Mortgage Fallout

By Brian French
Posted Tuesday, Sep 23, 2008

The bad news just seems to keep coming concerning the economy, the brokerage houses and the insurance companies. Right now people are thinking what else is going to happen. It is a time of uncertainty and trepidation. Most of us have never seen the economy do anything close to what it is doing right now. It is unchartered water for the big CEO's and the COO's. How did it all happen and how long is it going to last? It is certainly tough to predict how long it is going to take to recover but there are certainly some precautionary measures everyone should be taking right now. Don't live beyond your means. Establish an emergency fund. If you need to sell, price it right so it will move. Negotiate a good deal on your next purchase and last but not least, have faith that this too will pass.