Sunday, February 14, 2010

Happy Valentine’s Day!

Today is February 14th, 2010…Valentine’s Day! On this day each year we show the ones we love most just how we feel about them by sending cards, candy and flowers. In today’s tech world we also send hearts and messages through our Social Pages…I know I sent mine yesterday and received quite a few, too!
No matter what you have planned for today, being with the one you love most is the truly important thing. Take the time to tell those important people just how much you care. Words and actions are still our most powerful means of communication and mean so much more when they come from the heart.
I hope everyone has a safe and Happy Valentine’s Day.

Thursday, February 11, 2010

2010 Winter Olympics

The opening ceremonies for the 2010 Winter Olympics in Vancouver begin tomorrow, Friday, February 12, 2010. The ice skating competitions, both individual and couples, have to be my favorite. Takes me back to when Peggy Fleming was America’s sweetheart. And of course the skiing events are always big on my list for excitement. And who can forget the snowboarding and luge events? Wonder what thrills we will see this time?
So you know where I will be…watching and rooting for America to bring home the Gold!!
Good Luck and Godspeed to all of the athletes who are competing. Remember, you are already champions just for making it this far.

Sunday, February 7, 2010

SUPER SAINTS SUNDAY

Who Dat gonna beat my Saints?? It sure wasn’t the Colts!! 31-17!!
I have waited a L O N G time to see My Saints go to and Win a Super Bowl.
Party in the MIA and on Bourbon Street!! Geaux My Saints!!

My only question is…Does the interception made by the Saints count as
a Pass Completion for Manning??!!!! LOL (very LOUD)

Geaux Saints!!!

Super Bowl Sunday!!

Hello everyone. Getting ready for Super Bowl Sunday and just wanted to say, "GOOO SAINTS!!", "WHO DAT?", and of course "PARTY IN THE MIA"!!
I am a born and bred New Orleans Saints fan from way back when and am so proud of my Home Team!! Wish I could be in MIA, but will console myself with watching with my new home theater system...Thanks Santa!!
Once again...Go Saints!!

Friday, August 14, 2009

Ways To Avoid Foreclosoure

Almost everyone will face hardships at one time or another, especially with the economy in it's current condition. You are not alone in this situation so you don't have to be embarrassed. One of the first and most important Ways to Avoid Foreclosure is to admit there is a potential problem and address it. The foreclosure process is complex and expensive, therefore lenders don't want to go through it anymore than you do.
One of the best Ways to Avoid Foreclosure is by keeping the mortgage company advised of your current circumstances. Instead of waiting for them to notify you of a late or missed payment, get on the phone and make them aware that you are serious about making the loan payments but may require a little more time. Loan companies are more willing to work with someone who is proactive and shows their concern and willingness to be responsible for their obligations.
Foreclosure proceedings can begin as quickly as within two months of missed payments. Time is not always on your side unless you take action quickly by asking for help before any payments are missed. The more time that goes by, the higher the risk, penalties, and other fees will be-not to mention the accrued interest.
More details on Ways to Avoid Foreclosure will be discussed later.

Monday, June 8, 2009

How Bankruptcy Can Help Stop Foreclosure

If pre-foreclosure resources have been expended and the lender had formally initiated foreclosure proceedings, bankruptcy is an option to stop foreclosure if a short sale or obtaining a deed in lieu of foreclosure fails. Bankruptcy can stop all debt and is an option if your debt grows too difficult to clear.
Bankruptcy could be preferable to foreclosure since it erases debt and so the borrower can build good credit sooner. A foreclosure will put a large dent in the credit score and but does not cancel the debt so it may take longer to build credit.
Filing a Chapter 13 or Chapter 7 bankruptcy allows the court to issue an "automatic stay" that directs creditors to cease their collection activities. This stop is active for three to four months while bankruptcy proceedings are held. Be warned that a lender could motion to lift the stay and proceed with the foreclosure if you begin proceedings too late.
Chapter 13 Bankruptcy Advantages
Also known as a wage earner's plan, borrowers can develop a repayment plan to make installments to creditors over three to a maximum of five years. During this time, creditors cannot continue their regular collection efforts. However, borrowers must still make all mortgage payments within the Chapter 13 plan on time. Other secured debts can be rescheduled over time to lower the payments. Borrowers make the payments to a Chapter 13 trustee who then distributes payments to creditors so there is no direct contact between creditors and the debtors.
Chapter 7 Bankruptcy Advantages
Chapter 7 bankruptcy will erase the debt that is secured by a borrower's home. However, the bankruptcy trustee gathers and liquidates the debtor's nonexempt assets to pay the creditors. FORECLOSURE IS NOT CANCELED. The borrower's home will be used as collateral as well.
But during a Chapter 7 bankruptcy, a borrower can live in the home for free during bankruptcy proceedings so the borrower can look for a new place to live during the proceedings.
To be eligible for Chapter 7 bankruptcy, the borrower (1) must have an average gross income six months prior to the proceedings to be less than the state median income and (2) must not be eligible for the Chapter 13 repayment plan.
This article is written by Timothy McFarlin - an experienced loan modification attorney. Tim has over 10 years of loan modification and bankruptcy experience and has helped many corporations and people with securing a better life. You can visit his website at McFarlin and Geurths LPP Law
Article Source: http://EzineArticles.com/?expert=Timothy_McFarlin

