What is the big deal about walking away from my house?

Q: What is the big deal about walking away from my house? A: In a recent study, the Chicago Booth/Kellogg School Financial Trust Index found that a full 36% of Americans would consider “strategic default”—another term for walking away from … Continue reading

My neighbor just moved out of his house one night. Why do so many people do this?

Q: My neighbor just moved out of his house one night. Why do so many people do this? A: Getting free from unmanageable debt doesn’t have to mean running away however the numbers of people who do this are astounding. … Continue reading

What can I expect if I start missing my mortgage payments?

Q: What can I expect if I start missing my mortgage payments? A: The most important thing to know is that no matter what stage of default a homeowner is in, there is almost always a way to avoid foreclosure. … Continue reading