Chapter 13 Bankruptcy Definition

January 27, 2012 – 11:30 am

Chapter 13 bankruptcy is a method employed by consumers who have debts and are not in a position to pay them back. It is a way for them to restore their financial status and get back to a zero balance.Bankruptcy is a legal process whereby a creditor files for it in a court of law, expressing his inability to pay his debts. Chapter 13 bankruptcy is usually called the reorganization bankruptcy. It is a debt that is filed by consumers who wish ...Continue Reading...

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How Bad Does Foreclosure Affect Your Credit Rating?

January 15, 2012 – 7:30 pm

How bad does a foreclosure affect credit rating? it is quiet a common question nowadays. A foreclosure can affect your credit rating drastically and should only be considered as a form of last resort. It is rumored that a foreclosure can affect your credit score between 200 and 300 points. That means that if you have an excellent score of 800 it will lower your score to as much as 500 which is considered to be a negative credit score.It is mandatory ...Continue Reading...

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What Happens After the Foreclosure Sheriff Sale

January 12, 2012 – 8:00 am

A great number of homeowners are simply unable to stop foreclosure on their homes by the time of the sheriff sale of the property. When they are unable to find some way to postpone the foreclosure auction, state foreclosure law will take over to determine the next steps in the foreclosure process and how much longer the foreclosure victims have to stay in their homes. In some cases they will have to be out of the home within a few weeks, while ...Continue Reading...

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Wells Fargo Loan Modification – Things to Know Before You Apply

January 6, 2012 – 7:30 pm

Stuck in an unaffordable mortgage and wondering how you can qualify for a Wells Fargo Loan Modification? You are not alone-thousands of borrowers are trying to get approved for a Wells Fargo loan modification program that will lower their monthly payment so they can afford to stay in their home. Unfortunately, not all homeowners will qualify for this help, so it is very important to know a few tips that the professionals know so you can increase your chances of getting the ...Continue Reading...

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Mortgage Interest Rate Predictions For 2010-2011

January 2, 2012 – 8:30 am

So many people want to predict where the mortgage rates are going. After all, even a single percentage point of movement in mortgage rates can and will affect other rates in the market, not to mention possibly lead another family on the brink of becoming homeless.Unfortunately, predicting mortgage requires a crystal ball, a third eye and a magic wand, all of which no human being has yet to possess. Still, you can predict with a certain degree of accuracy where mortgage rates ...Continue Reading...

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Financial Help For Single Mothers

December 29, 2011 – 8:00 pm

Financial aid for single mothers is available either through federal welfare services or through private organizations.Who is qualified?Not all single mothers can take advantage of special financial help packages. Only those whose earnings fall below a certain level are considered low-income individuals and qualify for welfare benefits. To find out if you qualify for and may avail yourself of federal welfare services, you must complete the application form available at your local welfare office.Each program has its own income limits. Whether or ...Continue Reading...

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Free Living Will and Free Living Will Forms Online

December 27, 2011 – 4:00 pm

Looking for a free living will? If you are preparing your finances and other personal matters for your retirement and want to make sure that your family members are taken care of in the event of your death, you will need one. There are several useful sites online where you can download a free living will form to use for your needs. You can chose generic forms based on your state, as each state has different laws regarding living ...Continue Reading...

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