In a recent announcement, Fannie Mae and Freddie Mac have decided that they will suspend all evictions during the holiday season especially from December 19, 2011 to January 2, 2012. It has been also announced that if the property is occupied, the foreclosure attorneys will suspend the eviction for the time being so that the homeowners will be able to spend their holiday season in a better manner. However, it remains a fact that this decision won’t change the pre or post foreclosure processes.

After January 2, 2012, the normal course of action will start off and both the mortgage giants will redeem the foreclosure process. The homeowners will start receiving the eviction notices in order to move out of their property.

This announcement emphasizes on the fact that both Fannie Mae and Freddie Mac are committed to help the borrowers avoid whenever possible. They reach out to help the borrowers in every possible way so that the borrowers are able to save their property.

Mortgage fraud has been a significant problem for past few years. It has been noted that in the year 2010, there was an estimated loss of around $3.2 billion due to mortgage fraud nationwide. It is expected to exceed in the year 2011. Combating mortgage fraud is a priority for all of us in order to improve the housing market.  You can be a target of mortgage fraud if you own a home or are planning on purchasing a home or are attempting to short sale or foreclose it.

Here are 5 tips which will help you avoid mortgage fraud:

1. Referrals: You should contact the real estate agents and mortgage professionals in order to get referrals at the time of buying or selling a home. In order to be sure that the real estate agents and mortgage professionals are not scammers, you can check out their licenses with state, county, or city regulatory agencies.

2. Research: In order to be on the safe side, it is your responsibility to do the required research about the sale prices and the tax assessments of other homes in your neighborhood.
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Many of us have made credit cards our way of life and we can’t imagine our life without them.  However, after the recent economic crisis, a large number of people are taking a stand against it. They have started believing that credit cards don’t have to be the way of life. If a person properly manages his or her finances, it is possible to live without credit cards.

Here are 3 tips on how to you can achieve this goal:

• Know your income and expenditure: You should be aware of your monthly household income if you don’t want to fall back upon your credit cards.  Most of us don’t keep a track of their financial expenses every month. As a result, we start living beyond our means. It is here that the credit cards come into play. If you want to avoid credit cards, you should start planning your expenses as per your income. It’s better to spend less than your income. You can save the surplus amount for next month’s purchases. Thus, you don’t have to bank upon your credit cards any further.

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Loan modifications may or may not affect your credit score. Generally it is believed that a loan modification will have a positive impact on a borrower’s credit score. In case, if the lender has reduced the principle amount of your loan, it will also help you in reducing your debts. Also, if you pay off your debts on time after the loan modification for the next 6 to 12 months, your credit rating will start improving.

However, after the loan modification, if you’re late on your payments or start making partial payments, your credit score will get negatively affected. In addition, the lender would report the principle reduction as “debt satisfied for less than the full amount”. This will also have a negative impact on your credit score.

In certain cases, the lenders would not accept your loan modification request if you’re not delinquent on your mortgage payments. You may have to show that you are 30 days late on your payments. If the lender reports this 30 day late payment to the credit bureaus, your credit score can go down by few points.

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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.

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