British Leader Announces Plan to Help Homeowners Avoid Default

Posted on January 6, 2009
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LONDON, Dec. 3 — Prime Minister Gordon Brown threw a lifeline to people in jeopardy of defaulting on their mortgages, saying Wednesday that homeowners who lose their jobs or suffer a sharp loss in income will be allowed to defer mortgage interest payments for up to two years.

Source: British Leader Announces Plan to Help Homeowners Avoid Default

Why all the FAFSA questions?

Posted on January 5, 2009
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I know the FAFSA form can be pretty intimidating at first glance. I mean, it’s as thick as War and Peace! Ok, that’s not entirely true but it is still long and makes my belly ache like a 4th helping of turkey and stuffing.
Personally I don’t like to read. In fact I [...]

Source:Why all the FAFSA questions?

2009-10 FAFSA Question 21-22

Posted on January 4, 2009
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Yes, that’s the draft. It is a requirement that males 18 years old or older be registered for the draft. No Selective Service registration = no financial aid. Women are not required to register for the draft.
What is Selective Service?
Registration is the process by which the US government collects names and addresses of men [...]

Source:2009-10 FAFSA Question 21-22

A Fiancee's Unknown Obligations

Posted on January 3, 2009
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Q: My fiancee has her name on three mortgages for two commercial buildings with her ex-husband. According to the divorce decree, her ex-husband has until August 2009 to refinance the mortgages.

Source: A Fiancee's Unknown Obligations

Demand Transparency on Mortgage Rates and Fees

Posted on January 3, 2009
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With mortgage rates at historic lows — 4.75 percent from several lenders in mid-December — a new legal settlement from the Federal Trade Commission offers a cautionary note for consumers, especially if they are members of minority groups: Watch out.

Source: Demand Transparency on Mortgage Rates and Fees

Md. Assessments Reflect Downturn

Posted on January 3, 2009
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Many Maryland homeowners will see the softening real estate market reflected in lower property assessments mailed yesterday, although the change won’t necessarily reduce their tax bills significantly.

Source: Md. Assessments Reflect Downturn

Upside Down on Their Homes but on Top of Their Debts

Posted on January 1, 2009
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Think of them as the walking wounded. They are the homeowners who are upside down on their mortgages — owing much more than their home is now worth. But they’re still on their feet and still sending their payments each month.

Source: Upside Down on Their Homes but on Top of Their Debts

Housing Starts Sink Again To Lowest Level Since '59

Posted on December 31, 2008
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New-home construction tumbled to a record low last month, according to government data released yesterday, further proof that the housing sector’s woes keep deepening.

Source: Housing Starts Sink Again To Lowest Level Since '59

Articulation Agreement

Posted on December 31, 2008
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You may have heard it’s a good idea to start your college career at a Community college to save money before transferring over to a more expensive four-year school. In fact, I’ve recommended it, but the other side of that coin is needing to be aware of the articulation agreement your Community college has [...]

Source:Articulation Agreement

Foreclosures Open Door To Disorder

Posted on December 30, 2008
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Among the many harsh lessons for mortgage lenders in the housing bust is this one about evictions: Selling a house is far easier than taking it back. Clever opportunists and struggling families have figured this out, too, and the result is a rapidly evolving free-for-all coursing through the…

Source: Foreclosures Open Door To Disorder

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