posted on Mar, 25 2010 @ 09:14 PM
if you are paying for a house, its not yours till you pay it off, the bank owns it and the bank wants you to keep paying... however, once the house is
paid off, it now becomes yours, and if there is an expensive injury, a lawsuit, or something of that nature, cant the government take your property
being its "your property" in order to cover the fees and things?
thats why im wondering if its best to pay off about 90-95% of the home and continue paying the 30 year agreement of about $100-$200 a month, that way
its not yours, but yet monthly is not expensive and can be easily paid for and government or IRS wont be able to take that property from you, being
its the banks property and you are still paying it off