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Re: Times: Homes at risk as banks seek more security for credit card debt Posted on: Thu, 27 Mar 2008 10:19:04 +0000

On Wed, 26 Mar 2008 17:15:42 GMT, "Lord Turkey Cough"
wrote:

>It's like the misleading government warnings,
>
>"THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME
>MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY
>OTHER DEBT SECURED ON IT."
>
>It's a lie, it implies your home is not at risk if there is no loan secured
>on on when in reality it is.

It isn't a lie. It just states than your house may be reposessed if
your fail to pay your mortgage. It makes no statement that your house
is safe if you don't have any debts secured on it.

However it is an easy assumption to make.

M.
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