JLP of All Financial Matters had a six-question interview on the housing crisis with reality TV host, speaker, and author Larry Winget. Mr. Winget hosts the A&E show Big Spender and has written several books on personal finance, the latest of which is You’re Broke Because You Want to Be. Mr. Winget maintains that the [...]
Interview with Larry Winget on the foreclosure flood
May 5th, 2008 · 2 Comments
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Carnival participation for this past week
May 5th, 2008 · No Comments
Living After Foreclosure was featured in last week’s Carnival of Personal Finance, which was held over at Lazy Man and Money. The article submitted discussed how we now have to worry about our neighbor’s finances now that foreclosures are getting more common, because a sinking tide lowers all ships. Thanks Lazy Man for including my [...]
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Conseco was foreclosed on
May 2nd, 2008 · 1 Comment
There will be more celebrities losing their homes. I’m sure of it. Jose Conseco lost his 7,300 square-foot home yesterday, owing about $2.5 million on it. The home currently on his plate is smaller. It’s all a matter of cash flow: trying to support more house than you can easily afford. If a person’s income [...]
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Carnival participation
April 28th, 2008 · No Comments
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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Now we have to worry about our neighbor’s finances
April 26th, 2008 · 4 Comments
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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HUD tips for avoiding foreclosure: Part 2
April 22nd, 2008 · No Comments
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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Why get foreclosed on when you can “walk away?”
April 15th, 2008 · 5 Comments
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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HUD tips for avoiding foreclosure: Part 1
April 12th, 2008 · 2 Comments
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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Tent sweet tent?
April 8th, 2008 · 1 Comment
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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Stripped for copper
April 2nd, 2008 · No Comments
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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