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
The income gap between the richest 1 percent and the rest of America widened to a...
For the first time, more than half of U.S. public school students live in low-income households,...
