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Jordan Said:

US BANK collections seized all my unemployment from bank account!?

We Answered:

First thing I'd do is close that bank account and open another at a different bank. Then make sure you never give them electronic access to the new account.

I'd send a letter to them certified mail demanding that they provide written proof that they had the authority to do that.

I'd also go down to the bank and speak with the bank manager about it. Can you dispute this with the bank?

If your bank account is not with USbank - maybe your local bank manager or loan officer can give you a quick, free lesson on what mortgage companies can and can't do. After all, the bank makes mortgage loans too. At any rate - you may get someone who can give you a little bit of information on the process. This may help you decide what your next step is.

You can also call clerk of court or go to your court house records room and find out if any legal proceedings were filed against you. Foreclosure is a legal process and paperwork has to be filed. If they had the right to garnish you that would require paperwork through the courts.

Finance companies are regulated by the Federal Trade Commission. Put in a call to them and see they can provide you any information or guidance. If they can't, they may be able to tell you where to go.

You may want to consider filing a complaint against your mortgage lender with the FTC as well.

I also found a web site for a consumer advocacy group. It looks like it can refer to you to an attorney who may be able to assist. Perhaps these folks can give you some information. http://www.naca.net/

Here's another web page with some info: http://www.mortgagenewsdaily.com/wiki/Le…

Pull your loan documents - there should be something in there saying what the lender can do. Do your loan docs give them the right to raid your bank account?

I know money is tight...but if all else fails, it may be worth it to take all your mortgage documents to an attorney and have a consultation.

And....since you are now on beans and rice....rice and beans... you can always put in a call to Dave Ramsey's show and see if you can speak with him about this.

Good Luck.

Jennifer Said:

mortgage loan modification?

We Answered:

Contact your lender directly regarding a modification.

There is no "national debt relief program". That is a scam. If you want to work on paying off your debt, you have to cut back on your expenses or increase your income, budget, budget, budget, and throw every spare dime you have towards the debt until it is paid off.

Peggy Said:

Need help finding job?

We Answered:

Call a temp agency

Caroline Said:

Mortgage payments question, advice?

We Answered:

The way you describe your situation indicates that you are in a position to take some added risk in hopes of improving your return. On the other hand, the fact that you haven't actually done so, but instead have been aggressively paying down your mortgage, suggests that you personally would rather bet on a sure thing. Other than that, it comes down to the same old risk-return equation - stocks historically have offered the best returns over long periods of time but are accompanied by the risk of extremely painful losses along the way.

So it's up to you. Based on historical returns a 32 year old investor like you should be putting substantial amounts of money into the stock market. Unfortunately "historical returns" don't tell you what is going to happen in the next decade or two. You pay your money and take your choice.

One last thought. Although you probably shouldn't be making investing decisions based on the plunge in global stock markets in 2008, the simple fact is that stocks are cheaper today than they were a year ago. I suspect that means long term stock market returns will look a lot better in the next decade than they have for the past decade.

Good luck. Whatever your decision, I hope it works well for you.