- This topic has 305 replies, 29 voices, and was last updated 16 years, 3 months ago by
Coronita.
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February 15, 2008 at 2:27 PM #154101February 15, 2008 at 2:31 PM #153732
lindismith
ParticipantWho buys a house for 2 years????
I think you were hoping to get rich quick.
February 15, 2008 at 2:31 PM #154004ParticipantWho buys a house for 2 years????
I think you were hoping to get rich quick.
February 15, 2008 at 2:31 PM #154023ParticipantWho buys a house for 2 years????
I think you were hoping to get rich quick.
February 15, 2008 at 2:31 PM #154031ParticipantWho buys a house for 2 years????
I think you were hoping to get rich quick.
February 15, 2008 at 2:31 PM #154106ParticipantWho buys a house for 2 years????
I think you were hoping to get rich quick.
February 15, 2008 at 2:32 PM #153737meadandale
Participant“I am in a house that I’ve owned for 3 years now.”
No, you’ve RENTED the house for 3 years at about double the market rental rate once taxes and insurance are included. No money down, no principal payments, no problem.
Classic FB.
February 15, 2008 at 2:32 PM #154009Participant“I am in a house that I’ve owned for 3 years now.”
No, you’ve RENTED the house for 3 years at about double the market rental rate once taxes and insurance are included. No money down, no principal payments, no problem.
Classic FB.
February 15, 2008 at 2:32 PM #154028Participant“I am in a house that I’ve owned for 3 years now.”
No, you’ve RENTED the house for 3 years at about double the market rental rate once taxes and insurance are included. No money down, no principal payments, no problem.
Classic FB.
February 15, 2008 at 2:32 PM #154037Participant“I am in a house that I’ve owned for 3 years now.”
No, you’ve RENTED the house for 3 years at about double the market rental rate once taxes and insurance are included. No money down, no principal payments, no problem.
Classic FB.
February 15, 2008 at 2:32 PM #154111Participant“I am in a house that I’ve owned for 3 years now.”
No, you’ve RENTED the house for 3 years at about double the market rental rate once taxes and insurance are included. No money down, no principal payments, no problem.
Classic FB.
February 15, 2008 at 2:33 PM #153742gn
ParticipantDJNinSD,
If I were you I wouldn’t feel bad about walking away. The mortgage contract essentially said:
– If you make timely payment, you get to keep the house.
– If you don’t, the lender get to foreclose.When you tell the lender: “go ahead, take the house”, you have done nothing wrong. The lender knew the risks when they lended you the money.
In my opinion, in the next few years we will see a tremendous amount of foreclosures. Since foreclosures will be so common, the stigma will be lessened/eliminated.
It’s like divorce. It used to be a big deal in the 80s (in term of the stigma).
February 15, 2008 at 2:33 PM #154014ParticipantDJNinSD,
If I were you I wouldn’t feel bad about walking away. The mortgage contract essentially said:
– If you make timely payment, you get to keep the house.
– If you don’t, the lender get to foreclose.When you tell the lender: “go ahead, take the house”, you have done nothing wrong. The lender knew the risks when they lended you the money.
In my opinion, in the next few years we will see a tremendous amount of foreclosures. Since foreclosures will be so common, the stigma will be lessened/eliminated.
It’s like divorce. It used to be a big deal in the 80s (in term of the stigma).
February 15, 2008 at 2:33 PM #154033ParticipantDJNinSD,
If I were you I wouldn’t feel bad about walking away. The mortgage contract essentially said:
– If you make timely payment, you get to keep the house.
– If you don’t, the lender get to foreclose.When you tell the lender: “go ahead, take the house”, you have done nothing wrong. The lender knew the risks when they lended you the money.
In my opinion, in the next few years we will see a tremendous amount of foreclosures. Since foreclosures will be so common, the stigma will be lessened/eliminated.
It’s like divorce. It used to be a big deal in the 80s (in term of the stigma).
February 15, 2008 at 2:33 PM #154042ParticipantDJNinSD,
If I were you I wouldn’t feel bad about walking away. The mortgage contract essentially said:
– If you make timely payment, you get to keep the house.
– If you don’t, the lender get to foreclose.When you tell the lender: “go ahead, take the house”, you have done nothing wrong. The lender knew the risks when they lended you the money.
In my opinion, in the next few years we will see a tremendous amount of foreclosures. Since foreclosures will be so common, the stigma will be lessened/eliminated.
It’s like divorce. It used to be a big deal in the 80s (in term of the stigma).
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