Archive for » May 19th, 2010«

Are you in danger of losing your home to foreclosure? Why not rent?

For what you pay for (or are not paying) on  small home, you could rent a mini mansionExample:   This home is in San Bernardino County the mortgage is 399,000.  With a 7 % interest rate the payment is about$ 2654.55. plus taxes and insurance $3150 per month. Its now worth about 130,000 They may never modify the loan. Even though they make you think they will. So instead, why not short sale your home and rent a nicer home? Obviously if your not paying your mortgage their is a good reason. The point I am trying to make is you have [ ... ]