Did you receive a notice about foreclosure for your landlord? What do you do? Do you move from your apartment or rental house? The answer...stay put and keep paying rent but ask the mortgage company to let you know if a foreclosure is about to happen. If your apartment or rental home does get foreclosed, the bank will let you know and they should give you at least 30 days to move or perhaps the new owners will continue to rent to you. You might even get some free rent because you won't have to pay rent to the bank after a foreclosure.
It can be a daunting task to right the ship when faced with a foreclosure, however, there are options for those of you in this situation. Miller & Miller has helped thousands of Wisconsin families save their homes and get a financial fresh start. Click on this link to read a story from Yahoo! Finance on how three families fought to save their homes.
Who doesn't use some form of social media these days? It's fun to follow friends' lives via Facebook or see what amusing thing a celebrity is going to "tweet" today, but it's now a tool that debt collectors are using to locate people. The Fair Debt Collection Practices Act, the federal law meant to keep debt collectors in line, was passed in 1978 - decades before the internet and social media sites were invented and a huge part of our daily lives. The law does not specifically address what the "dos and don'ts" of using Facebook, Twitter, or other sites to locate and contact people.
Bankruptcy and the National Football League collide again. This time it is Warren Sapp, who reportedly owes over 6.7 million dollars to his creditors. Read more about the details here.
With April 15th only a few days away, many people are working hard to come up with the money to pay the Government. For those who are self employed, estimated tax liability payments are due every quarter starting April 15th. The IRS will allow you to pay your tax debt with a credit card, but you can expect to pay a 2% "convenience fee".
Student loans are something that people all over the Milwaukee area are struggling with. Here's some interesting, non-bankruptcy advice from Farnoosh Torabi of RetireSmart.
While the housing in metro Milwaukee is starting to pick up, below is a question that many homeowners are facing. Great stuff from Christopher Farrell of American Public Media.