Money and Personal Finance

Foreclosure Consequences



    As a real estate investor in Central Florida, I’ve come across many homeowners who are facing foreclosure for the very first time and they all seem to make the same mistakes When you have fallen on hard times due to a job loss or a mortgage reset, it is easy to feel depressed, helpless, and think “I’ll just let them take the house”

    Oh, we hate the taste of cough syrup churning down our throats The distaste of some things just really gets us

    For several years low interest rates and low down-payment percentages enabled home buyers to get into increasingly larger and more expensive homes Then as home prices rose, home sellers took advantage of the “equity” in their existing homes to move up to even bigger, more expensive homes

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