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Foreclosure Defense and Loan Modification Blog

Lessons in Money Management: What to Avoid

Posted by Jake Sterling

Tuesday, April 15, 2014

The importance of money is impressed upon most Americans as soon as we’re old enough to buy candy. But the importance of money management is an entirely different story, says self-made millionaire Mike Finley.

“Think about all that we do to prepare children for the world; we fill them up with things we think are most important for doing well as adults and spend tens of thousands of dollars for higher education, but they never take a class on how to manage personal finances,” says Finley, author of “Financial Happine$$,” which discusses his journey to financial literacy and applying the principles that allowed him to retire from the Army a wealthy man. “Our culture celebrates privacy and self determination, which is why, I think, we don’t want to tell students how they should spend their money, but I think young people are hungry for guidance.”

Seventy-six percent of Americans are living paycheck to paycheck, according to a recent CashNetUSA survey. That percentage varies with other studies; however, the percentage never dips below at least 50 percent of Americans who have very little in savings, says Finley, whose voluntary night class on financial literacy at the University of Northern Iowa is always packed beyond capacity. Finley identifies your best allies and the voices that do not have your best interests at heart when it comes to money  management:

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Topics: understanding credit, loan modification financial worksheet, mortgage shopping,

New Financial Rules for a New Economy

Posted by Jake Sterling

Tuesday, January 7, 2014

If there is one thing that the financial crisis has taught us, it's that we can no longer afford to think about our personal finances as we did in the bubbly pre-recession days. In today's economy, there are new financial realities that every consumer must understand.

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Topics: understanding credit, financial worksheet for loan modification, loan modification financial worksheet

How to Complete a Financial Worksheet for a Loan Modification Package

Posted by Jake Sterling

Wednesday, April 3, 2013

If you're one of the millions of Americans at risk of foreclosure, or possibly already in foreclosure, chances are you are terrified of losing your home. The best way to approach the bank and ask for a loan modification is with the help of a foreclosure attorney. However, many homeowners decide to deal directly with the bank and take it upon themselves to submit a loan modification package and financial worksheet in order to lower their monthly mortgage payment.

Most banks will ask for two very important documents in your loan modification package

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Topics: financial worksheet for loan modification, loan modification financial worksheet

About this Blog

Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

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Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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