The age of the penny-pinching retiree is ending. There are still some skinflints moving to Florida, Arizona and other warmer climbs to live out their remaining years. But more and more retirees are spending big money on their houses.
Canada"s two largest real estate companies issued reports about recreational properties this week, and while bargains can still be found for those willing to travel and buy seasonal properties, prices are climbing in most parts of the country.
It"s a situation facing hundreds of thousands of people and the numbers are growing rapidly. Foreclosures aren"t just happening to people who over-leveraged themselves and got into risky loans. They are happening to homeowners who are getting divorced, facing health issues, needing to relocate for a job, and numerous other reasons. Regardless of how you may end up falling behind on your mortgage, knowing what to do next is critically important.