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Debt Exceeds Equity

Foreclosures are up and for the first time ever, the country’s property mortgage debt exceeds equity. December 2006’s rate of people behind on payments: 6.1%. Now up to 7.9 percent in December 2007…

Blood, Tears, and Sweat Equity: The Path to Riches?

The concept seems so simple. Buy a house. Do some work. Sell the house. Make some money. Repeat. The devil is in the details. Skip some of the steps and you could find yourself staring into a money …