Posts Tagged ‘Marketing’

Avoiding Credit Card Debt Tips for College Students

Credit card companies are marketing to college students on campus and social networking sites. US News associate editor, Kimberly Palmer, examines the pitfalls of credit cards and ways to avoid credit card debt. Read the full US News article at www.usnews.com

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Real Estate & Mortgage Marketing 6 – Making Home Affordable Dec08 Fannie Mae Loan Mod Guidelines

Home Loan Modifications Negotiated by Licensed Attorneys. Real Estate & Mortgage Laws and Guidelines are Complex. Beware of the Banks Loss Mitigation Department. Go To realestatemarketingthisweek.com Part 6 (Excerpt) Fannie Mae is proposing to give you a 50 year loan with an adjustable rate The next one is that your loan to value on your house has to be at least 90% of the property value. So in other words everyone under 90% gets foreclosed on? Right, if you only owe 80% of what your home is worth, they can foreclose on you, take your house and they dont lose as much money. Back when I was working with Fannie Mae selling repos almost 20 years ago now, they always gave us the figure that they lost 20% of the homes value every time they had to foreclose. So they have plenty of room to sell your house if you only owe 80% on it. So if you owe, lets just throw out some numbers here, lets say your house is worth 0000 and you owe 000 on it, well they are going to lose a little bit but they are going to make it back when they sell your house for 0000. Yes, they would just as soon kick you out and keep their money. Yes, exactly I am not necessarily going to say that Fannie Mae is going to kick you out of your house, however the reason why they have this guideline is very simple, they are not going to lose money on you if they have to foreclose on you when you are under 90%. They certainly are not going to lose very much money. If you have subordinate loans it may be left

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