Wow, too little too late is what seems to be the real story here. The numbers are heartbreaking! Homeowners that are trying desperately to stay afloat in this devastating economy. Listen to the story told by one “applicant”…$4000 a month mortgage payments, failing business due to the slump in our economy and over 4 months behind on her mortgage. She does say that if it does not work out she will “start over”…”rebuild” …
My perspective on trying to hold on…
Hold on to your sanity, let go of the $4000 mortgage payment now and move on much faster! Be realistic, if your business is failing a small amount of money to catch you up is a bandage…a small fix on a huge gaping wound that is going to get worse because the economy is getting worse and home prices are still falling. Consider a Short Sale and lease an affordable home for a few years while you build your business and then buy a home that is affordable with a payment that is realistic.
My thoughts…
