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| When Banks Are Left To Their Own Devices…Consumers Get The Hosed |
May 18, 2007 |
| Desperate for money, Jack contacts a money guy referred by his cousin Jerry for a temporary loan. The “VIG” is 25% per week. This is excessive and is ... |
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| There Was This Guy Banging On The Door… Inquiring About Lis Pendens Foreclosure Action On His Home |
May 15, 2007 |
| This had been quite a turn of events for Bobby, a single dad, recently divorced with full custody of his two boys. His ex-wife had taken off with a ne ... |
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| Achieve A Bad Credit Auto Loan Without Signing Your Life Away |
April 18, 2007 |
| Bad auto loans are very common nearly a quarter of Americans are credit-challenged. If you have bad credit or even no credit, you should have little ... |
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| Less Than 1% Of Identity Thieves Are Prosecuted…What Are The Chances Of Beating A Ring Of Scammers |
April 13, 2007 |
| The ink on recent headlines is still wet and not yet dry announcing the hacking loss of thousands of credit card information records from T.J. Maxx an ... |
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| Foreclosures Are Exploding…Values Are Down…Homeowners Are Stressed…Rates Still Low! |
March 20, 2007 |
| As the financial markets are being rocked by daily negative news including the latest lenders closing their doors and higher levels of reported forecl ... |
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| The ‘Porkmeisters’…Cloaked In Secrecy…Ply Their Trade Of Separating Tax Payers |
March 29, 2007 |
| Jimmy Stewart’s character portrayed in “Mr. Smith Goes To Washington” would have been right at home last week in Washington D.C. surrounded by the “Po ... |
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| If Vince Lombardi Ever Addressed Members Of The Mortgage Industry…His Message: May Have Been…Back To Basics |
April 10, 2007 |
| Somewhere between the Stated W-2 Wage Earner Loan and the New Century Mortgage (large subprime mortgage lender) filing for Chapter 11 Bankruptcy prote ... |
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| Finally ‘Suitability’ Test Arrives At The Mortgage Industry’s Gate…How Bad Does It Have To Get |
April 06, 2007 |
| The National Association of Stock Dealers (NASD) police and license stock brokers through the Series 6 and/or 7 licensing requirements as well as othe ... |
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| Getting a Bad Credit or No Credit Auto Loan |
March 23, 2007 |
| “No Credit, Bad Credit, No Problem” ever hear these advertisements on the radio, or television, getting an auto loan isn’t as easy as the dealerships ... |
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| Senator Levin Prepares to ‘Slap Around’ Abusive Credit Card Companies Who Are Ripping Off Consumers |
March 16, 2007 |
| “Some” of the Credit Card Companies offer a good product and decent service providing Americans with the convenience and back up of a credit card when ... |
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| With Levels of Consternation Riding High With Subprime Loans, Fannie Mae And Freddie Mac, Now What About FHA |
March 13, 2007 |
| FHA has been losing market share to Subprime loans for quite some time now. With all the requirements for a company to qualify and meet the regulatory ... |
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| The Other Shoe Has Dropped…First The Subprime Market…Now Bernanke Looks At Fannie Mae & Freddie Mac |
March 09, 2007 |
| With the market still feeling the shakeout from the tremors of the subprime mortgage fiasco, the Federal Reserve Chairman Ben Bernanke is now directin ... |
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| See Ya…Adios…Sianora…The Painful ‘Death-Like’ Experience Called ‘Divorce’…And How It Can Effect Credit Ratings |
February 23, 2007 |
| Many therapists compare a divorce to a death like experience. It is loaded with emotion welling up to sometimes very irrational behavior. If it’s just ... |
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| Violent Crime On Innocent Victims…Adds To The Victim’s Woes…With Mountains Of Unpaid Medical Bills and Bad Credit |
February 16, 2007 |
| Lucille Marie was leaving from work just as the sun was going down. As she reached the car door with her keys in hand a flashing figure came from the ... |
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| The ‘New Congress’ Fiddles Away Valuable Time… As The 275,000 Insurable Limit For Home Equity Conversion Mortgages (Reverse Mortgages) Is Fast Approaching |
February 16, 2007 |
| While the ‘New Congress’ fiddles away valuable time Thursday the 15th of February 2007 the limit will stop future originations of Reverse Mortgages un ... |
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| Caught In A Riptide Of Mortgage Debt With Rising Monthly Payments |
February 09, 2007 |
| When the nightly main stream television news leads with stories regarding mortgage foreclosures and down turning markets a viewer knows a trend has ar ... |
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| Outrageously Low Real Estate Offers Are Now Getting A Second Look From Sellers and Lenders |
February 02, 2007 |
| “Knock, knock, who’s there?” The door opens and no one is there. Bumps in the night are confused with buyers wanting to get in to see a home for sale. ... |
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| Dick and Jane Are Up To Their Elbows In Alligators and The Sharks Are Swimming In The Moat Around Th |
January 30, 2007 |
| American families are waking up to the fact they are in deep doo doo upon the receipt of the first notice from the mortgage lender holding the Adjusta ... |
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| Cold Blast Of A Blizzard Hits Home With Mortgage Defaults |
January 22, 2007 |
| Calls for bids on mortgage portfolios containing lower credit score and higher risk loans based on Stated Income, No Income, No Ratio, No Doc are goin ... |
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| Upside Down…Turned All Around…After An Auto Accident |
January 09, 2007 |
| The TV commercials are all over the network showing two friends chatting away oblivious to what is happening around them and WHAM another car smashes ... |
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| Municipalities Killing The Goose That Lays The Golden Eggs |
January 10, 2007 |
| Areas of the country that have enjoyed a big run up in values the past year are now paying for it. Local tax assessors doing their jobs, based on comp ... |
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| Flipping Properties In A Drastically Down Market |
January 02, 2007 |
