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Mortgage News for Sunday - January 18, 2004

More Mortgage News
• Going over the financial cliff
• Area families closer to attaining new houses with SuperBUILD
• Las Vegas Builders' Show Will Take No Chance
• Improving Credit Rating
• Housing, consumer debt and the next financial meltdown
• How can I liberate my wife from liability?
• Reverse Mortgage: Banking on the house
• Spending probably to be stronger
• Bellwether Wachovia expects healthy growth
• Former Mortgage Broker Finding Success On The Internet
• Mortgage servicer Ocwen's practices leaves bad aftertaste
• Home Starts Seen Close to Two-Decade High: U.S. Economy Preview
• Good ways to get out of debt and cure the holiday hangover
• Private mortgage insurance eats into budget
• House sold twice
• Sales tax affects more the poor than the rich, studies find
• Avoid getting lynched in the inheritance tax man's noose
• Stressed by economy, consumed by debt
Mortgage News
Avoid getting lynched in the inheritance tax man's noose - 2004-01-18
Far from easing the inheritance tax burden, the government is clamping down on avoidance schemes.

People can also reduce the size of their estate at a stroke by taking out an equity release plan. This involves selling part of a property in return for cash or raising a lifetime mortgage on it, which is repayable on death.
Read the full story at The Scotsman
 
Stressed by economy, consumed by debt - 2004-01-18
A couple, a child, two jobs and $30,000 in accumulated credit card debt. It is the story of household finances crumbling, slipping and finally careening out of control. Like a record number of other American stories, this one is about to start a chapter called bankruptcy.

When money got tight, Muckle kept current with mortgage and car payments by paying them with her credit cards, she said. Before long, she'd hit the limit on the cards.
Read the full story at Atlanta Journal And Constitution
 






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