May 17th, 2010
Let’s do this Phoenix Suns. Beat L.A!! Suns-lakers series logo I made.
June 16th, 2009
As you may or may not remember, Chris Hooley earlier in the year pinned our two puppies off in a contest he held on his blog. The votes flooded in and it was pretty much a steal for my puppy Tyson. However, Chris accused me of using social media to vote up my puppy as well as forcing my employees to vote for my dog Tyson (all lies!).
Read the rest of this entry »
February 5th, 2009
Why is it when you make a sandwich it never tastes as good as when someone else makes the exact same sandwich with the exact same ingredients for you?
No matter what, it always will taste better when someone else makes it. I just don’t get it.
That will be all.
February 5th, 2009
If you hold a mortgage and are considering a mortgage loan modification, you might wonder whether there’s help for you from the federal government. The answer is a definite maybe. There are several government-backed options for mortgage loan modifications, and some are more attractive than others.
For loans that are backed by an FDIC-insured institution like a bank, there is a proposal on the table that may offer help to both banks and homeowners. The FDIC plan, referred to as “Mod-In-A-Box” does not require a lender to write down the mortgage balance, except as a last resort. The plan uses a combination of modifications to help the bank and homeowner arrive at affordable terms that consume only a limited amount of the homeowner’s gross income.
The FDIC plan proposes that the government absorb some of the loss – as much as 50 percent – that a bank may take if it needs to write down a mortgage. The plan is aimed at reducing the number of defaults and keeping homeowners in their homes.
The plan rules also require servicers to modify all of their home loans using these guidelines if they choose to participate in the program. That may be a sticking point, causing some servicers to opt out of the program altogether. On par, however, the FDIC plan, which has the support of the new administration, may represent the government’s best effort to address the question of “negative equity” and mortgage defaults in a way that doesn’t require the bank to take the lion’s share of the loss when writing down the balance on a mortgage. It also doesn’t require the homeowner to forfeit his equity in the home when the home is sold.
Right now, the best bet for loan modification is to work with actual attorney represented loan modification Company that can help borrowers through the murky and sometimes frustrating process of getting a loan modification that meets the borrower’s needs.
February 4th, 2009
Both 2008 and 2009 will be remembered in the history books as the years of bailouts for large corporations but, will the American consumers ever see one?
As large companies continue to layoff Americans by the thousands, home loan payments continue to increase and credit card bills become completely unmanageable, Americans are feeling the pitch and are draining what’s left of their savings just to make it one more month.
With the continued increase of financial challenges many consumers are taking advantage of a popular debt relief program to help them payoff their unsecured debts.
Debt Settlement Programs
Sinking in debt, consumers are turning to debt settlement programs for help. Debt relief companies negotiate with creditors on the consumers’ behalf to settle their debt for less than what they typically owe.
While consumers can also settle their debts through a bankruptcy, bankruptcy proceedings can stay on someone’s credit record for up to seven years and the person may still be liable to pay that debt off. Debt settlement programs however do not show up on a consumer’s credit history and allows consumers to begin rebuilding their credit right after their debt relief program has been completed.
Debt relief programs, usually take only two to three years to cut debt loads nearly in half, unlike debt consolidation programs, which can take up to 30 years to pay off all debts and can easily double the amount a consumer owes once they have made all their payments.
To get information on debt relief contact Rescue Debt Solutions.
