Posted On: December 7, 2007 by Rich

Would You Rather Lose Your Home Or Your Car?

Over at AllFinancialMatters JLP is discussing a recent Wall Street Journal article about the higher rate of people falling behind on their car loans.

If you are a homeowner who is falling behind on your home and your car, let your car go. Stop making payments, let it get repossessed, and throw all of that car payment money towards keeping your home out of foreclosure. Often times we see homeowners who are about to lose thier house making sure they keep their $500+ car payment current.

Its better to deal with a deficiency from a repossessed car then it is to deal with a foreclosure.

Posted by Rich | | Email This Post | Comments (0)

Posted In: Foreclosure

Bookmark: Bookmark Would%20You%20Rather%20Lose%20Your%20Home%20Or%20Your%20Car%3F at Google.com Bookmark Would%20You%20Rather%20Lose%20Your%20Home%20Or%20Your%20Car%3F at del.icio.us Digg Would%20You%20Rather%20Lose%20Your%20Home%20Or%20Your%20Car%3F at Digg.com Bookmark Would%20You%20Rather%20Lose%20Your%20Home%20Or%20Your%20Car%3F at Spurl.net Bookmark Would%20You%20Rather%20Lose%20Your%20Home%20Or%20Your%20Car%3F at Simpy.com Bookmark Would%20You%20Rather%20Lose%20Your%20Home%20Or%20Your%20Car%3F at NewsVine Blink this Would%20You%20Rather%20Lose%20Your%20Home%20Or%20Your%20Car%3F at blinklist.com Bookmark Would%20You%20Rather%20Lose%20Your%20Home%20Or%20Your%20Car%3F at Furl.net Bookmark Would%20You%20Rather%20Lose%20Your%20Home%20Or%20Your%20Car%3F at reddit.com Fark Would%20You%20Rather%20Lose%20Your%20Home%20Or%20Your%20Car%3F at Fark.com Bookmark Would%20You%20Rather%20Lose%20Your%20Home%20Or%20Your%20Car%3F at Yahoo! MyWeb

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

Problem Properties Cost
- Clearwater Properties Pays

About Clearwater Properties

Contact Us
(888) 611-0914

Subscribe

Subscribe to the blogs's ATOM feed Subscribe to the RSS feed
Add to your Google Home Page or Google Reader Add to your My Yahoo!
Add to your My MSN Add to your My AOL
Add to your My Feedster Add to your NewsGator
Add to your Bloglines Add to your News Burst
Add to your Rojo Add to your Pluck

Recent Entries

  • December 7, 2007 3:28 AM
    Would You Rather Lose Your Home Or Your Car? If you are a homeowner who is falling behind on your home and your car, let your car go. Stop making payments, let it get repossessed, and throw all of that car payment money towards keeping your home out of foreclosure.
  • December 6, 2007 12:37 PM
    Rate Freeze Leaves Most Homeowners Out In The Cold It is expected that the President will announce that the government has struck deals with some of the larger lending institutions where they will freeze the teaser rates *on some* of their subprime mortgage loans.
  • October 31, 2007 2:05 PM
    New Jersey's New Foreclosure Prevention Program New Jersey announced a new foreclosure prevention effort to help thousands of the state's borrowers who facing foreclosure.
  • October 11, 2007 8:38 AM
    Builders Dropping Prices - Where Does That Leave You? With the way the market is going, builders are slashing prices of their existing inventory and offering incentives unheard of months ago. For homeowners who jumped in at the height of the boom, the discounts aren't so good. Many who bought last year suddenly own homes worth a whole lot less--making it hard for anyone who has to refinance, sell, or borrow against the equity.
  • October 8, 2007 2:22 PM
    Are You Behind On Your Mortgage? Are you behind on your mortgage? Are you worried...

Related Blogs