Word: bankes
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Dates: during 2000-2009
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...affordable payments. Or you could have refinanced your home at a lower rate. But today home values have fallen so sharply that even if you make a large down payment, the current value of your mortgage may still be higher than the current value of your house. So no bank will return your calls, and no sale will return your investment. You can't afford to leave, and you can't afford to stay...
...other expenses. He has about $15,000 in unpaid medical bills and a similar amount in missed house payments. He has no significant assets; his home equity is gone. Houses comparable to his in more desirable neighborhoods are selling for less than the amount he owes to the Bank of New York Mellon. As the saying goes, Zachery is under water. It was this math that led him to Wagoner's bankruptcy office. (See pictures of the top 10 scared traders...
...same invitation again. Evidently his application had been lost. Zachery's documents had vanished in a flood of urgent requests for mortgage relief. So he sent his materials a second time, but instead of an answer from the service company, he received a letter from lawyers for the bank. This, too, is typical, said Wagoner. Modifications and foreclosures often proceed simultaneously along separate bureaucratic paths, so that the bank's customer-service face is encouraging even as the legal arm is threatening...
...debt is actually two loans, the larger of which was recently modified from an adjustable rate to a fixed-rate note at 9% interest. The second loan charges over 10%, and the two payments combined are slightly more than $1,400 per month. (Read: "How Stressed Is Your Bank...
...other countries to build clinics, kindergartens and social-services centers in every camp. Hamas supporters also get vouchers for medical care at hospitals run by Hizballah, the Lebanese anti-Israeli militant group that's also supported by Iran. And the refugees hear stories about leaders in the West Bank growing rich from embezzled international aid, while refugees see almost nothing in social services from the Palestinian Authority, which is controlled by Fatah. "Fatah isn't helping people," says the Beirut Fatah commander. "Hamas is taking advantage of this. They are entering deep, deep into the population...