Many people are made very aware that they have a debt that is being pursued by a collections agency, yet few know exactly how long collection agencies can go after that debt. Debt Collectors are guided by what is called the Statute of Limitations.
What this means is that after a certain length of time agencies can no longer collect from debtors. Factors include the amount of time, which can vary from state to state, the type of debt, and if there is a signed contract or not.
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by Robert Greensbury
Because of the recent foreclosure boom, loan modification is a popular subject these days. A loan modification comes down to asking the lender to change the terms of your mortgage permanently. Your interest rates get lowered or changed from variable to fixed for examplel. To offset the loss of the lender from interest payments, the duration of the mortgage loan is frequently increased when doing mortgage loan modification.
Because of the greater demand for mortgage loan modification, a lot of scams are turning up right now. Incompetent people will promise you anything in exchange for an upfront payment. If you’re not careful, you may lose a lot of money with one of these cons.
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by Charlie Reese
The controversy over bank foreclosure properties just keeps growing
As of the end of September reports, the number of bank foreclosure properties is up a whopping 71% over the previous year. The root cause of these astonishing figures lies with the banks and mortgage lenders. During the period of the well-touted ‘ownership society’, just a few years back, banks were making loans to many people who were clearly not qualified to assume a home loan which their income could not support.
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While the economic slump is starting to come to an end, it is still not too late for you to take advantage of the market. With record low interest rates and even lower home prices, now is the time to purchase. There are a lot of varied federal government home loans available to take benefit of. Do not waste this once in a lifetime opportunity to obtain a low interest rate on a home with a federal government loan.
As a first time home purchaser, you will be entitled to qualify for a federal government home owners loan. The first step in buying a home is to become pre qualified. You may achieve a federal government loan by way of any major bank or mortgage broker. The loan itself is at a predetermined rate based off of certain criteria.
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by Amy Nutt
Putting together a business plan can seem like a daunting task. In order to do a thorough job, you must take your time with each of the different components. One of the most important components of a business plan is the market analysis. The market analysis section of your business plan will help you understand the domain in which you plan to operate. More importantly, it will also help potential investors see that you know your market and have a plan that can work within its context. The following information will help you prepare this critical piece of your business plan.
Identify Target Markets
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