Interview
Joel Gurman Quicken Loans Talks Foreclosures
Hi. My name is Joel Gurman with Quicken Loans and a question has been asked a lot about foreclosure and the effects that it has on people long term. When you talk about foreclosure it’s something that has got to be a last resort. Banks are really willing to work with folks that are in situations where maybe they’ve lost a job and it’s hard to make payments. They don’t want to foreclose on you, so you want to do everything you can to avoid it.
Now the big issue is, moving forward what is a foreclosure going to do to you. I don’t think anybody really knows the long-term repercussions of it. Make no mistake, it’s going to have a negative effect on your ability to get future financing. Whether that’s the next house you want to buy, whether that’s the car you’re going to need a year or two down the line, whether that’s you co-signing for kids in three, four or five years for their student loans — it’s going to have an impact. And you have to take that stuff into consideration.
The other thing to really look at is the impact that it has on the people that you’re around all the time. If you’re house goes up for foreclosure it’s going to affect your neighbors. So again, it’s got to be a last resort. I do realize in today’s economy there are people who run into situations where they can’t make their payments but you have to think it through. A very wise man told me one time: What’s easy to do in the beginning is tough to live with in the end. Even if you can make a few extra payments or if you can forgo a few other things — it will behoove you to make your payments on your mortgage and not go into foreclosure. Because again, we really don’t know the implications of a foreclosure or of a short sale where you’re giving away the equity in your property.
If you can do anything — make your payments. Stay in your house & work with your lender but avoid foreclosure because it’s going to be bad to start with and who knows where it goes from there.
Music: Bright Wish – Kevin MacLeod
Duration : 0:2:11
The Debt – Official Trailer [HD]
Release Date: 29 December 2010
Genre: Drama | Thriller
Cast: Sam Worthington, Helen Mirren, Ciarán Hinds, Marton Csokas, Tom Wilkinson, Jessica Chastain
Director: John Madden
Writers: Matthew Vaughn, Jane Goldman
Studio: Walt Disney Pictures
Plot:
Rachel Singer is a former Mossad agent who endeavored to capture and bring to trial a notorious Nazi war criminal – the Surgeon of Birkenau – in a secret Israeli mission that ended with his death on the streets of East Berlin. Now, 30 years later, a man claiming to be the doctor has surfaced, and Rachel must go back to Eastern Europe to uncover the truth. Overwhelmed by haunting memories of her younger self and her two fellow agents, the still-celebrated heroine must relive the trauma of those events and confront the debt she has incurred.
Subscribe Now: http://www.youtube.com/subscription_center?add_user=trailers
Duration : 0:2:24
Double dip recession not on cards: Credit Suisse
Mihir Doshi, CEO of Credit Suisse India, says double dip recession is unlikely despite some concerns in US on consumer spending, jobs and new housing starts. Doshi says he is bullish on Indian economy and sector wise he’s upbeat on infrastructure, telecom and financial services.
Duration : 0:4:54
Citi’s Das Urges Changes to Loan Modification Programs: Video
June 24 (Bloomberg) — Sanjiv Das, chief executive officer of Citigroup Inc.’s CitiMortgage unit, talks with Bloomberg’s Julie Hyman about U.S. efforts to modify home loans in order to prevent foreclosures. (Source: Bloomberg)
Duration : 0:2:57
College Students Sinking In Credit Card Debt
Sanyika Calloway Boyce’s appearance on “In the Loop with iVillage”
Duration : 0:6:35
Banks Purposely Gave Bad Loans To Minorities w/ John Mattes of InvestigativeGuy.com
http://www.investigativeguy.com/
Duration : 0:10:48
Credit Card Tips for College Students
Sanyika Calloway Boyce appears on Wall Street Journal Report and discusses the myths and misinformation about credit cards and college students.
Duration : 0:4:33
Should College Students Have Credit Cards?
Sanyika Calloway Boyce appears on CN8 money Matters where she talks about college students getting in trouble with credit card debt.
Duration : 0:8:54
Pink Floyd members discuss recording “Money”
from Classic Albums: Pink Floyd – The Making of ‘The Dark Side of the Moon’ http://www.imdb.com/title/tt0398868/
A must-see documentary for any Floyd fan.
Duration : 0:6:15
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