I’m commenting on a controversial book entitled, “Walk Away From Debt for a Better Future”. The author, Nicholas Carroll, advocates “prudent financial” planning or strategically defaulting on your home mortgage and credit card debt. He uses various techniques and is an alternative many, many families are considering as the moribund real estate market [...]
Sonoma County, California HomeBuyers had a great treat this morning listening to Linda Watson who spoke on Niche Lending and her specialty–USDA Loans. Who said you had to PUT 20% down? Two low down scenarios are yours for the choosing. USDA has a ZERO like in -0- DOWN program and FHA with a CHDAP “silent” [...]
DSNews.com and Carrie Bay report: The Treasury Department released a new report on the government’s foreclosure prevention efforts Friday. In addition to the Home Affordable Modification Program (HAMP) numbers that are regularly recounted, new this month are details on short sales and deeds-in-lieu, as well as second lien modifications.
Treasury reports that as of the [...]
If you cannot afford to consult with an attorney or an accountant, you should consult with a HUD-Certified housing counseling agency. Call toll free: 800-569-4287 or go to http://www.hud.gov/offices/hsg/sfh/hcc/fc/. Or check a legal aid provider in your community. Sonoma County homeowners call: 707-542-1290 or http://legalaidsc.org/ Mendocino and Lake Counties call: 916-551-2150 or www.lsnc.net. [...]
Linda Green, a local bankruptcy attorney, joins us this Sunday to discuss the benefits and downside of seeking Chapter’s 7 or 13 bankruptcy. Facing imminent forclosure? BK could be your savior. Is it the Nuclear Option? Her practice is in the North bay representing folks from Marin, Sonoma, Napa, Lake and Mendocino Counties. She regularly counsels [...]
Listeners–go to: http://www.FixYourCreditScoreOnline.com and visit our new web site. The site, which we wish to stresss is NOT a miracle worker or a “credit consolidation” site, does produce results through consistent and persistent action on the part of the non-profit which you will contract for their services and by YOUR concerted efforts along with them [...]
Allison and I are rolling out a new “credit repair” web site for the use of our clients and listeners. This is NOT a miracle web site gauranteeing Instant Results! The results we will discuss this week on the show are due to persistent and consistent action. The action is instituted by a non-profit, through [...]