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Facing Foreclosure, Retirement Income Can Bring Freedom

Posted by James Breen at 8 May 2008 23:22

I remember an article issue of employed mortgage re self, in which both the outgoing and the incoming messages made me wonders how the people further down in the reorganization made sense of the conflicting visions.

I found this one on recently, quite interesting:

Earthside Comments: First here is a link to the web video "The Story of Stuff". It explains the chain we in this country are involved in that is surely sickening and impoverishing us. The second item is a very good article that further explains what this philosophy of endless consumption is doing to us. This era of consuming, of materialism, is going to end. The question is whether we have a soft or hard landing. Readers of this web site know that the time for a soft landing has passed. The ..read more.

Take a look on this one post on not long ago.

Had an invigorating conversation today with a hard working guy from the South. He owns his own business and works incredibly hard, as does his wife, also self employed. I found their situation almost profoundly moving by the time we'd finished fleshing out their current status, as it related to their potential for retiring when and with how much. Keep reading and ask yourself if you begin seeing your own situation? He and his wife are 40-something, have three kids, each a year and a half .. Keep Reading.

Don't wait too long, this might be over before you know it.

There was a time when Simeon Ferguson grew tomatoes and callaloo leaves in the garden behind his three-story brownstone in Crown Heights, Brooklyn, the home he has owned since 1975. He would give out the excess harvest to friends and neighbors, according to his daughter, and cook up the rest. Ferguson, 86, is now retired, after working for more than 20 years as a chef at Long Island College Hospital. But his remaining years of rest and relaxation are facing a major obstacle — his home ..full story.

If this is not what I am trying to find, my attitude won't be so honest at the first place. Trust me, that is what I am talking about!

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Both types of bankruptcy may get rid of unsecured debts and stop foreclosures, repossessions, garnishments, offs, and debt collection activities. Both also provide exemptions that allow people to keep certain assets, although exemption amounts vary among states. Note that personal bankruptcy usually does not erase child support, alimony, fines, taxes, and some student loan obligations. And unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when your creditor has an unpaid mortgage or lien on it.


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