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Is it possible for someone to take over your payments and you avoid foreclosure? There are several problems that arise which make it difficult, unless the person taking over the payments is a family member who doesn’t mind doing the favor of making your payments. The mortgage contract was made between you and the lender and there isn’t a way for you to simply let someone take over payments and get you off the hook. However, before foreclosure if someone buys the home from you, there might be a way for the mortgage company to pay off your portion and create a new mortgage with the new party.

Foreclosure is worse then bankruptcy because you are actually losing something of value, your home. It usually takes 110-120 days or more for the foreclosure process to be completed. Most loan documents (Deed of Trust) have a power of sale clause authorizing the lender to conduct a foreclosure auction to sell the defaulted borrower’s property. If there is no cure of the default, a Notice of Foreclosure Sale (NFS) is recorded. You figure and report gain or loss from a foreclosure or repossession in the same way as gain or loss from a sale or exchange.

Property in foreclosure is often referred to as distressed property because the owner is in financial distress and has usually missed several mortgage payments. Distressed assets (such as foreclosed property or equipment) are considered by some to be worthwhile investments because the bank or mortgage company is not motivated to sell the property for more than is pledged against it. These properties are usually priced below market and you get to inspect the property and can usually finance the property through the bank that did the foreclosure.

Mortgage lenders typically lose money when they foreclose, since most foreclosed homes are worth less than the value of the mortgage. The mortgage holder can usually initiate foreclosure anytime after a default on the mortgage. Under strict foreclosure, when a mortgagor defaults, a court orders the mortgagor to pay the mortgage within a certain period of time. Virtually all mortgages today have acceleration clauses.

Bidding at a foreclosure sale can be VERY tricky. Obviously, no lender will be interested in doing a Short Sale as long as the borrower is just one or two installments behind on payments. Last, but certainly not least, is the fact that you must pay all cash at most foreclosure sales. If you have not left the property after the law date or sale of the property, the court will allow the bank to have a marshal move you out.

Foreclosure is worse because of the loss of value. Foreclosure is NOT a single event, but a legal process that takes time. When the foreclosure is completed, the derogatory record can stay in your credit reports for up to 10 years.

You should never judge a book by it’s cover.  The 12th greatest Cavalier of all-time is Earl Boykins, the 2nd shortest player in NBA history.  Standing at a towering 5 ft. 5″, Boykins is shorter than every other player in the Association, other than Mugsy Bouges.  Earl is a Cleveland native, born and raised.

Earl Boykins went to Cleveland’s Central Catholic High School, and made the varsity team his sophmore year.  Shoutouts to his high school coach, James Serluco who was one of my favorite teachers in High School.  Umm..Ya know, Boykins led the state of Ohio in scoring his senior season. 

Earl went on to play for Eastern Michigan University (what up Mt. Pleasant), and became an even better player.  His freshman season, his coach listed him at 5 ft. 7″, because he was “ashamed” to have such a small guard on his team.  Earl told his coach, “I will be the best player you ever coach.”  Boykins wasn’t kidding; He dominated the MAC conference with relative ease. 



At EMU, Boykins was a solid scorer.  His best season was his senior year, where he averaged 25.7 points per game, 5.5 assists, and 2.3 rebounds.  He was an honorable mention All-American, was the 2nd leading scorer in the country, and was selected to the 1st team All-Mid American Conference.  He started all 122 games in college, and expected to be drafted in the 1st round of the 1998 NBA Draft.  Surprisingly, no one took a chance on this incredible, vertically-challenged star.  He went undrafted. 

During the 1998-1999 season, the Cleveland Cavaliers signed Boykins to two 10-day contracts.  He was then signed for the remainder of the season.  He brought a level of excitement to the court, and was instantly a fan-favorite because of his ability to score the basketball.  Unfortunately, the Cavaliers waived him at the end of the 2000 season, for reasons we will never know.

After bouncing around with several other teams in a limited role during his first 5 years, inlcuding the Orlando Magic, LA Clippers, and Orlando, and Golden State Warriors, Boykins finally got a guaranteed contract from the Denver Nuggets.  His role was typically to come off the bench and inject energy in to the team’s offense, something he took great pride in and did very well.  His best years definitely came in Denver, where he saw a lot more playing time than he was used to.  He was one of the quickest guards in the league, and his fast shooting motion allowed him to get shots off against much taller defenders.



Earl Boykins’ career was improved in recent years when the NBA decided to allow some forms of zone defense.  He was always a legitimate threat to change the game, and often times defenses were perplexed with how he could manipulate their defensive strategy with his quick movement.  In 2004, he was the NBA’s leading scorer off the bench.  At one point in the season, he was averaging 10.5 points per game.  In 2007, he was traded to the Milwaukee Bucks, and then signed with the Charlotte Bobcats in 2008. 

I, like most Cavaliers fans, would have loved to see them go after Boykins and bring him back to Cleveland.  He deserved a chance to help the team that first gave him a shot in the league.  Even though he only played a small part and really didn’t even play a full season for the Cavaliers, he still makes the list.

Over his career, Earl has consistently proven the doubters wrong and made a name for himself in the Association.  He has shown that through hard work and dedication, you can overcome the obstacles and achieve your dream.  Having Serluco as a high school coach undoubtedly helped.  It’s a shame he and LeBron never got to share the court together, they would have been a dynamic duo.  Boykins always had an uncanny ability to get his shot off when it looked impossible.  According to various sources, even though Boykins only weighs around 133 lbs, he can bench press close to 315.  He was also known to throw in a nasty rejection on occasion, on someone he had no business blocking.  I’m not trying to trick ya, Earl Boykins is Underrated

http://lebronunderrated.blogspot.com

In a knowledge based global economy where your educational qualifications will invariably decide your social and economic status in life, it’s not surprising that such importance is attached to categorizing schools based on high school rankings. This is the reason why parents and students scan websites and pour through literature, searching for that dream educational institution that’s placed on the top rung of the ladder for high school rankings. In fact, better education is one of the reasons people choose to move every year, looking to build a better educational foundation for their kids. You might think that while looking for schools it’s best to base your selection on a predetermined listing for high school rankings. You might not always be right though. Here’s why.

Are High School Rankings the Only Factor?

Advocates of high school rankings argue that in a situation where the public education system in the country is in a sorry state of affairs at best, parents need tools to base their decisions on. High school rankings provide parents with that tool so they can make an informed decision. While this is true to a large extent, the fact is that these high school rankings don’t always take all factors into consideration while deciding a school’s place in the scheme of things.

For instance, schools might sometimes place lower on the high school rankings largely because of their location and student demographics. Unfortunately, schools with large minority student populations have a tougher time making it to the elite top positions in high school rankings. This is also true for schools that have large or majority African American populations. Education authorities will argue that the test scores in these schools are so dismal because the students aren’t motivated enough to succeed. Well, you wouldn’t be motivated either if you had parents who worked two jobs to support your family.

The uncomfortable truth is that in lower income communities, parents might not always have the time or resources to expend on monitoring their children’s education or motivating them. Managing to pay the bills and stay afloat takes enough energy. It doesn’t take a rocket scientist to figure that schools with larger levels of such student populations will rank lower. The quality of education or the level of effort put in by teachers (who work diligently to goad their students to rise beyond any perceived limitations) is beyond reproach. One of the major reasons why such schools constantly place low on high school rankings is because of the low motivation levels of students.

And what about the success stories of disadvantaged children from such low ranked schools who go on to enjoy successful careers? They alone are enough proof that high school rankings need not always be taken as an open and shut categorization.