Free Rent for a Year If You Stop Paying Your Mortgage

Here’s an interesting tidbit from Diana Olick over at RealtyCheck. Former Credit Suisse analyst Ivy Zelman, the one that came up with the infamous mortgage rate reset chart, said on average it takes 417 days for a lender to send a foreclosure notice after a borrower stops making mortgage payments. Yep, 417 days. More than [...]

Tags: Mortgage, Paying Mortgage
Posted April 20, 2010 by Oliver Blake under Financial News

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Stop paying mortgage, should you?

Should I stop paying mortgage or should I keep making payments when my house value is way below of what I owe on the mortgage? Sure I can afford those pesky monthly payments but why should I? It is a question that has many homeowners breaking their heads and struggling with their consciences. If you [...]

Tags: Paying Mortgage, Should, Stop Paying, Stop Paying Mortgage
Posted December 20, 2009 by Admin under Financial News

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