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'Foreclosure is more than a little "bang". It's similar to declaring bankruptcy. I think we know who has morals just by the posts. Do you?'
What? 7 years ? 8 years? So what. Again in SOME AREAS it will take that long for the market to correct.
Spare me the moral lecture. Again walking away makes sense to SOME families.
You have no idea what you're talking about. You have no facts to back up your OPINIONS. If you feel you're being lectured then you probably have something to feel guilty about.
Carrying the burden of an overinflated house payment is best for his kids huh? pfttt.
He chose to buy a house with an overinflated house payment. Suppose I build a house for you, shouldn't I be paid for it in full? He decided he wanted to spend that much on the house. He signed a contract saying he will pay that much for it (and will pay the amount PLUS the interest fully amortized in 30 years).
I agree w/ the above poster who said this is a throw away society. Everyone just runs away from their problems. No one is committed to anything anymore. Which includes corporations and people. Corporations don't care about people and just will lay them off. People don't care about their obligations, be it a loan, children or marriage.
When students transfer colleges and had student loans from their own college, don't they pay that loan off even though they never finished going to school there? Maybe we should make houses an obligation to pay just like student loans.
'Foreclosure is more than a little "bang". It's similar to declaring bankruptcy. I think we know who has morals just by the posts. Do you?'
What? 7 years ? 8 years? So what. Again in SOME AREAS it will take that long for the market to correct.
Spare me the moral lecture. Again walking away makes sense to SOME families.
While it maybe 7 years to correct for the person going through bankruptcy (which is a long time mind you if they are having financial hardship), it affects other people as well. If you declare bankruptcy and you owe me 1000 dollars, that means I won't get my 1000 dollars. I might be relying on that money to pay for the item that I gave you plus the profit from that item to pay for my rent. If I can't pay my rent, then I don't have a place to live. Which in turn makes the landlord lose money who then may not be able to meet his obligation. It's a domino effect. Which is exactly what is going on today.
'You have no idea what you're talking about. You have no facts to back up your OPINIONS. If you feel you're being lectured then you probably have something to feel guilty about.'
Actually I live in an area of SoCal called the Inland Empire so I do know what I am talking about in respects to my area. Your comment feels like I am being attacked? hmmm.
I have nothing to feel guilty about. I do what's best for my family. To the original poster you might want to consider a 'buy and bail'. You are the perfect candidate. Good credit, etc. Buy a home you can afford before you ruin your credit. Once you secure the new home, foreclose on the old.
I am taking a stand for "us" the few who can accomplish this act, as i am currently purchasing my dream home, i did read the paperwork 4 years ago and knew then what i was aggreeing upon, i could afford it and could still, but why sit on a money pit for the next 20 years waiting just to break even, when i could be all nestled up in my dream house? uh exactly, and call it what you want, the bank gets the house, its not like i stole anything, it was the agreement, the "bank" is not a person with feelings or worries, but i sure am, so i think its pretty damn smart, and just to **** yall off more, im even going to rent out my house while its in foreclosure to a friend who knows the situation, why not? it would sit there empty anways and its still mine for now, so all you haterz who would do the same thing but can't, whatever, my family and I are getting my dream house "what?!"
'You have no idea what you're talking about. You have no facts to back up your OPINIONS. If you feel you're being lectured then you probably have something to feel guilty about.'
Actually I live in an area of SoCal called the Inland Empire so I do know what I am talking about in respects to my area. Your comment feels like I am being attacked? hmmm.
I have nothing to feel guilty about. I do what's best for my family. To the original poster you might want to consider a 'buy and bail'. You are the perfect candidate. Good credit, etc. Buy a home you can afford before you ruin your credit. Once you secure the new home, foreclose on the old.
I am taking a stand for "us" the few who can accomplish this act, as i am currently purchasing my dream home, i did read the paperwork 4 years ago and knew then what i was aggreeing upon, i could afford it and could still, but why sit on a money pit for the next 20 years waiting just to break even, when i could be all nestled up in my dream house? uh exactly, and call it what you want, the bank gets the house, its not like i stole anything, it was the agreement, the "bank" is not a person with feelings or worries, but i sure am, so i think its pretty damn smart, and just to **** yall off more, im even going to rent out my house while its in foreclosure to a friend who knows the situation, why not? it would sit there empty anways and its still mine for now, so all you haterz who would do the same thing but can't, whatever, my family and I are getting my dream house "what?!"
You think you aren't doing any harm to any one and it is just the banks money...hmmm the bank has people who invested in mortgages and they are losing money...well you don't care, you just think being selfish, as most of us would call it, is normal and you get what you can get....well one day you will get what you deserve and don't come crying!!
You are hurting honest people, because of the loophole you think you are using, business people who invest in mortgages will get harder and harder so others won't get a mortgage that easily. So you are harming others and many people thought they were smart but living on the dge means you can fall off....just be careful
'You have no idea what you're talking about. You have no facts to back up your OPINIONS. If you feel you're being lectured then you probably have something to feel guilty about.'
Actually I live in an area of SoCal called the Inland Empire so I do know what I am talking about in respects to my area. Your comment feels like I am being attacked? hmmm.
I have nothing to feel guilty about. I do what's best for my family. To the original poster you might want to consider a 'buy and bail'. You are the perfect candidate. Good credit, etc. Buy a home you can afford before you ruin your credit. Once you secure the new home, foreclose on the old.
I am taking a stand for "us" the few who can accomplish this act, as i am currently purchasing my dream home, i did read the paperwork 4 years ago and knew then what i was aggreeing upon, i could afford it and could still, but why sit on a money pit for the next 20 years waiting just to break even, when i could be all nestled up in my dream house? uh exactly, and call it what you want, the bank gets the house, its not like i stole anything, it was the agreement, the "bank" is not a person with feelings or worries, but i sure am, so i think its pretty damn smart, and just to **** yall off more, im even going to rent out my house while its in foreclosure to a friend who knows the situation, why not? it would sit there empty anways and its still mine for now, so all you haterz who would do the same thing but can't, whatever, my family and I are getting my dream house "what?!"
You think you aren't doing any harm to any one and it is just the banks money...hmmm the bank has people who invested in mortgages and they are losing money...well you don't care, you just think being selfish, as most of us would call it, is normal and you get what you can get....well one day you will get what you deserve and don't come crying!!
You are hurting honest people, because of the loophole you think you are using, business people who invest in mortgages will get harder and harder so others won't get a mortgage that easily. So you are harming others and many people thought they were smart but living on the edge means you can fall off....just be careful
hhmm, yeah, no wonder California is messed up.....
I'm certainly not impressed.
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