- This topic has 315 replies, 22 voices, and was last updated 15 years, 8 months ago by
svelte.
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February 18, 2009 at 11:10 PM #350094February 19, 2009 at 12:34 AM #349555
thebazman
Participant[quote=macromaniac]Urban,
…edited…When you default and have no job….there IS NO MODIFICATION SOLUTION and YOU WALK.
The next wave down will be due to unemployment and this will take us down further….
If your buyer’s are comfortable with these things and still want to pull the trigger for whatever reason then that is there decision.
[/quote]
Yes, true, without any income you can’t pay the mortgage, but can you pay rent either?
If someone gets a place for $536/month as in Urban Realtor’s example, wouldn’t that be pretty close to rent, even with HOA and property tax?
Maybe the one big thing is the level of commitment and penalties. If you walk out of a lease and move in with folks, the credit hit is not as bad as if you move into foreclosure.
(I’m just trying to explain this to myself out loud. ) 🙂
–Baz
February 19, 2009 at 12:34 AM #349872Participant[quote=macromaniac]Urban,
…edited…When you default and have no job….there IS NO MODIFICATION SOLUTION and YOU WALK.
The next wave down will be due to unemployment and this will take us down further….
If your buyer’s are comfortable with these things and still want to pull the trigger for whatever reason then that is there decision.
[/quote]
Yes, true, without any income you can’t pay the mortgage, but can you pay rent either?
If someone gets a place for $536/month as in Urban Realtor’s example, wouldn’t that be pretty close to rent, even with HOA and property tax?
Maybe the one big thing is the level of commitment and penalties. If you walk out of a lease and move in with folks, the credit hit is not as bad as if you move into foreclosure.
(I’m just trying to explain this to myself out loud. ) 🙂
–Baz
February 19, 2009 at 12:34 AM #349996Participant[quote=macromaniac]Urban,
…edited…When you default and have no job….there IS NO MODIFICATION SOLUTION and YOU WALK.
The next wave down will be due to unemployment and this will take us down further….
If your buyer’s are comfortable with these things and still want to pull the trigger for whatever reason then that is there decision.
[/quote]
Yes, true, without any income you can’t pay the mortgage, but can you pay rent either?
If someone gets a place for $536/month as in Urban Realtor’s example, wouldn’t that be pretty close to rent, even with HOA and property tax?
Maybe the one big thing is the level of commitment and penalties. If you walk out of a lease and move in with folks, the credit hit is not as bad as if you move into foreclosure.
(I’m just trying to explain this to myself out loud. ) 🙂
–Baz
February 19, 2009 at 12:34 AM #350030Participant[quote=macromaniac]Urban,
…edited…When you default and have no job….there IS NO MODIFICATION SOLUTION and YOU WALK.
The next wave down will be due to unemployment and this will take us down further….
If your buyer’s are comfortable with these things and still want to pull the trigger for whatever reason then that is there decision.
[/quote]
Yes, true, without any income you can’t pay the mortgage, but can you pay rent either?
If someone gets a place for $536/month as in Urban Realtor’s example, wouldn’t that be pretty close to rent, even with HOA and property tax?
Maybe the one big thing is the level of commitment and penalties. If you walk out of a lease and move in with folks, the credit hit is not as bad as if you move into foreclosure.
(I’m just trying to explain this to myself out loud. ) 🙂
–Baz
February 19, 2009 at 12:34 AM #350128Participant[quote=macromaniac]Urban,
…edited…When you default and have no job….there IS NO MODIFICATION SOLUTION and YOU WALK.
The next wave down will be due to unemployment and this will take us down further….
If your buyer’s are comfortable with these things and still want to pull the trigger for whatever reason then that is there decision.
[/quote]
Yes, true, without any income you can’t pay the mortgage, but can you pay rent either?
If someone gets a place for $536/month as in Urban Realtor’s example, wouldn’t that be pretty close to rent, even with HOA and property tax?
Maybe the one big thing is the level of commitment and penalties. If you walk out of a lease and move in with folks, the credit hit is not as bad as if you move into foreclosure.
(I’m just trying to explain this to myself out loud. ) 🙂
–Baz
February 19, 2009 at 1:01 AM #349565CA renter
Participant[quote=tibuan]The government wont do anything bad for his own country. Especially our president today.
pinnaclesecurity.com[/quote]SPAMBOT WARNING!!!
February 19, 2009 at 1:01 AM #349882Participant[quote=tibuan]The government wont do anything bad for his own country. Especially our president today.
pinnaclesecurity.com[/quote]SPAMBOT WARNING!!!
February 19, 2009 at 1:01 AM #350006Participant[quote=tibuan]The government wont do anything bad for his own country. Especially our president today.
pinnaclesecurity.com[/quote]SPAMBOT WARNING!!!
February 19, 2009 at 1:01 AM #350040Participant[quote=tibuan]The government wont do anything bad for his own country. Especially our president today.
pinnaclesecurity.com[/quote]SPAMBOT WARNING!!!
February 19, 2009 at 1:01 AM #350138Participant[quote=tibuan]The government wont do anything bad for his own country. Especially our president today.
pinnaclesecurity.com[/quote]SPAMBOT WARNING!!!
February 24, 2009 at 1:04 AM #353085Anonymous
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