[quote=new to SD]I was hoping there may be a reader who has access to financing terms below 11% with 20% to 25% down?
Answer to questions:
-It was a business decision(like any other uninsured event*) and Wells Fargo signed the same contract I signed
-I knew the default would take three years to fix my FICO.
-I save 30% of what I make, donate 5% and and work 6-7 days a week
* Ask your self if you would you hand the bank the property if you had a mud slide, sink hole or uninsured catastrophic earthquake[/quote]
1. Just for the record, simply deciding to take a step and suffer the consequences does not make the original decision ethical.
2. A business decision is not an uninsured event. Most of the businesses you deal with have business or malpractice insurance. You can insure against mudslides, sink holes and earthquakes (see California Earthquake Authority – to whom I just wrote a check).
I would not have contributed to this discussion based on your original post. The resulting discussion, though, just became too ridiculous for me to remain silent.
