Potential. Your lender can potentially begin foreclosure proceedings as soon as you miss a payment. Realistically, however, it usually takes missing several payments before foreclosure proceedings begin.
OPM is conducting market research to find companies that can perform automated social media tracking and other types of Web crawling as part of the background investigation process, according to an April 8 request for information posted online. Responses from interested companies are due by April 15.
Personal finance reporter Erica Sandberg, who covered the issue of social media datamining in a story for CreditCards.com, said that if a data mining company turns your chatter and network into a behavioral pattern, and if they can prove it has some worth, then it's valuable to companies.redit card companies will have to come up with targeting models, and data companies can help them figure out those models, according to Shahani. Issuers will have to come up with smarter ways to target the right audience because it is so much more expensive to extend credit, he said.