interest rate cut: Do’s and dont's for fending off foreclosure, Weston Florida - 09/25/07 09:15 PM
Dear Dave, I just received a notice of default letter from my mortgage lender that says my house will go to auction sale in four months. Can house still be sold by owner? -- Sue
Dear Sue,It appears that you are right in the beginning of the foreclosure process, but as long as the house is still in your name you can save it. While you need to be careful, you also need to act quickly. Four months can seem like a long time but it can go by in a flash. So let's get right down to what your options are.
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interest rate cut: Good News for homes buyers in Weston florida - 09/18/07 09:30 PM
The US Federal Reserve decided on Tuesday to cut a key interest rate by a half percentage point to 4.75 percent in an effort to calm turmoil in the credit markets and avoid a broader economic downturn.
This was the first cut in the central bank's target for the federal funds rate, the interest rate that commercial banks charge each other for overnight loans, in more than 4 years.
After the Fed's 17 consecutive rate hikes over two years since June 2004, the key short-term interest rate had risen to 5.25 percent from a 46-year low of one percent, where it had stood … (0 comments)
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