Financial Strategies to Employ Until the Economy Improves

The latest report from RealtyTrac concerning foreclosures  says, “The roller coaster pattern of foreclosure activity over the past 12 months demonstrates that while the foreclosure problem is being managed on the surface, a massive number of distressed properties and underwater loans continues to sit just below the surface, threatening the fragile stability of the housing [...]

The Dark Side of Bank of America’s Mortgage-Principal Forgiveness Program

Bank of America announced it would offer mortgage-principal forgiveness worth about $3 billion to 45,000 borrowers. The jury is (literally) out on whether it will be an equally good day for homeowners who can’t pay their debts.

Asset Protection Basics

Many people want to come in and talk about asset protection are surprised to learn that they have no assets to protect. “How can this be? “I own a car and a house!” Asset protection comes in to play if you own non-exempt property — property that creditors can reach; or if you anticipate that [...]