Do whatever is legal and best for you. Nearly half of American is refusing to make unnecessary personal purchases—some to reduce revenues to government and others terrified that they won’t have incomes tomorrow.
Corporate-government interests engaged in regulating in locales against new businesses for decades. A large proportion of the country’s men were put out of adequate work over three decades of moving manufacturing to slave nations. Due to that, there are not enough sustainable revenues for contemporary fat government at all levels.
Prepare for the “austerity” programs ahead (hysterical tax hikes without expected yields, unprecedented cuts in employment, big cuts against Social Security, Medicare,...). Atlas is not shrugging. The real Joe the Plumber is, and so are his wife and kids. ...and neighbors. Currency wars, trade wars, and probably, real wars will commence.
Keeping somebody living on the property,keeps it maintained and looked after.
When property values rise they will be evicted immediately..
We just bought a foreclosure the owner moved out, within 2 weeks,faucets,hot water heater,undersink disposer ,light fixtures,garage opener and any copper wire or copper pipe visible in the garage had been removed..
They broke a water pipe in an upstairs bathroom destroying the ceiling and warping approx 300 sq ft of oak flooring..
We got it for a steal approx $100,000 below normal price..
Well, I fell behind due to divorce/income loss + alimony. The bank refused to work with me trying to catch up & sent someone to drill my lock and enter the house. On the advice of my Attorney, I am not even trying to make a payment. My house has been on the market since August.
Who’s going to pay for the mess when the real lend comes forward in 25 years and wants to foreclose because the servicer didn’t pay him? And you don’t have a leg to stand on because you made all your payments to the servicer and not to the lender?