Back in February of 2008, I wrote a post titled Do You Think It Is OK To Walk Away From A Mortgage You Cannot Afford? that got a lot of attention and comments. In it, I said “I gotta say that I think it is kind of crappy ““ I mean, people should take some […]
Think just the people who bought homes are losing theirs in this crisis? Think again. Renters are now finding themselves homeless after investors are upside on loans they cannot pay back – meaning rentals are now being foreclosed on. Analysts say international speculators and private-equity firms took on mortgage payments larger than their income from […]
Thinking now may be a good time to start shopping for foreclosures? You may be right – but you also may want to be careful. While there are houses going for pennies on the dollar in some towns and cities (like the sub-$1,000 houses in Detroit seen on the news recently), you really need to […]
From an old torn-out page from Domino Magazine I found here in the house while packing things up, here is a list of the top ten most cost-effective renovations you can do to increase the value of your house. With foreclosures occurring at the rate of 1 every 13 seconds in this country, those looking […]
Well, at least that’s what a columnist in Time magazine thinks. (It is in the current paper issue, so it’s not available online yet.) I never really thought about it that way, but he is kinda right – owning a home does provide the homeowner with a kind of welfare in several different ways. From […]
