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Foreclosure Epidemics

Started by washingtonindependent · 8 months ago

Subprime mortgages have ruined banks and insurance companies and brought the global economy to its knees. Now it looks like they’re also causing the spread of deadly West Nile disease.
In a weird new wrinkle in the story of the exploding mortgage crisis, the housing market in ... Continue reading »

4 comments

  • This election day, consumers who benefit and depend upon the privilege and the availability of payday loans for unexpected emergency expenses must speak up. You have a chance to say your piece and voice your demand for financial freedom. Ohio’s HB 545 is not a Robin Hood that will “steal from the rich and give to the poor.” Instead, this is more like the Sheriff of Nottingham appointing more vassals, and this is what banks and credit unions are supporting. They’re aware that this proposal will leave many financial operations, such as payday loans and other lenders, vulnerable or out of business. This will allow banks and credit unions the opportunity to snatch up any business that’s left behind, and subject consumers to a product that will be even more profitable to banks: overdraft protection. A 391percent on faxless payday loans is nothing compared to an overdraft protection which typically costs in excess of 1,000 percent APR. So, which one’s the moneymaker? Keep in mind that payday loans are typically only two-week loans to begin with, so it’s an apple and orange argument. In addition, voting NO on HB 545 will save about 6,000 jobs in Ohio. Undoubtedly, many who might lose their jobs because of government overregulation will be forced to work and/ or live outside of Ohio. This means it will create a tax and spending power deficit for a state that is already suffering severe budget problems. Join in on the discussion and heed what people’s perspectives are on HB 545 on the blog at http://ideatreks.wordpress.com/2008/05/01/ohio-.... If you value the importance of financial freedom and you want to prevent further economic disaster, vote NO on HB 545.
    Post Courtesy of Personal Money Store
    Professional Blogging Team
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    Home: http://personalmoneystore.com/NoFaxPaydayLoans....
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  • HB 545 is not a Robin Hood that will “steal from the rich and give to the poor.” Instead, this is more like the Sheriff of Nottingham appointing more vassals, and this is what banks and credit unions are supporting. They’re aware that this proposal will leave many financial operations, such as payday loans and other lenders, vulnerable or out of business. This will allow banks and credit unions the opportunity to snatch
  • Loans modifications is the answer in preventing foreclosure.
  • Its true that foreclosures are an epidemic. For those that want to save their homes and avoid foreclosure, a loan modification is the best answer!

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