As many of you know Credit Repair Companies are a dime a dozen. Most of the credit repair companies I have come in contact with charge around $500 or some sort of monthly fee. From the feedback I have received, most of them are not very good.
In an effort to find a VERY GOOD credit repair company I started researching them and met with several. 1 or 2 seemed to be very good but charged an arm and a leg. I finally found one that was not only superb but were also reasonable in their pricing. In addition, they have a money back GUARANTEE. I have already referred them to many Real Estate Brokers and Mortgage companies with phenomenal results.
One of the reasons this company is so good is that the President of the company was a former high level executive with Experian.
I would love to share more information on this company with you. If you are interested, please email me at jason.donn@yahoo.com or call me @ 954-892-6244.
Jason Donn
Saturday, March 14, 2009
Sunday, March 8, 2009
Foreclosure nation
Posted by Scott Van Voorhis
Looks like the foreclosure epidemic is getting its second wind.
The first wave of foreclosures featured homeowners duped into buying homes they couldn’t afford with goofy, subprime loans. Not to mention a whole lot of small-time investors who bought units in hopes of flipping them for big profits, as well as a just outright fraudsters who used straw buyers to create artificial sales.
But much of that first wave of crazy subprime mortgages gone bad has already crashed into the housing market and economy. Now we are starting to see the second wave, regular homeowners who are losing their jobs and their homes due to the economic downturn, of course triggered in part by the subprime fiasco.
Anyway, that is the way some are reading the latest foreclosure stats, with the number of troubled mortgages rising to 7.8 percent of all home loans, the highest since 1972, Bloomberg reports. Loans actually in foreclosure now amount to 3.3 percent of all mortgages in the country, an all-time high.
The Mortgage Bankers Association is pointing to the deepening recession and job losses as a key factor behind the growing number of bad loans.
Let’s just hope President Obama’s $75 billion lifeline to homeowners in trouble works a bit better than the now long list of previous multibillion-dollar rescue plans rolled out by the federal government and several states, including Massachusetts.
Still, even the president’s ambitious effort won’t help you if you’ve lost your job and have no money at all to pay your mortgage.
Jason Donn
Looks like the foreclosure epidemic is getting its second wind.
The first wave of foreclosures featured homeowners duped into buying homes they couldn’t afford with goofy, subprime loans. Not to mention a whole lot of small-time investors who bought units in hopes of flipping them for big profits, as well as a just outright fraudsters who used straw buyers to create artificial sales.
But much of that first wave of crazy subprime mortgages gone bad has already crashed into the housing market and economy. Now we are starting to see the second wave, regular homeowners who are losing their jobs and their homes due to the economic downturn, of course triggered in part by the subprime fiasco.
Anyway, that is the way some are reading the latest foreclosure stats, with the number of troubled mortgages rising to 7.8 percent of all home loans, the highest since 1972, Bloomberg reports. Loans actually in foreclosure now amount to 3.3 percent of all mortgages in the country, an all-time high.
The Mortgage Bankers Association is pointing to the deepening recession and job losses as a key factor behind the growing number of bad loans.
Let’s just hope President Obama’s $75 billion lifeline to homeowners in trouble works a bit better than the now long list of previous multibillion-dollar rescue plans rolled out by the federal government and several states, including Massachusetts.
Still, even the president’s ambitious effort won’t help you if you’ve lost your job and have no money at all to pay your mortgage.
Jason Donn
Wednesday, March 4, 2009
Housing bailout details are released
The Obama administration today is rolling out details of its plan to help as many as 9 million homeowners restructure their mortgage debts and avoid foreclosure.
Here's a link to the summary of guidelines for the program. There are plenty of additional details posted on the Treasury Department Web site.
To be sure, the effort has evoked mixed feelings.
The majority of folks who played by the old-fashioned rules of saving money and not buying more house than you can afford may feel a twinge of resentment at bailing out a lot of people who grasped beyond their economic reach.
Others contend that many of the folks who are in a foreclosure fix got there through no fault of their own other than an unlucky turn in the economy or falling victim to unscrupulous lenders and their Wall Street enablers.
The truth, as usual, lies somewhere in the middle. And the economy is already so weak that simply letting the housing market collapse could worsen the plight of everyone.
My preference, of course, would be for the feds to buy up enough mortgage-backed securities to drive down mortgage rates and enable even more folks to refinance at new lower fixed rates. The resulting cash flow tsunami cold float the entire economy.
Just a - modestly self-interested - thought.
Submitted by Chris Lester on March 4, 2009 - 12:22pm.
National Economy
Contact Jason Donn
Here's a link to the summary of guidelines for the program. There are plenty of additional details posted on the Treasury Department Web site.
To be sure, the effort has evoked mixed feelings.
The majority of folks who played by the old-fashioned rules of saving money and not buying more house than you can afford may feel a twinge of resentment at bailing out a lot of people who grasped beyond their economic reach.
Others contend that many of the folks who are in a foreclosure fix got there through no fault of their own other than an unlucky turn in the economy or falling victim to unscrupulous lenders and their Wall Street enablers.
The truth, as usual, lies somewhere in the middle. And the economy is already so weak that simply letting the housing market collapse could worsen the plight of everyone.
My preference, of course, would be for the feds to buy up enough mortgage-backed securities to drive down mortgage rates and enable even more folks to refinance at new lower fixed rates. The resulting cash flow tsunami cold float the entire economy.
Just a - modestly self-interested - thought.
Submitted by Chris Lester on March 4, 2009 - 12:22pm.
National Economy
Contact Jason Donn
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