Tag Archive
Obama Foreclosure Rescue Plan Has Helped Over 650,000
The Treasury Department reported today that over 650,000 people have been entered into the government’s trial loan modification program since its inception in February of this year. The goal of the program has been to allow people facing foreclosure to remain in their homes dependent on what they can afford to pay based on... »
Actor Jeremy London Facing Credit Card Debt and Foreclosure
Last week actor Jeremy London was hit with a civil suit by credit card company American Express seeking that he pay back the more than $20,000 in credit card debt that he had racked up. As we all know, when the one vulture starts circling, there are so more to follow. Now papers have... »
Scott Storch: From $70 million to Broke in 3 years
Scott Storch might not be a name that is recognizable to most people right off the bat. The artists he’s worked with on the other hand are the creme de la creme of the music industry. Storch is a record producer who has crafted gold and platinum records for the likes of Justin Timberlake,... »
Fool Me Once, Fool Me Twice
I came across a very disturbing, yet intriguing article from Sunday’s New York Times. In the article entitled “Subprime Brokers Back as Dubious Loan Fixers”, a very harrowing tale of deception is weaved. The article talks about how a company that used to do exotic mortgages, that by their own accounts mostly turned out horribly,... »