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 [...]

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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 [...]

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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 [...]

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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 and [...]

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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 [...]

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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 [...]

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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 [...]

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