Mortgage and Financial News From 2008-10-4 Page 10
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Don't forfeit home because of back taxes (Lodi News-Sentinel)
Q: Several years ago my father deeded his home to me and two of my siblings. Our understanding was that he would pay the real estate taxes and the insurance premiums. The mortgage on the home has been paid off for some time, and my father still lives in the house.
2008-10-04 02:39:20 -
Foster, Hare vote for, Manzullo against bailout bill (SaukValley.com)
WASHINGTON - With the economy on the brink of meltdown and elections looming, a reluctant Congress abruptly reversed course and approved a historic $700 billion government bailout of the battered financial industry Friday. President Bush swiftly signed it.
2008-10-04 03:44:35 -
After the fall, the fall! (Chicago Sun-Times)
Now, reality sets in! The bailout/rescue plan will work only if banks take the liquidity that is coming their way and use it to make business and mortgage loans that will get the economy moving again.
2008-10-04 04:11:07 -
Expert advice: Tips to recession-proof your finances (CTV.ca)
The recent financial sector crisis in the U.S. has analysts concerned about a downturn in the economy and the possibility of a recession.
2008-10-04 05:31:49 -
Harry Linback: The value of optimism (Journal & Courier)
The economy is wobbling. What's your best advice to muddle through the pinch?
2008-10-04 05:39:02 -
THOMAS FRIEDMAN: Rescue the rescue (The Indiana Gazette)
I was channel surfing on Monday, following the stock market's nearly 800-point collapse, when a commentator on CNBC caught my attention. He was being asked to give advice to viewers as to what were the best positions to be in to ride out the market storm.
2008-10-04 05:48:45 -
Wall Street's meltdown to hit Tehama County (Red Bluff Daily News)
If you don't have a 401K, a house or a job, don't pump gas or don't wish to buy a new car or send a child to college anytime soon, the financial troubles of Wall Street might have no effect on you.
2008-10-04 07:18:09 -
Jim Randel: NOW THE FUN BEGINS: IMPOSSIBLE CONFLICTS? (HuffingtonPost)
As most expected, the bailout provision did pass and is now law. And now the fun begins as our government is about to engage in...
2008-10-04 07:27:37 -
Vienna man pleads guilty to mortgage fraud - WTOP Radio
A Vienna man, his brother, and a Leesburg man have pleaded guilty to conspiring to commit bank fraud in connection with several real estate mortgage loans they and their co-conspirators obtained between April 2004 and September 2006. Mohammed Rababeh ...
2008-10-01 12:43:00 -
Ask Amy: Brother scamming Social Security (Contra Costa Times)
DEAR AMY: For the past 15 years, my brother has been collecting Social Security disability payments for a "bad back." Meanwhile, he maintains a physically active lifestyle which includes such activities as skiing.
2008-10-04 12:26:23 -
Focus shifts to mechanics of bailout: Spend $700B wisely (Seattle Times)
With House passage Friday of the bailout bill, the financial industry's focus will shift to the mechanics of the deal: How does the government plan to spend up to $700 billion to buy troubled loans from banks?
2008-10-04 12:28:33 -
Apprentice contestant Tre Azam claims witch hunt against him (Daily Mirror)
TV Apprentice contestant Tre Azam claimed yesterday that a council inquiry into an alleged £7,500 benefit fraud was a witch hunt against him.
2008-10-04 12:37:34 -
CENTRAL NY BUSINESS NEWS (The Post-Standard)
• CNY banks: We're fine Central New York's community banks are scrambling to assure customers they are still open for business - and relatively unscathed by Wall Street's meltdown.
2008-10-04 02:07:43 -
RING ACTED A-LOAN TO ROB $200M (New York Post)
The head of a brazen family of fraudsters took advantage of sloppy subprime mortgage lenders to pull off a mindblowing scheme that reeled in more than $200 million in fraudulent loans - a devastating hit that contributed to the nation's financial...
2008-10-04 02:32:53 -
Enron prosecutor says case parallels crisis in subprime mortgage industry (The Toledo Blade)
A former U.S. attorney who prosecuted top Enron executives Kenneth Lay and Jeffrey Skilling said he sees several "eerie parallels" between the Enron case and the subprime mortgage crisis. John C. Hueston, now a partner with the California-based law firm Irell & Manella LLP, was in Toledo yesterday to speak at the Toledo Bar Association's annual Kiroff/Bench Bar Seminar at the Park Inn Hotel, ...
2008-10-04 03:35:59