My HELOC was just yanked.

[kewp]

I just gotta wonder what all this HELOC reduction/freezing is gonna do to housing.

Dude, think of what its going to do to discretionary spending.

The problem is so many people believed the “RE never goes down” mantra that they thought there was little risk in splurging via a HELOC. Worst case is you have to sell the house, right? Think whats going to happen when folks realize they have to pay all that money back.

Or they lose their job.

[contraman]

KEWP,

You mean to tell me that RE prices can actually go down? Wow….that’s not what my REALTOR said last year……haha..

Second, they won’t have to pay anything back…they win both ways……deficiency judgments cost too much, take too much time, and then the bank knows they can BK out of it…..

Trust me on this one….it’s all about leverage and what costs the least amount of money to keep the stock price high for the Sovereign Wealth Fund Investors……

Sincerely, Contraman

[contraman]

KEWP,

You mean to tell me that RE prices can actually go down? Wow….that’s not what my REALTOR said last year……haha..

Second, they won’t have to pay anything back…they win both ways……deficiency judgments cost too much, take too much time, and then the bank knows they can BK out of it…..

Trust me on this one….it’s all about leverage and what costs the least amount of money to keep the stock price high for the Sovereign Wealth Fund Investors……

Sincerely, Contraman

[contraman]

KEWP,

You mean to tell me that RE prices can actually go down? Wow….that’s not what my REALTOR said last year……haha..

Second, they won’t have to pay anything back…they win both ways……deficiency judgments cost too much, take too much time, and then the bank knows they can BK out of it…..

Trust me on this one….it’s all about leverage and what costs the least amount of money to keep the stock price high for the Sovereign Wealth Fund Investors……

Sincerely, Contraman

[contraman]

KEWP,

You mean to tell me that RE prices can actually go down? Wow….that’s not what my REALTOR said last year……haha..

Second, they won’t have to pay anything back…they win both ways……deficiency judgments cost too much, take too much time, and then the bank knows they can BK out of it…..

Trust me on this one….it’s all about leverage and what costs the least amount of money to keep the stock price high for the Sovereign Wealth Fund Investors……

Sincerely, Contraman

[contraman]

KEWP,

You mean to tell me that RE prices can actually go down? Wow….that’s not what my REALTOR said last year……haha..

Second, they won’t have to pay anything back…they win both ways……deficiency judgments cost too much, take too much time, and then the bank knows they can BK out of it…..

Trust me on this one….it’s all about leverage and what costs the least amount of money to keep the stock price high for the Sovereign Wealth Fund Investors……

Sincerely, Contraman

[kewp]

I wouldn’t be so sure. Thanks to Bush bankruptcy ain’t what it used to be and there are plenty of debt vultures out there that will buy up the bad debt and enforce collection.

Also, with home values sinking like a rock, the whole idea of a HELOC may become archaic.

[kewp]

I wouldn’t be so sure. Thanks to Bush bankruptcy ain’t what it used to be and there are plenty of debt vultures out there that will buy up the bad debt and enforce collection.

Also, with home values sinking like a rock, the whole idea of a HELOC may become archaic.

[kewp]

I wouldn’t be so sure. Thanks to Bush bankruptcy ain’t what it used to be and there are plenty of debt vultures out there that will buy up the bad debt and enforce collection.

Also, with home values sinking like a rock, the whole idea of a HELOC may become archaic.

[kewp]

I wouldn’t be so sure. Thanks to Bush bankruptcy ain’t what it used to be and there are plenty of debt vultures out there that will buy up the bad debt and enforce collection.

Also, with home values sinking like a rock, the whole idea of a HELOC may become archaic.

[kewp]

I wouldn’t be so sure. Thanks to Bush bankruptcy ain’t what it used to be and there are plenty of debt vultures out there that will buy up the bad debt and enforce collection.

Also, with home values sinking like a rock, the whole idea of a HELOC may become archaic.

[contraman]

Kewp,

I help people with these situations all the time. If the bank chooses a certain type of foreclosure it waives the right to go to court for a deficiency judgment at a later time. No one can buy this and collect on it…..

I know we hate to hear this, but it’s the way it is in the REAL world.

The new BK laws just have a little tougher screening process and that’s about it….other than that it’s just as easy to BK. These things are propagated to the masses that never take the time to look over the REAL changes if any.

It has worked on you and probably many others that are considering BK but remember that “It’s harder now” and therefore don’t pull the trigger. It is effective propaganda in that it makes you think a certain way and then act a certain way…

The govt does this all the time to the masses to deter their behavior. Have you tried reading through the new laws concerning increasing loan limits…hahahahhaahahahhaa..good luck understanding that spider web of confusion…..might want to grab a bottle of your favorite for that read…..

Sincerely, Contraman

[contraman]

Kewp,

I help people with these situations all the time. If the bank chooses a certain type of foreclosure it waives the right to go to court for a deficiency judgment at a later time. No one can buy this and collect on it…..

I know we hate to hear this, but it’s the way it is in the REAL world.

The new BK laws just have a little tougher screening process and that’s about it….other than that it’s just as easy to BK. These things are propagated to the masses that never take the time to look over the REAL changes if any.

It has worked on you and probably many others that are considering BK but remember that “It’s harder now” and therefore don’t pull the trigger. It is effective propaganda in that it makes you think a certain way and then act a certain way…

The govt does this all the time to the masses to deter their behavior. Have you tried reading through the new laws concerning increasing loan limits…hahahahhaahahahhaa..good luck understanding that spider web of confusion…..might want to grab a bottle of your favorite for that read…..

Sincerely, Contraman

[contraman]

Kewp,

I help people with these situations all the time. If the bank chooses a certain type of foreclosure it waives the right to go to court for a deficiency judgment at a later time. No one can buy this and collect on it…..

I know we hate to hear this, but it’s the way it is in the REAL world.

The new BK laws just have a little tougher screening process and that’s about it….other than that it’s just as easy to BK. These things are propagated to the masses that never take the time to look over the REAL changes if any.

It has worked on you and probably many others that are considering BK but remember that “It’s harder now” and therefore don’t pull the trigger. It is effective propaganda in that it makes you think a certain way and then act a certain way…

The govt does this all the time to the masses to deter their behavior. Have you tried reading through the new laws concerning increasing loan limits…hahahahhaahahahhaa..good luck understanding that spider web of confusion…..might want to grab a bottle of your favorite for that read…..

Sincerely, Contraman

[contraman]

Kewp,

I help people with these situations all the time. If the bank chooses a certain type of foreclosure it waives the right to go to court for a deficiency judgment at a later time. No one can buy this and collect on it…..

I know we hate to hear this, but it’s the way it is in the REAL world.

The new BK laws just have a little tougher screening process and that’s about it….other than that it’s just as easy to BK. These things are propagated to the masses that never take the time to look over the REAL changes if any.

It has worked on you and probably many others that are considering BK but remember that “It’s harder now” and therefore don’t pull the trigger. It is effective propaganda in that it makes you think a certain way and then act a certain way…

The govt does this all the time to the masses to deter their behavior. Have you tried reading through the new laws concerning increasing loan limits…hahahahhaahahahhaa..good luck understanding that spider web of confusion…..might want to grab a bottle of your favorite for that read…..

Sincerely, Contraman

[Author]

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