“Not Having a Mortgage Really Hurts, Tax wise”
So many, for one reason or another have had to rent. Many used to be homeowners but as a result of a bankruptcy, foreclosure, deed in lieu of foreclosure or short sale they had no choice but to rent and many are desperately working toward homeownership again.
I have done a number of blogs on this topic and got an email from a client in Nashua NH that wants or needs to become a homeowner again. The sentence below tells her mission…
I can’t rent anymore and my salary without a mortgage write-off is going to KILL ME. Please advise.
Unfortunately she did not get good coaching as to how to repair credit. Many of her collection accounts have been sold from one company to another. She thought they would just go away, not the case at all. After spending some time reviewing her credit and explaining what she needs to do, she said she sees light at the end of the tunnel.
Many just put their heads in the sand hoping the nightmare will go away, it doesn’t and it takes work. If you put in the work that is necessary, home ownership can become reality.
Image coutesy of stuartmiles/freedigitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.