Stop Foreclosure - 7 Tips to Save Your Home
Posted on November 14, 2008
Filed Under Mortgage Refinance | Leave a Comment
Faced with the threat of a foreclosure on their home, with all the weight of the mortgage industry and its army of attorneys against them, the average homeowner might feel like David facing Goliath.
But David defeated Goliath !
David had a sling and some pebbles.
You have an armory of tactics and options which can enable you to stop foreclosure proceedings in their tracks.
There are certain basic rules to follow if you want to stop foreclosure on your home.
*** Do not leave your home. If you do, you may lose your eligibility for assistance.
*** Do not speak to the lender’s Collection department, especially over the phone.
*** Never speak to any of your lender’s representatives without having all your facts assembled, and your strategy determined.
*** Don’t ask the lender what your options are - know your options before the real discussions begin. Know and be prepared for the questions and forms you will be faced with.
Investment Rowing
Posted on November 13, 2008
Filed Under Investing | Leave a Comment
You have rowed a boat at some time haven’t you? Yes, put the oars in the water and pull. Of course, you don’t know where you are going because you are sitting backwards. Every so often you have to turn to look ahead to see if you are pulling in the right direction.
Reminds you of the stock market doesn’t it? You have your money invested and you are pulling hard (working) trying to get to that rainbow where the pot of gold is supposed to be, but you are sitting backwards and you can’t see where you are going.
The stock market is more like one of those Olympic shells with a bunch of people rowing together to the finish line. Unfortunately, in the stock market each person is putting his oar in the water at a different moment and some are even pushing on their oar. What a mess. How is anyone ever going to win if they don’t all pull at the same time? Let me give you a clue. They won’t.
And why won’t they?
Simple Ways to Save Money
Posted on November 13, 2008
Filed Under Personal Refinance | Leave a Comment
Things are so expensive these days. We seem to be hearing, and saying, that a lot lately at the gas pump, in the grocery store and especially when paying bills. But there are simple ways to help save money without making sacrifices in your lifestyle. Small savings can turn into large rewards for little effort.
Start with the small things. Eat out less, stay home more often. Invite your friends over for a potluck supper and rent a movie. You are still able to enjoy entertainment at half the cost of going out to eat and then to the movie theatre. My friends and I rotate whose house we will go to every weekend. Giving the house a thorough company-coming-over cleaning is then limited to once a month.
There are many, many ways to save money when shopping for your children. Their clothing can be purchased at a consignment or thrift store for half of the original cost. Many clothing items may even still have their tags, especially baby clothes. Set up a clothing swap with your friends who also have children. You may find that they can hand down clothes to your child that will be eventually handed down to their even younger child.
A Guide to Finding Inexpensive Direct Loans
Posted on November 13, 2008
Filed Under Loans | Leave a Comment
For those individuals who are looking for fast and inexpensive direct loans, it may seem as though there is too much information and too many possible loan options for them to make an informed decision about the direct loans that they want.
Of course, there are a variety of resources available to help people understand direct loans? the tricky part is finding the best loans to fit your needs and paying as little for them as possible.
Below, you’ll find some basic information about direct loans as well as tips to help you compare loan offers and find the best loan for your money.
Defining direct loans
At their most basic, direct loans are simply loans that are made directly between a lender and the individual requesting the loan? in other words, they don’t use a third-party company or middle-man to process the loan and bring the lender and borrower together.
Because of this, these types of loans are often much less expensive than some other loan options; after all, if you’re only paying the interest and fees of a single lender, you’re going to pay a lot less than if you’re having to pay the fees of the lender as well as the third-party company that processed the loan.
A No-Brainer Way Of Getting Credit And Credit Cards
Posted on November 12, 2008
Filed Under Credit | Leave a Comment
What Is Your Credit Rating Now?
If you have any charge accounts now, or have ever borrowed from the bank to buy a car, or if you ar paying on a mortgage, there is credit information on you.
Up until a few years ago, you could only guess at what your credit rating was, because the credit bureaus who keep track of borrowers wouldn’t tell the borrowers anything! But that’s been changed through several laws, and now the bureaus have to send you your credit file when you request it.
If you’ve been denied credit on the basis of their record, they will send you a copy of that record without charge, if you request it within 30 days of the credit denial. If you haven’t been denied credit but just want to know what your file says, you must pay a small fee to find out.
Why You Really Must Get Your Credit Report…
It is well worth your trouble to obtain your report. You may well find (because thousands do) that there is a piece of misinformation that is injuring you without your knowing it, which you can straighten out by submitting copies of documentary proof (never mail originals of anything important - it may get lost in the mail) of bills paid, payments made, etc.
A Simple Way to Save Thousands on Your Mortgage Charges
Posted on November 12, 2008
Filed Under Mortgage Refinance | Leave a Comment
How many times do you check you restaurant bill? If not often, I would advise you to do it more, especially when dining on your overseas vacations. Still, much more Americans check their restaurants bill, than the number of homebuyers, who check the charges for their mortgages.
