When you owe more money on your home than it is worth, when your earnings are reduced, and when consistently making your home payments becomes an impossibility for the foreseeable future, you need to start saving for the eventuality of foreclosure. While we don’t think anyone should avoid their responsibilities, a foreclosure is all but [...]
Entries Tagged as 'homes'
Contemplating Foreclosure? Keep Your Creditors in the Dark
January 21st, 2010 · No Comments · Mortgages
Tags: eviction·foreclosure·homes·housing·lender·Making Homes Affordable Program·mortgage payment·Mortgages·restructure
Feel Like Sticking It to Your Mortgage Lender by Walking Away?
December 3rd, 2009 · 7 Comments · Mortgages
Feel like sticking it to your mortgage lender by walking away? I have heard more than a few friends go into rants about how much they hate their banks and how the banks are all evil and “out to get you”. I’m sure you’ve been witness to this kind of anger. These people want to [...]
Tags: banks·financial problems·homes·lenders·morality·Mortgage·turn and burn·underwater·underwater mortgages·Wall Street
Real Rich People Don’t Act Rich
October 6th, 2009 · 7 Comments · Budgeting
You’ve heard it before: Rich people are cheap. It’s either that’s how they got to be rich or how they stay rich. But do they really make big compromises or live like misers? Let’s look at the facts, according to Thomas J. Stanley, who just released his book “Stop Acting Rich: And Start Living like [...]
Tags: cheap·haircuts·homes·Keeping up with the Joneses·Living Frugally·millionaires·modest·real millionaires·suits·Toyota·wine
