Thanks for the help.

Best answer:

Answer by steve g
You may qualify for an FHA loan. The down payment is low and the credit scores aren’t as important.

Give your answer to this question below!

www.lendinguniverse.com Find and compare hundreds commercial mortgage loans in BALTIMORE, MARYLAND. LendingUniverse – Real Estate Brokers, Commercial Mortgage Broker and hard money lenders. Get LOI by Banks, brokers, real estate investors and lenders offer mortgages on residential,…
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“I’m in debt up to my eyeballs” This video does not belong to me – I simply ported it from the lending tree website. Please don’t ask me for originals or DVDs as I do not possess them. I also do not possess the rights to this commercial so please contact Lending Tree if you want to use this video.
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Banks are evidencing a willingness to sell their problem commercial real estate loans at a substantial discount before the end of this calendar year, stated Kevin Levine, Executive Vice President of Strategic Asset Solutions/Peak Asset Solutions. If those problem real estate loans stay on their books through December 31, banks will be required to create significant reserves against them, he said. This will impact their earnings reports for the fourth quarter and for 2011 as a whole. And it will lower their tangible capital ratios. So they have every motivation to sell those loans and get them off their books before the year comes to a close.

Levine explained that despite the motivation for quick sales, banks will not enter into just any loan-sale transaction. The bank must perceive that the value it will receive from the year-end loan sale will be equivalent to or greater than what it would receive upon foreclosure, he said. In making that calculation, the bank will consider the costs of foreclosure and the estimated time delay before the property can be resold. Levine explained that the bank will want a clean sale, with no conditions and the prospective loan purchaser will have to provide a proof of funds evidencing that it has the cash to close the transaction in a matter of a few days.

Levine commented that if there is a strong guarantor, the bank will be much less willing to approve a note purchase resulting in a book loss. However,” he said, “if the guarantor is insolvent or otherwise financially weak, the bank will not be able to look to the guaranty as a source of recovery. If those are the circumstances, the bank may well conclude that it is best to cut its losses and dispose of the problem asset now.

Strategic Asset Solutions/Peak Asset Solutions offers commercial loan modification and short sale services in California and throughout the country. The companys personnel bring extensive commercial real estate expertise to each assignment, including market analysis, valuation, legal, and negotiation experience. Each borrowers unique lending situation is fully analyzed, and the borrower is assisted in preparing current operating reports and projections. Then, Strategic Asset Solutions/Peak Asset Solutions drafts and submits to the lender a loan modification proposal. That proposal may include a principal reduction, interest rate reduction, and waiver of penalty charges. In those instances where a loan modification will not work to the mutual benefit of the borrower and lender, Strategic Asset Solutions/Peak Asset Solutions will attempt to broker a short sale of the commercial real estate at a significant discount from the loan balance, or will seek to negotiate a sale of the note to a third-party.

Strategic Asset Solutions/Peak Asset Solutions is one of the entities in the Peak Corporate Network headquartered in Woodland Hills, California. In addition to commercial loan modifications, the Peak Corporate Network entities offer mortgage lending, loan servicing, residential short sale services, 1031 exchange, trustee work, foreclosure services, real estate brokerage and escrow services. For more information, visit http://www.peakcorp.com

The Peak Corporate Network brand represents a group of related separate legal entities, each providing its unique set of real estate services.

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Short term loans are available to people that have filed for bankruptcy but due to the high credit risk factor, these loans typically have a very high interest rate. Qualify for a short term loan and begin the credit rebuilding process after bankruptcy withtips from a registered financial consultant in this free video on finance and investment. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
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thegaleteam.com LOAN OPTIONSThirty-Year Fixed Rate MortgageThe traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.Fifteen-Year Fixed Rate MortgageThis loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate and you’ll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.Hybrid ARM (3/1 ARM, 5/1 ARM, 7/1 ARM)These increasingly popular ARMS also called 3/1, 5/1 or 7/1can offer the best of both worlds: lower interest rates (like ARMs) and a fixed payment for a longer period of time than most adjustable rate …
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Question by bluebird: If I transfer government student loans to a private loan business, can I still write off interest on taxes?
I currently have salliemae Federal student loans at 6.8%. I have an opportunity to take out a loan somewhere else for 2.7 % and pay off the higher interest rate loans. But will I still be able to write off the interest from this new loan as I do with my current student loans?

Best answer:

Answer by Mathew
I do not believe you would be able to do that. However you still may be better off doing so.

Know better? Leave your own answer in the comments!

Tea Party people for Sanu and against the government providing medical care to veterans


Image by Fibonacci Blue
March 13, 2010 in St. Paul, Minnesota

The Tea Party people held a rally calling for the health care reform bill currently being considered in congress to be stopped. Republican U.S. representative Michele Bachmann was the guest speaker. The crowd was filled with signs and stickers for Bachmann and other Republican candidates.

