Archive for February, 2009

Tips to Avoid Foreclosure - Saving Money at the Grocery Store

When the thought of facing foreclosure and possibility of losing your house runs through you mind, you probably are trying to come up with ways to avoid foreclosure, which means one thing: having the money to pay the mortgage bill.  Every little penny matters and can help make the payments.  If the possibility of foreclosure […]

Foreclosure: Facts and Fiction

How many times have other people told you certain things which just weren’t true?  You may have even believed them for some time, because they said it so convincingly.  But after doing some research of your own, you realized they were completely wrong.  It could have been about anything: who won the World Series in […]

Know the Truth in Lending Act to Defend Against Foreclosure

One of the most difficult parts of lending law, but one that is vitally important to know for homeowners who believe they have been victimized by a bank, is that of the Truth in Lending Act, or TILA. The Truth in Lending Act was first implemented in 1968 and was designed to protect borrowers in […]

What happens When You Default On Your Mortgage?

This may be a time where you a hurting for money.  You are living paycheck to paycheck, barely paying the bills at the end of the month.  Thoughts might be going though your head, like ‘what happens if I miss a mortgage payment, will I lose my house to foreclosure?’  This is a great question […]

Simple Video Explanation of the Housing Collapse and Credit Crisis

Below is a great video explaining much of the so-called credit crisis and how the government and the banks have destroyed the American economy through a series of actions, exhibiting both fraud and incompetence. It is a highly recommended video for an overview of how Wall Street and Washington preyed upon Main Street to inflate […]

Tips to Pay Your Bills on Time During the Recession

Sometimes it starts with a simple mistake. The bill from the phone company gets misplaced one month. Maybe the electric bill fails to show up, lost in the mail for the next decade. But next month, the bill is more than twice the amount expected, and the company has added expensive late fees. The representative […]

Pre-Foreclosure Sale-The Pros and Cons

If you are facing foreclosure, then you are likely looking into options to get out of it.  One you may have seriously considered is doing a pre-foreclosure sale on your home.  If you are still in the early foreclosure stages then this is something to seriously consider.  A pre-foreclosure is when you sell your home […]

Government Bailouts and Foreclosure Relief Package — Who Gets Hurt?

“The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”
-Henry Hazlitt, Economics in One Lesson
With each new economic stimulus package, direct industry or corporate bailout, […]

When To Hire A Foreclosure Lawyer

As most everyone knows now foreclosures in America are hitting an all-time high.  Most people either know someone who has been foreclosed on, or are facing foreclosure themselves.  The whole process can be quite overwhelming, and figuring out which direction to go can waste pressure time, that should be used to save your home.  If […]

Mortgage Options When Facing Foreclosure

When facing foreclosure one of the first things most people consider doing is to look for is to restructure their mortgage.  This a great option to try and do if you meet the minimum requirements; otherwise you’ll just be wasting your time when there may be better solutions for you to avoid foreclosure.
With the ever-increasing […]

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