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Increasing your credit report score rating is not a difficult proposition. It simply takes time and patience. You cannot expect to see results overnight. And if you are approached by someone from a credit repair company insisting they are capable of cleaning up your credit report within a couple of months, walk away. No, check [...]

Can filing for bankruptcy help homeowners facing foreclosure? Apparently, not much. For most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a much better option. While bankruptcy judges can reduce or eliminate certain kinds of debt, they aren’t allowed to alter the total amount owed or [...]

Sale/Rent Back Schemes – Not Always What They Seem As the slumping economy and ensuing credit crunch continues its hold on our economy, and more and more people are struggling with their mortgage payments, a number of companies are springing-up who offer a “sell/rentback” scheme. This type of proposal involves the homeowner having their house [...]

Mortgage Scams – Don’t Get Taken The economic recession has caused a lot of homeowners to find themselves in danger of losing their homes. There are many situations that have cropped up because of it — on one side are the homeowners who are doing everything they can to stop foreclosure. On the other side [...]

Foreclosure Prevention: Don’t Get Scammed When mortgage borrowers fall behind on payments and run the risk of losing their homes, they sometimes grab the first lifeline tossed their direction. Often that lifeline is a TV or Internet advertisement making grand promises – and has more than one string attached. There are many rescue scams that [...]

Selling a Home? What To Do Now Call it the Great Housing Paralysis. If you’re hoping to buy your first home or invest in a second one, you’re probably sidelined, unsure when to jump in. If you want to sell, you’re thinking it may be better to wait. As you’ve heard countless times, you should [...]

Short Sale or Foreclosure? Many people on the brink of foreclosure have been asking the question, “is it better to let the bank foreclose on my home, or should we try to get a short sale instead?” There is no hard and fast answer to this question, but here’s the basic difference: On a short [...]

Tax Withholding: Should You Change Yours? Many tax and financial experts are encouraging taxpayers to review their tax withholdings now, as it may be that, due to economic conditions, taxpayer’s income may be reduced due to layoffs or cutbacks on the job. Essentially, this means, you could be having more tax taken out of your [...]