Bankruptcy may seem like a quick and relatively easy fix to a big problem, but it isn’t. First, it can haunt your financial life for a decade or more, keeping you from owning a home, buying a new car, or even living the life you really want.

Maybe you’re debt is beginning to weight you down. It’s not to late t change some bad habits and reverse your financial woes. How can you avoid bankruptcy? Here’s a good place to start:

Get Control of Your Spending:
Less than 43% of Americans today have more than ,000 saved for a rainy day. Living paycheck to paycheck is a dangerous, considering that emergencies happen every day. Cars break down; people get hurt and miss work; unexpected pregnancies force women out of the workforce, and more. If you’ Full story…

Negative amortization mortgages are basically a kind of adjustable rate mortgage. This means that rate of interest and your loan repayment can change every month. The negative amortization loans usually have low monthly payments and are more flexible.

As you have already understood, negative amortization loan has a few benefits. Several home owners opt for this because the monthly payments are lower than other types of loans and this makes additional interest payment possible. Moreover you will get the flexibility of deciding on lower or higher payments according you what you can afford. Moreover people qualify for negative amortization loans more easily than other kinds of loans.

However, the downside of negative amortization loan is if you pay the minimum payment due every month you stand the chance of losing equity in your property.

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Nobel Peace laureate, Mohamed ElBaradei took a stand in Tahrir, or Liberation Square on Sunday calling for the ruling Mubarak regime to resign.

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Fragments of the opposition group including the Muslim Brotherhood have grouped behind ElBaradei chanting the unified slogan “leave”.

“You are the owners of this revolution. You are the future,” the Associated Press quoted ElBaradei addressing the crowd after nightfall. “Our essential demand is the departure of the regime and the beginning of a new Egypt in which every Egyptian lives in virtue, freedom and dignity.”

The former Director General of the International Atomic Energy Agency, ElBaradei has steered the association that organized the protests to pressurize the regime to quit. Full story…

Mortgage delinquencies in the Birmingham metro area dropped in November compared to levels from the prior year. Researcher CoreLogic said today that 6.6 percent of the mortgage loans in the Birmingham-Hoover metro area were at least 90 days delinquent in November, down from 7.3 percent in the same month in 2009. In October, the area’s mortgage delinquency rate was 6.58 percent, CoreLogic said. The figure peaked in January 2010 at 7.57 percent. CoreLogic also said: >>>In November, 0.78 percent of homes with a mortgage in the Birmingham area were in REO (real estate owned) status, meaning they were returned to possession of the lender after failing to sell at an auction. A year ago, 0.79 percent of area homes were in REO status. >>>The rate of foreclosures among outstanding area mortgage loans was 1.82 percent in November 2010, up from 1.49 percent in the prior year. Full story…

The American Eagle Foundation announced today that the bald eaglet broke out of its shell Dec. 29 in an incubator at the foundation’s headquarters in Pigeon Forge.

The bird will be fed by human-operated eagle puppets, and eventually released in the Great Smoky Mountains sometime in mid-March when it is 13 weeks old. The group has a nice artificial nesting tower picked out on the shores of Douglas Lake.

The other egg was removed at the same time but has since been determined to be infertile, the group said.

Officials from Sarasota County and a state wildlife agency took the highly unusual step Dec.

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