Review Mortgage Lenders

Aspen Mortgage

Variations on Capitalism Around the Globe - Linda Hill

Business and Society Program. ... Fora Tv ... islam islamic law muslims dubai banking banks lending loans charge interest rates koran quran ...

$15 million foreclosure process on Aspen area home winds down

Renowned developer Gregory "Skippy" Gozzo built and once owned a home on the outskirts of Aspen that enjoyed a wealth of publicity when it was up for sale.

VH1 featured it on "Celebrity Real Estate Splurges" and other real-estate media gushed over the fact that the 13,477-square-foot, eight-bedroom home sat on a 5-acre lot in the middle of an elk migration corridor.

In July 2013, the palatial estate, once listed for $58 million, was put up for auction. But no suitors placed the minimum bid of $17.5 million, according to an Aspen Times article.

"We had a lot of good years in that house," Gozzo said last week from Florida, where he lives and runs his development firm.

Gozzo no longer lives in or owns the house, which he built in 2000 and turned over to a Houston-based concern called Neugebauer 1998 Children's Trust on June 1, 2016. The transaction was part of a deed in lieu of foreclosure, because Gozzo defaulted on a $15 million loan he took from the trust May 28, 2014, according to the Pitkin County Treasurer's Office. After interest, the debt stood at $18.1 million, records show.

Credit Agencies To Ease Up On Medical Debt Reporting

Millions of Americans have medical debt that's hurting their credit. The Consumer Financial Protection Bureau estimated it's as many as 43 million people, according to data released in late 2014.

Now, some relief may be on the way.

Changes in the way credit agencies report and evaluate medical debt are in the works. They should reduce some of the painful financial consequences of having a health care problem.

Starting Sept. 15, the three major credit reporting agencies — Experian, Equifax and TransUnion — will set a 180-day waiting period before including medical debt on a consumer's credit report. The six-month period is intended to ensure there's enough time to resolve disputes with insurers and delays in payment.

In addition, the credit bureaus will remove medical debt from consumers' credit reports once it's paid by an insurer. Some credit scoring models don't penalize paid medical debt from any source.

The changes grew out of two efforts by states to aid consumers: a 2015 settlement negotiated by New York State Attorney General Eric Schneiderman and the three major credit reporting agencies, and an agreement shortly afterward between the agencies and 31 other state attorneys general. The changes will be instituted nationwide.

Why is everyone upset about the Chairman of Countrywide not being allowed to go to Aspen to wine & dine ?

So what if.....he and other mortgage hi rollers are ready to rock and take it deep . .and after a large percentage of the loans they made go into foreclosoure! Is it his problem.....

Americans are upset... of course they are! Many homeowners were given loans that they could not afford, which made individuals and companies such as these a lot of money.