Thursday, February 25, 2010

Two Views Of Mortgage Trouble Resolution



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One appears to demand that the government make the banks do "Mortgage Loan Modifications".
The other seems to tell people to avoid doing "Mortgage Loan Modifications" and make use of some other market based alternative. (Likely bankruptcy).

In any event I suggest that everyone who finds themselves in this predicament do their own research and not depend upon either of these sources. Both of them are making use of this situation to advance their own particular interests.

In either case it is not a good idea to do what this guy did:
BULLDOZE HIS HOUSE PRIOR TO IT GOING INTO BACK TO THE BANK SO THEY ONLY HAVE A PILE OF RUBBLE. Brother man will likely go to jail over this one. He won't have to worry about room and board for several years.



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Notice the words on the yard sign.

Man Bulldozes $350K House In Moscow, OH

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