There are two popular misconceptions about the mortgage surcharges. First ? the charges are all the same because of the competition. Second ? there is nothing we can do about it, so why bother?
They are both wrong. The charges vary, sometimes within the same company depending on who their customer is. And yes, you can reduce those charges substantially just by asking about them.
There us an old story about a waiter, who presents unreasonably high bill at the end of a meal. His customer asks very politely to see the itemization of the charges. He goes over the items with the waiter one by one. Salad, yes, we had salad. Steak, yes, we had it. What is ’successful’ for $95? I don’t remember ordering it. Shrugging his shoulders the waiter crosses the item out from the bill: "Most of the time I am successful with that one, but sometimes I am not".
Debt and New Spirituality
Posted on November 12, 2008
Filed Under Debt Consolidation | Leave a Comment
Overcoming the stigma of being in dept, grow in self-confidence and regaining ones own centre and balance again, is easy in the new energies. This is all about being true to yourself, what we have been doing in the past is buying into other peoples beliefs and concepts.
In the new energy the Self is strong and we realise that no one can make us feel bad and down unless we buy into that idea ourselves. All possibilities are open to us in every minute of every day. We choose what to allow our mind to dwell on. If we are not enjoying what we are thinking: change you mind about it.
Stop thinking about what you don’t want, your fears and expectation and start to imagine what you do want, focus on what brings you pleasure and joy. The Universe’s guiding system is to step into joy and happiness in each step on the path to evolution.
Remember that recovering the money from the dept is the lenders problem. The reason you may have got into dept is that you were doing a job you do not enjoy. Think clearly what your life’s purpose is, what you came to this planet to achieve during this lifetime.
Preholiday Trading
Posted on November 11, 2008
Filed Under Investing | Leave a Comment
The Light Crude Continuous Contract closed at $66.13 a barrel Friday, after hitting an all-time high at $67.95 a barrel earlier in the day. A week from Monday is Labor Day, which marks the end of the summer driving season. Consequently, I believe, oil hit a short-term top Friday or will top next week.
Recent economic data show persistently high oil prices, along with higher interest rates, are slowing U.S. economic growth. Durable Goods Orders fell about 5% last month, and Walmart announced sales will be lower than expected. However, business inventories are lean. A slower economy will lower demand for oil.
The SPX daily chart below shows an orderly pullback in August. Currently, SPX is oversold enough to bounce into the Labor Day holiday. Major support is around 1,200, i.e. the 200 day MA, and Price-by-Volume bar. There are several major resistance levels working together to create strong resistance, i.e. the 10, 20, and 50 day MAs, the Parabolic SAR sell signal (red dots), and the Price-by-Volume bar, all between 1,220 and 1,225.
Fraudulent Tax Shelters ? KMPG Goes Down Hard
Posted on November 11, 2008
Filed Under Tax | Leave a Comment
In the largest criminal tax case ever filed, KMPG has copped a plea to using fraudulent tax shelters to bilk the government out of 2.5 billion dollars. KMPG has agreed to pay a fine of $456 million dollars, but nine of its executives still are under indictment.
Son of Boss Tax Shelters
From 1996 to 2003, KMPG promoted a tax strategy known as the Son of Boss. This shelter was used to create phony tax losses that could be claimed by wealth individuals looking to write off tens of millions of dollars. KMPG promoted the structure despite the fact it’s own internal tax attorneys warned the structure was fraudulent and could result in criminal charges. So far, wealthy individuals participating in the scheme have paid over $3.7 billion dollars to the IRS.
There should be no mistaking the impact of the plea agreement in this case. KMPG may have enjoyed the huge fees earned from the scam, but it is paying an incredible price for pursuing this practice. The price paid includes:
1. 456 Million Dollar Fine,
2. Permanently barred from providing tax services to wealthy individuals,
3. Permanently barred from involvement in any pre-packaged tax strategies,
Eliminate Your Credit Card Debt, But How?
Posted on November 11, 2008
Filed Under Debt Relief | Leave a Comment
Can a debt consolidation loan eliminate your credit card debt? A consolidation loan might (or might not) be the key. There are several things you must consider when making the choice to consolidate debt using a debt consolidation loan.
First, is a debt consolidation loan your best choice to eliminate or substantially reduce your debt? There are other options available to you, including credit counseling and bankruptcy. Obviously bankruptcy is a last resort. You must examine several factors when making your decision on which debt reduction / elimination strategy to use. You need to get information on debt consolidation to make the correct decision.
?How much outstanding debt do you have?
?What is the interest rate of your current debt? Many credit cards have interest rates of 14% - 22%, depending upon your credit rating and payment history. Obviously, the higher your current average interest rate, the better off you will be if you consolidate your debt with a consolidation loan at a much lower rate.
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