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an.
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July 9, 2009 at 10:53 AM #16008July 9, 2009 at 11:04 AM #427420
an
ParticipantHow do you know they lost that much $? If they put 0% down and roll the closing cost into the loan, then they lost nothing.
July 9, 2009 at 11:04 AM #427647ParticipantHow do you know they lost that much $? If they put 0% down and roll the closing cost into the loan, then they lost nothing.
July 9, 2009 at 11:04 AM #427935ParticipantHow do you know they lost that much $? If they put 0% down and roll the closing cost into the loan, then they lost nothing.
July 9, 2009 at 11:04 AM #428007ParticipantHow do you know they lost that much $? If they put 0% down and roll the closing cost into the loan, then they lost nothing.
July 9, 2009 at 11:04 AM #428168ParticipantHow do you know they lost that much $? If they put 0% down and roll the closing cost into the loan, then they lost nothing.
July 9, 2009 at 11:14 AM #427430nostradamus
ParticipantHow did they lose nothing? If they sold for less than they bought, money is lost. If they defaulted, credit score is hurt. Time, taxes, and cost of upgrades, and the 2x closing costs aren’t free.
Either way they still got burned, maybe along with the lender.
July 9, 2009 at 11:14 AM #427657ParticipantHow did they lose nothing? If they sold for less than they bought, money is lost. If they defaulted, credit score is hurt. Time, taxes, and cost of upgrades, and the 2x closing costs aren’t free.
Either way they still got burned, maybe along with the lender.
July 9, 2009 at 11:14 AM #427945ParticipantHow did they lose nothing? If they sold for less than they bought, money is lost. If they defaulted, credit score is hurt. Time, taxes, and cost of upgrades, and the 2x closing costs aren’t free.
Either way they still got burned, maybe along with the lender.
July 9, 2009 at 11:14 AM #428017ParticipantHow did they lose nothing? If they sold for less than they bought, money is lost. If they defaulted, credit score is hurt. Time, taxes, and cost of upgrades, and the 2x closing costs aren’t free.
Either way they still got burned, maybe along with the lender.
July 9, 2009 at 11:14 AM #428178ParticipantHow did they lose nothing? If they sold for less than they bought, money is lost. If they defaulted, credit score is hurt. Time, taxes, and cost of upgrades, and the 2x closing costs aren’t free.
Either way they still got burned, maybe along with the lender.
July 9, 2009 at 11:46 AM #427445ParticipantMoney is lost, yes, but if it’s not their money, why should they care? credit score hurts, unless they did a short sale, which would then not affect their credit score as much. Time, I guess that’s worth something. Taxes, what taxes? Upgrades, you’re assume they did upgrades. Like I said, if they didn’t have to pay closing cost w/ their own money, they wouldn’t lose anything. What if they stop paying for 6 months while living in it rent free? That’s worth something.
July 9, 2009 at 11:46 AM #427672ParticipantMoney is lost, yes, but if it’s not their money, why should they care? credit score hurts, unless they did a short sale, which would then not affect their credit score as much. Time, I guess that’s worth something. Taxes, what taxes? Upgrades, you’re assume they did upgrades. Like I said, if they didn’t have to pay closing cost w/ their own money, they wouldn’t lose anything. What if they stop paying for 6 months while living in it rent free? That’s worth something.
July 9, 2009 at 11:46 AM #427960ParticipantMoney is lost, yes, but if it’s not their money, why should they care? credit score hurts, unless they did a short sale, which would then not affect their credit score as much. Time, I guess that’s worth something. Taxes, what taxes? Upgrades, you’re assume they did upgrades. Like I said, if they didn’t have to pay closing cost w/ their own money, they wouldn’t lose anything. What if they stop paying for 6 months while living in it rent free? That’s worth something.
July 9, 2009 at 11:46 AM #428032ParticipantMoney is lost, yes, but if it’s not their money, why should they care? credit score hurts, unless they did a short sale, which would then not affect their credit score as much. Time, I guess that’s worth something. Taxes, what taxes? Upgrades, you’re assume they did upgrades. Like I said, if they didn’t have to pay closing cost w/ their own money, they wouldn’t lose anything. What if they stop paying for 6 months while living in it rent free? That’s worth something.
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