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The Mortgage Has Become The Last Bill To Be Paid

There was a time when the mortgage was the first bill to be paid.  But for a few years now that is not the case any more, and The Mortgage Has Become The Last Bill To Be Paid.    The mortgage no longer taking priority as the first bill to be paid, started to become more of a trend in the last decade, and has continued with the increasing number of foreclosures.  This is a trend that is unlikely to change unless the Foreclosure Process changes.
When I was growing up I did not know anyone who lost their home to foreclosure except in the movies.  Credit Cards were a relatively new thing, which meant most everything was paid with cash, and bills were mainly limited to utilities, rent, or mortgage.
Credit cards started to become more and more common, along with cable TV, and cell phones.  This meant decisions needed to be made about the order bills were paid.  But one thing remained constant the mortgage or rent was paid first.
Fast forward to post 2000, and now foreclosure is a common word.  Credit cards are the norm, not the exception.  Cell phone bills, cable bills, and Internet service are now large monthly bills along with huge ... more

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