The market is bad when people are foreclosing on free homes…
This article came out today in Yahoo TV Blog. It seems that that the Wofford family of Encinitas, California are in foreclosure of their house that they built 5 years ago. They reportedly are the 6th family to lost their home after having it built by the tv show’s crew. What a bummer! As if the reason they earned the home isn’t tragic enough.
I guess access to our home’s equity is generally not a good idea to tap into.