US is one of the powers of the world but now all of us are in shell shock from the rising gas prices. Now it's understandable to be overwhelmed from the rapid price increase to $4, but let us take a look in comparison to everyone else in the world. $7 in Korea, $10 in France, and $11 in Tu
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05/30/2008
Bear Stearns shareholders have approved JPMorgan Chase's buyout, ending the saga of the 85-year-old pillar of Wall Street that crumbled under the weight of its own wagers on high-risk mortgages. Bear Stearns officially becomes part of JPMorgan Chase & Co. on Friday, after a widely antic
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05/30/2008
Here's my recent equation, Microsoft VISTA + Norton 360 = ERRORS. Real quick note to all... Now we all know that Microsoft, MS, likes to launch their OS, operating system, out prior to doing an extremely extensive test run, specifically with software that is commonly used. From what I was t
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05/30/2008
Call the LenderYou may need to make a half dozen phone calls before you find the person responsible for handling short sales. You do not want to talk to the "real estate short sale" or "work out" department, you want the supervisor's name, the name of the individual capable of making a decision.
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05/28/2008
What is the Mortgage Forgiveness Debt Relief Act of 2007? The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007 (IR-2008-17). Generally, the Act allows exclusion of income realized as a result of modification of the terms of the mortgage, or foreclosure on your pri
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05/24/2008
What is Foreclosure? Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payme
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05/24/2008
If you can afford your home loan and OCWEN is servicing your loan, then you may be eligible for a loan modification. Loan Modification This when the lender modifies your current mortgage in order to work with you because of a hardship. The purpose is to help make your loan more affordable. Usuall
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05/24/2008
CAN'T REFI? NO EQUITY? BAD CREDIT? Loan Modification : This when the lender modifies your current mortgage in order to work with you because of a hardship. The purpose is to help make your loan more affordable. Usually it is in the form of a rate reduction and fixing the rate for a certain amou
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05/24/2008
LOAN MODIFICATION Adjustment of the terms of a loan during its term in a way not accounted for in the original loan contract but accepted later by mutual consent of the lender and borrower. Usually a concession to the borrower in an attempt to avoid Foreclosure. Servicing your loan modificat
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05/24/2008
LOAN MODIFICATION Adjustment of the terms of a loan during its term in a way not accounted for in the original loan contract but accepted later by mutual consent of the lender and borrower. Usually a concession to the borrower in an attempt to avoid Foreclosure. Servicing your loan modificat
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05/24/2008
