In many states, if your house is foreclosed or if you turn it into the lender and it is sold for less than the mortgage, you are still obligated to pay the balance of the …

The truth is that, in most cases, foreclosure prevention activity fails. The loan servicing company doing the foreclosure has no skin in the game. They do not care how much of …

It looks like Bush will cave in and sign the compromise foreclosure prevention bill passed by the House and sent to the Senate. For those who are in foreclosure — or who may …

We’ve all seen the ads on TV. “Got trouble with the IRS? Our professional counselors — many of them former IRS agents — can fix it for you. Call now.” Turns out that it’s not …

One of the most important payment terms on your credit card is the deadline for payment. Even if you are a person who pays the whole balance every month - depending on your balance …

The New York Times has started a series on debt, and the first issue contains some discouraging stats. The liberalization of lending rules has, over the years, created a nation of serious debtors. …

The Wall Street Journal reports that private mortgage insurers are adding more and more areas to their list of “declining markets.” If you live in one of these markets (like Chicago) you will …

If the amount you owe a creditor is low (certainly if it is under $1,000), and it is way past due, the best thing for you to do could be to …

The subprime market has disappeared, but just in case banks ever get the idea that they will like to return to making high rate mortgage loans, the Federal Reserve has some new rules they will …

If your mortgage is in trouble, there are many different things you can do. Bankruptcy and Cram-downs are the two most likely to help. Bankruptcy is one of the best options out there for this …