By JLP | January 30, 2008
This MSN article investigates whether or not there’s a link betwen foreclosures and arson. The article doesn’t come to any meaningful conclusions but it does mention some troubling cases:
In Woodland Park, Colo., a homeowner was accused of burning his home just before he was evicted in a foreclosure action. In Houston, a man was charged with faking a racial hate crime to cover arson at his home. In Russellville, Ind., a woman was accused of trying to cash in on an insurance policy by offering her neighbor $5,000 to help torch her home and cover up the crime.
Moral issues aside, unless a person wants a prison roof over their head, they would have to be incredibly stupid to set fire to their house. It wouldn’t take a genius to be able to establish a connection between a distressed homeowner and a fire.
Instead of setting fire to the place, consider the 9 options that Liz Pulliam Weston lays out in a recent article. Although foreclosure isn’t a very nice option, it’s not the end of the world.