About Prospect's Hunting Creek

 

 

 

 

Wow! This Mom may get the message across more effectively than thousands of articles, lobbyists, bloggers and TV talking heads.

In this sadly hilarious rap, she encapsulates the the root causes of the foreclosure crisis and the human tragedy of families losing their home.

Foreclosure, forebearances, bank paperwork and runarounds. This is a must see.

This rapping mom may finally get the decision makers's attention.

Classification: UNCLASSIFIED

Caveats: FOUO

Mr. Dickson,

I am writing you on behalf of Pat Killeen of VanDyk Mortgage Company.

I have had the distinct pleasure of knowing Pat since 2004. At the time I was

a license Real Estate Agent. Pat always provided superior support in ensuring

that the customer was satisfied, more so, he has a unique gift in "making

things happen".

He has worked tirelessly to assist clients and would interact with clients

even late in the evenings. He is a low pressure person and always puts the

needs of the client far above his own and will ensure that the client has a

full understanding before they make a commitment.

I distinctly recall Pat recommending against a particular product because of

the possibility of long term burdens that could occur to the client. His

assessment was accurate and it saved the clients thousands of dollars long

term.

Pat Killeen is a fine and upstanding broker who's integrity is above reproach.

I trust him with my mother's mortgage.

I believe it would be in the best interest of other veterans or personnel in

government organizations could benefit from Pat's knowledge, expertise and

professionalism.

Please be free to contact me if I can answer any questions for you.

Sincerely,

Frank

Frank Diaz

Antiterrorism Specialist

25 Infantry Division

CBRN/FP

Schofield Barracks, HI 96857

Direct: 808-655-4322

Office: 808-655-5220

mailto: frank.diaz@us.army.mil

SIPR: frank.diaz@us.army.smil.mil

Classification: UNCLASSIFIED

Caveats: FOUO

A Head Start on Your Taxes:
Getting organized is the key to filing an accurate tax return.
By Mary Beth Franklin, Kiplinger's Personal Finance

As you put away the holiday gifts, set aside an empty box to collect all the year-end tax documents that will soon begin arriving in your mailbox. Among the papers to look for:

Form W-2 from your employer, which shows your gross income, tax-deductible contributions to your retirement and flexible-spending accounts, and state and federal taxes withheld from your paycheck.

There's a flurry of 1099 forms from your bank, broker, pension and IRA administrators, and the Social Security Administration. These forms report taxable interest and dividends you received, plus any retirement income.

Form 1098 from your mortgage lender. It reports mortgage interest and real estate taxes you paid. If you paid college tuition or interest on a student loan, look for Form 1098-T or 1098-E.

Form 1099-G from your state if you collected unemployment during 2009. The first $2,400 of benefits received in 2009 is tax-free.

Form 1099-MISC. Independent contractors should receive one from each client who paid $600 or more in 2009. If you think you're missing a form, be sure to check your e-mail. And if you still haven't received a document by January 31, contact your financial institution or other provider.

You may already have some important documents that you'll need to prepare your taxes. For example, if you bought a new car between February 17 and December 31, 2009, check your sales receipt to see how much you paid in state and local sales tax on the vehicle; you may deduct that amount regardless of whether you itemize. And if you installed qualified energy-efficient home improvements during 2009, your sales receipt or installation contract will document your claim to a tax credit of 30% of the cost of materials, up to $1,500.

If you closed on a new home on or after November 7, 2009, you must attach a copy of your settlement sheet to your tax return to claim the home-buyer tax credit.

Reprinted with permission. All Contents © 2010 The Kiplinger Washington Editors.

Pat Killeen

Mortgage Advisor

Vandyk Mortgage
11408 Shelbyville Road

Louisville, KY 40243

(502) 708-1929 Office

(502) 805-0656 Fax

Email: pkilleen040@vandykmortgage.com

Web: http://www.4vandyk.com/branch40

Copyright 2010 by Pat Killeen, All Rights Reserved - "A Head Start on Your Taxes !!"

Topic: Marriage and Mortgages FAQs

Q: Could one spouse's bad credit negatively affect the other?

A: If a couple is applying for credit jointly, say for a loan or credit card, then yes. One person's lower score can negatively impact the interest rate the couple will be offered. This is because every borrower has three credit scores, and lenders use the lowest "middle" credit score of the two borrowers. We have seen many situations in the past in which one borrower was dropped from the application – but only if the lower score belongs to a non-working spouse. This can create a serious issue, however, if the income is needed in order to qualify.

Q: Can one spouse's low score negatively affect the couple's chances of securing a mortgage?

A: Yes, if one borrower has negative credit items, such as late payments or a foreclosure, the worst of the two will be taken into account when considering your mortgage application. With a foreclosure, this could mean having to wait up to four years to be eligible for a loan again.

Q: Does the lender use both people as a measure of creditworthiness, or is it possible to focus on the spouse with the better score?

A: In the past, this was possible, but now the lowest score of the two (or however many) people are on the application is used. For example, if two couples buy investment property or a second home, the lowest credit score of those four people will be used to determine the rate (which includes loan-level price adjustments or "risk-based" pricing). This could also include parents that are co-signing a loan for one of their children.

Q: How can credit be repaired or enhanced?

A: If you or your spouse have poor credit, credit repair services may be necessary in order to qualify for a mortgage in today's tough market. If you're thinking of buying or refinancing a home in the next 6-12 months, now is the time to get pre-approved. Give us a call. We'll do everything we can to make sure you're credit ready. And remember, credit is complex subject which we've simplified here in order to answer these important questions. If you have any additional questions, please don't hesitate to give us call. -

Pat Killeen

Mortgage Advisor

Vandyk Mortgage
11408 Shelbyville Road

Louisville, KY 40243

(502) 708-1929 Office

(502) 805-0656 Fax

Email: pkilleen040@vandykmortgage.com

Web: http://www.4vandyk.com/branch40

Copyright 2010 by Pat Killeen, All Rights Reserved - "Marriage & Mortgages FAQ"