credit repair expert: Strategic Default and the FICO or VantageScore
- 12/04/10 10:08 PM
Strategic default is a conscious decision to walk away from a mortgage that is underwater. These defaults take lenders by surprise as borrowers often have excellent credit records and meet all of their other financial obligations. The point of a strategic default is to cut losses on a home that has substantially depreciated in value and negative equity that can never be recovered. Considered as a viable strategy for managing troubled assets in an era of record foreclosures, high unemployment, and government bail-outs, millions of Americans are considering strategic default or strategic foreclosure. With almost 28 percent of all mortgages underwater, … (1 comments)
credit repair expert: Foreclosure defense: Process servers allegedly filing false affidavits
- 11/06/10 06:27 PM
Recent reports indicate that approximately 462,339 foreclosure cases were pending in Florida as of June 30. Following foreclosure moratoriums by Ally Financial, Bank of America, J.P. Morgan Chase, and PNC Bank, the settlement of deceptive marketing charges by Wells Fargo, and the Attorney General's investigation into faulty foreclosure practices at the Florida Default Law Group, the Law Offices of David J. Stern, P.A.; the Law Offices of Marshall C. Watson, P.A.; and Shapiro & Fishman, LLP, investigators have turned up a new problem. Process servers are now alleged to have filed false affidavits in support of personal service in foreclosure matters. … (2 comments)
credit repair expert: Credit Repair for 2010 - A New Year for Better Credit
- 01/05/10 04:20 AM
Are you wondering how to protect your family through a recession and tough economic times? Families are scrambling to protect their financial security while watching their nest egg shrink. Between the foreclosure epidemic and closed or reduced credit lines, Congress has been left to bail out the financial industry. Many consumers are experiencing severe stress as it relates to their economic stability and general well-being. With unemployment at an all time high and an economy that is struggling with food prices and professional services that have increased at alarming rates, many families have scaled back on their spending to include only … (1 comments)
credit repair expert: Credit Card Act of 2009 - A Primer to Basic Consumer Protections
- 01/05/10 03:34 AM
In an ideal world, one would not worry about the recession, high unemployment rates, the foreclosure epidemic and the never ending debt load carried by the average American. In what has been commonly referred to as the "Year of the Consumer," 2010 has a lot to offer in the way of federally mandated "changes" as it relates to the credit card industry. With less than 30 days until enactment of The Credit Card Accountability, Responsibility and Disclosure Act of 2009 creditors and financial institutions are doing their very best at circumventing the new law, also known by its short title - … (0 comments)
credit repair expert: Help Wanted - Sales Position at Credit Restoration Consultants
- 08/24/09 01:48 PM
Credit Restoration Consultants, a Sunrise, Florida, based credit service organization specializing in the restoration of consumer credit worthiness and identity theft is seeking a commissioned based Sales Representative. Detail-oriented person with initiative wanted. Strong data entry skills required along with knowledge of Microsoft Office. Qualified candidate will be efficient, organized, and have strong sales experience.Job description includes the marketing of credit restoration services to credit challenged individuals and victims of identity theft. Initial leads and lead sources are provided with no cold-calling required.This position is commission based with a full benefits package. Paid training is available to qualified candidates.Qualified candidates should fax … (0 comments)
credit repair expert: Complete Credit Repair only $1,499.00 by Credit Restoration Consultants
- 11/11/08 12:00 AM
Experts are talking recession and families are wondering how to protect their financial security. With the foreclosure epidemic, unemployment at an all time high, and Congress scrambling to bail out the financial industry, many consumers are experiencing severe stress as it relates to their economic stability and general well being. Although gasoline prices have fallen into the low $2.30 range, the economy is struggling with food prices and professional services that have increased at alarming rates. As a result, many families have scaled back on their spending to include only the necessities.In an ever worsening economy your good name and reputation … (0 comments)
William E. Lewis Jr. & Associates is a solutions based professional consulting firm specializing in the discriminating individual, business or governmental entity. To learn more, tune into “The Credit Report with Bill Lewis,” a daily forum for business and financial news, politics, economic trends, and cutting edge issues on AM 740 WSBR.
Strategic default is a conscious decision to walk away from a mortgage that is underwater. These defaults take lenders by surprise as borrowers often have excellent credit records and meet all of their other financial obligations. The point of a strategic default is to cut losses on a home that has substantially depreciated in value and negative equity that can never be recovered.
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