What is a Foreclosure? A foreclosure is a legal process a mortgage lender can pursue in the event of non-payment to force the sale of a property (usually a home). Each state and even specific localities have drastically different laws and approaches to the foreclosure process, but there are generally two types of foreclosures: Judicial …
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In the coming days, I’ll be posting information about mortgage debt and what to do when you find yourself in a mess with your mortgage. I’ll address foreclosures, short sales, and deeds in lieu of foreclosure. We’ll also discuss the credit implications and some alternatives to these problems, and get into a little bit of …
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The world of investing can be daunting and there is so much to learn that the average person could never expect to fully understand it. Plus, if you watch any of the talking heads on the news, you’ll be scared to death to even begin putting your money away in the market. This is why …
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During my tenure as a debt collector, I worked with debt management companies and CCCS agencies quite a bit, albeit a bit indirectly. However, I learned several things about what those companies do to help consolidate loans and the role they play in restructuring personal debt. Especially when it comes to credit cards or other …
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The idea of debt consolidation is pretty simple: combine a bunch of small (usually high-interest) bills into one bigger loan, with the goal of having a debt consolidation loan that offers a lower overall required minimum payment vs. the smaller ones combined. Debt consolidation companies aren’t all bad – they offer a truly marketable service. …
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Hi! I'm Barry. I'm glad you stopped by and hope you'll enjoy your visit. My goal is to provide practical, real-world solutions to positively impact you where it often matters most – your pocketbook! My approach looks beyond the simple math of personal finance to place the focus on the behavior that drives your financial choices. Follow along and I'll help you get out of debt, save for short- and long-term goals and set good priorities with your money.