Recently I read a New York Times article, which can be found at http://homefinance.nytimes.com/article/news/2007.12.11.home The article dealt with the fact that the new legislation, intended to help ease mortgage pains, has done little to nothing to homeowners who genuinely need it. What I found more interesting is the article discusses the issue of people purchasing homes that they simply couldnt afford in their first place. Like the column I posted previously, it is critically important to evaluate your financial position BEFORE you entertain purchasing a property. Dont ever bet on the government, or even private institutions bailing you out.
Tags: attorney, Bankruptcy, Brooklyn, mortgage, New York, purchase, real estate
