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SandiagonParticipant
Recession may end 2nd or 3rd quarter of 2009 as per economic definition. “The term recession generally describes the reduction of a country’s gross domestic product (GDP) for at least two quarters”
But housing downturn may go beyond 2009.SandiagonParticipantRecession may end 2nd or 3rd quarter of 2009 as per economic definition. “The term recession generally describes the reduction of a country’s gross domestic product (GDP) for at least two quarters”
But housing downturn may go beyond 2009.SandiagonParticipantRecession may end 2nd or 3rd quarter of 2009 as per economic definition. “The term recession generally describes the reduction of a country’s gross domestic product (GDP) for at least two quarters”
But housing downturn may go beyond 2009.SandiagonParticipantRecession may end 2nd or 3rd quarter of 2009 as per economic definition. “The term recession generally describes the reduction of a country’s gross domestic product (GDP) for at least two quarters”
But housing downturn may go beyond 2009.SandiagonParticipant[quote=The OC Scam]When the banks sends a real estate agent to your door offering you money in return for the house keys.
Ask the real estate agent to ask the bank to provide proof that they actually own the house. Most banks have loss or thrown away records. This should give you another 8 months rent free or a larger counter offer “cash for keys”!This is not legal advice but unethical persuasion. I love this country. Everyday it just keeps getting better!
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“Ask the real estate agent to ask the bank to provide proof that they actually own the house.” This approach will not work for renters. This approach will not work for many home owners unless their profession is relating to law. Banks can prove pretty easily that owner owe the money. They do not need original signed papers to prove. Basically bank or lender will get eviction notice from court by submitting documents that you defaulted on loan you borrowed. You can appeal eviction notice, but it involves an attorney and needs lot of money.You can get some info from this website.
http://www.tenantslegalcenter.com/html/foreclosures_tenant.html“TENANT’S RIGHTS AGAINST FORMER LANDLORD
Be sure to tell the former Landlord/owner that you expect the refund of your security deposit, less any rent you may still owe them. If you were forced out during a lease, you may have a valuable claim for the landlord’s breach of that lease along with fraud if they intended to lose the property but concealed that from you when you signed the lease.”SandiagonParticipant[quote=The OC Scam]When the banks sends a real estate agent to your door offering you money in return for the house keys.
Ask the real estate agent to ask the bank to provide proof that they actually own the house. Most banks have loss or thrown away records. This should give you another 8 months rent free or a larger counter offer “cash for keys”!This is not legal advice but unethical persuasion. I love this country. Everyday it just keeps getting better!
[/quote]
“Ask the real estate agent to ask the bank to provide proof that they actually own the house.” This approach will not work for renters. This approach will not work for many home owners unless their profession is relating to law. Banks can prove pretty easily that owner owe the money. They do not need original signed papers to prove. Basically bank or lender will get eviction notice from court by submitting documents that you defaulted on loan you borrowed. You can appeal eviction notice, but it involves an attorney and needs lot of money.You can get some info from this website.
http://www.tenantslegalcenter.com/html/foreclosures_tenant.html“TENANT’S RIGHTS AGAINST FORMER LANDLORD
Be sure to tell the former Landlord/owner that you expect the refund of your security deposit, less any rent you may still owe them. If you were forced out during a lease, you may have a valuable claim for the landlord’s breach of that lease along with fraud if they intended to lose the property but concealed that from you when you signed the lease.”SandiagonParticipant[quote=The OC Scam]When the banks sends a real estate agent to your door offering you money in return for the house keys.
Ask the real estate agent to ask the bank to provide proof that they actually own the house. Most banks have loss or thrown away records. This should give you another 8 months rent free or a larger counter offer “cash for keys”!This is not legal advice but unethical persuasion. I love this country. Everyday it just keeps getting better!
