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Do you foreclose or do you pay?

0 Comments | This entry was posted on Sep 22 2011

I am getting calls more and more from people wondering if they should allow their property to go into foreclosure. This is a very personal question that a lot of homeowners are asking themselves now. There is not a one size fit all answer to this question. The reason most people are asking this question is two fold: (1) The family is struggling every month to cover the monthly mortgage payment and/or (2) The property is worth far less than what is owed on the mortgage. So the questions begin, should I or shouldn’t I? For most of us our home is not a financial investment first but an emotional investment and this is what makes the question that much tougher. Read more