The FDIC, which recently took over failed bank, IndyMac, thinks it may have come up with a resolution to the mortgage mess facing America. Hundreds of thousands, if not millions, of people are either late or not making their mortgage payments at all. The real problem with the mortgage situation is to figure out what to do with these people and how to help them.
So here's what the FDIC has come up with in terms of a "solution." They will work with each delinquent homeowner one at a time. They will review your personal income situation and re-build your loan so that your monthly mortgage payment is no more than 38% of your monthly income. This may extend your loan from 30 years to 40 years, for example. Or it may add more principle to the back end of your mortgage.
Here's our question: What happens if you've lost your job and you don't have any income???? LeaseTrader.com handles car lease transfers for people that want to escape their car lease contract.
This story posted by LeaseTrader.com, the automotive service company that lets people transfer out of their Car Leases early. If you're looking to swap a lease or transfer out of your car lease, please visit www.leasetrader.com