Bankruptcy from Medical Bills - The Next Economic Crisis

Pop Quiz: Try to name at least two industrialized nations in the world where people have to declare bankruptcy because of their health care costs. Do you give up? That’s because it’s a trick question. There’s only one industrialized nation in the entire world that falls into this category … the United States.
“Medical bankruptcy” is [...]

Obama Mortgage Loan Modification Scams

Put the words Obama and mortgage modification into the headline of your website, and you’ll get the attention of a lot of people. Who knows — you may even get some of their money, too. This tactic is used by a lot of mortgage modification scams lately. But after you finish reading this post, those [...]

Fewer Credit Cards for People with Bad Credit

Changes within the credit industry could soon put cards out of reach for people with bad credit scores. These changes are happening now, and they will continue through 2010. Here’s what you should know:
I don’t usually write about credit card topics on this blog, because it has little to do with the real estate focus [...]

Credit Score of 720 - Can I Get a Mortgage Loan?

Reader Question: “I recently checked my credit scores from all three bureaus, and found that I have an average of 720 points. I want to buy a home later this year. Can I get a mortgage loan with a 720 credit score, or should I try to improve it before applying for loans?”
Let me start [...]

Using Your 401K to Buy a House - The Pros and Cons

A lot of people saw their 401K balances tumble downhill over the last couple of years. It’s enough to make you sick. It’s also enough to light a fire under you, and that seems to be what’s happening right now for a lot of folks. Many first-time home buyers are starting to use their 401K [...]

Landscaping for Curb Appeal - A Must for Home Sellers

Earlier today, I drove into my neighborhood and passed a home for sale. It had a sign in the front yard that said “Priced to Sell.” I wanted to get a sharpie and write “Landscaped to Linger” underneath the headline. Why? Because the home has been sitting on the market for months, and I have [...]