Wednesday, December 19, 2007

Voting Question: I purchased a business for 55k that turned out to be a scam. I've lost $2300 per month for 7 mos. Please Help!

I would very much appreciate your feelings on this. Thank you.

I just learned that Mitt Romney's private equity firm, Bain Capital , and Thomas H. Lee Partners have agreed to pay in a leveraged buyout agreement with Clear Channel Communications , the largest radio station owner in the country for 19.5 Billion. This is the release from Clearchannel's website:

http://www.clearchannel.com/Corporate/PressRelease.aspx?PressReleaseID=1824

and BAIN CAPITAL::
http://en.wikipedia.org/wiki/bain_c...

Clear Channel owns over 1,100 full-power AM, FM, and shortwave radio stations, twelve radio channels on Satellite Radio, and more than 30 television stations in the United States. Premiere Radio Networks , which is the largest syndication company in the United States, is a wholly owned subsidiary of Clear Channel and is home to Rush Limbaugh, Glenn Beck, Sean Hannity and many other household names.

Could it be that Romney will use his new-found media outlet as a passive wing of his Campaign? Sorry that Bain Capitol link didn't work. Here it is....

http://en.wikipedia.org/wiki/Bain_Capital

Voting Question: My credit score is 672. I can field about 20% equity for a home . Am I credit worthy to hold a mortgage?



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Voting Question: What can the mortgage company do when I have two properties and can only afford one?


I have two homes with the same mortgage co. One I can't afford and the other I can. The one I can afford has a little equity. Can they force me to sell it if I go into foreclosure?

Voting Question: I purchased a business for 55k that turned out to be a scam. I've lost $2300 per month for 7 mos. Please Help!


With what was basically my safety NET (my home equity), I purchased a business opportunity. I made this purchase hopefully to better my situation - I was working 16 sometimes 18 hrs a day as a vendor. This High Class Scam (bus. opp.) has put me in a very bad situation. I had to leave my old job to run the business, but I have been loosing ~2300 per month for 7-8 months. I have been living off of credit cards. What should I do, I have a wife and two kids? Time is running out!!!

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