Personal Finance

Government refi program ditches limits on underwater homes

President Obama is revamping his biggest refinancing program in another effort to reach more homeowners locked in high-cost home loans.

The Home Affordable Refinance Program (HARP), part of the president's foreclosure prevention effort, was supposed to get 5 million borrowers into cheaper and safer mortgages.

But so far, fewer than 900,000 properties have been refinanced through the program, mostly because homeowners weren't allowed to borrow more than 125% of the value of their homes. Read more at Interest.com.

Didn't water used to be free?

If you're over 40, you probably remember a time when you never bought water in a bottle or carried it around in a special container. Yet no one was fainting for lack of hydration on the sidewalk. It must have been because drinking fountains were everywhere.

Department stores had them on each floor. Small towns offered them in the downtown area, in the library, and by the tennis courts, and cities went all out with ornate fountains right under the grand old light fixtures.

Since the '80s, however, drinking fountains seemed to be going the way of teeter-totters and smallpox vaccinations. Read more at RedPlum.com.

Why you can't afford cheap paint

It's time to paint the house -- or just the den. Any thrifty homeowner worth her coupon clippers at least considers wielding the brush herself. Most of the cost of having a room painted is for labor. Painting a room yourself doesn't cost much at all, and you might even be done by suppertime if you hurry. But trying to save even more by skimping on the paint you buy isn't the way to go. Pay attention to these tips, and you can save even more:

Read more at RedPlum.com.

Can debt judgments follow me overseas?

Dear To Her Credit,
I have some credit card debts, a foreclosure, a car loan and a judgment for the unpaid maintenance of my last property. All this was filed after I left the country due to the lack of job. Currently I am living in China, studying, and I don't have a steady source of income.

Could the actual judgment follow me to Europe? Could they freeze my account here? Could I get into any trouble because of the debts or judgment? Thank you. -- Carolina

Read more at CreditCards.com.

Can my dad's creditors take my inheritance?

My father passed away in March 2010. I did not know what loans he had taken from the bank. When I moved to my aunt's home, all of a sudden the bank recovery people found me and started claiming money from me in September 2011. Also, they claimed to not know my dad had passed away. At the bank recovery agent's request, I had submitted his death certificate to the bank. Now they are asking why I did not inform the bank. I said I was not aware of this credit card of his (Dad did not even tell me about it).

Am I in any way liable for my Dad's debt? Read more at CreditCards.com.

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