admin on Dec 18th, 2007Bush Paulson Freeze: Adjustable Loan Modifications are a flop
Yesterday I got a phone call from a gentleman who asked me if he thinks the Bush Paulson Freeze will help him get his lender to say “yes” to lowering his payments.
I am the developer of the Mortgage Relief Formula home study course so I get a lot of calls and hundreds of emails. And […]
admin on Dec 7th, 2007Bush Paulson
Bush Paulson, what a pair. Paulson has been trying to bail out Citigroup and the other big banks. Bush is in bed with big financial interests including Paulson’s former employer Goldman Sachs and every large bank and brokerage.
Asset backed finance has propelled record profits and record bonuses for financial institutions in recent years. But the […]
admin on Dec 3rd, 2007Paulsen Adjustable Mortgage Freeze: Don’t be fooled
The adjustable mortgage freeze is a bailout of the big banks. It has nothing to do with homeowners and everything to do with keeping Goldman Sachs, Countrywide and Morgan Stanley in business.
Last week, e-Trade was bailed out and it turns out that a portfolio of mortgage related securities sold for between $0.11 and $0.22 on […]
admin on Nov 27th, 2007foreclosure short sale or deed in lieu - contacting your lender
Therealestatebloggers.com posts today about how lenders are so hard to contact, but that for borrowers the key thing is to communicate with your lender.
This has been a target of mine so I will continue to beat the drums. There must be an easy way for borrowers to reach their lenders when facing foreclosure issues.
How can […]
admin on Nov 18th, 2007Housing crash: What you need to know NOW
Dr. Housing Bubble has one of the best housing blogs out there and you shouldn’t miss his interview of expert John Rubino, someone I follow and respect a lot. I will excerpt a bit of the interview with comments, but please click and read the whole thing.
Now we can’t borrow against our homes any more […]
admin on Nov 15th, 2007How to get a lower appraisal and why you’d want to
Athol has a wonderful blog Bad MLS Photo of the day such as this bad MLS photo.
If you want a laugh, head over to Athol’s blog.
I am showing you this picture because it can be a most wonderful education. It shows us how to lower our appraisal.
If your house looks sloppy and smells bad, you […]
admin on Nov 12th, 2007ARM resets: what should you do?
I’m getting a lot of questions from people who are facing ARM resets.
If your ARM is resetting soon, you have to decide if you are able to make those new higher payments. And, you have to look at what your house is worth and whether you want to stay in it or not.
If you can’t […]
admin on Nov 4th, 2007Foreclosures up: Should you sell now or wait?
Ben Jones, in his the housingbubbleblog.com article Bringing The Market Into Reality, as usual, has a superb article discussing foreclosures and the new reality of homeownership.
My wife and I were eating dinner with good friends who live in Louden County, which is billed as the fastest growing county in the USA. Which means a lot […]
admin on Oct 2nd, 2007How to lower your mortgage payment — without getting a new loan!
Many of us have credit problems today due to the downturn in the economy and in the real estate market.
I find it very helpful to consult with a bankruptcy lawyer. But that doesn’t mean that bankruptcy is a good option.
1. Bankruptcy does not let you get out of secured
loans. Mortgages and car loans are secured […]