[/quote]
“Ask the real estate agent to ask the bank to provide proof that they actually own the house.” This approach will not work for renters. This approach will not work for many home owners unless their profession is relating to law. Banks can prove pretty easily that owner owe the money. They do not need original signed papers to prove. Basically bank or lender will get eviction notice from court by submitting documents that you defaulted on loan you borrowed. You can appeal eviction notice, but it involves an attorney and needs lot of money.You can get some info from this website.
http://www.tenantslegalcenter.com/html/foreclosures_tenant.html“TENANT’S RIGHTS AGAINST FORMER LANDLORD
Be sure to tell the former Landlord/owner that you expect the refund of your security deposit, less any rent you may still owe them. If you were forced out during a lease, you may have a valuable claim for the landlord’s breach of that lease along with fraud if they intended to lose the property but concealed that from you when you signed the lease.”SandiagonParticipant[quote=The OC Scam]When the banks sends a real estate agent to your door offering you money in return for the house keys.
Ask the real estate agent to ask the bank to provide proof that they actually own the house. Most banks have loss or thrown away records. This should give you another 8 months rent free or a larger counter offer “cash for keys”!This is not legal advice but unethical persuasion. I love this country. Everyday it just keeps getting better!
[/quote]
“Ask the real estate agent to ask the bank to provide proof that they actually own the house.” This approach will not work for renters. This approach will not work for many home owners unless their profession is relating to law. Banks can prove pretty easily that owner owe the money. They do not need original signed papers to prove. Basically bank or lender will get eviction notice from court by submitting documents that you defaulted on loan you borrowed. You can appeal eviction notice, but it involves an attorney and needs lot of money.You can get some info from this website.
http://www.tenantslegalcenter.com/html/foreclosures_tenant.html“TENANT’S RIGHTS AGAINST FORMER LANDLORD
Be sure to tell the former Landlord/owner that you expect the refund of your security deposit, less any rent you may still owe them. If you were forced out during a lease, you may have a valuable claim for the landlord’s breach of that lease along with fraud if they intended to lose the property but concealed that from you when you signed the lease.”SandiagonParticipant[quote=The OC Scam]When the banks sends a real estate agent to your door offering you money in return for the house keys.
Ask the real estate agent to ask the bank to provide proof that they actually own the house. Most banks have loss or thrown away records. This should give you another 8 months rent free or a larger counter offer “cash for keys”!This is not legal advice but unethical persuasion. I love this country. Everyday it just keeps getting better!
[/quote]
“Ask the real estate agent to ask the bank to provide proof that they actually own the house.” This approach will not work for renters. This approach will not work for many home owners unless their profession is relating to law. Banks can prove pretty easily that owner owe the money. They do not need original signed papers to prove. Basically bank or lender will get eviction notice from court by submitting documents that you defaulted on loan you borrowed. You can appeal eviction notice, but it involves an attorney and needs lot of money.You can get some info from this website.
http://www.tenantslegalcenter.com/html/foreclosures_tenant.html“TENANT’S RIGHTS AGAINST FORMER LANDLORD
Be sure to tell the former Landlord/owner that you expect the refund of your security deposit, less any rent you may still owe them. If you were forced out during a lease, you may have a valuable claim for the landlord’s breach of that lease along with fraud if they intended to lose the property but concealed that from you when you signed the lease.”SandiagonParticipant[quote=socrattt]The last few weeks I have been pondering an idea of using my credit cards for everyday items and my utilizing cash to buy commodities. I plan on making my minimum payments as my interest rates are pretty low due to my high credit score. I do know that this may impact my credit score, but to be completely honest I believe there will be some drastic changes to the credit system within the next few years. Assuming that tomorrow’s debt will be worth much less wouldn’t this be a wise decision to make? I also believe gold and silver will continue its upward movement as we move into a hyper inflationary period. I would love to hear some feedback on my thoughts.[/quote]
Who advised you to invest in commodity market (I am assuming futures market) by borrowing money? My sincere advice is never invest in futures market with borrowed money. Never invest more than 20% of your surplus money. You must have clear exit plans. I will provide one example. You are expecting Oil will reach $100.00 in July 2009. You bought July 2009 oil futures contract for $50.00. Maximum loss you can bear $10.00. It means you can bear $10,000.00 loss. Each contract is 1000 barrels. It means you must sell your contract when it touches $40.00. If you have a discipline to stick to your exit plan, futures market may good for you.
