Comments on: Questions for Suze Orman http://mommysnacks.net/2009/04/questions-for-suze-orman/ Save on what You Need. Spend on what You Want Tue, 07 Sep 2010 12:02:38 +0000 http://wordpress.org/?v=abc hourly 1 By: Luz Sawyer http://mommysnacks.net/2009/04/questions-for-suze-orman/#comment-59688 Luz Sawyer Fri, 13 Aug 2010 07:10:33 +0000 http://mommysnacks.net/?p=1524#comment-59688 My husband and I are having difficulty in making our mortgage paymen. We have a second, have refinanced and are upside down on our home. We are not behind on any payments, but struggle to meet our home payment of $2,000 a month. My question is, we have been hearing for a while about the Obama relief to help such homeowners with these problems with a modification program. I would like to know, how does this affect our credit scores, and how seriously does it affect us if we want to buy another home in the future. Can this hurt us for a long time? My husband and I are having difficulty in making our mortgage paymen. We have a second, have refinanced and are upside down on our home. We are not behind on any payments, but struggle to meet our home payment of $2,000 a month. My question is, we have been hearing for a while about the Obama relief to help such homeowners with these problems with a modification program. I would like to know, how does this affect our credit scores, and how seriously does it affect us if we want to buy another home in the future. Can this hurt us for a long time?

]]> By: eileen flavin-samon http://mommysnacks.net/2009/04/questions-for-suze-orman/#comment-54726 eileen flavin-samon Thu, 08 Jul 2010 21:50:56 +0000 http://mommysnacks.net/?p=1524#comment-54726 my husband and i are disabled. i have been disabled since nov 09 My employer did a reduction in force and let me go - i was over the 12 week mark of MLOA. My question is we cannot afford our house mortgage. We are way upside down. If I go into foreclosure, will they take my savings that I have pulled from my retirement to live on ? If so can I payback my daughter the amount that i have borrowed and will they be able to get that ? thanks my husband and i are disabled. i have been disabled since nov 09 My employer did a reduction in force and let me go – i was over the 12 week mark of MLOA. My question is we cannot afford our house mortgage. We are way upside down. If I go into foreclosure, will they take my savings that I have pulled from my retirement to live on ? If so can I payback my daughter the amount that i have borrowed and will they be able to get that ? thanks

]]> By: Sarah George http://mommysnacks.net/2009/04/questions-for-suze-orman/#comment-51093 Sarah George Sun, 06 Jun 2010 03:36:11 +0000 http://mommysnacks.net/?p=1524#comment-51093 ps sorry, it's so late...I meant universal life contracts by Douglas Andrew, not term insurance...forgive ps sorry, it’s so late…I meant universal life contracts by Douglas Andrew, not term insurance…forgive

]]> By: Sarah George http://mommysnacks.net/2009/04/questions-for-suze-orman/#comment-51092 Sarah George Sun, 06 Jun 2010 03:35:00 +0000 http://mommysnacks.net/?p=1524#comment-51092 I hope you learn a lot and have a blast meeting one of my mentors! I would ask her how she feels about universal life contracts. We know how she feels about term life insurance, but there is a little known program called term life insurance that seems, well, when executed properly too good to be true. I have read four of Douglas Andrew's books on this insurance, and just wonder what our money genius Ms. Orman says about them. Take care and take notes! Truly, Sarah I hope you learn a lot and have a blast meeting one of my mentors! I would ask her how she feels about universal life contracts. We know how she feels about term life insurance, but there is a little known program called term life insurance that seems, well, when executed properly too good to be true. I have read four of Douglas Andrew’s books on this insurance, and just wonder what our money genius Ms. Orman says about them. Take care and take notes! Truly, Sarah

]]> By: Cathy C. http://mommysnacks.net/2009/04/questions-for-suze-orman/#comment-45621 Cathy C. Wed, 14 Apr 2010 23:28:05 +0000 http://mommysnacks.net/?p=1524#comment-45621 My sister has not spoken to us in almost three years. Our Mom paid off my sister and brother-in-laws home to save it in a foreclosure. They still owe just over $29,000 but the contract, a QuitDeed, stated they were responsible for all property taxed and insurance of which they have defaulted on. Mom has filed a foreclosure on that property and of course we are going to court on April 20, 2010. My question is, Mom wants to add my name to the deeds of all three homes she owns. Should she do this? Right now Mom's name is the only name on the three homes. I live with her, take care of her, do all the shopping and taking her to the doctor. My sister was great to us until our younger brother moved back with us after a very nasty divorce and he had open heart surgery just six months after moving here and that is when the you know what hit the fan. My sister has always been a very jelous person but lately she has just become a you know what. I have a lot of mixed feeling about this, both of my brothers told Mom not to put their name on any of the deeds that since I am not married and have no children and I live with her my name is the only name that should be on the deeds. Thankful but puzzled. Please Help! Cathy C. My sister has not spoken to us in almost three years. Our Mom paid off my sister and brother-in-laws home to save it in a foreclosure. They still owe just over $29,000 but the contract, a QuitDeed, stated they were responsible for all property taxed and insurance of which they have defaulted on. Mom has filed a foreclosure on that property and of course we are going to court on April 20, 2010.

