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Welcome to SportTrac.Org
Off Topic Discussion
Any opinions on dept consolidation companies?
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<blockquote data-quote="Thomas Rogers" data-source="post: 791934" data-attributes="member: 60724"><p>Travis, of course, selling a home only works if you have equity in it before the sale (and can sell it), and/or if selling it will put you in a much better cashflow situation after the sale. But, that is exactly the case for many homeowners today. </p><p></p><p></p><p></p><p>I know several homeowers that are sitting on equity, but are living paycheck to paychek and racking up credit card debt. The house and it's big mortgage to them is an albatrose that if they sold, they could pocket some cash, and live more modest as a renter (or, gasp, even an older, smaller home)...most just choose not to.</p><p></p><p></p><p></p><p>I only have 10 years left on the foul around my neck.</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 791934, member: 60724"] Travis, of course, selling a home only works if you have equity in it before the sale (and can sell it), and/or if selling it will put you in a much better cashflow situation after the sale. But, that is exactly the case for many homeowners today. I know several homeowers that are sitting on equity, but are living paycheck to paychek and racking up credit card debt. The house and it's big mortgage to them is an albatrose that if they sold, they could pocket some cash, and live more modest as a renter (or, gasp, even an older, smaller home)...most just choose not to. I only have 10 years left on the foul around my neck. TJR [/QUOTE]
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Welcome to SportTrac.Org
Off Topic Discussion
Any opinions on dept consolidation companies?
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