Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Those I know have been foreclosed within the last 1-5 years. Thanks for the heads up I will keep checking with them to see how it's going.
I live in Ohio, home in me and spouse's name. The rental climate is comparable to what our mortgage/insurance/taxes total. The deals come in b/c of the amount of foreclosed and walk away properties that are available. Plenty of good deals on homes that are up to $80,000 cheaper than what we owe on our property.
I guess we're just thinking long term. Is it better to take a hit to our credit while still young and be guaranteed a home that's paid for outright. Or continue doing "the right" thing.
No matter how pretty a ribbon you put on it this still stinks, if you default on your first mortgage to get the other place, your greed becomes everyone elses problem. Don't sit there and think for one minute it would just be the bank's problem it is everybody's problem then. It is past on to the taxpayers and anyone who banks. All those extra fees we are paying is because of people who had no business moving to a different house.
I hope anyone who has used these tactics to get a house I hope the banks use every means possible to proscute them to the fullest extent of every law available to them. Yes then I will have to pay for the jail stay but at least justice to the rest of us who feel obligated to pay the bill we create will have been served.
No ribbons here. Read my op again. Your judgement is premature.
Chet - I forgot to thank you for responding. Your post was helpful.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
