DUH! Bad Business Plans Are BAD Ideas!

J.J. Jackson* | March 7, 2007

Overdue mortgages linked to risky loans
(By Kimberly Blanton, Globe Staff)
An explosion in overdue mortgages tailored to home buyers with less-than-sterling credit has driven foreclosure filings to record highs in Massachusetts.

And you know who foots the bill for this right? Those of us who have great credit and can pay … and we do with higher rates.

I know that everyone wants to own a home but if you cannot afford the mortgage you need to find other options. Work hard to get what you want and don’t try to bite off more than you can chew.

And you banks making these risky loans to people who have questionable histories? You need to start cutting back.

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