Jeffrey, Mona, I am so glad to hear more Realtors up in arms, and you are so right, this kind of advice is going to put the average American in a worse position over time!

Steve, you know, that could be true, although I choose to believe that she has someone's best interests in mind (other than her own)--I think it was a not-well-researched slip--she is NOT in the lending or real estate business!

Steven, Suze often gives good advice--the transcripts for the program show her history of advising people NOT to use so much credit, and the credit card companies should stop extending it to people, but hey--they're in the business of making a buck too, right?  (or three, five, thousand...)

btw, she also says to keep putting money into 401Ks and mutual funds, which is also profoundly bad advice, as is keeping cash, in a currency-based economy!

Bill, that is awful news for Austin, and markets are different in all parts of the country.  To make a generalization as she did based on one person's question, which thousands will then take to heart is just unconscionable in my book!  She is in a position of authority, and people listen!

GOOD ADVICE, Carol--the absolutely first and best step is to attempt to consut with the lender, although this can be tricky for the 'uninitiated', and ALWAYS check with your accountant and/or legal representative!  Whatever you do, don't just take the word of ANY media as the best source!

Can you even believe that, Katrina?!  Here we are, working our butts off to try and save as many homeowners as possible from losing their a**es and credit and possibility of a future home purchase, and she (who has the ear of TEEVEE viewers) tells them to send "jingle mail"!  AiYiYI!!