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Putting more in your 401k, buying a house or car or giving to charity are among the moves that, if made by Dec. 31, will help shrink your tax bill next spring.
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With the current economic crisis, as hard as most homeowners may try, it is just not that easy to maintain and keep up with their mortgage payments every month which may eventually lead to the foreclosure of the property with all the other payments that need their attention. Allowing your property to go into foreclosure is rarely the right decision. There are many other options out there for you to stop foreclosure in bergen county if your home is in default and you are in a financial reversal situation.
To save your home, you can continue payments on a modified payment arrangement with t
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he bank, or it would be advisable as well to seek the advice of your lender or investor on discussing a reinstatement plan where you can mutually decide a time frame within which you will make the total payment. The last thing any lender would want to do would be to foreclose the property, but putting off the foreclosure process is inherently difficult even for professional real estate investors. One of the problems with not talking to your lender is that they may assume that you are simply succumbing to foreclosure, so be in constant communication with them to prevent this. If you try your best to work with the bank by keeping in touch with them that will payoff in terms of the loan officer providing you alternatives possible to alleviate your financial situation.
If you did not take the time to talk to them or ignored notices from them though, it would be tougher to get favors from them like taking off your property from their list of homes to be auctioned. Keep in mind to do the steps necessary to stop foreclosure in bergen county well before the planned auction date so you can effectively prevent or delay the sale. However, a couple of weeks just won’t cut it if you plan to short sale your property, as this process involves time-consuming negotiations and data and foreclosure information gathering. Before the bank’s loan officers are forced to file foreclosure, many are able to keep up payments or even just partial payments which keep their mortgage afloat.
Should you be close to foreclosure you can probably put this off a little bit longer by letting the bank know that you are trying to put together a short sale. By continuing to make partial payments, you buy yourself a month’s worth of valuable time. Partial payments may not cut it for all cases as some banks will only stop or delay foreclosure upon receipt of complete mortgage payments. Just in case you ever get yourself in this bind, research on other financial options like renting the property so you can keep the property and have someone else paying most or all of the mortgage for you, among others.
To ensure an extension, make sure you send a copy of it yourself directly to the attorney in charge of the foreclosure. Contact the attorney to get an acknowledgment that the extension has been noted and will be acted upon. Also contact the person in charge of the Sheriff’s auction to know for sure that your house has been cleared off their list. Just to be on the safe side, it would be best to get a copy of the list so you can check it yourself.
With the steps mentioned here, you can now delay or stop foreclosure in bergen county process and stay in your home. These methods may be effective for most, but there can still be cases in which these doesn’t apply. Your greatest success can come through staying in touch with the mortgage company from the moment you miss one payment and calling as early as possible to request a foreclosure extension.
Besides this, you can find more ways to stop foreclosure in bergen county now when you check out my website.



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Posted To: MND NewsWireThe Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between October 29 and November 4, the Federal Reserve purchased a total of $16.00 billion agency MBS. In those five days the Federal Reserve sold no agency MBS coupons. The Fed's weekly net purchases totaled $16.00 billion. The goal of the Federal Reserve's agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions in financial markets more generally. Only fixed-rate
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agency MBS securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae are eligible assets for the program. The program includes, but is not limited to, 30-year, 20-year and 15-year securities of these issuers. Since the inception of the program...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
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This post is from GRS staff writer April Dykman.
A college professor once told my journalism class that freelance writing is something you should do on the side. It’s not anything you could make a living at full-time. 
I graduated and worked at an office job until I decided I wanted to become self-employed and do something that would give me more free time to write. A real job and a writer on the side, jus
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t like the professor had suggested. I went into real estate.
To say it was an awful fit would be an understatement. The very thought of cold-calling made me want to stay in bed with the covers over my head. What’s worse is that I wrote a total of one article that year. What in the world happened?
“Freelance writing can’t be a successful business.” That was my limiting belief. (To be fair, it was a belief I held long before the well-meaning professor reinforced it.) So I took a full-time job as an editor, and on the side I’d write maybe one or two magazine articles a year. I didn’t believe I could have a thriving freelance business, so I didn’t even try.
One small step
Early this year, I made the decision to put more effort into my freelance writing. Not too long after, J.D. mentioned that he was going to hire one or two staff writers. It sounded like a great opportunity, but I was scared to death to send the e-mail just asking to try out. What if I wasn’t selected? Even scarier was the possibility that I might get the job. What if I ran out of stuff to write? Freelance writing can’t be a successful business!
Soon after getting the staff writing gig, I picked up another writing client who found me through GRS. It was a breakthrough. I’ve since added two more projects to the list. I was actively pursuing and attaining everything I passively dreamt about for years. I took one tiny step that scared the hell out of me, and it snowballed.
Separating from limiting beliefs
My limiting belief shrinks every day because I’m slowly proving it wrong.
The funny thing is that once you stop identifying with a limiting belief, you start to recognize them everywhere. There was the well-meaning friend who thought writing the GRS try-out articles without being paid for them was a bad idea (when in fact it insanely boosted my business in less than a month). There are the people who stay in jobs they hate because they have a kid in college. There are the ones who say they have no time for a side business, or so-and-so only did it because they had money or the right contacts (Ramit calls this The Shrug Effect). I empathize with their reasons because I did the same thing for years.
No matter what your limiting beliefs, the steps to knock them out are the same. I only realized it in retrospect, of course, but the steps I took to grow my freelance business aren’t much different than the steps I took to overcome some of my other limiting beliefs, such as:

