Last month, US congress passed the financial reform package which included a $1 billion emergency mortgage relief program for unemployed homeowners. The money in this program will be made available to the US Department of Housing and Urban Development on October 1. Under this program, eligible homeowners who are…read more
Government Help For Unemployed Homeowners
Do I Need A Will?
A will is a document that gives instructions on how you want certain things to be carried out after your death. A will would name the beneficiaries (spouse, children, family member, friends, charitable organizations, etc.) who will receive your assets after your death. If a person dies without a…read more
Beware Of Short Sale Fraud
A short sale is an arrangement between the homeowner, with the consent of the mortgage lender, to sell the home for an amount less than the mortgage balance. With many home values now less than the value of their mortgage balances, short sale is becoming a more attractive alternative…read more
Can I Be Forced To Pay Someone Else’s Debt?
Yes and No. In certain cases, yes, you can be forced to pay someone else’s debts. If your spouse, for example, obtains a necessity of life (food, clothing or medical care) and cannot pay for it, you can be forced to pay for your spouse’s debt. Likewise, you can…read more
How Do I Collect A Debt?
Ever have someone borrow money from you and never paid it back? Or, have you ever co-signed for someone’s debt who defaulted on it and you are now responsible for that debt? Or, have you ever given someone your money to “invest” in a business opportunity and no accounting…read more