If you are having trouble keeping your home out of foreclosure, and your lender is offering you no help in restructuring your mortgage, you may qualify for court mediation. Through the new national economic stimulus plan, judges can act as a mediator between you and your lender to arrange a win/win solution - which will allow you to keep your home, while your mortgage company continues making money on their investment.Obama's Plan, Derived from...more
1.8 million homes were foreclosed in 2008. Millions of homeowners are expected to enter into foreclosure in 2009 and 2010. Rather than face foreclosure and suffer an eviction from your home, is there anything you can do to prevent the situation from escalating?Indeed, there is! You can ask to change the terms of your mortgage. Mortgage lenders are not in the business of repossessing and re-selling homes. The cost of foreclosure with attorney's...more
With the new mortgage bailout plan, many homeowners are questioning whether or not they should continue to pay their mortgages. If you do make your mortgage payments on time, can you still receive help from the proposed mortgage bailout plan?The answer to this question is a definitive "maybe." With the economic stimulus bill that passed into law by President Obama, $75 billion will be allocated towards preventing four million homeowners from losing their home. However, neither paying nor stopping your mortgage is an automatic qualifier for help through this program.How Will the Bailout Plan Work?In 2008, over 1.3 million homes foreclosed as owners were unable to meet their monthly mortgage obligation. Most of these foreclosures were a result of either job loss or an adjustable rate mortgage (ARM) payment ballooning beyond affordability. Millions of more homes are expected to enter into foreclosure over the next few years.Mortgage companies are not in the business of repossessing homes and selling them. However, they can be hesitant to restructure a mortgage with a homeowner without the proper financial means to repay the principal and interest each month. With the new bailout,...more
If you have stopped making your mortgage payments, how long you can stay in the home becomes a looming question. Depending upon what state you live in, as well as your lender's foreclosure procedures, it could take months, or even years, for the foreclosure process to end in an eviction.Foreclosure is a stressful process. You are constantly...more
Are you one of the millions of Americans who fear that company cutbacks may cause you to lose your job? With the national unemployment rate at the highest in 26 years, touching 8.1% in March of 2009, it is expected that millions of more Americans will lose their jobs this year before the economy gets better.Though you may not be able to predict the...more
National jobless figures released in March 2009 have revealed that the national unemployment rate stands now at 8.1 percent - which is the highest it has been in 26 years. Among those recently laid off or unemployed are millions of homeowners who still have to meet a monthly mortgage obligation, regardless of their job status. But is there something that a mortgage lender can do to help the unemployed during this economic crisis?Mortgage lenders are usually willing to work with a borrower during a financial hardship, and all one has to do is ask. Rather than face the extreme expense of foreclosure on a home, a mortgage lender may offer some type of temporary adjustment, moratorium, forbearance, or even a permanent loan modification to help keep a borrower's loan current and out of default.Interest Only PaymentsOne option a lender has is to agree that a borrower may make interest-only payments for a temporary time period. Depending on how long you have been paying on an amortized mortgage, you could save hundreds per month by paying only the accrued interest on your principal balance. If you just acquired a 30-yr mortgage last year, however, don't expect to save much since most of...more
FAP Turbo has come to be the most profitable automated Forex Trading Robots in the history of the Internet in an extremely short time. Why is this and what does it imply for you? Well, FAP Turbo (Foreign Exchange Autopilot, in case you want to know)...more
Making Home Affordable is a new government program designed to help keep people in their homes by lowering monthly mortgage payments for qualifying homeowners. The plan is projected to help somewhere between 7 and 9 million homeowners all across the...more
More from this Author at http://www.mytradesignals.comMany people enter into trades with little more than a desire for profit. In Forex we normally use between 50 - 400 to 1 leverage. Because of the large amount of leverage we are able to use, simply...more
An economic downturn is a phase of the business cycle in which the economy as a whole is in decline.This phase basically marks the end of the period of growth in the business cycle. Economic downturns are characterized by decreased levels of consumer...more
Due to an increase in reputable online payday loan providers, payday loans are now more convenient, safe, and easily accessible to many potential borrowers. Through increased security measures and simple application procedures, more people with...more
Payday loans have some of the highest annual percentage rates, or APRs, in the short-term loan market—some at 300% or more. Some consumers are concerned about these high rates, and often those in opposition to the payday loan industry use these...more