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Services for Real Estate Pros - MyCreditHell
What do the major trends in economics have to do with me. What does it mean for me when the fed drops a rate or credit card companies stop issuing debt.
RECENT BLOG POSTS
The answer may be NO! Not if your modification will leave you searching cash monthly. Not  if you owe a lot more than you home is worth. The main points are: The market economy that we are in right now is driven by the fall in house values. More people losing their homes means more houses on the ...
01/16/2009
www.MyCreditHell.com. There is a huge amount of mis infromation about what is possible in Loan Modifications. Here is a brief review of what is happening today. Tomorrow is who knows? Modification is just a change in the current loan contract. It is not another loan so all of the old, unmodified...
01/15/2009
If you could keep your home would you file for bankruptcy reorganization? The answer for many has to be a resounding yes. 7 to 10 years of reduced FICO scores may be a good trade off for a huge reduction in their mortgage debt and relief from other bills. Lenders would be forced to "write down" ...
01/13/2009
:!:Click Here to go to www.MyCreditHell.com. Click here to see power point. There are four phases to price fluctuation in real estate. The four cycles (Price Increase, Price Plateau, Prices Falling, and Market bottom) have characteristics that allow them to be easily identified. The factors are: ...
01/05/2009
Click Here to go to www.MyCreditHell.com. Should I be negotiating with the collection company or the creditor? Once your creditor has hired a collection company the baton is passed. So, you should negotiate with the collection company. When negotiating remember these points: 1.Always speak to a d...
01/03/2009
http://mycredithell.com/partnerblogs/sharon/blog1.php/2009/01/02/howdoiknowifiqualifyforaloanmodification Click Here to go to www.MyCreditHell.com. By Sharon Cohen scohen@mycredithell.com Banks use formulas to determine whether or you will qualify for a modifcation. Generally speaking, your home ...
01/03/2009
go to www.mycredithell.com forum to download an actual modification.  http://www.mycredithell.com/forum.html?task=viewtopic&pid=50#p50
01/03/2009
Please visit http://www.mycredithell.com/forum.html?task=viewtopic&pid=49#p49 for downloadable projection by city of hosuing prices in Jun and Dec 2009 and Jun and Dec 2010. 
01/03/2009
Click Here to go to www.MyCreditHell.com. So called "Mortgage Cram-Downs" are an impolite name for bankruptcy judges forcing lenders to write down the principal balance of the mortgage loan for debtors. Of course the catch is that you'd have to declare bankruptcy but the benefits could be huge. F...
01/03/2009
Click Here to go to www.MyCreditHell.com. Greenwich Financial Services just filed suit against Countrywide (on behalf of their investors) claiming that under the terms of its bond agreements Countrywide must purchase from investors all the loans on which it reduces payments. David Tilem comments ...
12/30/2008
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Eric Lesin

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What do the major trends in economics have to do with me. What does it mean for me when the fed drops a rate or credit card companies stop issuing debt.