Obama’s ForeClosure Plan

In another effort to stem the foreclosure crisis in the US, the house is getting ready to vote on a controversial bill that would allow bankruptcy judges to modify your mortgage!
The cram-down measure, which was introduced by Rep. John Conyers, D-Mich., chairman of the House Judiciary Committee, would allow bankruptcy courts to extend repayment periods, [...]

Are you ready for the holidays ahead? It seems that the best bargain in 2009, is a foreclosed or distressed property!
Even though the rate of foreclosure notices is slowing, according to RealtyTrac, default notices, scheduled foreclosure auctions and bank repossessions — were reported one in every 417 U.S. housing units in November. Up 18% from [...]

Millions of Americans are breathing another sign of relief this morning after learning that Congress has moved to pass another extension of jobless benefits. If approved, and it looks like it will pass quickly and easily, unemployment benefits will be extended for up to 14 extra weeks! That’s 14 weeks on top the 33 week [...]

If you need short sale real estate help, a professional attorney will be able to provide you with the level of assistance that you need. When your finances are running low and you are struggling to make your payments, you need good help right now. If you want your short sale to go through in [...]

I don’t know about anyone else, but I woke up last week and saw that Bernanke has proferssed the Recession Over, I almost collapsed with a HUGE sign of relief! I couldn’t have been alone…
“From a technical perspective, the recession is very likely over at this point,” Bernanke said in responding to questions at the [...]

You should be able to find several indispensable facts about personal finance issues and learn the answer to the question “can you be sued for credit card debts” in the following paragraphs. If there’s at least one fact you didn’t know before, imagine the difference it might make.
If you have credit card debts, but are [...]

We all have trouble paying our account nowadays. This suggests that we do not pay the full installment on our monthly bills, or that we don’t pay them at all, which places us in arrears, and then we go into debt. If you did a little bit of reading into the situation you’ll find that [...]

Economic Depression… are you one of the millions who have searched the Internet for help? According to a post at Politico, the brains behind our Government thinks that since the volume of searches for the term have dropped, the economy must be better!
I wonder what will happen when these talking heads come out of their [...]

As if the Government under Obama hasn’t spent enough virtual taxpayer money, the Obama administration announced a new way to help unemployed homeowners stay in their homes… Rent to Own!
According to a Reuters article:
Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for [...]

For homeowners of Charlotte North Carolina, the foreclosure trend has affected complete neighborhoods.  Banks are taking homes back through foreclosure and bank owned properties lower the current market value.  Homeowners that need to sell their house fast face stiff competition from banks that are selling repo homes for less than market value.
There is little a [...]