My question is, Mom wants to add my name to the deeds of all three homes she owns. Should she do this? Right now Mom’s name is the only name on the three homes. I live with her, take care of her, do all the shopping and taking her to the doctor. My sister was great to us until our younger brother moved back with us after a very nasty divorce and he had open heart surgery just six months after moving here and that is when the you know what hit the fan. My sister has always been a very jelous person but lately she has just become a you know what. I have a lot of mixed feeling about this, both of my brothers told Mom not to put their name on any of the deeds that since I am not married and have no children and I live with her my name is the only name that should be on the deeds.

Thankful but puzzled. Please Help!
Cathy C.

]]> By: Helene Cleary http://mommysnacks.net/2009/04/questions-for-suze-orman/#comment-40978 Helene Cleary Mon, 08 Mar 2010 20:48:55 +0000 http://mommysnacks.net/?p=1524#comment-40978 Question for Suze Orman I live in Montreal Canada and my question is: I was thinking of opening a US$ saving's account. The purpose is to save US$ for the future. I think that the US$ will eventually go much higher. If I start now buying it will be a great saving for the future. What do you think. Is this a good idea or not? I am a fan from Montreal, Quebec Waiting for your answer Suze. Helene Cleary Question for Suze Orman

I live in Montreal Canada and my question is:

I was thinking of opening a US$ saving’s account. The purpose is to save US$ for the future. I think that the US$ will eventually go much higher. If I start now buying it will be a great saving for the future.

What do you think. Is this a good idea or not?

I am a fan from Montreal, Quebec

Waiting for your answer Suze.

Helene Cleary

]]> By: marysecolbert http://mommysnacks.net/2009/04/questions-for-suze-orman/#comment-26807 marysecolbert Fri, 13 Nov 2009 01:38:14 +0000 http://mommysnacks.net/?p=1524#comment-26807 my daugther has a loan with sallie mae and her payments are 167.00amonth ,she cannot meet this payment righ now,she sent them 100.00 a month,she has a hardship,they have been call my house about 10 times a day,crazy,she try to talk to them to accept the 100.00 montly ,for now,they transfer to none english american customer service and she is not get the righ answer,what do you adwise her to do,she is send them a letter,later.to explaine that she sent a payment of 100.00,only,sincerely,marysecolbert. my daugther has a loan with sallie mae and her payments are 167.00amonth ,she cannot meet this payment righ now,she sent them 100.00 a month,she has a hardship,they have been call my house about 10 times a day,crazy,she try to talk to them to accept the 100.00 montly ,for now,they transfer to none english american customer service and she is not get the righ answer,what do you adwise her to do,she is send them a letter,later.to explaine that she sent a payment of 100.00,only,sincerely,marysecolbert.

]]> By: mommysnacks http://mommysnacks.net/2009/04/questions-for-suze-orman/#comment-20122 mommysnacks Thu, 03 Sep 2009 16:36:43 +0000 http://mommysnacks.net/?p=1524#comment-20122 Joseph, I haven't heard of that company. But, I would honestly say to take the snowball approach and baby step your way out of debt. Joseph, I haven’t heard of that company. But, I would honestly say to take the snowball approach and baby step your way out of debt.

]]> By: Joseph http://mommysnacks.net/2009/04/questions-for-suze-orman/#comment-20104 Joseph Thu, 03 Sep 2009 04:12:19 +0000 http://mommysnacks.net/?p=1524#comment-20104 I recently heard a radio advertisement for a company called no more mortgage. They claim to reduce all debt including your mortgage in an average of 9 years without any increase in payments or harm to your credit. Is this legit? Has anyone done it? Does someone like Suze Orman recommend it? They do a free financial anyalysis first. President is Larry Ruff. I recently heard a radio advertisement for a company
called no more mortgage. They claim to reduce all debt including your mortgage in an average of 9 years without
any increase in payments or harm to your credit. Is this legit? Has anyone done it? Does someone like Suze Orman recommend it? They do a free financial anyalysis
first. President is Larry Ruff.

]]> By: VANESSA http://mommysnacks.net/2009/04/questions-for-suze-orman/#comment-17077 VANESSA Tue, 04 Aug 2009 21:54:46 +0000 http://mommysnacks.net/?p=1524#comment-17077 I owe $180000 on my home. I owe $12000 on a equity line. No car payments, no credit cards. I have a 401k and a ESOP plan with my employer and an IRA all totaling just around $150000 (took a killing because of the economy). I have about $5000 in a regular passbook saving account earning .60% (emergency money). I have $15000 in a c/d thats coming up for renewal in a few weeks, my question is, should I pay off what I owe on my line of credit or purchase another c/d with a APY of 2.15? I'm paying 5.0% right now on my line but think I might need the interest to give me a better return at the end of the year on my taxes. I am turning 50 in a few weeks, 2 kids, 1 finished college and the other in his second year of college. Single mom! I owe $180000 on my home. I owe $12000 on a equity line. No car payments, no credit cards. I have a 401k and a ESOP plan with my employer and an IRA all totaling just around $150000 (took a killing because of the economy). I have about $5000 in a regular passbook saving account earning .60% (emergency money). I have $15000 in a c/d thats coming up for renewal in a few weeks, my question is, should I pay off what I owe on my line of credit or purchase another c/d with a APY of 2.15? I’m paying 5.0% right now on my line but think I might need the interest to give me a better return at the end of the year on my taxes. I am turning 50 in a few weeks, 2 kids, 1 finished college and the other in his second year of college. Single mom!

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