TV News LIES

Monday, Dec 22nd

Last update06:35:19 AM GMT

You are here News Economy Debt Is Not An Asset

Debt Is Not An Asset

E-mail Print PDF

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.

More...


Most Recent Related Stories...


Inequality Between America's Rich and Poor Is at a 30-Year High

economic inequality at 30 yr. highThere are many ways to compare finances, but perhaps a more holistic measure of financial health...

US adds 321,000 jobs, the most in nearly 3 years

unemploymentU.S. employers added 321,000 jobs in November, the biggest burst of hiring in nearly three years...

More Sears and Kmart closings than first announced

Sears closingsSears Holdings, the parent company to Sears and Kmart, announced it will close another 235 stores...

How Executive Ended Up With $196 Million in an IRA

IRA investmentCorporate and private-equity executives can accumulate millions of dollars in tax-favored retirement accounts, taking advantage of...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!