DENVER (MarketWatch) — Caylin Crawford found herself out of work after a snowboarding accident and went to U.S. Bank for some help with her mortgage.
The 24-year-old homeowner said she was up-to-date on her monthly payments in January 2011 when she called to ask about loan-modification options. But the bank didn’t modify her loan. Instead, it foreclosed on her home. U.S. More
How many times have you been at work thinking that you would love to just retire now? Maybe you really love what you do but are tired of making a fraction of what your boss collects for the work you do and are just ready to call it quits. No matter what your reason for wanting to retire now, there might be an answer. Most people do not even realize how many of these jobs are available. More
2010 is set to be significant year for the respective banking industries of many countries around the world. In the UK customers look set to find the best savings deals, and banks are predicted to make moves to re-establish trust with savers more eager to switch to new accounts and new providers. So how is the offshore savings sector likely to change? More
Picture this nightmare financial scenario: You've taken out a $150,000 home-equity credit line to remodel your house, you've already pulled out thousands to pay contractors and owe thousands more, when suddenly you get a curt letter from the bank. Effective yesterday, it says, we've shut down access to your credit line. You're in shock. The bank later reinstated the owner's credit line. More
This is an addenda to my recent rant on American Express "Leave Home Without It" article. I just got my statement with a "Notice of Changes to Your Account". If you have an American Express Card, you may be interested in the ways that company gets to unilaterally change their terms and increase your costs and reduce your options as their customer. More
When the U.S. Supreme Court upheld the health care reform law on federal tax grounds, it restoked a housing issue that had been relatively quiet for the past year: the alleged 3.8 percent “real estate tax” on home sales beginning in 2013 that is buried in the legislation. A sample: “Did you know that if you sell your house after 2012 you will pay a 3.8 percent sales tax on it? More
The group includes public, private and nonprofit companies. One-quarter of public companies and 14% of private/nonprofit organizations said they increased their D&O limits of liability. More
Knowing
your FICO score can help you save money on a car or home loan. The first step is
to know what is in your credit report. You can obtain this information free by
going to http://www.AnnualCreditReport.com. You are entitled to a free credit
report from each of the three national credit bureaus (Equifax, Experian and
TransUnion) once every 12 months. More
Addition to the New CA Short Sale Laws Video
There is a new California law that will protect homeowners while pursuing short sales by prohibiting first and secondary lien holders from going after sellers for money owed after the short sales close. This new law, which became effective immediately, now prohibits secondary lien holders from pursuing deficiencies after a short sale closes. More
For hundreds of thousands of homeowners who are underwater on their mortgages, it's been a tantalizing question: Is there any way that our lender might agree to lower the amount we owe — not just the monthly payments but the principal debt itself? Until now, the answer virtually always has been a resounding no. Announcement soon? The same would be true for the second and third years. More
