The article below is a little extreme, but it is real. We all saw it on national TV and we have taken the time to discuss the foreclosure issues on InvestSmarter.com and it is a major problem. It's a never ending spiral and guess what....it's here in full effect in the Destin Florida Real Estate market. Don't let it catch you off guard. The downward spiral of debt management is a never ending trend. You get behind and can't catch up. Hope that the economy doesn't take one or both of the spouse out of work! There is some good information as they mention below. Take some time to really look into the outcomes on FreeCreditReport and see what you can do now to save your future!
Ed McMahon's New Job: Talking About Credit Ed McMahon, who recently nearly lost his home to foreclosure, has found a new gig. The 85-year-old is posing as a rapper in a television commercial for Experian's FreeCreditReport.com.In the ad, McMahon raps about how to avoid bad credit, and he speaks from experience. Charles Harris, senior vice president of marketing for FreeCreditReport.com, said his company got the idea after watching McMahon appear on the "Larry King Live" TV talk show this summer when he discussed his foreclosure problem and took the blame for not managing his debt better.McMahon made headlines this past summer when he defaulted on a $4.8 million mortgage on his six-bedroom home. At that time he was said to be $644,000 in arrears on the debt.Source: Reuters News, CNN.com (09/25/2008)
For more information online about foreclosures and short sales also visit http://www.randbcoastalrealestate.com/ and you can search for properties for sale in the Destin Real Estate Short Sale Market online.
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