October 25, 2008
- Lenders Don't Want Your House
Lenders Don't Want Your House
With the huge number of homeowners facing foreclosure, it is true that your lender does not want your home. In fact, mortgage lenders are also victims in this crisis (believe it or not) as well. Your problem has become their problem!
With 8 homes in every 1000 currently in foreclosure (and many, [...]
October 24, 2008
- Selling Your Home: Will Anyone Want to Look?
Selling Your Home: Will Anyone Want to Look?
According to statistics, 80% of all new home buyers will use the Internet to check things out and then do a "drive by" on their own before ever contacting the seller or a real estate agent to see the house. Will anyone want to even see your home? [...]
October 23, 2008
- Financial Meltdown: Who's Really to Blame?
Financial Meltdown: Who's Really to Blame?
If you watch a lot of cable TV, you've no doubt been hearing all the nonsense about unqualified borrowers who got loans as a form of economic affirmative action.
They claim that the entire weight of the global financial collapse rests on the shoulders of unqualified poor, minority borrowers who got [...]
October 22, 2008
- Housing Recovery: Greenspan Speaks Out
Housing Recovery: Greenspan Speaks Out
According to an article he wrote recently for Emerging Markets magazine, former Federal Reserve Chairman Alan Greenspan says he sees the U.S. housing market will begin to recover in the first half of 2009.
Greenspan wrote that the recent slowing in the rate of decline in U.S. home prices is [...]
October 21, 2008
- Bankruptcy: Won't Help Foreclosure
Bankruptcy: Won't Help Foreclosure
Can filing for bankruptcy help homeowners facing foreclosure? Apparently, not much.
For most people, trying to negotiate changes in their loan with help from a housing counselor or lawyer is a much better option. While bankruptcy judges can reduce or eliminate certain kinds of debt, they aren't allowed to alter the total amount [...]
October 20, 2008
- Crash 08: Should You Be Scared?
Crash 08: Should You Be Scared?
With the Dow in a free-fall one day, back up the next, down the next, you may be wondering: should I be scared?
History will show, we've been here before, and we'll survive this time, just like before. Money Talks editor Stacy Johnson explains… (Video runs 1:40)…So, with the markets going [...]
October 19, 2008
- Saving Money: Is This Being TOO Thrifty?
Saving Money: Is This Being TOO Thrifty?
When the Rachel Ray show was looking for the thriftiest mom in America, they found Margie Read. Is this being a tad bit too thrifty? (Video runs 1:36)…So, have you ever picked up the condiments when you left McDonalds and taken them home to use them? We'd love to [...]
October 18, 2008
- Making This a Green Fall
Making This a Green Fall
Summer is a thing of the past and fall is upon us. In some parts of the country, you may already have turned on your furnace during cold nights. In many northern U.S. states, temperatures have already dipped into the 40s and high 30s, and snow has already fallen in some [...]
October 17, 2008
- Avoiding Overdraft Traps
Avoiding Overdraft Traps
There are some ways banks are zapping depositers for fees and you need to be aware of them and not fall into these traps. Money Editor Stacy Johnson explains… (Video runs 1:29)…Have you been hit by any of these fees? Were you able (or did you even try) to get any of those [...]
October 16, 2008
- 10 BIGGEST Home Buying Mistakes
10 BIGGEST Home Buying Mistakes
Based on 25 years of home-building experience for 30,000 people, here are the 10 biggest mistakes in home buying:
1. Not doing your homework. Knowledge is power. Tremendous information is available on the Internet. There is no excuse for entering the market unprepared.
2. Trying to make a shrewd investment. People need to [...]
October 15, 2008
- Banks: Is Your's Safe?
Banks: Is Your's Safe?
The FDIC just released a list of more than 100 troubled banks. Is yours one of them? Money Editor Stacy Johnson, explains… (Video runs a short 1:13)…
What is your take on this "banking crisis"? We'd love to hear your comments. Just use the comment link below and sound off, knowing that your [...]
October 14, 2008
- Remodeling? Five Questions to Ask
Remodeling? Five Questions to Ask
Before making any big changes to your home you should ask yourself these big questions:
How long do I plan to stay in my house after the renovations? The longer you plan to live there, the more creative you can be. But if you're planning on selling the house in the next [...]
October 13, 2008
- Gas Saving Devices: Are They a Scam?
Gas Saving Devices: Are They a Scam?
Everyone has seen them… ads for gadgets claiming to enhance your car's gas mileage. But are there really such things, or all the ads just scams? Our Money Editor Stacy Johnson takes a look… (Video runs 1:36)
Have you ever purchased one of these gas saving gadgets? Care to tell [...]
October 12, 2008
- Bailout: Will it Work?
Bailout: Will it Work?
The $700 billion bailout plan that has now been signed into law may get banks to start lending to each other again. But it remains to be seen how long that will take to jumpstart an ailing economy.
The goal is to unfreeze the credit markets. Financial institutions have become paralyzed with fear [...]
October 11, 2008
- Mortgage Costs to Watch Out For
Mortgage Costs to Watch Out For
Faced with plunging property values and rising defaults, lenders are charging borrowers higher mortgage rates and adding fees. Not all of these added costs are set in stone, however. If you're looking for a loan, vigilant shopping and a little haggling can go a long way toward landing a better [...]
October 10, 2008
- Holiday Shopping: What Are Your Plans?
Holiday Shopping: What Are Your Plans?
With the big year-end shopping holidays fast approaching, the credit market freeze couldn't come at a worse time for consumers, retailers and the broader economy.
Despite Congressional and House approval of the infamous $700 billion bailout for financial institutions, industry watchers say it doesn't guarantee that nervous lenders will unstick credit [...]
October 9, 2008
- 3 Ways The Bailout Will Cost Us
3 Ways The Bailout Will Cost Us
Many experts consider the bailout a short-term solution, but in the long-term, you could be paying for it in a least three different ways. Money Editor, Stacy Johnson, explains… (video runs 1:21)
So what do you think? Think we're all going to be paying for this bailout in even more [...]
October 8, 2008
- Defending Against Debt Collectors
Defending Against Debt Collectors
If you're having problems with debt collectors hounding you, be aware, it's unlawful for a debt collector to harass you. Stacy Johnson explains in this video, running 1:29…
Comments about this video? Just click the comment link below and tell us what you think…
October 7, 2008
- Home Inspections: For New Homes Too!
Home Inspections: For New Homes Too!
There are a lot of different things that need to be inspected upon the purchase of a new home. A common misconception by many home buyers is that simply because their home is newly constructed an inspection is unnecessary. Nothing could be farther from the truth. New homes require an [...]
October 6, 2008
- Banking Crisis: What's Next?
Banking Crisis: What's Next?
Money Editor Stacy Johnson explains the banking crisis. How we got here, who's to blame, and what's next. This video was recorded just prior to the house approval of the bailout plan, but his points are still valid. Video runs 3:41…
Any thoughts on what Stacy had to say? We'd love to hear [...]
