Why Finances Are More Important Than Home Prices

Move over, baseball. Watching home values seems to be the new American pastime - at least where I live.

Just like a sports fan knows all the scores and stats, my friends know every time a nearby house goes for sale - and for how much. They check Zillow.com constantly to see if their homes have dropped or gained value. They grab the real estate section of the paper first-thing every morning. If prices haven't changed, they're happy; if they've gone down, they're sad.

I can sympathize with their obsession. Home values in my state spent the last couple decades skyrocketing. And then the bottom fell out of the market a few years ago. People who bought at "the wrong time" got burned - some saw their homes' values fall to nearly half the price of their mortgage. But where they see a loss, I see potential.

You see, home values are a lot more like the stock market than a sports game. How? Because prices are meaningless until you sell.

You've heard that age is just a number, right? Well, home value is also just a number. Unless you actually sell your house for less than you bought it, you don't lose any money. And if you can manage to stay put a few years, you'll eventually recover your original value - and then some.

If you think you have to sell because you can't afford the mortgage, think again. I know a surefire method to free up more money to pay your home loan. How? Just look at where your money is going each month. If you're like most of the country, it's going to credit cards, medical bills and tax obligations - in other words, it's going to non-mortgage debts. If you can lower or eliminate these debts, think of how much more income you'll be able to keep. And how much easier it will be to pay for your home - not to mention all those other necessities. A DebtStoppers bankruptcy plan can make it a reality.

Unlike modifications or refinances, you don't have to jump through any hoops to qualify for a bankruptcy plan. Bankruptcy is your legal right. From the minute you file, creditor actions - including foreclosure - are stopped. Meanwhile, you'll find an affordable way to achieve financial freedom.

To find out more about bankruptcy, simply sign up for a free one-on-one debt analysis with one of our Atlanta bankruptcy attorneys. We'll answer all your questions and identify a plan that fits your individual needs -- at no cost.

Your home isn't just a number - it's the roof over your head. We can help you keep it.

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