Yesterday I became convinced I'm livng a sheltered life.
On one of the morning news talk shows, a contributor touted the financial and emotional advantages of walking away from your mortgage. In addition, she proclaimed, banks do it all the time on office buildings worth millions of dollars! Her reasoning: Why shouldn't we?
Then, in the free regional newspaper, I tripped over an article and several advertisements. Apparently, some realtors are specializing in handling 'short sales'. The article advised that, in certain circumstances and only through 2012, a new law makes it possible to get the remaining debt forgiven! A certified realtor can guide you through the process and lead you into a debt- free 'promised land.'
I was amazed, appalled, and stricken.
Today, I am haunted by what this must mean for families, not only today but for the foreseeable future. How does one make it day to day carrying such incredible anxiety and uncertainty?
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