1.8 million homes were foreclosed in 2008. Millions of homeowners are expected to enter into foreclosure in 2009 and 2010. Rather than face foreclosure and suffer an eviction from your home, is there anything you can do to prevent the situation from escalating?Indeed, there is! You can ask to change the terms of your mortgage. Mortgage lenders are not in the business of repossessing and re-selling homes. The cost of foreclosure with attorney's...more
With the new mortgage bailout plan, many homeowners are questioning whether or not they should continue to pay their mortgages. If you do make your mortgage payments on time, can you still receive help from the proposed mortgage bailout plan?The answer to this question is a definitive "maybe." With the economic stimulus bill that passed into law by President Obama, $75 billion will be allocated towards preventing four million homeowners from...more
If you have stopped making your mortgage payments, how long you can stay in the home becomes a looming question. Depending upon what state you live in, as well as your lender's foreclosure procedures, it could take months, or even years, for the foreclosure process to end in an eviction.Foreclosure is a stressful process. You are constantly bombarded with threatening letters from attorneys, your lender, and even your local judicial system, and the process can take time before all avenues to collect on the promissory note are exhausted.When Does a Foreclosure Officially Begin?The foreclosure process officially begins when you miss your mortgage payment by the due date. For most homeowners, the due date is the 1st of the month. However, the majority of lenders generously give a 5 to10 day "grace period" before any late charges are assessed on your account. That means if you fail to make your payment by the 1st of the month, a late charge will be added to your account if a payment is still not received by the 6th. Failing to meet your grace period is usually the first red flag that lenders see for delinquent accounts, and this initiates the foreclosure procedure.What are the Initial...more
Are you one of the millions of Americans who fear that company cutbacks may cause you to lose your job? With the national unemployment rate at the highest in 26 years, touching 8.1% in March of 2009, it is expected that millions of more Americans will lose their jobs this year before the economy gets better.Though you may not be able to predict the...more
National jobless figures released in March 2009 have revealed that the national unemployment rate stands now at 8.1 percent - which is the highest it has been in 26 years. Among those recently laid off or unemployed are millions of homeowners who still have to meet a monthly mortgage obligation, regardless of their job status. But is there...more
FAP Turbo has come to be the most profitable automated Forex Trading Robots in the history of the Internet in an extremely short time. Why is this and what does it imply for you? Well, FAP Turbo (Foreign Exchange Autopilot, in case you want to know) puts into practice the critical rule that marks out the difference between winners and losers - it's not greedy.It just takes a little bit of profit on every trade it places. Actually, that's not true. It does make losses at times - naturally no system is one hundred percent perfect. If such a robot existed that would be the end of forex trading. Obviously, the numbers of successful trades will vary from week to week but some users say they are getting between eighty and ninety percent. This is very good and is based on a very conservative interpretation of forex signals. can be configured to more than one strategy but for inexperienced traders who, quite naturally, want to see profits fairly quickly, the Scalper strategy is the one I'd recommend.As the name implies, it's designed to take (scalp) just a few pips on every trade, normally 5 of 6 pips. At $2 per pip, we're talking about a profit of $12 per trade. Now this isn't going to...more
Making Home Affordable is a new government program designed to help keep people in their homes by lowering monthly mortgage payments for qualifying homeowners. The plan is projected to help somewhere between 7 and 9 million homeowners all across the...more
More from this Author at http://www.mytradesignals.comMany people enter into trades with little more than a desire for profit. In Forex we normally use between 50 - 400 to 1 leverage. Because of the large amount of leverage we are able to use, simply...more
An economic downturn is a phase of the business cycle in which the economy as a whole is in decline.This phase basically marks the end of the period of growth in the business cycle. Economic downturns are characterized by decreased levels of consumer...more
Due to an increase in reputable online payday loan providers, payday loans are now more convenient, safe, and easily accessible to many potential borrowers. Through increased security measures and simple application procedures, more people with...more
Payday loans have some of the highest annual percentage rates, or APRs, in the short-term loan market—some at 300% or more. Some consumers are concerned about these high rates, and often those in opposition to the payday loan industry use these...more
In an effort to make online payday loans more convenient for potential borrowers, many online payday lenders now offer a faxless application process. Over the course of the past few decades, many traditional banks have tightened the requirements for...more