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Old 10-05-2011, 10:38 AM
 
Location: Arizona
1,204 posts, read 2,526,506 times
Reputation: 1551

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Quote:
Originally Posted by Nocontengencies View Post
You think he and his significant other should live apart for 20 years or how ever long it takes for him to be able to sell, I don't. The situations are very similar. They describe people that can pay their mortgage, but are unhappy where they are and have to put their quality of life on hold for a very ling time if they stay. As I said, life is short. You have to be willing to take the lumps that come with walking away if you do it, look into it and make an educated choice, but I think some situations warrant doing so.

He bought what he could afford. What he could not have predicted was being upside down in that mortgage and the way his own needs would change.
I guess we will have to agree to disagree on this one
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Old 10-12-2011, 09:51 AM
YAZ
 
Location: Phoenix,AZ
7,706 posts, read 14,081,493 times
Reputation: 7043
It's creepy nowadays.

If the OP, fiance, and children were just going through a "normal" recession like we're all used to, they could just wait it out for a few years and then sell.

This is different.

I know folks that will NEVER regain the cash that they put into their homes in their lifetimes.

The key word is NEVER.

There just isn't enough time left.
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