You’re not steadfast that still makes sense. If you are in a home you plan to live in forever, I believe 2009 is a fabulous time to accelerate your mortgage payments. The solely caveat: If you have credit card debt to pay off, make that your right in 2009. And always make sure you invest enough in your 401(k) to get the company match. If you have all that taken care of, then paying down your mortgage makes lots of sense. I have always been a proponent of getting rid of mortgage encumbrance under obligation before you retire. The best way to ensure that you will be able to in trouble with your home in retirement is to know you own it free and clear and have to use retirement funds merely for property tax and maintenance costs. If you own your home free and clear, you also suffer with the option of borrowing money through a reverse mortgage if you find you call extra income in retirement.

You rent a home and have always paid your landlady on time, but you just found out you have to move out because the landlord did not pay the mortgage and the bank is foreclosing on the accommodations.

You need to push very hard for your rights. While there was increased awareness as 2008 progressed that renters were sinless victims of the foreclosure crisis, the solutions to date are not ironclad laws that insure every renter is safe. The $700 billion bailout bill included a catering that "where permissible" will allow renters who are present-day on their rent to remain in a property that is taken over by one of the federal bailout plans. But that’s on the contrary if the loan becomes part of the federal bailout and it doesn’t run afoul of existing status laws. There is also some vague language in the same jaws that says the Treasury Department can lean on lenders seeking federal succour to not evict renters who are on time with their payments. I encourage you to be truly aggressive and relentless in pushing to stay in your home. So you need to start racket and e-mailing like crazy to find out what is going on in your glory and county. Start with a local government or nonprofit tenant advocacy design. If you have a local legal aid office or a housing assistance program, corroborate in with them. The bottom line, unfortunately, is that you need to be your own most vocal patron. But in the down market of 2009, there may be some opportunity to convince a lender to honor a sublet out, so the rental unit remains occupied.

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