The concept of Personal Bankruptcy “Cram Downs” was established in the “Helping Families Save Their Homes Act ” in 2009. The Helping Families Save Their Homes Act allow bankruptcy judges to “cram down” the second mortgage on investment properties, second homes and also modifying the first mortgage. Contrary to the rule, judges in California, Texas […]
Credit Restoration
8 Credit Score Myths
Your credit scores are one of the most critical pieces of your financial life. Whether it’s a utility company, car dealership, auto insurance, business loan, home loan, landlord or employer, they all utilize your credit scores as a factor for credit risk. How valuable is your credit score? First and foremost, bad credit can cost you […]
Your Credit is Your Report Card for Everything
Take Warren Buffet’s advice, owning a home is better than renting one. In this market, even renting a home requires good credit. If you have good credit, why not own a home? Your credit scores are viewed constantly, like a report card in everyday life. I have summarized six important topics of obtaining and retaining […]
Bad Credit Plus Strategic Defaults Equals Rent Inflation
Have you noticed rental prices are on the rise? 2011 rental markets are heating up due to the demand of renting versus the eligibility of home ownership. Popular interests of renting versus buying are called “Generation Rent” in opposition to the once favorable “Homeownership Society.” In a recent Bloomberg’s article “Housing has become “a contributor […]