Signs in this picture:
"SANU! for state Representative"
"WWII Combat Infantrymen NO Socialized Medicine"

Currently, these WWII combat infantrymen and all United States military veterans receive benefits from federal government social programs such as: health care from the government, education assistance from the government, government help with home loans, disability compensation from the government, pensions from the government, vocational training and employment services from the government, life insurance from the government and preferred placement in government jobs.

MANDATED HOME APPLIANCES———-YEP YOU HEARD ME —DIRECT FROM THE OBAMA ADMINISTRATION TO YOU


Image by SS&SS
THESE PEOPLE– THESE COMMUNISTS PIECES OF CRAP– ARE JUST FU*KING OUT OF FU*KING CONTROL ———–THESE PEOPLE ARE GOING TO END UP TELLING YOU WHAT TO WEAR IN THE MORNING IF YOU DON’T STOP THEM

us.mc528.mail.yahoo.com/mc/welcome?.gx=1&.tm=12850898…

Washington (CNSNews.com) – Assistant Energy Secretary Cathy Zoi said Thursday that the U.S. Department of Energy has a “mandate” to issue regulations to determine what household appliances are available to Americans in the future.

Assistant Secretary of Energy Cathy Zoi (CNSNews.com photo/Penny Starr)

Speaking at the inaugural meeting of the recently reestablished Secretary of Energy Advisory Board (SEAB), Zoi pointed to four tactics the Obama administration intends to use to advance the “deployment of clean energy.”

The first three include government subsidies for private-sector green energy projects; special tax incentives for green energy projects; and low-interest government-backed loans for green energy projects.

“The fourth one, which the secretary and I love,” said Zoi, “is where we have a mandate. Where we can actually just issue regulations and do market transformation.”

Zoi was referring to authority the department has under the Energy Policy and Conservation Act of 1975, as amended by the Energy Policy Act of 2005. That law gives the DOE the power to set efficiency standards for energy-consuming products.

“That’s an existing statute that this Department of Energy is going to make work really hard,” Zoi said. “We’ve already issued appliance standards that are going to save the American public somewhere between 0 billion and 0 billion over the next 20 years, just by getting the crummy stuff off the market.”

Energy Secretary Steven Chu, who also spoke at the meeting, announced in April that the department had finalized five new “higher energy efficiency standards” for commercial clothes washers, small electric motors, water heaters, direct heating equipment and pool heaters.

Standards for 10 additional categories of products are expected to be finalized by the end of next year, according to a DOE spokeswoman. These will include new standards for refrigerators, microwave ovens, residential and mobile home furnaces, fluorescent light ballasts, residential clothes washers and dryers, room and central air conditioners, and battery chargers.

“We’re going to update [the standards] more frequently” said Zoi. “We have the power to do that in the statute.”

Before becoming President Barack Obama’s assistant secretary of energy for energy efficiency and renewable energy, Zoi served as environmental adviser to President Bill Clinton and the founding CEO of former Vice President Al Gore’s Alliance for Climate Protection.

Zoi said that stricter federal energy efficiency standards will “drive innovation” and are “cost effective.”

“As the secretary [Chu] says, ‘We’re going to make people save money for themselves,’” Zoi said. “They haven’t dumped the dollar bills on the ground yet.”

The SEAB was first chartered in the George H. W. Bush administration, but it was disbanded by President George W. Bush’s Energy Secretary Samuel Bodman. Chu reestablished the advisory board in August.

Jen Stutsman, an Energy Department spokeswoman, told CNSNews.com that energy efficiency regulations issued by the department are designed to help consumers and manufacturers.

“Our goal is to develop standards that are both technically feasible and economically justified and that maximize the benefits to consumers while minimizing any negative impacts on manufacturers or others,” Stutsman said.

At the first meeting of the reestablished board on Thursday, Chu said energy and science are vital to the country’s future, as is the work of the DOE.

“We feel that beyond just energy, science is at the heart of what will keep America prosperous in the coming years,” Chu said.

The 12-member board includes former government officials and corporate executives, including Clinton Director of Central Intelligence John Deutch; Clinton Defense Secretary William Perry and former Clinton Labor Secretary Alexis Herman; and former Lockheed Martin CEO Norman Augustine

W.T.F. IS GOING ONE HERE!!—ARE YOU KIDDING ME— NOW HE’S BAILING OUT AN AFGAN BANK?? WHAT HAPPENED TO THE SPEECH TWO OR THREE DAYS AGO WHERE “IT WAS TIME TO CONCENTRATE ON THINGS AT HOME”???? —–LYING, CHEATING, COMMIE THIEF


Image by SS&SS
KABUL, Afghanistan — In a bid to fend off the threat of a nationwide financial crisis, the Afghan and United States governments tentatively agreed Saturday to bail out Afghanistan’s largest bank, according to Afghan and American officials.

Details of the deal, including how much each government would contribute, were still being worked out on Saturday between the Central Bank of Afghanistan and the United States Treasury Department, officials said.

