Fri 31 Oct 2008
I have a friend who has fallen on hard times, and he owns home that is (was) worth well over $1M. Like most Americans, he has the home pretty well leveraged, in fact owing much more on it that it is worth today. As you can suspect, his moral is low right now and he does not know what to do. He doesn’t want to lose his house, but he also knows his ability to make the payments on the home is coming to an end. Read the rest of this entry
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