Peter Pays Paul

Inside commercial hard money lending.

18 Nov

You Might Want To Think About Stopping Your Mortgage Payments and Reducing Your Income

Category: Credit Crisis, Distressed Property, Real Estate Investing

I’ve written before about the government’s unintended consequences.

Today we read:

As we mentioned yesterday, a bit of a fight has broken out over whether it is irresponsible for journalists and others to advise homeowners about the options that the government’s bailout programs are opening up to them. But the fact is for a lot of homeowners it makes perfect sense to stop payments on mortgages…and it may even pay to stop any overtime work or have one of the earners in your household quit.

You Might Want To Think About Stopping Your Mortgage Payments and Reducing Your Income.

(HT:Tom Vanderwall)

Tags: Consequences, Credit Crisis, Government


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Posted Tuesday, November 18th, 2008 at 6:02 pm
Filed Under Category: Credit Crisis, Distressed Property, Real Estate Investing
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