Living After Foreclosure

Living After Foreclosure participated in last week’s Carnival of Personal Finance, hosted over at The Happy Rock.  The article submitted was on just walking away from a foreclosure.  Thanks for including my article!

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This article by Liz Pulliam Weston, entitled Foreclosure Nearby?  It’s your problem, brings up the “friendly fire” aspect of foreclosures:  a foreclosure nearby hurts everyone in the neighborhood, not just the personl foreclosed on.
A neighbor who’s in financial trouble probably is worried about their house, but it’s almost certain that they’re not worried about the [...]

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The US Department of Housing and Urban Development has some good advice for people that are in danger of losing their home through foreclosure. I talked a little about the first three HUD tips here.  Here are some more tips from that list, with some discussion.

Know your mortgage rights. “Find your loan documents and read [...]

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If you look at the demeanor on the faces of the people over at YouWalkAway.com, you might think that getting foreclosed on is downright enjoyable.  A walk through the park with your spouse and child, as it were.
It even seems a bit empowering.  You don’t get foreclosed on; you walk away.  Kind of like “Take [...]

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The US Department of Housing and Urban Development has some good advice for people that are in danger of losing their home through foreclosure. Here are a couple of items from that list, with some discussion.

Don’t ignore the problem. “The further behind you become, the harder it will be to reinstate your loan [...]

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This BBC video took me by surprise the first time I saw it:
Tent City in LA
I couldn’t imagine trading the security and solidness of real estate for a camper, let alone a tent.  This has got to be a rude awakening for families that have recently lost their homes.  Among the adjustments cited in the [...]

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Abandoned houses attract a lot of things: partying teenagers, mice, rocks through the windows, the elements.
Now, with the houses rotting away in varying states in the foreclosure process, these houses are now attracting black-market commodities dealers.  The houses are broken into and stripped of their copper pipes and wires.  Copper has quintupled in price over [...]

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Welcome to the first post on Living After Foreclosure! Here are some of the things I plan to talk about on this site:

The foreclosure process — how one gets to that point, what’s involved, how it can be avoided
The social effects of foreclosure
How widespread foreclosure affects society and the economy
How one deals with foreclosure [...]

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