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On NBC this morning they had a segment on property taxes. Later in the morning someone emailed me with a question that actually was on the same subject. This is the time you need to consider the objection to your assessment. It is the most certain way to lower your home payment. I have done this myself and it works.

Currently I am seeing two factors at work in the modification process:

1. Trial modifications that are now being denied permanent status by the lender.

2. Great uncertainty as to what the current rules are.

My feeling is we are building toward a crisis of some kind.

The credit industry has lately sent out misinformation about what effect bankruptcy has on student loans and employment. Title 11 section 525 prohibits lenders from considering prior bankruptcy filings in regard to loans which are part of the goverment student loan program, and it also prohibits private employers from considering bankruptcy in regard to employment. Nevertheless the NBC Today show experts warned about the effect of bankruptcy in both regards without mentioning the legal prohibition against such discrimination.