As the family gathered for Christmas, I finally had The Talk with my Favorite Nephew who was home from college.This talk was about being smart and taking steps to protect himself. We sat down with his laptop and I started by asking if he’d ever checked his credit report.First, I sent him to the FTC (Federal Trade Commission) website and showed him how to get his free … [Read more...] about Home for the holidays, time to have The Talk: get the new year off to a good start
When handling someone else’s money, it is important to know how to manage the money and property properly. Previously I’ve written about some very helpful guidelines published by the Consumer Finance Protection Bureau (CFPB) for an agent under a power of attorney, conservator (guardian) appointed by the court, trustee, or a government fiduciary.The CFPB has just released new … [Read more...] about New CFPB Guidebooks to Handling Someone Else’s Money
Hearing that you’ve inherited real estate is the good news. Then there can be uncertainty about what an existing mortgage might mean. Many fear they have to get a new mortgage on their name, that they won’t be able to, and that they will lose the property if the lender calls the loan.The Consumer Financial Protection Bureau (CFPB) recently issued a rule that should ease … [Read more...] about You’ve Inherited Property with a Mortgage, Now What?