The real estate bubble in the mid-2000s created a unique situation where many homes are worth less than the combined mortgage balances. Home-equity loans are considered mortgages for the purpose of this article. This lack of equity in the home is known as being “underwater”. If you are underwater, you are trapped in your home …
I Cannot Pay My Student Loans!
Student loans are a major problem that continues to worsen. Because of the willingness of lenders to underwrite excessive amounts of student loan debt and the willingness of the federal government to insure these loans, the cost of education continues to increase without limits because the flow of borrowed money to schools continues to increase. …