Nov 24

Wow!  I just read Martin Andelman’s blog post entitled, Our Future Hinges on Just ONE Thing and I’m blown away by the time, effort, detail and compassion he continually brings to the table when caring about the American Dream of home ownership.  We can no longer stand idly by and place blame on the “irresponsible homeowner” because the evidence is too compelling against the big banks who played the same tricks on us as they did when they caused the Great Depression of the 1930′s.

Don’t take my word for it, or Martin’s, read the article and share it with as many people as your social network contains.  When We The People join to form a more perfect union, our united voices cannot be ignored.  Look at what happened with the recent Bank of America ATM fee.  As soon as we the people got busy telling everyone not to bank there, they changed their position. 

WE CAN MAKE A DIFFERENCE

We really can.

I’m happy to report that my engineer boyfriend has changed his position from blaming the irresponsible homeowner to supporting me in the fight against Big Banks!  Join us in the fight to stabilize our economy and keep Americans in their homes.  Illustration as borrowed from Mandelman Matters.

Nov 17

When you are in the middle of a divorce, your future credit rating is probably way down on your list of worries. However, before the divorce is final, there are several steps you can take to protect your credit rating.

Determine Your Liabilities

You’ll need to know everything that has your name on it, such as bank loans and accounts, credit cards, and mortgages. In some cases, the two people have already decided who gets what. You need to make sure your name is not part of your spouse’s share of the debts and assets.

Document, Dissolve, and Divvy Up

Before the divorce is final, make sure that all of your debts and accounts have been divvied up. Put

Read more…

Tags: Credit

Nov 13

In foreclosure-related news, a recently released report from the U.S. credit reporting agency TransUnion is causing both consternation and confusion among many real estate experts due to its unanticipated findings.

Specifically, TransUnion found that during the third fiscal quarter of 2011 – which runs from June to September – the rate at which U.S. homeowners were late by 60 days or more with their mortgage payments rose to 5.88 percent. By comparison, the second fiscal quarter of 2011 saw a mortgage delinquency rate of 5.82 percent.

While this increase may seem small, it still marks the first time since the end of 2009 that mortgage delinquency rates have risen.

Clearly, TransUnion officials were caught off guard by this development.

“It’s much different than we’ve been talking about the last few quarters,” said Tim Martin, the vice president of TransUnion’s U.S.

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Tags: Report, Report Mortgage

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