- This topic has 148 replies, 25 voices, and was last updated 18 years ago by
unbiasedobserver.
-
AuthorPosts
-
November 9, 2007 at 1:29 PM #97898November 9, 2007 at 1:29 PM #97905
justbought
Participantcash out and go bankrupt
November 9, 2007 at 1:43 PM #97827jimmyle
ParticipantMy wife’s coworker and his realtor wife refinanced their house and bought three new houses in 2005 (two in Chula Vista and one in Temecula). This guy retired from the Navy civilian job in 2006. Now he is back to work as a temperary employee for the Navy (while receiving his pension) to keep up with the four mortgages.
November 9, 2007 at 1:43 PM #97894jimmyle
ParticipantMy wife’s coworker and his realtor wife refinanced their house and bought three new houses in 2005 (two in Chula Vista and one in Temecula). This guy retired from the Navy civilian job in 2006. Now he is back to work as a temperary employee for the Navy (while receiving his pension) to keep up with the four mortgages.
November 9, 2007 at 1:43 PM #97900jimmyle
ParticipantMy wife’s coworker and his realtor wife refinanced their house and bought three new houses in 2005 (two in Chula Vista and one in Temecula). This guy retired from the Navy civilian job in 2006. Now he is back to work as a temperary employee for the Navy (while receiving his pension) to keep up with the four mortgages.
November 9, 2007 at 1:43 PM #97908jimmyle
ParticipantMy wife’s coworker and his realtor wife refinanced their house and bought three new houses in 2005 (two in Chula Vista and one in Temecula). This guy retired from the Navy civilian job in 2006. Now he is back to work as a temperary employee for the Navy (while receiving his pension) to keep up with the four mortgages.
November 9, 2007 at 1:44 PM #97833Raybyrnes
ParticipantWhy would you use anything other than CC? Money in the bank, he can make payments. He is buying time. Additionally as his credit is still good he can get good rates on the CC’s.
Worst case scenario is that he go BK and theis is forgiven.
Best case is that he rides it out and things turn in time for him to sell property at a profit and pay the cc off.
November 9, 2007 at 1:44 PM #97896Raybyrnes
ParticipantWhy would you use anything other than CC? Money in the bank, he can make payments. He is buying time. Additionally as his credit is still good he can get good rates on the CC’s.
Worst case scenario is that he go BK and theis is forgiven.
Best case is that he rides it out and things turn in time for him to sell property at a profit and pay the cc off.
November 9, 2007 at 1:44 PM #97904Raybyrnes
ParticipantWhy would you use anything other than CC? Money in the bank, he can make payments. He is buying time. Additionally as his credit is still good he can get good rates on the CC’s.
Worst case scenario is that he go BK and theis is forgiven.
Best case is that he rides it out and things turn in time for him to sell property at a profit and pay the cc off.
November 9, 2007 at 1:44 PM #97914Raybyrnes
ParticipantWhy would you use anything other than CC? Money in the bank, he can make payments. He is buying time. Additionally as his credit is still good he can get good rates on the CC’s.
Worst case scenario is that he go BK and theis is forgiven.
Best case is that he rides it out and things turn in time for him to sell property at a profit and pay the cc off.
November 9, 2007 at 2:02 PM #97837lendingbubblecontinues
ParticipantYour friend sounds like a real dumbass.
November 9, 2007 at 2:02 PM #97902lendingbubblecontinues
ParticipantYour friend sounds like a real dumbass.
November 9, 2007 at 2:02 PM #97909lendingbubblecontinues
ParticipantYour friend sounds like a real dumbass.
November 9, 2007 at 2:02 PM #97918lendingbubblecontinues
ParticipantYour friend sounds like a real dumbass.
November 9, 2007 at 2:07 PM #97845surveyor
ParticipantOwwie
I would say that the day he gives up and starts selling his properties just to get rid of them is probably when you can call “bottom”.
-
AuthorPosts
- You must be logged in to reply to this topic.
