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You Might Want To Think About Stopping Your Mortgage Payments and Reducing Your Income
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.
To me, this illustrates the theory of unintended consequences. Out of a desire to help those who are in financial trouble and stop some of the mess that we’re experiencing, we now have a situation where the government has put in place an encouragement for people to defraud the system.
That’s not what they meant to do (at least I hope not) but that’s what has happened……
Post from: Straight Talk About Mortgages and Real Estate
You Might Want To Think About Stopping Your Mortgage Payments and Reducing Your Income
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