Think About Stopping Your Mortgage Payments
Tuesday, November 18
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)
Comments
Peter Maclennan
Maclennan Investment Group
Commercial Real Estate Broker
Walnut Creek, California
| Website: | http://www.maclennaninvestments.com |
| Phone: | 925-385-8798 |
My Status
Categories
- · Commercial Lending (2)
- · Commercial Real Estate (2)
- · Credit Crisis (2)
Archive
- · January '10 (1)
- · January '09 (1)
- · November '08 (4)
Recent Posts
- · Using Warren Buffett's Principles for Real Estate Investors
- · Becoming an Equity Investor
- · Medical Office a Bright Spot for Commercial Real Estate
- · Vacancy and Rental Rates Affect Commercial Value
- · Some Things are More Important Than Wealth
Recent Comments
- ·
"Buffett's shareholder letters are some of the best reads ..."
from Bryan Hancock, on Using Warren Buffett's Principles for Real Estate Investors - ·
"Nice, One Buffett quote I like best with Real Estate is &..."
from Michael Zuber, on Using Warren Buffett's Principles for Real Estate Investors - ·
"Thanks for Becomeing an Equity Investor article. So where..."
from Ralph Camareno, on Becoming an Equity Investor - ·
"Hi
I am Tara Powell, a real-estate agent in Ga looki..."
from Tara Powell, on Medical Office a Bright Spot for Commercial Real Estate - ·
"After posting last night, I was afraid that it might appe..."
from Peter Maclennan, on Think About Stopping Your Mortgage Payments
Blog Roll
About BiggerPockets |
Press |
Advertising |
Stats |
Contact Us |
Help
| Upgrade to PRO
Terms of Use |
Privacy Policy
BiggerPockets ® is a registered trademark of BiggerPockets, Inc.
Copyright © 2004-2012 BiggerPockets Inc. All Rights Reserved.
Follow us:
Will Barnard Reply
about 3 years ago
Sure, let's add to the problem right!
Joshua Dorkin Reply
about 3 years ago
Why blame the journalists here? The ones to blame are the lawmakers who are pushing legislation with huge and obvious gaping holes.
Peter Maclennan Reply
about 3 years ago
After posting last night, I was afraid that it might appear that I was promoting not paying your mortgage. This was not my intention at all. I think that the most upright approach is for the homeowner to be bound by the terms of the contract they agreed to.