SandiagonParticipant[quote=socrattt]The last few weeks I have been pondering an idea of using my credit cards for everyday items and my utilizing cash to buy commodities. I plan on making my minimum payments as my interest rates are pretty low due to my high credit score. I do know that this may impact my credit score, but to be completely honest I believe there will be some drastic changes to the credit system within the next few years. Assuming that tomorrow’s debt will be worth much less wouldn’t this be a wise decision to make? I also believe gold and silver will continue its upward movement as we move into a hyper inflationary period. I would love to hear some feedback on my thoughts.[/quote]
Who advised you to invest in commodity market (I am assuming futures market) by borrowing money? My sincere advice is never invest in futures market with borrowed money. Never invest more than 20% of your surplus money. You must have clear exit plans. I will provide one example. You are expecting Oil will reach $100.00 in July 2009. You bought July 2009 oil futures contract for $50.00. Maximum loss you can bear $10.00. It means you can bear $10,000.00 loss. Each contract is 1000 barrels. It means you must sell your contract when it touches $40.00. If you have a discipline to stick to your exit plan, futures market may good for you.
SandiagonParticipant[quote=socrattt]The last few weeks I have been pondering an idea of using my credit cards for everyday items and my utilizing cash to buy commodities. I plan on making my minimum payments as my interest rates are pretty low due to my high credit score. I do know that this may impact my credit score, but to be completely honest I believe there will be some drastic changes to the credit system within the next few years. Assuming that tomorrow’s debt will be worth much less wouldn’t this be a wise decision to make? I also believe gold and silver will continue its upward movement as we move into a hyper inflationary period. I would love to hear some feedback on my thoughts.[/quote]
Who advised you to invest in commodity market (I am assuming futures market) by borrowing money? My sincere advice is never invest in futures market with borrowed money. Never invest more than 20% of your surplus money. You must have clear exit plans. I will provide one example. You are expecting Oil will reach $100.00 in July 2009. You bought July 2009 oil futures contract for $50.00. Maximum loss you can bear $10.00. It means you can bear $10,000.00 loss. Each contract is 1000 barrels. It means you must sell your contract when it touches $40.00. If you have a discipline to stick to your exit plan, futures market may good for you.
SandiagonParticipant[quote=socrattt]The last few weeks I have been pondering an idea of using my credit cards for everyday items and my utilizing cash to buy commodities. I plan on making my minimum payments as my interest rates are pretty low due to my high credit score. I do know that this may impact my credit score, but to be completely honest I believe there will be some drastic changes to the credit system within the next few years. Assuming that tomorrow’s debt will be worth much less wouldn’t this be a wise decision to make? I also believe gold and silver will continue its upward movement as we move into a hyper inflationary period. I would love to hear some feedback on my thoughts.[/quote]
Who advised you to invest in commodity market (I am assuming futures market) by borrowing money? My sincere advice is never invest in futures market with borrowed money. Never invest more than 20% of your surplus money. You must have clear exit plans. I will provide one example. You are expecting Oil will reach $100.00 in July 2009. You bought July 2009 oil futures contract for $50.00. Maximum loss you can bear $10.00. It means you can bear $10,000.00 loss. Each contract is 1000 barrels. It means you must sell your contract when it touches $40.00. If you have a discipline to stick to your exit plan, futures market may good for you.
SandiagonParticipant[quote=socrattt]The last few weeks I have been pondering an idea of using my credit cards for everyday items and my utilizing cash to buy commodities. I plan on making my minimum payments as my interest rates are pretty low due to my high credit score. I do know that this may impact my credit score, but to be completely honest I believe there will be some drastic changes to the credit system within the next few years. Assuming that tomorrow’s debt will be worth much less wouldn’t this be a wise decision to make? I also believe gold and silver will continue its upward movement as we move into a hyper inflationary period. I would love to hear some feedback on my thoughts.[/quote]
Who advised you to invest in commodity market (I am assuming futures market) by borrowing money? My sincere advice is never invest in futures market with borrowed money. Never invest more than 20% of your surplus money. You must have clear exit plans. I will provide one example. You are expecting Oil will reach $100.00 in July 2009. You bought July 2009 oil futures contract for $50.00. Maximum loss you can bear $10.00. It means you can bear $10,000.00 loss. Each contract is 1000 barrels. It means you must sell your contract when it touches $40.00. If you have a discipline to stick to your exit plan, futures market may good for you.
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