One of the common phrases I have heard over the last couple of years is "how come Main Street doesn't get a bailout?" And I have usually just shrugged and said that no one had called me to ask my opinion but as soon as I heard of it happening, I would be sure to keep everyone posted. I just now caught the first whiff that the federal government *may* be taking action to "bail out Main … [Read more...]
Tough Choices: What To Do When You Owe Far More Than Your Home Is Worth
If you bought a house between 2004 and 2006, chances are you have talked with someone about how far under water you are in your house. If you haven't lost your job or suffered a decrease in personal income, it isn't really that big of a deal, you just keep making your house payment and think to yourself "it will come back, I just have to wait out the dip in value." Will it? I don't know, and … [Read more...]