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Why did America bail out the banks mortgage when they were making 2 to 3 x the total amount of the loan?

If it was a 0,000. dollar loan the insurance paid the bank 0,000 to 0,000.

Why did America go into debt to "save" this money making scheme?

Do you feel robbed? or ripped off?

Foreclosure info from LPS details banks getting paid 2-3x for the foreclosure

LPS, short for Fidelity’s Lender Process Services is the nations largest insurance & foreclosure tracking servicing and is used by many banks to handle the nitty gritty details involved in managing your home loan – specifically how to maximize profits for the bank at the homeowner’s expense AND to clean up any troublesome title issues related to cleanly foreclosing on your home by a lender who is TOTALLY DIFFERENT from the one whom you started AND different from the lender named in the recorded documents living in the property records.

My favorite rip-off is the banks’ plan to insure your home month by month when they intend to foreclose (and add it to your bill) but not naming you in the policy so you reap no reward.

Think of it this way. The bank takes out insurance to pay off your loan if they have to foreclose. They foreclose, collect the insurance money, SELL YOUR HOUSE keeping that money, and then SUE YOU FOR THE DEFICIENCY between what you “owed” and what they got at the foreclosure auction! Nothing like trying to collect three times!!

Sweet deal for the bank. Sour for the homeowner.

http://homesolutioncounselors.com/foreclosure-info-from-lps-details-banks-getting-paid-2-3x-for-your-foreclosure

If you have an adverse credit history, with mortgage arrears, County Court Judgements, etc, DO NOT WORRY, we may still be able to help as we have a specialist department and excellent lenders to deal sympathetically with these types of applications. All applications are handled quickly and easily with no up-front fees.

Mortgage Refinance for Debt consolidation. April Dunn – Kelowna Mortgage Broker – Mortgage Alliance Homeline Mortgage #14 – 1470 Harvey Ave., Kelowna, BC V1Y 9K8 250-826-3543 www.aprildunn.com

realestatemarketingthisweek.com – If facing financial issues make sure you hire qualified help, mortgage broker, financial planner, CPA and attorney – http Part 8 – So with the real estate market, we know here in Arizona, there are literally hundreds of thousands, maybe millions of people that are confronted with a very difficult decision, declining home values, upside down in the home, the home value is worth much less than they actually owe, we need to give them options. If the option is foreclosure, short sale or loan modification, I would take the modification approach, most likely we would have to look at a person’s situation a little bit closely, but as I am going down some of the things that we have prepared for the show today, it looks like there are four main issues that people should know they need to consider, the cancellation of debt income, capital gains tax issue, the deficiency judgments side, and the credit report side and Mike, I know you can talk to some of these things. But we brought up in the first segment what I think this might represent and then I think we started to talk about how Mike can help people minimize the impact of what that would look like on the tax return or eliminate based on the situation, so let’s make sure that the people know these four concerns are something they should consider as they seek advice. Absolutely, and it’s really important that you talk to each arm of the team. You’re not going to be able to make all of these …

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After a little over a year I’ve worked my butt of to become debt free by living frugally and way under my means. I am now going to receive a ,000 bonus from my job. What is the best way to allocate this money?

I have no emergency fund, nor do I have any retirement. I don’t want to spend this money frivolously. I’m done with that.

Should I put it into an emergency fund? Or start my retirement? (I’m 25 years old)

I was also thinking of using the money to use towards down payment on a house because I would rather pay mortgage than pay rent if the amount equals out.

Financial advice is appreciated! Thank you!
I make ,800 a month take home if that helps.

www.maxhouse.com Payoff mortgage debt, don’t refinance mortgage debt. Refinancing mortgage debt destroys your financial life. Don’t refinance mortgage debt, payoff mortgage debt with a Mortage Savings Account at www.maxhouse.com. Refinancing mortgage debt mortgage debt with a Mortage…

www.howdini.com How to deal with subprime mortgage loans What to do if you have a subprime mortgage you can’t handle? Default, walk away, sell at a loss? Here’s everything you need to know from author and CNN personal finance editor Gerri Willis. Keywords: subprime loans subprime…