In addition, claimants in Northern Ireland may be entitled to a Home Loss and or a Farm Loss Payment from the Department for Regional Development.

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In our society many of us are comfortable paying for property insurance (car, home, etc) and writing off the sure loss as payment for financial security in case of an accident.

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That is, if you expect to be reimbursed for all or part of your loss but have not yet received payment, you must also subtract the expected reimbursement when figuring the loss.

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But the government covers half of the bank's loss associated with lowering the payment from 38% to 31%.

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Your loss is reduced by any insurance payment you receive, so you can only claim amounts not reimbursed.

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And in the past year, AutoBond Acceptance, a car lender, saw profits drop and GreenTree Financial, which lends on mobile homes, reported a loss after default and pre-payment rates were higher than expected.

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Between child care, two luxury cars, lavish family vacations and a heavy mortgage payment. they were a job loss away from complete disaster.

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This applies if you paid off a lien placed against your property by material suppliers because of debts owed by a builder or contractor, and you made the payment so as to avoid foreclosure and loss of your property.

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Can you come up with a down payment and closing costs without having to take a major loss on your stock portfolio, or worse, raiding your 401(k)?

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