PAMELA L. STEWART- Houston & Victoria Consumer Bankruptcy Attorney

As quoted from The New York Times:

Lawyers for a lender withdrew motions to begin foreclosure after John and Robin Atchley proved them wrong.

Pamela L. Stewart, president of the Houston Association of Debtor Attorneys, said she has become skeptical of lenders’ claims of fees owed. “I want to see documents that back up where these numbers are coming from,” Ms. Stewart said. “To me, they’re pulled out of the air.”

BUSINESS | March 30, 2008
Click below to read the whole article:
Foreclosure Machine Thrives on Woes
By GRETCHEN MORGENSON and JONATHAN D. GLATER

This chart illustrates how long it would take you to pay off typical credit card balances if you only make the minimum monthly payment. This example assumes a 2.5% minimum percentage payment, and an absolute minimum payment requirement of $10.00 per month at an interest rate of 17%.

CREDIT CARD COMPANIES DON’T WANT YOU TO KNOW THIS INFORMATION!

Credit card companies want you to continue to use your credit cards and make minimum payments. This is how they make their money.

Home buyers considering different mortgage products can now use an online mortgage calculator to compare the monthly payments and equity buildup of different loan products, thanks to the Federal Reserve Board. “We have created a tool that will allow consumers to look ahead to see how much equity they will build and what their mortgage payments will be three, five, seven, or 10 years down the road with different mortgage products,” Governor Randall Kroszner said.

The calculator can be used on 30-year and 15-year fixed-rate mortgages, interest-only fixed-rate mortgages, adjustable-rate mortgages, interest-only ARMs, and payment-option ARMs. “These comparisons should encourage more consumers to shop around and compare mortgage offers,” the governor said. The Mortgage Comparison Calculator is available here.

Pamela L. Stewart, Attorney at Law, does not guarantee the security of e-mail correspondence.  Any information conveyed via e-mail is not secure and will be received on a non-confidential basis.  All statements made in this website are intended for informational purposes only.  The information provided in this website does not constitute legal advise.  Communication through this website does not create an attorney-client relationship between Pamela L. Stewart and any recipient or correspondent.  Please do not transmit confidential information to this attorney until a formal attorney-client relationship has been established.