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What's Happening Around You?!
This bill will take affect starting October 1st.  But what does it mean for you?  How will it affect your home loan? Will it stop your foreclosure?  Will it help you get another home?  These are questions that need to be answered and can in the following article.
 
Wall Street, Banks, and Investers see the money going down the drain.  However, new proposals of Bail Outs from the government are giving Investors a reassuring feeling about their money.  After rejecting the first plan of $700 Billion, the Senate could possibly reach a decision today.  Check out CNN's news article that explains how this will affect you and your pockets.
"Those greedy investors deserve what they get." Are you hearing people say that in regards to the Wall Street plumetting.  Do you think that just because you don't own any stock, that it doesn't affect you.  Well, think again.  What happens on Wall St affects us all.  From the banks that we have checking accounts with to being able to buy your groceries at your local Walmart.  From being able to coming to that job that you hate so much to being able to pick up your favorite magazine at the newstand.  Everything is affected and CNN Money will explain how.

Your State Foreclosure Laws
You're months behind in your mortgage payment.  Your Lender keeps sending you "or else" letters.  Then you receive the big one, the Foreclosure letter.  What do you do now.  The fears and the tears have caught up with you.  Your lender won't take your calls and you look at your bank account and see that you barely have enough for groceries and gas to the next paycheck.  Many homeowners don't know their rights in regards to foreclosures.  Don't make the mistake of going out without a fight.  Here you'll find out the Foreclosure Laws for each state.
The list of names is piling up, banks that are being seized or looking for buyers.  Do you know where your money is?  With all that is going on in the financial market and the economy, it has consumers feeling anxious about how secure, if at all, their money is. 
 
Women have progressed and changed the world in so many ways.  Not only are they taking care of what's inside the home, but also on what's outside the home.  More and more women are becoming CEO's, World Educators, and more.  However, lack of financial confidence still seems to linger around a number of women.  Who really is holding you back from how far you can go financially?
 

Doctors Appointment with Your Credit Report

 

When’s the last time you checked your credit report? Or have you ever checked your credit report? Identity theft is on the rise. You should review your credit report and score every six months to be sure that there are no errors. Check below for the three credit bureaus contact information.

Equifax

Equifax Credit Information
Services, Inc.
P.O. Box 740241
Atlanta, GA 30374

Call 1-800-685-1111

www.Equifax.com


Experian
P.O. Box 2002
Allen, TX 75013
1 888 397 3742

www.Experian.com

 

TransUnion
P.O. Box 1000
Chester, PA 19022
1-800-888-4213

www.TransUnion.com

 

 

Book of the Month

"The New Totally Awesome Money Book for Kids."
By Arthur Bochner

 

 


Alot of parents never received education in regards to managing money and finance.  They didn't know how to save or invest their money.  This often times results in the children not knowing how to manage their finances either.

 

Well, in this day and age, it's hard (or just plain stupid) not to think about saving for the future.  People always say that children do not know the value of a dollar.  The reason for this is because kids aren't being taught the value of a dollar.  This book talks about saving, credit cards, and credit. 

 

Packed with useful, easy-to-understand information on every area of money. The Totally Awesome Money Book for Kids includes cartoons, quizzes, games, and other activities to make learning about money fun. Topics covered include:
• Budgets and savings (great ways to get the stuff you really want!)
• The basics of stocks, bonds, and other ways of investing
• Credit cards ("The Plastic Flash") and borrowing
• A brand-new chapter on the Internet with useful Web links
• Paying for college
• And much more

 

This book is geared toward both the Parent and the child.  Find it on Amazon.com for as low as $9.95.  A little bit of money to invest in your childs financial future.

 

 

 KIDS CORNER

 

 

Downloads

 

Learn to Count With Money - Ages 3-6

 

US Mints Games for Kids - All Ages

 

Money Instructor - All Ages

Learn various money skills such as Writing a Check, Saving Money, Investing and more.  It's better to start at a young age then to go through life making all the wrong financial moves.

 

Downloadable Videos

 

Money + Kids

Kids in L.A. Discuss what they think about money and how it affects their lives.

 

Wall Streets 14 Year Old Invester

You're never too young to learn how to invest in the stock market.  This kid made $50,000 off of Wall Street. Today, he owns 54 shares in Nike stock.  He started off small and gained alot.  Can you?

 

Text Messaging

Watchout kids.  It's the easiest way to stay in touch with your friends.  But, it's not the cheapest.  Watch how this kid and his mom learn just how expensive texting is.

 

 

Teenager Job Search

 

Groove Jobs - Need money but don't want to work at the typical and embarrassing fast food spot?  Well, Groove Jobs has listing of jobs available in your area that are great for young people that aren't the typical everyday part-time job.

 

Teen Job Guide - Resources for job searches

 

Teens 4 Hire - Resources and jobs for kids 14-18 looking for jobs.

 

Snag A Job - Resource center for teens looking for jobs.

 

*** Remember kids, before supplying any information on any website, be sure to check with your parents.  Their are alot of freaks out there.  Yoiu don't want them knowing your personal information! 

  

Big Sis and Company

Here at Big Sis & Company, we believe that it is possible to have a healthy, thriving family.  We also feel that by bringing awareness to the causes and effects of Domestic Violence and other unhealthy issues in families- we can begin to see a difference. 
 
Through education, and networking we will help to shine light on family issues that are killing families today!
 

 

Broke and Unemployed


Companies are downsizing or closing their doors all together. In the need of a job? Check these various links to search the right one or one for right now.


