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Friend’s mortgage too big for income, may lose house, need finance ideas?

January 03rd, 2010
asked:


Friend has in home business, needs the space, but the mortgage is WAY more than her income. It’s a new home so no equity, poor credit. How can she reduce her payments? Any ideas welcome.
Friend has in home business, needs the space, but the mortgage is WAY more than her income. It’s a new home so no equity, poor credit. How can she reduce her payments? She is nearly 65, slight disability and VERY little social security. Any ideas welcome.

Luciano

Filed under: Financial Aid | Tags: ,
January 03rd, 2010 12:39:02

What happen’s to home mortgages during a depression ? who collects, who evicts ?

January 03rd, 2010
Al asked:


I’m guessing the government takes over, but do they make millions and millions of people homeless when they call their loans and there is no way to repay ? I’m just imagining empty homes and people living in the streets, would it be less dramatic then that?

Celia

Filed under: Renting & Real Estate | Tags: ,
January 03rd, 2010 12:35:50