Idaho Legislation Places New Requirements on Lenders

Under a new Idaho state law, lenders must respond to requests for loan modification within 45 days and cannot proceed to a foreclosure sale until after responding to the request.
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Understanding Your Credit Score

Credit scores are likely to play a key role in your ability to obtain credit (auto loan, mortgage loan, credit card, etc.) and in the determination of the interest rate you will pay for that credit. A borrower with a favorable credit score is more likely to be approved and to pay a lower interest rate on new credit. However, the impact of a credit score goes even further—your score could be reviewed when you are renting housing in the future, when applying for a cell phone or cable TV account, and may even impact whether you must pay a deposit before receiving electric and gas utility service.
To learn more, download the booklet “Know Your Credit Score” published by FICO and the Consumer Federation of America.

Fannie Launches Interactive Video to Help Borrowers Avoid Foreclosure

The Air Force uses visual flight simulators to train its pilots on proper procedures and prepare them for the actual experience. Virtual reality simulation models are used as therapeutic techniques to help people overcome their fears or uneasiness about certain real-life situations.

By personally interacting with a replicated environment, individuals become more at ease when they actually encounter the event and feel better prepared to make the right decisions. Fannie Mae is applying this same idea to foreclosure prevention.
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Home Upgrades That Don't Pay Off

Home Upgrades That Don't Pay Off | Real Simple

Avoid Foreclosure: Know Your Options

Experience

Ides of March

Beware the Ides of March! It's coming, you know, on the 15th of this month. No, it's not a horror movie. It's the anniversary of Julius Caesar's ultimate downfall. (His enemies put hemlock in his tea on March 15 in 44 BC.)

Hopefully, the Ides of March will not be so dramatic for you. But if they are, give me a call if I can help you in any way. In the meantime, don't drink any tea.