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1
Jan
Welcome to Money Matters and More, a daily blog and weekly radio show to help you find answers to your money questions. Think of Money Matters and More as your own personal money adviser–whether you’re a newly minted college grad, looking for work, a Boomer trying to decipher the future of a 401(k), or anyone concerned about the uncertainty in the economy–Money Matters and More welcomes your questions and comments. And we’ll ask the experts to provide some reliable answers.
Thanks.
Heather
2
Responses to “Who Couldn’t Use a Daily Dose of Smart Money Advice?”
January 2nd, 2009 at 10:00 pm
Susana,
I’m sorry to hear about your experience. Stay tuned for some advice from foreclosure experts in next week’s postings.
Thanks for blogging,
Heather Taylor
Email your questions and comments to: moneymattersandmore@yahoo.com
January 2nd, 2009 at 12:39 pm
I invested on a foreclosure propert in July 2005. Needless-to-say….. what happened then! I invested all of the money I had retrieved from my pension fund since I was not getting any return on it.
As I bought this property with the intention to flip it, I was given an 5yr-ARM – interest only. Now, three years later, I want to refinance it with the Countrwide (CW) who had in foreclosure through their legal channels. I have paid to CW more than US$80,000 in interest and my questions is:
why can’t the offer me a decent deal? is there any recourse for me? I am left broke and they are pushing me against the wall.
Now end-november 08, the so called “investment property” has come up with another huge problem which will amount to approx. $60,000 due to failure of the septic tank.
How can this be allowed? I was never allowed to see the property and, while I accept nobody pushed me, I also believe it is a moral responsibility to try to help people like me who comply with its obligations and keep my credit in an excellent condition. All this puttitng my health at risk. We are going through hell with m husband and would sincerely appreciate any guidance you can provide.
Thanks in advance.