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Are home ownership costs more expensive than you anticipated?
Does this sound like you?
Rebecca Hurst was told by a real estate agent that she should stop renting her apartment, and get a mortgage on a house. She followed the advice she was given but the real estate agent neglected to mention the additional costs of owning a home. Now, Rebecca is falling behind on monthly payments and feels as though she is falling deeper and deeper into debt. What can she do?
What can you do?
Many people find themselves in this kind of situation. Very rarely do people consider things like renovations, utilities, and property taxes when buying a house. If your expenses are uncontrollable you may want to consider going back to renting. However, if you wish to keep your house it may be time to think about a consumer proposal or bankruptcy. Both of these options will give you a financial fresh start. For more information on these two options and other possible alternatives, click here.
