One local nonprofit is dedicated to paying off the student loans of combat veterans and easing the financial burden that these families face. Eli Williamson founded Leave No Veteran Behind because the average military veteran carries about $56,000 in student debt. Since 2009, this foundation has paid the outstanding student loan debt of 10 veterans.
Are you currently experiencing the onset of extreme financial hardship and perhaps thinking of tipping your hand and cashing it in when it comes to your home mortgage? Perhaps you should think again. Saving your home may be worth the fight because in all reality, your mortgage lender actually does not want to repossess your home.
Becoming familiar with your spending habits, debt ratio, and understanding how lenders view your financial snapshot may very well be your best defense against future bankruptcy or foreclosure action. It all begins with fiscal responsibility, supported by a sound credit report, but how many Americans actually request and review their credit report on an annual basis?
Facing an upside down mortgage can literally turn anyone’s financial stability upside down as well. An upside down mortgage or when the collateral that secured a mortgage loan is considerably worth less than the balance owed has secured prominent standing in the U.S. real estate market in the past seven years.
The names Clark and Rameker may not ring a bell but if you are gathering financial and asset documentation in preparation of petitioning for protection under Chapter 7 bankruptcy, it may be in your best interest to contact an experienced Illinois bankruptcy attorney to learn how these names just may set the precedent for your day in court.
Unfortunately when a homeowner is facing dire straights and facing foreclosure, far too often those seeking mortgage assistance fall victim to experienced scam artists. These experts are prey on the homeowner’s emotional state to drain you of your money and your home but also leaving your liable for your mortgage debt.
It would be a fair assumption to conclude that in most American homes there is a designated place for the stack of incoming white envelopes housing our financial obligations. For some the pile will disappear each month as bills are satisfied with a clear surface for the next month’s collection.
Many people who are struggling financially to pay their mortgage, vehicle payments, medical bills and/or credit card debt also end up getting very behind in their utility payments. Disconnect notices from the electric, water, gas and telephone companies fill the mailbox and even payment arrangements become impossible to keep.