  • Only people who are rich can travel to Europe.

  • Getting into a boxing ring will end with a trip to the ER.

  • I’ll see a shark if I scuba dive, and I’ll panic and die.


Round one: Set the intention
Thoughts have a significant effect on reality. Truthfully, this has always sounded like new-agey stuff to me, and I agreed wholeheartedly with J.D.’s review of The Secret.
But what I’m talking about is clearly defining an intention or goal and writing it down. I set the intention to expand my freelance business this year. No, it didn’t happen magically and without any effort on my behalf. I did the work, but first I had to be clear about what I was setting out to do, and I had to believe that I could do it. As I progress, I distance myself more and more from the limiting beliefs that held me back. 
Round two: Find mentors who are already doing what you want to do
Some of the most helpful, friendly people I know are people I’ve “met” online. I have a mentor in Canada who I have never met in person, yet she’s willing to take time out of her schedule to talk with me over the phone. She is making a living doing something that several people have told me is hard or impossible to do. I choose not to listen to them. I choose to hear how she is already doing this impossible thing.
Mentors also keep you positive. If you are feeling stuck or uninspired, contact one of your mentors to ask a question or reread an inspiring e-mail they sent. Block out the noise.
Round three: Ignore others’ encroaching limiting beliefs
It’s easy to be discouraged by other people’s limiting beliefs. Maybe you know someone who loves to tell others why something can’t or shouldn’t be done. If it’s legitimate constructive criticism, by all means, don’t dismiss it. But you can recognize limiting beliefs pretty easily, especially if you used to be the one coming up with them. Just smile and move along.
Or, use it as fuel. Sometimes nothing gets me more fired up than hearing the reasons I can’t do something. (Especially if that reason is because I am a female!)
Finally, keep a Word document with positive statements people have made. It’s cheesy, but consider this: How many times do we remember the nice or positive things people say to us or about us? Most people fixate on the negative, and that’s what they remember. You probably can recall dozens of awful moments all the way back to kindergarten, but do you remember the professor who told you you have a talent for writing profiles or the editor who said you wrote a killer article? Write down the good stuff, and read it when you need a pep talk.
Round four: Make a move.
Do something small to get the ball rolling, even if you think you will fail, cancel, or back out later:

  • One e-mail to rev up a freelance business.

  • A $400 deposit on a trip to Europe.

  • Weeks of training in the boxing gym on heavy bags and focus mitts.

  • Reserve a class at a dive shop.


Once you light the fire, it’ll be harder to put the breaks on.
I can still list limiting beliefs I’m holding, and I’m sure there will be many more in my future. The solutions to overcoming these fears start with a desire to take action. What limiting beliefs do you hold? How are you working to overcome them?
J.D.’s note: For more on this subject, check out my advice on how to fight financial trolls.
---Related Articles at Get Rich Slowly:



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TD Asset Management Inc., a subsidiary of TD Bank (NYSE:TD) and the manager of TD Mutual Funds, today reported long-term fund net sales totaling $624 million for the month, and money market fund net redemptions of $466 million. Assets invested in TD Mutual Funds totaled $53.2 billion as of the end of October. This [...]
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Matching comes back but with a catch. What to watch out for.



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A new study ranks the retirement systems of 11 nations, and the findings aren't all that good for Americans.
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I used to wonder why my colleagues’ blogs became strangely silent when they were working on their books. Haha. I don’t wonder anymore. Writing a book is an all-consuming process that’s difficult to describe. I’m thankful I recruited April and Baker as staff writers before I began working on my own book.
Progress on Your Money: The Missing Manual actually ground to a halt this week. Well, that’s not strictly true. I did miss my deadline on Monda
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y, but it’s not for lack of trying. I’ve already written as much (~12,000 words) for the frugality chapter as for two normal chapters combined. The problem is that there are too many ways to save money! So, I’m producing a ton — I just didn’t finish the chapter on time.
The topic I’ll be tackling this morning is frugal fun. As I plotted the section last night, I realized we haven’t discussed this subject much at Get Rich Slowly. Why not? There are lots of cheap ways to have a good time.
While I finish pulling this section together, I thought it would be fun to poll you for suggestions. How do you have fun without spending a lot of money? Better yet, do you have hobbies or pastimes that actually make you money? I’ll go first.
Here are some of the ways I’ve learned to find maximum fun with minimum cost (and yes, some of these will be in the book):

  • Take a class. Community ed classes usually cost about $50. Classes at the community college might run up to $200. While this may not seem frugal, remember that you’re not only having fun while you take your course, you’re (theoretically) picking up a skill that you can use to improve your life.


