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Tag Archive for 'Foreclosure'

The Unofficial Mortgage Rescue Guide

Published by Gina Pogol on March 23, 2009 in Mortgage Refinance . 15 Comments

Who would have thought "mortgage" would be everyone's favorite cocktail party topic?! And listening to the misconceptions flying around you'd have to conclude that everyone at the party was drunk. So here's a quick course on mortgage rescue. Part of the confusion stems from all the names and acronyms for the plan or its various parts. ...

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Foreclosure / Short Sale Pitfalls

Published by Gina Pogol on March 10, 2009 in Foreclosure . 2 Comments

It's bad enough that you can't pay your mortgage and have to go through foreclosure or a short sale. But it could get worse than that if you're not careful. The Ellis family, for example, went through a traumatic foreclosure and moved their family out of the home they had lived in for ten years. ...

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Pay Your Mortgage with a Payday Loan?!

Published by Gina Pogol on February 17, 2009 in Foreclosure . 4 Comments

Saw this article today, entitled Payday Loans Can Help You Save Your Mortgage from Foreclosure. Could not believe someone would write something so irresponsible. Let's see, you can't make the payments on the bills you have now, so of course the solution is to....get MORE debt! At a HIGHER interest rate! The author claims that ...

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When Will the Bailout Help Homeowners?

Published by Gina Pogol on November 30, 2008 in Foreclosure . 0 Comments

The Troubled Asset Relief program (TARP) was originally touted to Congress and the public as a request for funds to purchase troubled home loans, helping lenders get them off the books and loosening up money for deserving mortgage borrowers. However, once passed, that plan was junked in favor of less direct help. TARP: What Happened to ...

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Is Foreclosure Necessary?

Published by Gina Pogol on July 07, 2008 in Foreclosure . 3 Comments

Foreclosure is a nasty process. The stress on families has been well-documented. So has the turmoil it visits on neighborhoods. And it's expensive for the lender. So who in the world does foreclosure benefit? All of us. Before you CLICK to get away from this obviously psycho blogger, pull out your credit card statements. Look at ...

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About Mortgage Credit Problems

Specializing in Bad Credit Mortgages… Because Life Doesn’t Always Turn Out Like You Planned. A sick child, a few late bills, or an unexpected expense can easily get you off track and your credit may suffer, but we don't think you should miss out on the opportunities available to everyone else.

Gina Pogol

Gina Pogol

About the Author:

Gina Pogol writes for an online media company about mortgage and finance. In addition to a decade in mortgage lending, she formerly consulted for Experian and other credit bureaus, and worked as a tax accountant for Deloitte. She has a BS in Financial Management from the University of Nevada.

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  • Gina Pogol: Yes there is. Check any updates you get in the mail from your card issuer, and look for changes like new fee policies....
  • Gina Pogol: Ye, we heard the phrase "skin in the game" more times than we could count (although one journalist made a valiant...
  • Gina Pogol: FHA allows you to qualify for a mortgage 2 years after a bankruptcy discharge. Keep in mind though that you must...
  • Gina Pogol: Rachel, it's not that hard and fast--paying the smaller ones and letting the larger ones go--for example, always pay...
  • Gina Pogol: Alan, thanks for the question. When referring to the $7,500, we are talking about Federal income tax, not property tax....