Should Courts or Executive Branch Agencies Have Final Say?
The recession has forced America to face some of its most deep-seated systematic financial troubles. One thing that has become clear is that unscrupulous mortgage lenders and credit card agencies have dined for far too long upon consumers who largely didn’t understand [...]
Bankruptcy goes hand-in-hand with unemployment and foreclosure
Today the government announced unemployment figures for June that are much worse than expected. Employers cut 467,000 jobs and the unemployment rate rose to 9.5%, the worst since 1983. Unemployment is a lagging indicator, so even after the economy begins to improve, the jobless [...]
Nail down debt, don’t run for cover
Lenny Dykstra was one of my favorite baseball players. He combined speed, hustle, plate discipline and a near-fanatical desire to destroy his opponents on the baseball field. They called him “Nails” for a reason.
Like numerous other athletes, however, Dykstra took the unfortunate slide into [...]
He rode high, lived high
Fans of late night American television over the years have heard of Ed McMahon. He was the perennial straight man, a foil for the jokes of the all-time king of late night, Johnny Carson. Now like his leader in hilarity, Ed McMahon too has died. He [...]
Older Americans
Legal-aid advocates are noting that elder Americans are being left out of the mortgage loan modification program due to their low-income status. An unprecedented number of elder citizens are facing foreclosure because they were sold loans they could never afford. Many times, they were sold these loans fraudulently and [...]
When castle gates slam in your face
We’re calling all bed-wetters and ambulance chasers.
Poor pick-pockets, bring ‘em in.
Come join the Youth and Beauty Brigade.
- From “Youth and Beauty Brigade” by The Decemberists
We’re all ambulance chasers, aren’t we? When the train wrecks, we can’t help but look. And when we do, we [...]
What to do when you need money in a hurry
Even when a person is face with the loss of his or her home, a payday loan is the last thing they will consider. This is usually because they know it is a short term loan they will need to pay [...]
A bad mortgage will not destroy you
Many people are looking to online payday loans and mortgage loan modification to break the frozen finances deadlock. Sometimes it isn’t enough, however. People find they cannot shoulder the burden of tremendous mortgages, particularly for homes that have lost much of their value.
If you [...]
The American dream… for some
By now, we all know that the housing bubble in America has burst. Refinancing isn’t as valuable a move as it once was, so many families look to payday loans for short-term aid. The housing collapse is catastrophic for all the homeowners who have lost tremendous [...]
A sign of the times
Sadly the economy is in a downward swing and more people have to rely on a cash advance loan to keep their homes out of foreclosure. As difficult as it is to think of resorting to borrowing money to cover the mortgage payments, it is far [...]
It’s a financially hard world out there
Many of us might have considered taking a personal loan for different occasions. The economic fluctuations are affecting people from all walks of life. All over the country, and all over the world, people are suffering from this huge impact. Some who own businesses [...]
Facing threat of foreclosure?
If you believe you might be facing the threat of foreclosure then it’s not too late to save your family’s home. Mortgage holders who are more than 90 days in arrears on the mortgage repayments are able to apply for a loan modification that can help to [...]
ACORN pains me
Hundreds of thousands of families across the country are facing foreclosure. Many have already been put out of their homes. How does this happen in America? How is subprime lending (thanks to ACORN, the Community Reinvestment Act and Self-Help, Inc.) allowed to go on for so long before [...]
Better get a bigger bucket…
Wait. CLICK HERE to check out part one of this article – before you get wet. Then see how Martin Eakes wields the obvious:
Previous actions to bail out banks have been necessary to keep the economy afloat, but essentially amounted to bailing out the water in [...]
Measure was expected to pass this week
A scuffle between House Democrats has brought legislation to help debt-strapped homeowners to a halt. The bill would let bankruptcy judges reduce the principal and interest rate on mortgages.
The main point of contention centers on this question: Is it fair to help only those [...]
The free world
We live in a free world, with a lot of choices we can make, whether it is a matter of food choice or what company to go to for your mortgage loan. Especially in the current market situation, you have loads of options if you are not happy [...]
Fast cash advance for endangered families
President Obama’s plan to revamp the mortgage industry and save families – including the octuplet mom and her kids – from foreclosure is now in full gear, like a fast cash advance for the afflicted. As part of the package, mortgage lenders like Citigroup and [...]
Payday loans to keep your house
Payday loans may be your best bet to keep you at home. Those who are behind on their mortgage on their homes should act fast to find solutions. It is said that bad mortgages have sparked the present economic crisis. Millions of home owners have [...]