Housing Foreclosure Bill HR-3221 (Housing Bailout) Passed
HR 3221 was passed by the house late yesterday. To see how your party voted click here.
It does not appear that the president will Veto this bill allowing the tax payers to be responsible for bad bank loans and irresponsible borrowers.
If you object to this legislation, now is the time to contact your representative. Contact information can be found for most state representatives here.
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Why You Should Not Lease! A sampling of Yukon Denali Leases
If you have read through this site, you know that I offer many ways to help you figure out if you are getting a good deal on your lease. I also stress the importance of not leasing a car if you are at all unsure of any factors that determine how a lease is [...]
Low Payment - High Down Payment
You know those front door deals, packaged in nice borders, a payment you can afford, and colors that appeal to your eyes.
You find yourself running for the door, a BMW for $250 a month, a Mercedes for $275 a month, or any other deal that seems to good to be true.
So [...]
More on Regulation Z and your heloc loans
More on Regulation Z and your heloc loans
I was surprised at the large response to the last post about regulation z of the fair lending practices set forth by the FDIC and as such decided to add a few more details to how it directly protects you regarding Helocs.
Under section 226.5b of the fair lending [...]
Time to check the status of your Line of Credit
In an effort to reduce risk in this uncertain market, many banks are sending notices to home owners that their line of credit on their home has been frozen or reduced. In a letter to the banks from the FDIC, banks are urged to take a reasonable and systematic approach. A blanket reduction [...]
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