Letting go when you're upside down on the house Wow, isn't this a hot topic lately? With home values dropping like a rock over the past few years, many homeowners are finding themselves upside down on their homes. As a result, increasing numbers of homeowners are finding the prospect of paying more …
foreclosure
Should you Walk Away from your Mortgage?
This 60 minutes video highlights an alarming trend of people walking away from their mortgages, even though they can still afford to make the payments. Their logic is that the house has lost value and they are upside down on it so they need to just let it go. How messed up is that? I don't care what …