Friday, March 28, 2008

Music to my Ears... Paid in Full...

http://www.washingtonpost.com/wp-dyn/content/article/2007/04/06/AR2007040600922.html


Paid in Full By Robert J. BrussSaturday, April 7, 2007; Page F06

DEAR BOB:

Next month I will write my final mortgage payment check and want to be sure all the related details of paying off the mortgage go smoothly. What steps should I take? -- Daphne M.A:

DEAR DAPHNE:

Congratulations on writing your final mortgage payment check....Phone the lender a few weeks in advance to determine the exact amount of your final payment. (It may be slightly more or less than your regular payment.) Ask how long the lender usually takes to process a final payment and send you either the deed of reconveyance (for a deed of trust) or a mortgage satisfaction (for a mortgage payoff). This time frame should not be longer than 30 days after the lender receives your payment.Inquire as to whether the lender will record the document clearing your title or whether it will be sent to you so you can record it in the county where the property is located.Follow up in 30 days to be certain you received the promissory note you signed years ago marked "paid in full," and make sure the documentation was properly recorded. Lenders have no financial incentive to clear titles promptly, so it's up to you to get it done correctly.You can hold a symbolic mortgage-burning party, but never burn or destroy your actual mortgage documents. Instead, you might want to frame them.

http://query.nytimes.com/gst/fullpage.html?res=9c07e5d71e38f934a35751c0a96f958260

http://www.latimes.com/classified/realestate/news/la-re-payoff9mar09,0,3622083.story?page=2&track=rss

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Tuesday, March 25, 2008

Foreclosure pets and preventing foreclosures...

Losing a home is an emotional experience for anyone, but news sources now report that beloved companion animals are also being affected in the foreclosure crisis.

Cats, dogs and other pets are being left to fend for themselves when homeowners are forced to move to a rental unit that doesn't accept animals, or families simply cannot pay for pet care any longer because of rising home debts.

The Senate is considering the Foreclosure Prevention Act (S. 2636).

If passed, the Foreclosure Prevention Act will allow victims of abusive lending who are facing foreclosures to stay in their homes while they work through the bankruptcy courts to repay the debt.

For thousands who are victims of abusive lending practices, pet care is often the last thing they can think about.

The Foreclosure Prevention Act will not only help over 600,000 families stand up to abusive lending companies, but it may help hundreds or even thousands of "Foreclosure Pets" stay with the families and senior citizens that love them.

There are REAL solutions to the foreclosure crisis...preventing foreclosures...

Email or call me for a FREE analysis to see how you can save money on your mortgage...

Sunday, March 23, 2008

Pay the Bank or Pay Yourself... You can choose now...




Become Mortgage Free with a MoneyMerge Account... even if your HELOC has been frozen...

email me for a free analysis today...

Financial gurus such as Rich Dad Poor Dad Robert Kiyosaki, Robert Allen, Suze Orman, David Bach and others suggest that one of the key tips to financial freedom is paying yourself first. They also suggest that you cut spending, eliminate debt and start saving and investing your money. Here are 15 ways to trick yourself into saving money...

http://www.thedigeratilife.com/blog/index.php/2007/11/13/force-yourself-to-save-15-painless-ways-to-pay-yourself-first/

The fourth tip is to make extra mortgage payments... "By accelerating your mortgage payments, perhaps by making an extra payment towards your mortgage, you’re contributing to your equity and thus, your pocketbook. Just another way to help pay down a good debt obligation."

Fine and good... and there is a quicker, more powerful way to cut down on your mortgage payments. Most homeowners realize they will pay about twice the purchase price of their home on a traditional mortgage—a mortgage that will take about 30 years to pay off. What if your mortgage can be paid off in as little as 1/2 to 1/3 the time, with little to no change to your lifestyle or refinancing of your existing mortgage. Even if you have a negative amortization, even if your HELOC is frozen... because you become the banker with the Money Merge Account software.

The Money Merge Account system is not a bi-weekly payment or debt roll-down system. It’s a powerful new approach that gives homeowners flexibility with their money and accelerated financial freedom.

Free analysis...