I do not have the resources to make these payments and Chapter 7 Bankruptcy does not affect student loans.
Since I have been stretched beyond my financial capacity, I am now consistently behind in my mortgage payments and am not in a situation to rectify this problem. I am paid on the 15th and 30th of each month and because I am so overextended, I can only make my payment on the 30th of each month. Due to my now chronically late payments, I am now subject to $136.44 in late fees every month, which I can ill afford. I am facing eminent foreclosure if I am unable to change the terms of my mortgage.
I believe my circumstances make me an excellent candidate for the Hope for Homeowners Act. The Affordabilty vs. Value portion of this program would indicate that a new mortgage under this program would be for $131,400 as 90% of the current property value of $146,000. This home loan modification would result in much more affordable payments and would allow me to prevent foreclosure.
I meet the H4H borrower eligibility requirements as follows:
1. My existing mortgage originated on or before March1, 2008.
2. My existing mortgage payment as of March 1, 2008, exceeds 31% of my gross monthly income.
3. I did not intentionally default and do not have an ownership interest in other residential real estate and have not been convicted of fraud in the last 10 years under Federal and state...
Mortgage Fraud If a rash of armed bank robberies swept across America next year, and if in these robberies criminals absconded with $30 billion dollars, one may be certain that a public panic would ensue. The banking system would likely be changed forever. If thousands of armed thugs went rampaging across the nation forcing people out of their homes, into the streets, and then destroying the properties, leaving the occupants homeless
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derivatives in general and discusses their use by Rolls-Royce plc in its risk management programme. Derivatives derive their value from an underlying financial instrument and as such, they allow a way of accessing and trading in the value of the underlying instrument without needing to put up the full value of that underlying instrument. Derivatives can be used for a number of purposes, including leverage, hedging, income generation and profiting
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