I’m just curious how sd gal obtained $110K in two years since her SS yet she managed to stiff her lender by how much at closing?
Was she able to save up a good portion of this money while squatting?
If so, was she working all during her default and subsequent SS and thus it was a “strategic” SS?
And how did she get into this SS debacle in the first place? Was it due to “cashing out” her home “equity” and then deciding to stiff the lender when it came time to pay some or all of it back?
As you may surmise here, I have no sympathy for short sellers. I haven’t heard of ANYBODY being able to get a mortgage even three years after a SS! Perhaps other Piggs have but I question whether their recent purchase-money mtg was actually at a “competitive” rate with “competitive” terms and reasonable closing costs. A SS is technically the same as a foreclosure as far as FICO is concerned. Short sellers and foreclosure “victims” can’t have it both ways. Their debt (often massive) was “forgiven” and so now they’re going to be “damaged goods” for awhile and have to rent.
This is only fair to all those homeowners who lived within their means for the last decade-plus and played by the rules.
