I’ve actually been surprised at how many people are talking to me about their housing situations.
It comes up in conversation ALL THE TIME in San Marcos because everyone knows that the majority of people are underwater.
I can honestly say I have spoken to many people who are in the process of deciding whether to short sale, loan mod, foreclose, rent it out, buy another house before it forecloses etc.
They do not own 3 million in property. They are families who bought at the wrong time and played the housing lottery. Their arms are resetting, they have the same job they had 3-5 years ago but their payment tripled. They are sad but very matter of fact about it.
I know of two people who tried to get loan mods and the bank wouldn’t talk to them b/c they were still making their payments. So guess what? They both stopped making their payments.
I know of two people who tried to get loan mods and the bank wouldn’t talk to them b/c they were still making their payments. So guess what? They both stopped making their payments.
I know of two people who tried to get loan mods and the bank wouldn’t talk to them b/c they were still making their payments. So guess what? They both stopped making their payments.
I know of two people who tried to get loan mods and the bank wouldn’t talk to them b/c they were still making their payments. So guess what? They both stopped making their payments.
I know of two people who tried to get loan mods and the bank wouldn’t talk to them b/c they were still making their payments. So guess what? They both stopped making their payments.
