Should we be allowed to walk away from foreclosures? On savingsadvice financial forums a poster called “foolfromAZ” asked the question if he should allow his home to be foreclosed upon. I’ll post the details and discuss what his options are and if they are viable and perhaps we can all weigh in.
FFA bought at the [...]
Walking away from foreclosures
October 1st, 2008 · 36 Comments · Debt, Economy, Mortgage
Tags: Debt·Economy·Foreclosure
Guest Post: Would you Purchase a Foreclosure?
August 22nd, 2008 · 6 Comments · Guest Post, Real Estate
Since I’m running off for the weekend this is starting off a round of guest posts and preplanned posts. To start this is a post by a new blog I’ve found call The Passive Dad. It’s written by Scott and details life in CA. I enjoyed reading his blog so go check it out. Onto [...]
Tags: Foreclosure·Guest Post·Housing
Free House in Foreclosure
July 27th, 2008 · 11 Comments · Debt, Economy, Financial Mistakes, Mortgage, Real Estate
Apparently a family in Georgia got a free house in 2005 from Extreme Makeover, and now they are going into foreclosure here. So what happened?
Well 2 years after Extreme Makeover rebuilt the new home for the Harpers and paid off their exisiting mortgage, the Harpers took out a $450k mortgage only 15 months ago! And somehow in 15 months are [...]
