Types Of Bankruptcy

Debt Load Makes Americans Vulnerable  The Associated Press asked some experts to discuss what could burst the debt bubble in three areas that appear most vulnerable, and to offer a rebuttal from the perspective of


IMF Research Bulletin  HousingPricesandMacroeconomics Edison and Bayoumi and Edison report that household consumption in industrial countries is directly related to housing wealth.read more...


Mortgage rates jump to 16 week high (Bankrate.com via Yahoo! Finance)   The benchmark 30-year fixed mortgage rate shot up to 6.42 percent in Bankrate's weekly survey.read more...


Builder tailors plans to family's needs  Hardwood floors, work island and stainless-steel app- liances are shown in the kitchen of Silverthorne Homes' Keystone model at The Essex in Noblesville.Commentread more...


Interest Rate Roundup  Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...


Know the Advantages of Refinancing Your Mortgage (Kewanee Star Courier)  (ARA) - As the old saying goes "a man's home is his castle." The benefits of owning a home are many, including financial security. While a home mortgage is good

October 5th, 2007

How to Handle a Negative-Amortization Mortgage (Washington Post)

Q: DEAR BOB: I have a negative-amortization mortgage on a new house in Naples, Fla., that is worth $140,000 less than when I bought it in January 2006. Should I stop making mortgage payments and allow a foreclosure to occur? I think that is my only choice.—Susie T.

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