1 Articles match "Avoid","Colorado","Upside-Down"

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Foreclosure Crisis Sparks Surge in Arson
In Colorado , a homeowner was convicted for setting his home on fire to prevent the lender from repossessing the property. “We’ve People upside-down on their house with variable-interest-rate loans, or upside-down on their cars, are pretty quick to burn their property right now.” Burning your home down will end in both a criminal conviction, plus the legal obligation to pay off the loan. In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Foreclosure Crisis Sparks Surge in Arson
    In Colorado , a homeowner was convicted for setting his home on fire to prevent the lender from repossessing the property. “We’ve People upside-down on their house with variable-interest-rate loans, or upside-down on their cars, are pretty quick to burn their property right now.” Burning your home down will end in both a criminal conviction, plus the legal obligation to pay off the loan. In desperate times people resort to desperate measures. Facing foreclosure, some homeowners are setting fire to their homes for the insurance money.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE