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SAN DIEGO, June 21 /PRNewswire/ — An American Dream comes to life as three former employees of Alba Action join together to form DAVL Enterprises and purchase the company they used to work for. The new management of AlbaAction.com now can give a greater insight into their customers’ needs and wants from firsthand experience.

Phil Leonard, President of DAVL Enterprises, said, “Our goal when we purchased the company was to offer our customers more product options in an easier to use shopping environment.

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The storyline in recent months has been that we are in better financial shape than we were this time last year. While that may be true by some measures, CardHub.com released the Q1 2010 Credit Card Debt Study this week, which revealed that consumers are on track to end up with more debt at the end of 2010 than 2009, despite positive signals in the economy.

The CardHub.com study focused on consumer debt data from the Federal Reserve’s G19 report in conjunction with quarterly charge off data to determine how much of the decline in consumer credit card debt is actually due to consumers paying down their debt versus bad debt being written off. T

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Most HAMP modifications will end in a re-default or foreclosure
Most Americans have managed to escape foreclosure and lower their monthly payments by modifying their mortgage loans, providing relief to many families. But most homeowners that received a mortgage modification loan are likely to re-default on their payments within a year, according to a recent report.

A recent Fitch Ratings study reveals that between 65 percent and 75 percent of homes modified through the federal Home Affordable Modification Program, but not backed by a federal agency, are likely to default on their mortgage loans within one year, CNN Money reports. Full Article…

This is a subtle one that the average homeowner is not aware of. People worry about chimney fires but they do not know of another safety risk that is present at almost half of the homes that I inspect.

Gas water heaters, furnaces and many gas fireplaces, are vented outside through B-vents. The B-vent often passes through the attic and then out the roof above. There should be one-inch of clearance from the B-vent to any combustibles and that includes the insulation in the attic. In this photo, the installer did not think there was a problem because the B-vent went through the uninsulated portion of the attic above the garage. The problem is that the insulation over the house has spilled out over onto the B-vent.

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WASHINGTON, June 17 /PRNewswire-USNewswire/ — The following was released today by the U.S. Department of Justice:

Good morning, and thank you all for being here.

Last November, President Obama created the Financial Fraud Enforcement Task Force year to wage an aggressive, coordinated fight against financial crimes. One of the prime focuses we identified at the outset was combating mortgage fraud, and I am joined by several key partners in that fight today: IRS’s Criminal Investigation Deputy Director Sallie Cooper, Special Agent in Charge of the U.S.

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