on other monthly payments, then it’s time to make some changes and find out where you can cut back. Often times the difference between keeping your home and losing your home is only a few hundred dollars a month. Most families can find an extra $500 to […]

How To Repair Your Credit After Foreclosure

Foreclosure victims often think that buying a home after foreclosure is easy, but in reality, it’s nearly impossible! Today, most of the lenders that provided loans for sub-par borrowers are out of business. They provided “creative” loans for someone with less than perfect credit and many of them failed because of it. In order […]

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