CareerBuilder The most common place to finad a job.

Craigslist Jobs Didn't htink here to look for a job? Well, it has more than just things that you can by at a great price. 

Washington Post Jobs Covering DC, Maryland, and Virginia


Federal Government Jobs Find government jobs worldwide with benefits, pay grades, and pensions.

 

Suggestions and Comments

 

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What Ever Happened to "Home Sweet Home"?

 

HomeOwners 

 

Mortgage: Are you behind in payments or facing foreclosure? Check out the FHA for options that are available to you.

Avoid Foreclosure: Tips from HUD

 

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Hardship Letters

So you've contacted your lender to let them know that you can't afford to pay your mortgage right now.  They should of course, inform you of your options and what programs they have available to get you back on track.  However, whatever is said on the phone, most lenders require a Hardship Letter.  What is a Hardship Letter?  It's a letter that explains to your lender or creditor, why you have fallen behind on your bills, what you are doing on your part to get back on track, and requesting assistance.  Here is an example list of hardships that lenders consider during the loan workout process:

  • Adjustable Rate Mortgage Reset- Payment Scock (uncommon, but we will see more lenders accept this in the future) 
  • Illness
  • Loss of Job
  • Reduced Income
  • Failed Business
  • Job Relocation
  • Death of Spouse or C0-Borrower
  • Death
  • Incarceration
  • Divorce
  • Marital Separation
  • Military Duty
  • Reduced Income
  • Medical Bills
  • Damage to Property (natural disaster or unnatural)

 

Look at this example of a Hardship Letter.  You can download this copy and use it as a template for your own. Hardship Letter Example 1 and Hardship Letter Example 2 (ARM) 


Remember that your hardship letter is only one piece of the loan workout process, but key in helping you avoid foreclosure. You will still need to jump a few hurdles with your lender before they will approve you any kind of work out plan.


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Operation Hope

Showcased in the press as well as on The Steve Harvey Morning Show, Operation HOPE's mission is to eradicate poverty in our lifetime through the "Silver Rights Movement".  Providing free services such as Home Ownership Education, Family Financial Education, etc.

 

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Housing

Can't afford to buy and can't afford to rent either.  Low-Rent Apartment Search

Do you know your Tenant Rights?

Families are needing public housing (Section8) more than ever now. Check with your state to see what is available to you and your family.


Homeless or need immediate housing assistance.


Sometimes you have to come out of your comfort zone and make that change. If you’re struggling financially simply trying to keep up with your rent, maybe you should consider moving. Forbes put out a list of the top cities to rent a home.  Check MSN on how to make that change a successful one .

 

NACA - Neighborhood Assistance Cooperation of America

The NACA homeownership program is our answer to the huge subprime and predatory lending industry. NACA has conclusively shown that when working people get the benefit of a prime rate loan, they can resolve their financial problems, make their mortgage payments and become prime borrowers.

 

Gas Tank Breaking the Bank

 

Local Gas Prices
Find out what gas is going for in your area

 

Downloads

 

Monthly Budget Analize how much money you have verses what's going out.  Tip: Best way to get an accurate picture, deposit all your money in the bank.  With your next paycheck, only make purchases using your check card.  When your next paycheck date comes, print out your bank statement, and input the numbers onto the spreadsheet.  This will allow you to get a accurate dollar amount as to where your money is going.

 

 

Know Your Consumer Rights

 

Video: Does your family Clash Over Cash?  See how this family and their spending habits are affecting their family life and structure.

 

Video: Ever seen those "No Money Down" Mortgage commercials.  Well, this guy did.  He attempted to become a real estate mogul and got caught up in the mortgage mess that alot of people are suffering from.  Check out this video on trying to get more than you can handle.

 

 

Special Events

 

Rental And HomeOwnership

Want to speak to a specialist and seek advise and assistance on purchasing or keeping your home.  Check out the FHA's Calendar of Events to see when they'll be in your area.

 

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Women Empowerment

Calling all women with a dream. Are you a business owner? Ever dreamed about owning your own business and just need the motivation? Essence is promoting Women Empowerment through Small Business Ownership.  Women have limitless possibilities and Essence wants to show you how you can reach your goals.  Check out Essence: Women Who Are Shaping the World Conference. One Day, One Event, Limitless Possibilities!

 

Friday, Oct. 24th, 2008

Marriot Marquis NYC

New York, NY

 

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Big Sis & Company and PNC Bank Presents - "Family Matters"
Saturday, Oct 11th
10:00 am - 3:00 pm

Hampton Inn
7295 Williamson Blvd
Manassas, VA


THE SEMINAR YOU DON'T WANT TO MISS - FAMILY MATTERS - OCTOBER 11, 2008 - ENTRY IS FREE

Family Matters Seminar is being brought to you by Big Sis & Company along with PNC Bank.  Learn how to manage your money at this seminar. There will  be discussion on how to build healthy lasting relationships.  We understand that many are experiencing finanical crisis we have some solutions for this! Randstad Employment Services will be there to help you get started in the workforce!  Register now - http://familymatters2008.eventbrite.com 

Attendance is FREE! We'll see you there!
Rate: $0 per person
Rate Details: Entry is free - Must register for your seat at http://familymatters2008.eventbrite.com/
 
Location:
Manassas Hampton Inn
7295 Williamson Blvd
Manassas, VA 20109
 
Contact Information
Liletta Thompson
571-288-1188