Foreclosure

[description]No More Mortgage on Foreclosure[/description]
[keywords]No More Mortgage[/keywords]

Inspiring quotes…
50 INSPIRING QUOTES.  We know that sticking to a goal is hard.  Whether your goal is to get in shape, to lose weight, or to discipline yourself financially and live with your means, you need inspiration.  When times are tough, and hard decisions need to be made, goals that only speak to the head [...]

Filed under Financial Tools, Foreclosure, News, Newsletters, debt by on . Comment#

NO MORE Mortgage Financial Security Newsletter
Two-thirds of Web surfers fall prey to online crime….
Most of us now purchase online, the following study results are worth taking a second look. Note that half the cases never get solved.
The average amount of time spent to resolve a cybercrime and the average cost vary from country to country, [...]

The title may seem a bit crazy, but the crazy thing is it’s actually true. This Youtube video does a great job of outlining the key points, Indymac Boys Get Sweetheart Deal , which are:

* Indymac Bank failed
* No one wanted to buy the mortgages held by the bank
* The government (FDIC) stepped in and sold them to OneWest Bank at a 30% discount
* The FDIC promised to cover 80% of the losses if any of the mortgages foreclosed
* The 80% is calculated based on the full face value, not the discounted price they were bought for
* You do the math–OneWest was then able to sell the entire portfolio for pennies, it didn’t matter! They were guaranteed to make a profit no matter what!

Today state regulators in Maine ordered 15 “Foreclosure Rescue” companies to stop doing business in Maine. I applaud their actions.
There has been an “infestation” of these types of companies taking advantage of vulnerable homeowners at a time when they are stressed out and/or behind on their mortgage payments. Most of these companies [...]