As featured in The Wall Street Journal, Money Magazine, and more!
     

Podcast 125: Underwater Mortgages

This article was written by in Podcast. 2 comments.


Today on the Consumerism Commentary Podcast Tom Dziubek speaks with Gerri Detweiler, personal finance expert at Credit.com, about her series of articles dealing with underwater mortgages. Gerri goes into detail about each of the six options including home loan refinances & modifications, doing a short sale and declaring bankruptcy.

Consumerism Commentary Podcast #125
Underwater Mortgages: S05E21 / 149

DownloadRSSiTunes

Table of contents

Consumerism Commentary Podcast[00:00] Introduction from Tom Dziubek
[00:35] Interview with Gerri Detweiler
[00:46] The criteria for someone to be considered “underwater”
[02:19] Stay and pay
[04:43] Emergency home owner loans
[05:20] Refinancing a mortgage & the HARP program
[06:52] Home loan modification & the HAMP program
[09:16] The popularity of home modifications
[11:38] Short sales
[13:59] Cancellation of debt and its affect on your income taxes
[16:21] Walking away from a mortgage
[19:59] Declaring bankruptcy
[22:37] Misconceptions about bankruptcy
[23:43] Credit rating recovery after a bankruptcy
[27:20] End

We always welcome feedback from listeners. If you have any comments for this episode or for any other, or if you have suggestions for future episodes, please leave us comments here or email us at podcast at this domain name.

Theme music by Mindcube.

Updated October 20, 2011 and originally published September 11, 2011. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

Email Email Print Print
avatar
Points: ♦127,480
Rank: Platinum
About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 2 comments… read them below or add one }

avatar wylerassociate ♦162 (Cent)

good podcast interview especially discussing the effects of bankruptcy & the HAMP program.

Reply to this comment

avatar Pat S

Definitely quite interesting stuff. Stay and pay is probably the best option if you aren’t planning on moving.

Reply to this comment

Leave a Comment

Connect with Facebook

Note: Use your name or a unique handle, not the name of a website or business. No deep links or business URLs are allowed. Spam, including promotional linking to a company website, will be deleted. By submitting your comment you are agreeing to these terms and conditions.

Notify me of followup comments via e-mail. You can also subscribe without commenting.

Previous post:

Next post: