Posted in buy and bail, credit score, debt relief, foreclosure, tagged buy and bail, credit score, debt relief, foreclosure on November 3, 2008 | Leave a Comment »
Example: Buy and Bail
A homeowner purchased a house for $600,000 a few years ago. The value of the homes in her neighborhood have steadily declined for the past two years and the market value of her house is somewhere around $450,000 today.
Because of the declining values in the neighborhood, there are several houses [...]
Posted in FICO, adjustable rate mortgage, credit score, debt relief, fixed rate mortgage, tagged adjustable rate mortgage, credit score, debt relief, FICO, fixed rate mortgage on November 2, 2008 | Leave a Comment »
The people who took the conservative approach and bought a house they could afford are feeling like something isn’t quite right.
I had a conversation with one of my clients the other day that went something like this:
“So let me get this straight…I pay my mortgage every month, I bought my house with a [...]
