If collections made a debt settlement offer or a company made a foreclosure rescue offer read this first Our material is dedicated to the financial crisis of 2007, documenting the period before, during, and after. Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act. We are a watchdog and consumer advocacy organization.
A short sale is like any other sale for a realtor. The time frame is what is very important for the home owner. You must act quickly, and must not be in foreclosure. Luckily many mortgage lenders don’t foreclose at 90 days like they once did. California homes are not going [...]
This is an example of consumer protection from the federal government at its finest. The Federal Communications Commission recommenced its battle against provocative television shows late Friday, proposing a $1.43 million fine against the ABC and its affiliates for a February 2003 episode of “NYPD Blue.” Finally 5 years after the episode aired, [...]
As the perception of a slowdown continues the perceived over-employment picture might indicate a need for layoffs. It sounds like market agitators in the oil industry where fear of a hurricane that might agitate Nigerian rebels who could… – you get the picture. Anyway, it is close enough for some. More layoffs [...]
Substantiated reports are coming in that verify what we said since last August – the problem is not subprime, and the problem has little to do with poor people. One problem is collateralization of mortgage loans. Those loans would be pooled with similar loans, and slices of that pool were bought and sold [...]
When a mortgage lender does not report timely payments to credit reporting agencies they are denying you the right to an accurate credit score. Lenders want your mortgage, and the on-time payments all to themselves. They are trying to eliminate the competition by hiding your payments from competitors. Unfortunately your credits score [...]
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