Sunday, June 7, 2009

Stop Foreclosure-Legal Action You Can Take to Save Your Home

If you are facing foreclosure you want to take charge of the process. Your main goal is to stop the foreclosure. You want to save your home. You also want to protect yourself and your family.

One step in the process is to determine whether you can get the upper hand in legal action with your mortgage company. You may wonder how this can be done. There are several different approaches. Let me review two of these with you.

The first is called "Produce the Note" defense.

After you got the money for your mortgage, your mortgage company probably did not keep your mortgage. They probably sold it to an investor who packaged it with other mortgages and sold investments in that package to investors on Wall St. These investments were bonds.

Technically the note you signed at closing has to be passed on to each party at each step of the way and is to be held by the end investor. With the volume of mortgages done from 2000 to 2006 most companies did not pass the original note on to the end investor. Frequently the original note was misfiled along the way.

In court action lawyers specializing in foreclosure have asked the judges to have the mortgage company produce the original note to show that they, in fact, were the true owner of the mortgage. When the mortgage company cannot produce the note, the case has been thrown out.

This first happened on a case in Florida. In 2007 14 foreclosure cases were thrown out in a court in Ohio when the mortgage company could not produce the note.

This tactic is primarily designed to get a delay in the foreclosure. The goal of the lawyer representing the person facing foreclosure is to get the mortgage company to negotiate a monthly payment more favorable with their client. This payment is a lower one that the person can make every month. It will enable them to keep their home.

This defense is not as successful as it was originally. Mortgage companies are now making sure that they have the original notes before going to court.

The second and more successful action is to show that at the time you got your mortgage, the mortgage company made legal errors. In the process they misled you and violated federal or state laws.

Your lawyer will review all of the documents that you signed at closing when you got your mortgage. They will ask you if your mortgage company or loan officer said anything to you which was different from what appeared in these documents.

If there is a prepayment clause in your mortgage was that disclosed to you before closing? Did you know what that prepayment penalty was?

Was the interest rate on the closing documents the same as what you agreed to with your loan officer? Were you led to believe that you were getting a regular thirty year mortgage? At closing did you find out that it was a 2/1 or 3/1 Adjustable Rate Mortgage?

Your lawyer can use any legal misrepresentations to help you gain the upper hand and to stop the foreclosure process. It also enables them to have the upper hand in negotiating a more favorable settlement for you with your mortgage company.

As you can see, it's a two way street. Your mortgage company can take legal action against you. You can also take legal action against your mortgage company. To take control of the foreclosure process you may want to go to court.

If you feel legal action is in order, don't make the mistake and try to represent yourself. Hire a lawyer who specializes in foreclosures to represent you. They are skilled in knowing what to do and how to do it. If you try to represent yourself, your chance of being successful is greatly reduced.

As a real estate investor since the 1980's Mark Elkins has seen the devastating impact foreclosure has had on common ordinary people. This has led him to study and gain much knowledge and insight into how to help people in foreclosure to take the offensive, reverse the process, save their home and minimize their losses. Please visit his website, http://www.stopforeclosureanswer.com

Article Source: http://EzineArticles.com/?expert=Mark_Elkins

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