Don’t Lose Until You Sell

We now have 3 mortgages - yes 3 mortgages. I know that is nothing for a lot of people but for us it is quite daunting. We have 2 rental properties plus our primary residence. This is a lot of money that we have financed so it is important for us to stay up on the current mortgage rate and other financial areas. We had to put a decent amount of money on credit cards in order to remodel the rental properties and a year later we are still recovering. Countrywide has a mortgage credit card that we have. And since this stupid real estate market began to sink right after we bought our properties we really have to make sure we are on top of our finances. I was reading that foreclosures are at an all time high. We bought at the wrong time I guess but as my sister keeps telling me .. “you don’t lose until you sell”.

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One Response to “Don’t Lose Until You Sell”

  1. WOW! I can’t even begin to imagine what y’all must be going through!

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