Monday, October 3, 2011

So Much Debt

I found an interesting article that talks about the financial problems of debt that stretch beyond foreclosure. The author talks about how having your house foreclosed doesn't mean that you are out of debt and that there are other things that can be taken from you.

http://blogs.wsj.com/deals/2011/10/02/the-long-arm-of-debt-stretches-into-condo-fees-car-repos/?KEYWORDS=housing+market

1 comment:

  1. I dont understand why so many people are in debt. If you cant afford something then dont buy it and if you can "afford" it but your going to be bending over backwards paying for it why bother. What happened to people saving money for what they wanted? Why is there this sense of entitlement?

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