Investors look ahead to brighter month
Most investors are looking forward to the month of June - and for good reason. The Dow Jones Industrial Average posted its worst May since 1940.

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Both of my parents have not contributed anything to my college living expenses. I lived with them through two years of community college and am at my second year at a university, living out on my own. My dad makes a good ammount of money, so the ‘expected family contribution’ would be more than enough to pay for my education and living. All I recieve from my parents is health insurance and car insurance. All the government offers me is unsubsidized loans.

I have scraped together money saved from working in highschool, internships during college, and some very decent scholarships. I work during the school year, which complicates the already high difficulty of engineering school. I have taken out loans, but find myself needing more money to survive, even in my relatively low standard of living (I’m eating canned corn as I write this at a desk I found on the side of the road).

How do I convince my parents to give me some of the money that they are saving by having me as a ‘dependant’ on their taxes?

I’ve worked so hard and am so close to the end, I don’t want to drop out of school just because I can’t afford it. My loans would come due, and that would kill me. My little brother isn’t even able to go to school because they won’t finance his education either.

My parents live in a million dollar custom home on prime real estate in the foothills, and were stupid enough to invest hundreds of thousands in real estate they planned to ‘flip’ back when that was the cool thing to invest in. Aparently deadbeat investments are worth more than their children.

What is worse is that my scholarship money is disbursed to my mother’s account by the university. Last time she claimed that I couldn’t get it because ‘she had to make the house payment’, and threatened not to write me the check if I forgot to buy her cigarettes on my way to their house (ITS MY MONEY DAMNIT).

Do I talk to the financial aid office? I heard they can’t help me. Do I try to override dependant status?

I know the short sale process is a bit longer, but we submitted an offer on an approved short sale. The bank finally counter offered and we accepted. It’s been 2 weeks and we still have not received any purchase agreement. Our lender has not heard anything either. Our “realtor” is also the listing agent and keeps telling us she should have the papers in a few days. Is this typical?

I dont want to make the offer to low…I heard for a short sale the offer should not exeed 15% below asking price. what would a resonable offer be for an reo-bank owned? I dont want the bank to just turn me down…what would be a good low ball offer?

This Guide Covers Everything Needed To Successfully Execute A Short Sale With A Bank. Set Up In A Simple Step-by-step Format And Includes All The Forms And Contracts Needed. For: Business Opportunity Seekers, Distressed Sellers, & Buyers. 128 Pages.
Short Sales Insider Guide - Big Profits In A Chaotic Housing Market.

We put an offer in on a short sale 3 weeks ago and have now heard from the other broker that he has talked to the bank who is almost sure the offer will be approved but they will take another 2 weeks until their final decision. Considering our offer is approved, is it true that short sales close very fast once the bank has approved everything, like 1-2 weeks? All we need to do is the inspection.

It can be very hard for owners to accept when the market forces them to sell for less than they want to get out of their home. Lately, some sales are even for less than the owners still owe on their home. This is never easy. Known as a short sale, it is an alternative to foreclosure for down-on-their luck home owners. But they aren’t a simple process, requiring the lenders approval at every stage. If an offer is made, the bank needs to decide if it is within the range they will accept. If they do accept it, the owners need to find out for sure if their remaining debt will be absolved. Some lenders will do this but others may force the seller to pay their remaining debt by selling off their other assets.

The chance of being absolved of debt is very appealing to down-on-their-luck home-owners, considering the alternative is to foreclose. Foreclosures mark ones credit rating for seven years. Sadly, a bad credit rating can stop one from getting another mortgage. Further, some renters and even employers check credit ratings and see them as a sign of trustworthiness and competence. Plus, there’s the humiliating process of having one’s home on the public auction block. So the impacts of foreclosure are far reaching and can really turn ones life in a negative direction. It should be noted, however, that although a short sale shows up differently on your credit report, it is still there, and can also have a negative impact.

Most banks prefer to accept a short sale than to foreclose, as they must pay taxes on every property in their possession. Taking a small cut in the sale of the home may still save them the money and hassle involved in foreclosing. So short sales are a better option, but they can end up taking months longer than conventional home sales.

A short sale is a serious thing, and won’t be accepted by the lender without proof that the market drop has created a situation wherein the homeowner will absolutely not be able to sell the home for what they owe. Also, a short sale usually can’t happen until after the homeowner is in default, or is about to go into default. In the past, no bank would consider it until the owner had missed mortgage payments. However the current economic climate has made lenders realize that it’s sometimes better to quit while they’re ahead, so to speak, and accept a short sale before they loose too many payments. However, the homeowner will probably be expected to show, in writing, why they are unable to make further payments or pay the remainder of their debt. Suitable reasons include a death or critical illness in the family, divorce, loss of a job or bankruptcy. Homeowners will also need to show the lender that they have little or no assets. Ultimately, it is in the lenders hands whether or not a short sale is accepted.

Buckeyes athletics make money in fiscal year
COLUMBUS — After losing $148,000 a year ago, Ohio State’s athletic department will bank $23,400 for the 2009-10 fiscal year, according to numbers disclosed Thursday to The Associated Press by athletic director Gene Smith.

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This what we can all expect if the muslims succeed in reducing Western civilisation to Dhimmitude.
Whites will be required to step aside to allow a muslim to pass on the road.
Whites will have to bow their heads in shame when walking past a mosque.
Whites will have to pay a poll tax or risk death at the hands of a mob.
White women will be the exclusive property of any muslim man.
Whites won’t be allowed to own real estate.
Whites will have no rights in court, a muslim’s testimony will trump that of any number of infidels.
Whites won’t be allowed to pray in public.
Whites won’t be allowed to congregate in public or private.
Our children will be taken from us and sent to madrasses for indoctrination in Islam.
It won’t be a crime for a muslim to kill, rape or rob a White person (even if he pays the tax).
Whites will be forbidden to work on the muslim holy day.
Whites will be forbidden to own weapons.
And that’s just the start of the new rules “of peace” with Islam.

What is a short sale?
Will lenders approve the buyer?
I have a buyer, what should I do!

I’m not yet late on my payments, and im not in a forclosed situation YET. But, I can’t pay this month, i’m hoping to “short sale” before the 30days.

I need to do this asap…. I don’t want it to affect my credit. as i need to rent elswhere, and have a baby.

Thanks!