Are you upside down in your mortgage and do not know how to deal with it? Are your credit card bills mounting with high finance charges and late fees? Is your stress meter pretty much pegged? We are all facing moderate to severe financial challenges in this economy. Most [...]
Financial stress is a common problem if you are forced into a frugal lifestyle due to personal crisis such as a death in the family, loss of a job, divorce, mounting credit card bills, etc…If not controlled, this can lead to depression, feelings of fear and anxiety, as well as insecurity.
How you deal with these [...]
Principal reduction is something all of us would like to participate in during this housing crisis. Do lenders really do this? Countrywide has been offering principal reductions to borrowers who fit the criteria for this loan modification option. Here is the deal…eleven states were involved in a class action lawsuit against Countrywide claiming that [...]
Undergoing the hardships and stress of losing your home can be overwhelming. There are a number of options to consider no matter which direction you choose…
Some important things you should be prepared to avoid if you find yourself considering foreclosure…beware of foreclosure scams:
*Scam artists often target homeowners who are struggling to meet their mortgage commitment [...]
What is a Beacon or FICO score? How is it used by creditors to determine your credit worthiness?
Fair Isaac Company created the Beacon FICO score which is the most commonly used rating to determine credit worthiness and financial strength. Your credit score is the number one criteria used to determine what interest rate you will [...]
If you are in trouble financially due to the housing market crash…there are a number of things you should consider, especially if you have defaulted on a note to a lender.
The note involved in a foreclosure or repossession is an “I Owe You”; a promise and an obligation for you to pay the debt owed [...]
Use the right tools. Asset protection is part art and part science. Certain methods will work. Certain tools are appropriate, while others do not make sense. It is important to have a shrewd professional skilled in asset protection to structure your protection.
If you are located outside of Nevada, be aware [...]
