Category: Banking
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Why Do Lenders Struggle With Modifications?
A couple of weeks ago I wrote and suggested that people really look at the mortgage modification process as being a tool that might be right for them. Honestly, many of my clients have been through the process and, while it has been long and painful, have been modified to a plan that really works…
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Watch Out For Those Fees
Over the last year, financial institutions have been looking for additional ways to make money after the laws were put in place to “protect” the American consumer. Congress decided that they were going to fix the problem of credit card companies taking advantage of people who had charged on their personally held and signed up…
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Keep Your Mortgage Paid!
Yesterday reports hit the news about the growing number of U.S. mortgage foreclosures for this year. It is frightening to know that we are on track to foreclose on more than 1,000,000 houses this year(2010). So far this year, over 528,000 families have been affected. Even more frightening is that there were 900,000 affected in…
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Are We Moving From Cash?
I read an interesting article today from mint.com. The author share statistics on how we as Americans have steadily moved from cash to using more plastic (credit and debt cards) for our payments. Very interesting reading. You can read it yourself. I have placed the link at the end of this post. Besides the plastic…