Types Of Bankruptcy

Insurers' Cuts Likely to Be Small  The insurance tally out of Tallahassee on Thursday - the state-imposed deadline for property insurers to file for rate cuts under a new state formula - was sobering. read more...


Mother Of Locked-Up Boy Charged With Abuse  read more...


Hardware giant backs out of Pahrump Valley  So what's the lowdown on Lowe's? Rumor has it the home improvement giant pulled the plug on Pahrump at a corporate board of directors meeting last week.read more...


Luminent explores options amid mortgage turmoil (bizjournals.com via Yahoo! Finance)   Turmoil in the mortgage markets snared another victim Monday.read more...


Real Estate People  read more...


Cost of Housing Eating More of Income  Homeowners in every state but Alaska spent more of their incomes on housing costs last year than they did in 1999.Commentread more...

December 13th, 2007

What to do when you mortgage is underwater and you can’t pay (Market Watch)

WASHINGTON (MarketWatch)—Question: What do I do when I owe a $450,000 first mortgage, a second at $115,000 and new houses he same as mine are selling for $500,000? I owe two months on the first and two months on the second, and I cannot pay. What do I do?

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