80% of delinquent homeowners will lose there homes

[UCGal]

[quote=jficquette]
I just encounterd my first strategic walk away homeowner.

They has a $7k house payment on a $1.2 mil house bought in 2006. They just moved 3 weeks ago into a rental house for $3500 per month in Carlsbad.

They put down $80k down on the house and figure at $3500 per month in savings they will have it made up in a couple of years.

I guess that is happening more and more now.[/quote]

Complete hijack… Is this person a contractor with an Irish sounding name? Wonder if it’s the person I’m thinking of. Everything fits except the person I know bought in 2005.

[sd_matt]

[quote=briansd1]I pretty much agree that one a homeowner is in the hole it’s very unlikely he can extract himself.

It’s better to call it water under the bridge and walk.

People are realizing this slowly as they hear from friends and relatives.[/quote]

Here’s something that many don’t think of or consider. It’s a very big wild card. What happens as this thing drags on and more and more get clued in to what is going on?….especially when you consider the shadow inventory.

We should ask Rich to make a Critical-Mass-O-Meter to measure public awareness.

[sd_matt]

[quote=briansd1]I pretty much agree that one a homeowner is in the hole it’s very unlikely he can extract himself.

It’s better to call it water under the bridge and walk.

People are realizing this slowly as they hear from friends and relatives.[/quote]

Here’s something that many don’t think of or consider. It’s a very big wild card. What happens as this thing drags on and more and more get clued in to what is going on?….especially when you consider the shadow inventory.

We should ask Rich to make a Critical-Mass-O-Meter to measure public awareness.

[sd_matt]

[quote=briansd1]I pretty much agree that one a homeowner is in the hole it’s very unlikely he can extract himself.

It’s better to call it water under the bridge and walk.

People are realizing this slowly as they hear from friends and relatives.[/quote]

Here’s something that many don’t think of or consider. It’s a very big wild card. What happens as this thing drags on and more and more get clued in to what is going on?….especially when you consider the shadow inventory.

We should ask Rich to make a Critical-Mass-O-Meter to measure public awareness.

[sd_matt]

[quote=briansd1]I pretty much agree that one a homeowner is in the hole it’s very unlikely he can extract himself.

It’s better to call it water under the bridge and walk.

People are realizing this slowly as they hear from friends and relatives.[/quote]

Here’s something that many don’t think of or consider. It’s a very big wild card. What happens as this thing drags on and more and more get clued in to what is going on?….especially when you consider the shadow inventory.

We should ask Rich to make a Critical-Mass-O-Meter to measure public awareness.

[sd_matt]

[quote=briansd1]I pretty much agree that one a homeowner is in the hole it’s very unlikely he can extract himself.

It’s better to call it water under the bridge and walk.

People are realizing this slowly as they hear from friends and relatives.[/quote]

Here’s something that many don’t think of or consider. It’s a very big wild card. What happens as this thing drags on and more and more get clued in to what is going on?….especially when you consider the shadow inventory.

We should ask Rich to make a Critical-Mass-O-Meter to measure public awareness.

[Author]

Posts