And is that a good idea? If we found a cheap, pretty good condition mobile home in a park and then found a nice piece of land to move it to, would that be cost effective? Would having two mortgages be bad? I know we need to get a real estate agent but in the [...]

Last night on "60 Minutes," the reporter stated that one guy made a lot of money on failing securitizations of mortgages b/c he realized that if just a few mortgages failed, the whole security would be worthless. This is one part of the financial mess I never quite understood–or if I did, I’ve forgotten the [...]

Can I carry over from 2005 to 2006 interest paid on mortgages for tax deduction? Also, are there any other deductions that can be carried over besides charitable contributions? Thanks. No, in fact you cannot. If the issue is that you did not claim all of your mortgage interest in 2005, then you need to [...]

Who are the people that are defaulting on their mortgages? which companies (industries) are involved in this? Additionally does this go on in some regions more than in others? what effects does it have on the economy and our daily lives? what can be done to prevent further morgage defaults and fix the tumbling economy? [...]

I own a couple of fourplexes in Los Angeles. I want to purchase more (another this year while prices are slashed, maybe one more next year), but I know it affects my credit to have a lot of mortgages under my name. But I’m sure the banks who hold the mortgages won’t be ok with [...]

I want to shop for mortgages for a new house without them needing to run my credit every time since having my credit run negatively impacts my credit (why is that anyway?). How should I go about shopping for mortgages to get the best rates, lowest fees and best overeall package? Your best bet is [...]