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...more
Many Americans are in a dire financial situation - companies are laying off thousands of employees, jobless rates continue to climb, and those out of a job are faced with finding the means to support their families. Most pressingly, homeowners must continue to pay on their mortgage and avoid losing their home in foreclosure.If you are currently working, count yourself lucky. Though the present can give us false confidence in our ability to meet...more
Homeowners across the country are finding that their home values are plummeting. Some are so low that their actual present home value is less than what they actually owe on their mortgage. In this scenario, their mortgage is considered to be "upside down." If you are in a similar situation where you are upside down and have negative equity in your mortgage, there are options for you.How an Upside Down Loan ArisesFirst, how does a home enter into a negative equity situation? Usually this happens when homes have a high leverage. This means that you, as an owner, have loans that equal almost or as much as 100% of your home's value.Most lenders are capable of approving high-leverage loans on homes because of the assumption that real estate, on average, continues to appreciate about 3% to 5% every year. Note that the average appreciation is calculated over many years, during which there will be periods of appreciation and small periods of deflation. Over the last few years, we have seen a dramatic depreciation of home values. Though some home values have dropped, it is expected that they will once again see appreciated value within a few years.What Should You Do with a Negative Equity...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