The soaring popularity of couponing has resulted in product shortages, empty shelves and disgruntled shoppers. But eager couponers aren’t always the culprits behind product shortages. Here’s an email I received recently:
In one conversation, Vanilla Ice energetically talks about remodeling, feng shui and reading real estate statistics, and he predicts when the economy will bounce back. Not quite what you expect from the guy who is mostly remembered for his pompadour and 1990 rap smash hit “Ice Ice Baby.” But then again this Vanilla Ice prefers to be called Rob – his name is Robert Van Winkle – and while music is still a huge part of his life, he’s making quite a name for himself in the real estate industry.
My father-in-law left the country bankrupt. He stopped making property tax and mortgage payments on his home several months prior to his departure. He notified the bank to contact my wife and I for future correspondence. We have secured a tenant who has been paying rent; the bank knows this. Including missed payments, there is now approximately $475,000 due on the loan. The house is worth about $425,000. We’re trying to avoid a short sale or foreclosure. We’d like to refinance the home in our name. We have provided the bank with information regarding our personal situation, and during phone conversations they claim they want to work with us, but they recently sent us a letter notifying us that they plan to move forward with the foreclosure. Is there anything we can do to avoid this?
If you don’t currently own a home, odds are owning one in the future is one of your top financial priorities.