The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (2386)	4/18/2002 2:19:37 PM
From: bozwood	Read Replies (1) of 306849

What I mean is that if a person does not pay credit card debt, the creditor has no recourse other than damaging a person's credit report. However, if a person can't pay for their house, the creditor has recourse in terms of foreclosure. Now, I have no problem with rolling credit card debt into a home equity loan, but it is probably better to field annoying calls from collectors than to face foreclosure (in a worst case scenario).

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