What you want is to diversify your report..You should have a few revolving accounts.At least one installment loan. ie. auto loan/personal loan.And a mortgage.You want to keep a Debt to credit ratio of about 1/3.. that means actively using 30% of your available credit..

The real question is, is this the problem being solved or are we just going to quit filing foreclosures to allow the housing market to heal, or are we waiting for Fed Gov to buy these assets. •The more people that can stay in their homes and start paying on their debts, the faster this ends. •If the trend continues down thru 01/2009.

We can give you a fair price, close quickly, provide instant debt relief and buy your house in “as is†condition.“I recommend you go to the codes court in person.

When investing in 1-4 unit properties, the larger portion of your profits come from a combination of your equity at purchase, appreciation (compounded by the use of leverage), principle paydown, tax deductions, and appreciation.In commercial properties and multifamily 5+ units, your are purchasing an income stream, plus the ability to force appreciation (increase income, lower expenses, add capital improvements, etc), and of course, buy at a discount giving you intstant equity.

Three years ago I was completely debt free.

Nakheel PJSC, the Dubai state-owned developer of three palm-shaped islands in the Persian Gulf, said Nov. 30 that it is scaling back or delaying work on some of its $30 billion in projects, including the 62-story Trump International Hotel & Tower near the Mega Yacht Club on the trunk of Palm Jumeirah. “In such a nasty downturn, which we are seeing now, they are just not immune to global events,†said Michael Baer, founder of Dubai-based Baer Capital Partners and great-grandson of Julius Baer, who started Switzerland’s largest independent wealth manager. “Maybe the boom is over for the time being.†The sheikhdom may need help from Abu Dhabi and the U.A.E. to service its debt, according to Moody’s Investors Service.

Missed payments are on the rise not on the decline (and every mush mouth loan modification the lenders do which creates lower payments and negative amortization instead of real debt relief sets up another time bomb.Where does this lead?

Each month that passes without help to meet that debt service you currently have on it is eating away at any potential profits you might see from flipping.

Got the loan because I had personal debt I needed to cover as well as credit card debt.

:"If original loan was made by one of the many sub-prime lenders that have gone out of business it is quite possible that no one can find original note "No original note, no debt ?!