Home Equity Loans – Beware of Appraisal Fraud

Written by Charles Essmeier


Continued from page 1
values, leading to massive foreclosures. This probably will not happen, but there are several things prospective borrowers can do to avoid being caught inrepparttar appraisal trap:

  • *Become educated aboutrepparttar 136008 appraisal and lending process. The more informed you are,repparttar 136009 less likely you are to be caught in a scam.


  • *Be aware that refinancing your home isn’t a cure to all problems. It may seem appealing to userepparttar 136010 equity in your home for such uses as debt consolidation but ifrepparttar 136011 result of that is that you owe more on your home than it is worth, you probably haven’t gained anything.


  • *Be active inrepparttar 136012 appraisal process. Talk torepparttar 136013 appraiser, and ask to seerepparttar 136014 finished appraisal, along withrepparttar 136015 data used to create it. Appraisals are based in part onrepparttar 136016 sales of similar properties in your area. Check them out yourself and comparerepparttar 136017 home you saw withrepparttar 136018 stated appraisal value.


  • *Be bold. Ask your lender if they pressure their appraisers to provide inflated values. You might not get an honest answer, but pay attention to how they respond. You might be able to determine if they are lying.


    • Ultimately, if you take out a home equity loan or a mortgage for more than your home is worth, you arerepparttar 136019 one that suffers. That can be easily avoided if you simply pay more attention torepparttar 136020 process and educate yourself aboutrepparttar 136021 possible pitfalls. The last thing you want to lose is your home.

    ©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including http://www.End-Your-Debt.com/ and http://www.HomeEquityHelp.net/


    How to Get Out of Debt

    Written by John Mussi


    Continued from page 1

    Consider these questions:

    How many credit cards or debit cards do you have? Try to reducerepparttar number of credit cards you hold and set yourself a monthly expenditure budget. Do not exceedrepparttar 136007 amount you selected. Rather than have multiple credit cards shop around forrepparttar 136008 one offeringrepparttar 136009 best rates and transfer over to that card. The less credit cards or debit cards you haverepparttar 136010 lessrepparttar 136011 temptation to overspend.

    How many times a week do you go out?

    Do you really need to go out clubbing every night ofrepparttar 136012 week? Why not reducerepparttar 136013 number of nights out from seven to two or three. You may be pleasantly surprised to discover that you can live quite well without going out every night. How much do you spend on cigarettes and drink?

    Calculate how much per week you spend on cigarettes and drink? Quite surprising, isn’t it? Why not try to cut down onrepparttar 136014 amount you smoke and drink not only forrepparttar 136015 sake of your finances but more importantly forrepparttar 136016 sake of your health.

    Do you really need more clothes?

    This is a difficult question to answer as we all have different views on style, clothing and fashion. Nevertheless, you need to assess your own circumstances and decide whether that particular item of clothing is absolutely necessary or not. In most cases you will find that it is not as critical as you first thought.

    Willrepparttar 136017 car not last another year?

    Why changerepparttar 136018 car now. Will it not last for another year? If you must have a new car this year, does it have to berepparttar 136019 top ofrepparttar 136020 range model? You will be pleasantly surprised at how much you can save by not having a few ofrepparttar 136021 latest gadgets added.

    The weekly shop:

    Ask yourself, do I really need two shopping trolleys worth of food every week? We are all obsessed by our weight and yet we all walk out ofrepparttar 136022 supermarket laden to excess and then wonder why we are putting on weight. This in turn means that you will spend more money on fancy diets, get more depressed and end up eating more food! Try to buy less and buy fresh.

    There is no magic wand as far as recovering from debt is concerned. It takes time, it can be a struggle but it will be worth it inrepparttar 136023 end. Hope that this has helped.

    You may freely reprint this article providedrepparttar 136024 author's biography remains intact:

    John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


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