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Tag Archives: foreclosure

Head in the sand doesn’t really work for those outstanding debts

Connie Prater

A headline from Michigan caught my eye this morning: “101-year-old Detroit woman evicted in foreclosure.”

The Associated Press article detailed the plight of Texana Hollis and her son, Warren. Sheriff’s deputies went to the home she has lived in for nearly six decades and put the woman and her two adult sons (ages 66 and 69) out. Warren Hollis told WXYZ-TV that he hadn’t paid the mortgage in several years and ignored eviction notices.

If you’re going to do that, think about the collateral damage that you may be causing to people who depend you on — an elderly parent who lives with you, your children or spouse. They would face the embarrassment and disruption caused by a “surprise” eviction or a civil judgment for a delinquent credit card bill.

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‘Just Fix it!’, credit counseling group CEO says

Connie Prater

The CEO of a national non-profit credit counseling group uses the humor of Saturday Night Live to make a point about what ails the U.S. economy and family finances.

Just “FIX IT!,” she says in annual speech.

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‘Cash advance,’ ‘foreclosure’ top list of fast-rising online search terms

Daniel Ray

If Internet searches for the terms “cash advance” and “foreclosure” were songs on the Billboard charts, they’d be rising with a bullet.
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