Every night on the news they talk about how many homes around the country have gone into foreclosure. I don't know why but I hadn't thought about this before just now. I have a buddy who lives in Maine who filed for bankruptcy about 10 years ago. He came out of it with his house and one vehicle as well as most of his personal belongings. Have the laws changed to where you don't keep your house even if you can afford to make a lesser but still signifiant payment. I just wonder what's going on. I watch the news and a lot of these people still have jobs, they're still working, it's just that they had subprime mortages that went through the roof. What am I missing in this equation ? They say all these defaults are going to cost the rest of us money on the long run.
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Topic: Home Repo's (Read 675 times)