A deed-in-lieu means you give the deed to your house to your lender, and the lender does not foreclose. Thus, the concept "in lieu," meaning "instead of."
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ServiceNow (NOW-$29) is an IT management firm with less than $240 million in revenues deriving from a proprietary platform that automates work flow and integrates related business processes. Well, yipsee doodle dandy and ain't that sweet!Read More »
I have about $40,000 left on my 15-year fixed mortgage at 4 percent interest. I owe about $13,000 on a home equity line that is 2.99 percent variable rate. I have a $100,000 equity line open. I have no other debt. I am considering paying off my remaining mortgage with the lower-interest home equity line. Do you think that is a good idea since I am giving up a fixed rate for a variable rate?Read More »
As long as there's money to be made by the scolds who despise President Barack Obama, there will be a litany of spurious proposals on the Internet that America's stupids want to believe. There is no proposal to confiscate IRAs and 401(k) accounts.Read More »
Yep, you're missing something, and it's your brain, which is probably in the back of your pickup.Read More »
On Jan. 2, President Obama signed into law the legislation designed to avoid the so-called "fiscal cliff." Included in the law was an extension of the law that helps homeowners whose property has been foreclosed from having to pay income tax on the debt that they no longer have to pay.Read More »
I am thinking of buying 2,000 shares of Bank of America at $12.45 a share. In the past 10 years, I have been in and out of this issue and have made good money each time. I believe that the stock can move to the $17 to $18 level this year, which could give me a good gain.
Tagged with: Bank of AmericaRead More »
My time-share maintenance fees exceed $2,000 per year. While this does not cause a real hardship on me, I was wondering what happens to the time share ownership if the primary deed owner dies. When I die — I'm 80 now — I assume the time share points go into my estate. And, if they do, does that obligate my heirs to continue to pay the annual maintenance fees in perpetuity?Read More »
Now that American Airlines is going to merge with US Airways Group Inc., do you think the resulting company will be a good investment?Read More »