Slight shifts in the property value of a home can cause a complete failure of the promise to pay the debt on a mortgage, simply because the benefits of paying are no longer the same. If you owe more on the mortgage than your property is worth, an oft-chosen solution is to just walk away from it, especially if it was easy to get into, with no down, with little credit, and nothing but a bad credit report to lose.
Debt Is Not An Asset
While the Justice Department was busy prosecuting American HSBC customers for tax evasion, it has taken...
U.S. employers added a vigorous 257,000 jobs in January, and wages jumped by the most in...
