- This topic has 615 replies, 27 voices, and was last updated 13 years, 8 months ago by
saiine.
-
AuthorPosts
-
March 7, 2011 at 12:49 PM #675598March 7, 2011 at 12:59 PM #674468
sdrealtor
ParticipantExactly and that cost can be very high. I just remebered that I actually did a short sale for a doctor. He was a Navy flight surgeon with no school debt working at Balboa. He bought a house with an incredible view in South Park. He put 10% down, spent about $50K of his own money fixing it up the and then got sent over seas for the next 3 to 5 years where his kids will grow up away from their cousins and grandparents. He couldnt stay even though he loved the house because the military sent him overseas. He didnt qualify for HAP program and had to do a short sale. Had he paid for his own schooling his income would be a couple hundred K higher than it is, he could have stayed in a house he loved, his kids would be growing up around family instead of strangers in a foreign country and his wife cant work there either (she is a highly skilled medical progfessional but not in the military) so they will struggle to pay her school debt also. Just another case where your join the military, see the world, get a free education put someone in a much worse way than if they had just aken out some loans and done it the other way.
FYI my friend was on the cover of Newsweek not Time magazine and here is a link to a picture of him. His face is probably burned in the minds of many of you.
March 7, 2011 at 12:59 PM #674525ParticipantExactly and that cost can be very high. I just remebered that I actually did a short sale for a doctor. He was a Navy flight surgeon with no school debt working at Balboa. He bought a house with an incredible view in South Park. He put 10% down, spent about $50K of his own money fixing it up the and then got sent over seas for the next 3 to 5 years where his kids will grow up away from their cousins and grandparents. He couldnt stay even though he loved the house because the military sent him overseas. He didnt qualify for HAP program and had to do a short sale. Had he paid for his own schooling his income would be a couple hundred K higher than it is, he could have stayed in a house he loved, his kids would be growing up around family instead of strangers in a foreign country and his wife cant work there either (she is a highly skilled medical progfessional but not in the military) so they will struggle to pay her school debt also. Just another case where your join the military, see the world, get a free education put someone in a much worse way than if they had just aken out some loans and done it the other way.
FYI my friend was on the cover of Newsweek not Time magazine and here is a link to a picture of him. His face is probably burned in the minds of many of you.
March 7, 2011 at 12:59 PM #675138ParticipantExactly and that cost can be very high. I just remebered that I actually did a short sale for a doctor. He was a Navy flight surgeon with no school debt working at Balboa. He bought a house with an incredible view in South Park. He put 10% down, spent about $50K of his own money fixing it up the and then got sent over seas for the next 3 to 5 years where his kids will grow up away from their cousins and grandparents. He couldnt stay even though he loved the house because the military sent him overseas. He didnt qualify for HAP program and had to do a short sale. Had he paid for his own schooling his income would be a couple hundred K higher than it is, he could have stayed in a house he loved, his kids would be growing up around family instead of strangers in a foreign country and his wife cant work there either (she is a highly skilled medical progfessional but not in the military) so they will struggle to pay her school debt also. Just another case where your join the military, see the world, get a free education put someone in a much worse way than if they had just aken out some loans and done it the other way.
FYI my friend was on the cover of Newsweek not Time magazine and here is a link to a picture of him. His face is probably burned in the minds of many of you.
March 7, 2011 at 12:59 PM #675275ParticipantExactly and that cost can be very high. I just remebered that I actually did a short sale for a doctor. He was a Navy flight surgeon with no school debt working at Balboa. He bought a house with an incredible view in South Park. He put 10% down, spent about $50K of his own money fixing it up the and then got sent over seas for the next 3 to 5 years where his kids will grow up away from their cousins and grandparents. He couldnt stay even though he loved the house because the military sent him overseas. He didnt qualify for HAP program and had to do a short sale. Had he paid for his own schooling his income would be a couple hundred K higher than it is, he could have stayed in a house he loved, his kids would be growing up around family instead of strangers in a foreign country and his wife cant work there either (she is a highly skilled medical progfessional but not in the military) so they will struggle to pay her school debt also. Just another case where your join the military, see the world, get a free education put someone in a much worse way than if they had just aken out some loans and done it the other way.
FYI my friend was on the cover of Newsweek not Time magazine and here is a link to a picture of him. His face is probably burned in the minds of many of you.
March 7, 2011 at 12:59 PM #675623ParticipantExactly and that cost can be very high. I just remebered that I actually did a short sale for a doctor. He was a Navy flight surgeon with no school debt working at Balboa. He bought a house with an incredible view in South Park. He put 10% down, spent about $50K of his own money fixing it up the and then got sent over seas for the next 3 to 5 years where his kids will grow up away from their cousins and grandparents. He couldnt stay even though he loved the house because the military sent him overseas. He didnt qualify for HAP program and had to do a short sale. Had he paid for his own schooling his income would be a couple hundred K higher than it is, he could have stayed in a house he loved, his kids would be growing up around family instead of strangers in a foreign country and his wife cant work there either (she is a highly skilled medical progfessional but not in the military) so they will struggle to pay her school debt also. Just another case where your join the military, see the world, get a free education put someone in a much worse way than if they had just aken out some loans and done it the other way.
FYI my friend was on the cover of Newsweek not Time magazine and here is a link to a picture of him. His face is probably burned in the minds of many of you.
