Tag: mortgage default
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Reader case study: short sales and debt
9 April 2012After I posted What to do — and not do — with your former mortgage dollars, I received a request for advice on a strategic default from a woman I’ll call Tricia. I agreed to give her some (friendly, I-am-not-a-lawyer) suggestions based on my own research, and she gave me permission to share our exchange […]
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What to do — and not do — with your former mortgage dollars
21 March 2012With the decision to stop paying our mortgage, our immediate expenses dropped by nearly $3000 per month. That saved us over $32k in 2011 alone. So what did we do with all that ‘extra’ money? Well, first of all, about $6000 went to pay additional income tax, now that we no longer qualified for the […]