Monthly Archives: September 2009

How to Get Out Out of a Expensive Mortgage?

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refinanced

Is there any excellent way to get out of an upside down mortgage? My ex wife currently owns a house that she really can’t meet the expense of. We refinanced the mortgage when we got diovrced 5 years ago. Since then, she has refinanced once more. With the current housing market where she lives, she owes more than she could get for it by selling at a reasonable price. Does she have any options to get out of the mortgage?
If my ex wife sells the house for less than she owes on the mortgage, and owes the difference to the bank, is that money owed at the time of closing or is it paid back as a personal loan?
I did try to help her sell it when we got divorced, knowing it was too expensive for her to maintain with her financial situation. My advice was not well expected, as she wanted the status symbol of a huge home. I no longer have any financial obligation on the home, so it is not my problem to resolve.
For anyone who wants to know my motive, there is no motive for me one way or the other. I don’t benefit one way or the other. I do care about my children though who live with my ex wife, and making sure they are cared for and have a nice, reasonable place to live. I pay my child support and she needs to also be able to adequately take care of them and share the costs of raising them.

Celente Predicts Revolution, Food Riots, Tax Rebellions by 2012

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Sept 17, 2009: Professor Igor Panarin says that events are continuing to confirm his doomsday prediction first made over 10 years ago, that the United States will completely collapse like the Soviet Union before the end of 2010, and warns that the chaos could start to unfold in as small as two months. www.prisonplanet.com Google this: CNBC Analyst: Global Bank, Global Currency Within 15 Years‏ Celente’s website is: www.TrendsResearch.com Trend forecaster, celebrated for being accurate in the past, says that America will stop to be a developed nation within 4 years, crisis will be worse than the fantastic depression. In this Fox segment, predictions were mentioned that before 2012: 1. America will be the first emergent country 2. Revolution, food shortages, riots, marches 3. Food instead of gifts for Christmas The man who predicted the 1987 have a supply of market thump and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012. Gerald Celente, the CEO of Trends Research Institute, is celebrated for his accuracy in predicting future planet and monetary events, which will send a chill down your spine considering what he told Fox News this week. Celente says that by 2012 America will become an emergent nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job …