Think About Stopping Your Mortgage Payments
I've written before about the government's unintended consequences.
Today we read:
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.
(HT:Tom Vanderwall)
Comments (3)
After posting last night, I was afraid that it might appear that I was promoting not paying your mortgage. This was not my intention at all. I think that the most upright approach is for the homeowner to be bound by the terms of the contract they agreed to.
Peter Maclennan, about 16 years ago
Why blame the journalists here? The ones to blame are the lawmakers who are pushing legislation with huge and obvious gaping holes.
Joshua Dorkin, about 16 years ago
Sure, let's add to the problem right!
Will Barnard, about 16 years ago