  • Read a book. Boring, I know, but this is still one of my favorite ways to relax. For the past few years, I haven’t had much reading time. That’s changed in recent months. (Well, until I started the book, anyhow.) Now I remember how much I love Dickens and Twain and, yes, even Proust. If you use the public library or a used bookstore, this can be a frugal hobby, indeed.


  • Exercise. I love activities that do double duty. When you find an exercise you love to do, you’ll not only enjoy yourself, you’ll also enjoy improved fitness, which in turn will save you money.


  • Volunteer. I admit that this isn’t something I’ve done yet, but I’ve heard of other who have. The idea appeals to me. Find a way to do something that you love while also helping others.


  • Make use of what you already have. Ah, this is a big one for me. I’ve shared before how much Stuff I have. At one time, I owned over 3,000 books. I still have about a thousand volumes, many of which I haven’t read. Plus tons of comics and music and movies. If I started using the stuff I already own, I’d probably never run out of things to do.


Last week, I interviewed Trent from The Simple Dollar to get his suggestions for simple pleasures. He had some great ideas. My favorite thing he said was this:
The mistake most people make is looking for the free stuff first. Look at the things you really enjoy doing. Once you know what you like to do, there’s almost always ways to do these cheap.
This is very true. If you know what it is you like to do, there are always people doing the same thing for very low cost. (Well, maybe not if you’re into boating. I’m not sure how you make boating a frugal hobby.) If you’re patient and clever, you can find out how others are doing what you want to do without going broke.
So, how about it? What sorts of frugal things do you do for fun? What info should I pass on to the readers of my book?
---Related Articles at Get Rich Slowly:



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Aging research is a very popular topic for study and much of the research that goes on in medicine is in some way linked to gaining. The life expectancy has greatly increased due to advances in medicine and the understanding of human health. There is a lot of investigation into specific aging diseases such as Parkinson’s and Alzheimer’s as well as stopping the signs of gaining.
There are many diseases and health issues that occur as an individual ages. Some of the research looks into health issues and other industries also look into aging and gaining research to stop the signs
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of gaining. This is specifically the cosmetic agency. Many individuals look for ways to stop aging as this provides a greater work force.
One of the big areas of research in aging deals with Alzheimer’s. This disease is specifically linked to gaining and there are many agencies that work specifically on Alzheimer’s research. The ACT-AD is one such coalition that is comprised of national organizations that are looking to fast track a cure or successful treatment for Alzheimer’s.
Oxidation and understanding how and where it happens in the body as oxidation increases as you age. Oxidation occurs by free radicals that form in the skin and many aging signs in the skin are directly linked to oxidation.
This oxidation creates instability in the body. A lot of the current research focuses on how this oxidation occurs and ways in which to reverse to stop oxidation from happening. The cosmetics industry has put a lot of time and money into oxidation and free radical formation.
Another area of research is in weight and how your weight when you are younger an affect you as you age. Being obese or overweight when you are young has been linked to developing heart disease or diabetes when you are older. Also being a healthy weight has been linked to staying active when you are older as it is much easier to be mobile.
The effect of breaking bones when you age will also affect your health and lifespan as those that break a bone, specifically the hip, will have a higher mortality rate. Much of the current research is focused on understanding why these accidents or falls occur and how it can be avoided or finding successful treatment after the bone has mended. Many diseases and dementia are linked to breaking bones and there is a huge emphasis on studying brain functions as you age.
For more information on how Long Term Care Insurance can help prepare us as we age. Also you can get a long term care insurance quote. We represent 20 of the top LTCi providers. This gives you tremendous options.



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The Mortgage Bankers Association today released the Weekly Survey on Mortgage Application Activity for the week ending October 30, 2009. Housing is a key component of economic forecasts, thus real estate surveys and housing data are closely scrutinized by policy makers. The Mortgage Banker's application survey covers over 50% of all US residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a look into consumer demand for mortgage loans. A rising trend of mortgage applications indicates home buying interest is increasing, a
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positive for the housing industry and economy as a whole. Furthermore, in a low mortgage rate environment, a trend of increased refinance applications implies consumers are seeking out a lower monthly...(read more)Forward this email:  Send a copy of this story to someone you know that may want to read it.
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