Archive for March, 2009

03/22/09 Don’t Put Your Money Where Your Debt Is!

Just last week, I got phone calls from three different people who kept at least one deposit account (Checking, Savings, Money Market, CD, etc.) at the very same bank that issued them debt (via Cr Card, Mortgage, Business Line of Credit (BLOC), etc.).
 
Two of the callers informed me that their bank dipped into their checking accounts (with no warning) and withdrew sufficient funds [...]

03/19/09 Link that Reports on Roll-Out Status of Obama’s FC Plan

Tami Luhby at CNNMoney.com wrote a report today on the roll-out status of President Obama’s two-part (Affordable Refinance or Loan Modification) $75b Foreclosure Prevention Plan announced on February 18, 2009.
 
Go here to read it:
 
http://money.cnn.com/2009/03/19/news/economy/Obama_foreclosure_plan/index.htm?source=yahoo_quote
 
This report also provided a website that distressed homeowners can visit to determine whether or not they qualify for assistance under the Plan. Here it is:
 
http://makinghomeaffordable.gov/