Foreclosure

As the mortgage crisis continues to grip South Florida, many people who are delinquent in their mortgage payments and facing foreclosure become desperate. The Associated Press recently reported that Florida, California, Arizona and Nevada comprise 46 percent of the nation’s homes in foreclosures. The media have repeatedly focused on South Florida as an area where residential real estate values have been hit hardest. The reasons people find themselves facing foreclosure are varied. Some overextended by spending more than they could realistically afford. Others made prudent home financing decisions, but since have been laid off and are unable to make once-reasonable […]

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How do I prepare my children for the financial responsibilities of COLLEGE?

It’s a time-honored tradition that is a dream come true – and a potential nightmare. How do parents enthusiastically prepare their children for college and their first taste of independence, while also warning them about the pitfalls that can lead to financial disaster? Students who get an early handle on their income and spending can avoid the stress of being unable to pay off bills and having to work more and more hours to meet financial obligations. While they may have what seems like a large amount of money from student loans, financial aid, hard-earned savings and financial support from […]

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