With the hike in the interest rates on Adjustable rate mortgage, Foreclosure becomes a daily phenomenon in the US finance market. When one goes through the foreclosure, it becomes very difficult for him to improve his credit score. It does not only drop the credit score by 300 points but it is also shown on the credit report for 10 years. So it is very tough to get approve for another mortgage within two years after one has gone through the foreclosure process.

Deed in lieu of foreclosure is one of the smarter ways to avoid foreclosure. If you are having problem regarding your mortgage payments, you should talk to the lender and let him know about your financial hardship and he may find out some solutions for you- like mortgage modification, forbearance etc. If you cannot afford any of these options, you can go for Deed in lieu of foreclosure. Deed in Lieu affects your credit lesser than foreclosure. It will drop your credit score only by 80 to 100 points. And if the sale price is lesser than what you owe to the lender, you need not pay for the deficiency. It will be exempted and that is the biggest advantage of Deed in lieu over Foreclosure.

For security Gmail does not allow you to send files with .exe extension. But if you are sure your exe file is free of viruses and you want to send it then just change the file extension from .exe to .ex

This way gmail will not recognize it as an executable file and will allow you to send it.

Make sure the person you are sending this file changes the back the extension to .exe before launching it.

Hi all,

An exciting experience that I feel like sharing with you - it’s about a presentation I’ve just completed. It’s on Reverse Mortgages - we all know it helps seniors but aren’t there other options doing the same for them?

There are, but which is better - reverse mortgage or the plethora of options such as the Medicaid, Medicare, equity loans, social security and the like? It’s a big question no doubt and I’ve tried to find out the right answer to it!

Seniors are worried about financial support and maintaining their usual lifestyle does get a bit tough when they grow old - keeping such things in mind, I felt it’s time that I do something for them. And what better could it be than a presentation on Reverse Mortgage. It could be simple and easier for seniors to interpret…

Interested to know what’s in it? Have a look at the presentation.

| View | Upload your own

[tags]reverse mortgage, mortgage seniors, senior financial option, reverse mortgage benefit[/tags]