| In earlier years, “Flipping” was a negative term utilized by governmental agencies to designate a mortgage fraud situation where there was massive col ... |
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| Warning Labels Mandated For Credit Cards! |
December 20, 2006 |
| If anyone gets any type of prescription drug or even buys something over the counter to help with symptoms of a cold, a rash, insomnia or a hang nail ... |
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| A Thief Is A Thief…Wrapped In Electronic Sheep’s Skin…Just The Same…A Thief |
December 13, 2006 |
| Credit card thieves had found a wrinkle around that by giving the cardholder a feeling of comfort using a slight of hand. This allows the thief time t ... |
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| When There is Blood In The Street-Buy Now! |
December 06, 2006 |
| The public, when it comes to investment opportunities, is usually late and guilty of betting on the wrong pony. It’s just the way it is always been th ... |
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| The Second Oldest Profession…Barter & Trade |
December 08, 2006 |
| Today builders and homeowners are again operating in a soft market. The “paper business” is a great way to make deals work. With the advent of corpora ... |
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| So You Agreed To Take A Seller Held 2nd Mortgage To Help Sell Your Property…Now What? |
December 06, 2006 |
| Many buyers who have jobs and means to make monthly housing expenses have for what ever reasons have lousy credit. Sometimes bad things happen to good ... |
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| Real Estate Investors…Get Off The Sideline And Get Into The Game In A "Slow" Market… All For Fun And Profit |
December 01, 2006 |
| For months now many Realtors have been pacing the floor wondering where their next sale was coming from. The bad news drips off the front pages report ... |
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| 100% Mortgage Financing With A Lowly "500" Credit Score? |
November 29, 2006 |
| The financing vehicles have been in place for several years now for a borrower using some creativity with a seller to make 100% financing possible. Ho ... |
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| Liar, Liar, Pants On Fire…"Liar Loans" Lead To A Spike In Mortgage Foreclosures |
November 17, 2006 |
| It starts out all so innocently, the loan application (1003) is filled out while gathering the income and debts verified through credit reports and mo ... |
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| Soft Market + Motivated Seller + 6% Seller Contribution = 5.50% Fixed Rate 30 Year Mortgage Rate Buydown |
November 10, 2006 |
| An anomaly is defined as a deviation from the normal order. At this very moment in many real estate markets in many parts of the country a soft marke ... |
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| You Can’t Steal In Slow Motion-Real Estate Deals Wait For No One |
November 10, 2006 |
| Charlene had been attending a Home Buying Clinic sponsored by her church for the past year. Fortunately, childcare was available at the church during ... |
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| Circling The Sunday Paper Classified Real Estate Ads Seemed Futile With Their Bad Credit-Then It Hap |
October 25, 2006 |
| Allen’s left index finger was on it, but he couldn’t believe what he was reading in the ad. He flipped the front page over to make sure it was the cor ... |
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| “Buyers Being Creative In A Soft Real Estate Market With A Challenged Credit History” |
October 20, 2006 |
| In a soft real estate market where owners need to sell and have a high degree of motivation to dispose of their property. This is the opportunity that ... |
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| Credit Card Creep” + “Universal Default” → “125% |
October 10, 2006 |
| The “Universal Default” trigger mechanism used by many credit card companies who regularly check payment history in the bureaus. If they find a 30-day ... |
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| Option ARMs: “The Sky is Falling…The Sky Is Falling So Says The Chicken Littles Of The World” |
October 06, 2006 |
| Option ARMs are getting a lot of adverse publicity and regulatory attention. It’s kind of like a smoker suing for cigarettes causing cancer and gettin ... |
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| When Good News Hits The New York Times, Sell |
September 29, 2006 |
| Everywhere you turn and observe in newspapers, magazines, cable, network programming, radio, Internet BLOGs, investment newsletters, real estate is bl ... |
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| The Chickens Come Home To Roost & When The Dust Settles-Lender Discovers Mortgage Fraud |
September 26, 2006 |
| Things were going great. Work was great. The economy was smoking and people reportedly making a killing in real estate. “Flipping” this property, buyi ... |
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| I’m Not Digging “Triggering” My Credit |
September 22, 2006 |
| The approval came back ACCEPT PLUS. The findings came back with the credit report that had been pulled during the process. Per agreement, Emily procee ... |
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| Separated at Birth-But So Different In Life |
September 15, 2006 |
| John and Patricia, wanting to take advantage of a lower interest move on their mortgage, their only debt. John always the planner chose to go on Annua ... |
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| Mortgage Credit Repair After Experiencing Mortgage Servicing Hell |
September 08, 2006 |
| When mortgages are sold to new mortgage companies, with new servicing companies new service occurs. Frank and Janet’s mortgage had just been recently ... |
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| The Positive Ramifications of Do-It-Yourself Credit Repair |
August 28, 2006 |
| Many couples have been merrily breezing along then, IT happened. There was not enough money to meet all the monthly obligations. Living in the suburbs ... |
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| “Dumpty Humpty Sat On A…Winning With Credit Repair” |
August 25, 2006 |
| When Dumpty Humpty fell off the wall the creditors started calling and sending threatening letters all about what they were going to do to you and you ... |
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| “Mugged While Sleeping…Leads To Credit Repair” |
August 18, 2006 |
| Identity theft is a huge problem for Americans. With all the personal information floating around out there it is tough to avoid being a victim of thi ... |
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