Stephen Colbert - The Word on Miami's Underwater mortgages

January 18, 2010
By Bruce Jacobs on January 18, 2010 1:37 AM |

Its not funny to Miami and South Florida homeowners fearing foreclosure who owe more on their mortgage than their home is worth. Being upside or underwater on your mortgage can wipe out your savings, force you out of your house and leave you with a deficiency judgments. Strategic default, walk away, but don't give up. You need competent counsel with prior bank experience to get through this difficult time.

Stephen Colbert explains the difference between your mortgage and your word.

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