According to this New York Times article: (Click here to read), the following is taking place: More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Times by the real estate analytics firm CoreLogic. The article goes on to say… Continue reading By Percentage, The Rich Are Now The Number 1 Mortgage Defaulters
Category: Mortgages
Warren Buffett Was A Renter
I’ve started to read “The Snowball“, which is a biography of Warren Buffett. So far, it’s a facinating book, that has changed my perspective on my “Financial Hero #2 Warren Buffett” post. Although I’m only 1/4 of the way through the book, I wanted to mention something that I wouldn’t have guess about Warren Buffett. He… Continue reading Warren Buffett Was A Renter
Loss of Honor, Walking Away From Your Mortgage
I’ve had this title “Loss of Honor, Walking Away From Your Mortgage” stored in draft mode for over a month. I hesitated in writing it because I was torn between how the government was treating us (practically giving money way to first time home buyers) and that fact that to walk away from your mortgage… Continue reading Loss of Honor, Walking Away From Your Mortgage
I Am Debt Free, My Mortgage Countdown #1 – Equilibrium
I’m Debt Free! I don’t have credit card, car, mortgage or any other type of debt! On the Wells Fargo website I selected the send “Payoff form” option for my last mortgage payment. I filled it out and printed it so that I can have Wells Fargo to pay our real estate taxes from… Continue reading I Am Debt Free, My Mortgage Countdown #1 – Equilibrium