.you know brian and harvey..There use to be a point in life when a person would avoid foreclosure because there were so many things stacked against them if they did, that they would voluntarily exhaust everything else without a need for motivation….
think about that one…
[quote]
Those who had made large down-payments and got fixed-rate mortgages at the peak are pretty much stuck in a bad situation. They can’t refinance or walk-away without losing a lot.
[/quote]
I feel bad more so for people who are still renting and holding out…Because at least folks that made large down payments and got fixed rate mortgages still went through this with a nice low rate and probably ended up with a lower payment that renting by now…
Some (not all) that have been sitting out for a really really long time really, up to now, really got screwed…