Meanwhile, thousands of nervous Afghan depositors, unaware of the bailout and unconvinced of the bank’s solvency, stampeded the central branch of the beleaguered Kabul Bank to withdraw their savings. But the teller drawers were largely empty and most customers left empty-handed.

The planned injection of cash into Kabul Bank is meant to slow the run on the bank by its customers, who have withdrawn more than 0 million in the past few days amid fears of a wider economic collapse. The panic began last week when the Central Bank ousted the chairman and the chief executive officer of Kabul Bank, after discovering that the bank had acted recklessly, lending millions of dollars to allies of President Hamid Karzai and pouring money into risky investments.

Top officials at Kabul Bank and a senior leader at the Central Bank declined to comment publicly on the proposed bailout, which was still being negotiated. However a manager at the Central Bank and a senior American official confirmed what the American official called an “intervention.”

A major shareholder in the bank, Mahmoud Karzai, the brother of the Afghan president, said Saturday that he was unaware of a bailout. He said such intervention would be unnecessary considering that the bank still retained half of its 0 million in assets.

The official at the Afghan Central Bank, who requested anonymity because he was not authorized to speak to the news media, said that the bank’s risk management department was taking over operations at Kabul Bank, and that Kabul’s existing management would be purged.

The American official, who also requested anonymity, said that the United States contribution would not be large.

The bailout comes several days after President Karzai and other top government officials pledged that they would guarantee deposits. But those assurances failed to curtail the rush of withdrawals.

The government has blamed the international and local news media for inciting fears.

Officials at Kabul Bank said they had not yet calculated how much money customers withdrew on Saturday, but that they believed that the figure was less than in previous days. On Thursday, one of the bank’s principal owners said depositors had withdrawn 0 million in the previous two days.

Khalilullah Frozi, one of the two largest shareholders of Kabul Bank, said the bank retrieved million in loans from borrowers on Saturday.

But according to a bank employee distributing tickets for a place in line to bank patrons, the crowds on Saturday were higher than ever. The first customers showed up as early as 6 a.m. with several hundred customers adding to the line each hour. Nearly 2,000 clients had joined the line by 1 p.m.

Inside the bank, customers waited tirelessly in saunalike conditions, as crowds made it impossible to discern where lines started and ended. Most of them left without cash.

“What should I give you when I have nothing to give?” a teller who was out of cash told an agitated customer.

One of the customers was a Central Bank employee, who said that the bailout would prevent a long-term crisis but that it did little to ease his short-term fears.

“I don’t want to lose my money,” said the man, who refused to give his name because of his position at the Central Bank.

The bank’s troubles began last week after a change in leadership and allegations that tens of millions of dollars were borrowed by political elites for risky real estate investments in Dubai.

The crisis threatened to undermine confidence in Afghanistan’s fledgling financial system, which was built under American guidance after the collapse of the Taliban government in 2001. Among the clients of the bank is the government, which pays about 250,000 public employees through the bank.

Mahmoud Karzai, the president’s brother, said the government “will absolutely guarantee” the salaries of public servants. He said the government was transferring money to Kabul Bank each day and that half of the bank’s assets were still solvent.

Mahmoud Siakal, a former deputy foreign minister, said the bank’s problems reflected deeper problems with the government and the financial system.

“What’s happening with Kabul Bank shows an advanced level of the weakening of rule of law since 2002,” said “We beg the world to invest here, and on the other hand, our own wealth is disappearing from the country. The fact that government is guaranteeing the bank won’t collapse, who gave them the right to inject all that money into Kabul Bank?”

Some economists argue that the crisis in the nation’s largest bank, if allowed to continue, could create a devastating ripple effect on other sectors of the economy. Other experts, however, say that because the vast majority of Afghanistan’s economy runs on cash and in the black market the rest of the economy is largely immune from Kabul Bank’s woes.

At the bank’s main branch, an environmental engineer named Hamid arrived at 6 a.m. and waited more than five hours to fill his straw vegetable sack with his entire savings: 0,000.

“The money can run out,” he said, gripping the sack tightly. “I don’t trust my government. They lie. I’m an old man, and I have enough experience in my life to know how this government is.”

The bank crisis is compounded by the upcoming arrival of Id al-Fitr, the Muslim holiday when Afghans punctuate the end of the holy month of Ramadan with lavish shopping sprees. Also, many other customers typically withdraw their monthly salaries at the start of each month.

The Afghanistan Banks Association, a conglomerate of 17 commercial banks, on Saturday called the situation “normal and controlled” because the public now understands that the government would not allow Kabul Bank collapse.

Najibullah Amiri, the general secretary of the association, said the frantic customers at the bank were simply “illiterate people who hear the news and start withdrawing.” He said the bank had no liquidity issues.

Sangar Rahimi and Sharifullah Sahak contributed reporting from Kabul, and Mark Landler from Washington.