March 7, 2011 at 1:08 PM #674473bearishgurl
Participant[quote=sdrealtor]Exactly and that cost can be very high. I just remebered that I actually did a short sale for a doctor. He was a Navy flight surgeon with no school debt working at Balboa. He bought a house with an incredible view in South Park. He put 10% down, spent about $50K of his own money fixing it up the and then got sent over seas for the next 3 to 5 years where his kids will grow up away from their cousins and grandparents. . . [/quote]
Why couldn’t this Navy doctor and spouse rent out their nice South Park home while they were gone and save their credit report from a derogatory “short-sale” mark? Lots of military families do this. And why did they purchase it and then spend money fixing it up if they KNEW they would be subject to change-of-station orders? How long did they actually own the property? Somebody made some bad decisions or was a bubble-purchaser, or both.
March 7, 2011 at 1:08 PM #674530Participant[quote=sdrealtor]Exactly and that cost can be very high. I just remebered that I actually did a short sale for a doctor. He was a Navy flight surgeon with no school debt working at Balboa. He bought a house with an incredible view in South Park. He put 10% down, spent about $50K of his own money fixing it up the and then got sent over seas for the next 3 to 5 years where his kids will grow up away from their cousins and grandparents. . . [/quote]
Why couldn’t this Navy doctor and spouse rent out their nice South Park home while they were gone and save their credit report from a derogatory “short-sale” mark? Lots of military families do this. And why did they purchase it and then spend money fixing it up if they KNEW they would be subject to change-of-station orders? How long did they actually own the property? Somebody made some bad decisions or was a bubble-purchaser, or both.
March 7, 2011 at 1:08 PM #675143Participant[quote=sdrealtor]Exactly and that cost can be very high. I just remebered that I actually did a short sale for a doctor. He was a Navy flight surgeon with no school debt working at Balboa. He bought a house with an incredible view in South Park. He put 10% down, spent about $50K of his own money fixing it up the and then got sent over seas for the next 3 to 5 years where his kids will grow up away from their cousins and grandparents. . . [/quote]
Why couldn’t this Navy doctor and spouse rent out their nice South Park home while they were gone and save their credit report from a derogatory “short-sale” mark? Lots of military families do this. And why did they purchase it and then spend money fixing it up if they KNEW they would be subject to change-of-station orders? How long did they actually own the property? Somebody made some bad decisions or was a bubble-purchaser, or both.
March 7, 2011 at 1:08 PM #675280Participant[quote=sdrealtor]Exactly and that cost can be very high. I just remebered that I actually did a short sale for a doctor. He was a Navy flight surgeon with no school debt working at Balboa. He bought a house with an incredible view in South Park. He put 10% down, spent about $50K of his own money fixing it up the and then got sent over seas for the next 3 to 5 years where his kids will grow up away from their cousins and grandparents. . . [/quote]
Why couldn’t this Navy doctor and spouse rent out their nice South Park home while they were gone and save their credit report from a derogatory “short-sale” mark? Lots of military families do this. And why did they purchase it and then spend money fixing it up if they KNEW they would be subject to change-of-station orders? How long did they actually own the property? Somebody made some bad decisions or was a bubble-purchaser, or both.
March 7, 2011 at 1:08 PM #675627Participant[quote=sdrealtor]Exactly and that cost can be very high. I just remebered that I actually did a short sale for a doctor. He was a Navy flight surgeon with no school debt working at Balboa. He bought a house with an incredible view in South Park. He put 10% down, spent about $50K of his own money fixing it up the and then got sent over seas for the next 3 to 5 years where his kids will grow up away from their cousins and grandparents. . . [/quote]
Why couldn’t this Navy doctor and spouse rent out their nice South Park home while they were gone and save their credit report from a derogatory “short-sale” mark? Lots of military families do this. And why did they purchase it and then spend money fixing it up if they KNEW they would be subject to change-of-station orders? How long did they actually own the property? Somebody made some bad decisions or was a bubble-purchaser, or both.
March 7, 2011 at 1:45 PM #674513ParticipantI didnt sell them the house I just fixed their problem. The house was a couple hundred K upside down and would have cost them more than they could afford out of pocket each month to carry the short fall they would get from rent. They also were not set up to be landlords from another country. By the time they get back their credit will be fine and he’ll be able to work in the private sector for real money. Yes they made bad decisions buying the place. We all make bad decisions from time to time. Had he taken on a mountain of student loans he would have been able to deal with those bad decisions.
March 7, 2011 at 1:45 PM #674570ParticipantI didnt sell them the house I just fixed their problem. The house was a couple hundred K upside down and would have cost them more than they could afford out of pocket each month to carry the short fall they would get from rent. They also were not set up to be landlords from another country. By the time they get back their credit will be fine and he’ll be able to work in the private sector for real money. Yes they made bad decisions buying the place. We all make bad decisions from time to time. Had he taken on a mountain of student loans he would have been able to deal with those bad decisions.
March 7, 2011 at 1:45 PM #675184ParticipantI didnt sell them the house I just fixed their problem. The house was a couple hundred K upside down and would have cost them more than they could afford out of pocket each month to carry the short fall they would get from rent. They also were not set up to be landlords from another country. By the time they get back their credit will be fine and he’ll be able to work in the private sector for real money. Yes they made bad decisions buying the place. We all make bad decisions from time to time. Had he taken on a mountain of student loans he would have been able to deal with those bad decisions.
March 7, 2011 at 1:45 PM #675320ParticipantI didnt sell them the house I just fixed their problem. The house was a couple hundred K upside down and would have cost them more than they could afford out of pocket each month to carry the short fall they would get from rent. They also were not set up to be landlords from another country. By the time they get back their credit will be fine and he’ll be able to work in the private sector for real money. Yes they made bad decisions buying the place. We all make bad decisions from time to time. Had he taken on a mountain of student loans he would have been able to deal with those bad decisions.
-
AuthorPosts
- You must be logged in to reply to this topic.