Missouri Family avoids Foreclosure Keeps Cave

Curt and Deborah Sleeper had plans to auction their 15,000-square-foot home which is built inside a former limestone and sandstone cave.

Then along came John Demarest,

the founder and owner of Logical Source, Inc., a document managing company based in Fairfield, N.J., has offered the family a private mortgage contract consisting of a 15-year loan with a low interest rate.

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The news only gets better, the Sleepers are now planning to throw a cave party. Not in their cave, but in the cave of a friend.

Tom Kerr's cave has 5 million square feet and includes a 60-acre lake.

Mama mia. I bet you would like to see that cave--well you can. Tickets to the party are now on sale--15 bucks in advance online--or 20 bucks at the door. They plan to donate the proceeds to other families facing foreclosure. Good news all around.

UPDATE: Missouri Family Will Keep Cave
Cave Dwelling Family Can’t Refinance; Selling Home on eBay

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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Mortgage Modification Plan--Making Homes Affordable

The Treasury Department released the guidelines of its mortgage modification today. The program will help up to 9 million homeowners avoid foreclosure. The guidelines will enable mortgage servicers to begin modifying mortgages right away. Please note: the Treasury program also includes incentives for removing second liens on loans.

You can follow this link,
Making Home Affordable , and find the links to self assessment questionnaires and contact information.

Or hit these links:

• Do I qualify for a Making Home Affordable refinance?
• Do I qualify for a Home Affordable Modification?

Here is the link to the main website Financial Stability.gov. The links below lead to the detailed information (PDF format):

• Summary of Guidelines
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• Counselor Q&A
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Ok, you are good to go. Good luck. If you found this information helpful let us know.

Bob DeMarco is a citizen journalist, blogger, and Caregiver. In addition to being an experienced writer he taught at the University of Georgia , was an Associate Director and Limited Partner at Bear Stearns, was CEO of IP Group, and is a mentor. Bob currently resides in Delray Beach, FL where he cares for his mother, Dorothy, who suffers from Alzheimer's disease. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. His content has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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S and P 500 no longer Oversold

The S and P 500 is no longer oversold. The market should start finding support today under 685. The market does look a bit tired, so a one or two day rally would not be a surprise. By the same token, a market capitulation late this week and on Monday would not come as a surprise.

Coming up tonight. How to prepare and score big during a market capitulation

clipped from charts.barchart.com

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Buffett admits sucking his thumb

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