Posts Tagged ‘losing’

Why is the banking industry stable but the average American losing his house?

In: banking

5 May 2010

Foreclosures are still on the rise but the banking industry has shown stability (according to the news). Shouldn’t the banks be forced to work with the current home mortgage payees instead of creating another empty home and homeless family?
Foreclosures are 11% in Las Vegas and they are mostly average Americans.
I do not agree that banks [...]

Getting a divorce, losing the house (underwater mortgage anyway) . . . continue to pay CC’s, or stiff THEM, also?

In: Mortgage

17 Apr 2010

Same old story … we bought at the top of the market, and it crashed … we refinanced our ARM this spring into a 30-year at 5.75 but we owe $230K … comparables in the neighborhood are going for about $170K (and that’s after being on the market for a YEAR!).
We’re underwater in our mortgage, [...]

With the high cost of insurance and the low home values is it worth losing your home to carry medical insuranc?

In: Insurance

6 Feb 2010

Which would you chose; to go in debt to pay for insurance in case something happens so you do not lose your home? Or not pay for insurance and hope to god nothing happens bad enough to make you lose your home anyway by not having insurance?
If you had to pay [...]


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