Bad Credit Equity Home Mortgage

Not paying mortgage will result in kind of attention you don’t ...

Q: Ive had a home-equity loan for eight years. Six months ago, I called the mortgageservicing company to ask for the payoff. The toll-free number on my bill wasnt working, so I decided to stop paying on the loan to force them to contact me. Still, no one has called. What should I do? A: When you stop paying a mortgage, several bad things happen fairly quickly: You trash your credit history and credit score, late penalties and fees are tacked on, and you can trigger "universal default" on your credit cards. If youre carrying creditcard debt, your interest rate could skyrocket. No one is going to call you back from this mortgage-servicing company until its too late. The next call you get will be from the foreclosure department, telling you that it is starting foreclosure proceedings. Or you might not even get this call.

Window Shopping At Saks

In case there was any doubt that private-equity firms are high on retailers, two deals in the past month served as reminders. On June 22 buyout shop NRDC Equity Partners announced plans to shell out $1.2 billion for Lord & Taylor, a unit of Federated Department Stores Inc. (FD ) Eight days later, Bain Capital and the Blackstone Group said they would pay $6.2 billion for Michaels Stores Inc., a 30% premium over the crafts retailer's market value. .

Kids' day out in rains

It was party time at Leap Years recently and the theme this time was rain fashion show. The idea was to teach children how they can dress in differently in the rains. The kids were treated to hot jalebis and pakoras but they seemed to like corn more. With no mummies to watch around and shout notes of caution, the kids had the best of their time. All decked up in caps and coats, they held hands and shook legs as sprinklers continued to throw jets of water to create "rainy weather." And those who hesitated to venture out in "rains" were just pulled in by their little friends to join the fun.
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