Taking my medicine…

[HLS]

Yep..
I know several dishonest ex-loan originators that are now dishonest loan mod advisors…..

They screwed people on their original loan and are now screwing them by taking money from them for a mod….

People should be thrilled that it’s their family, friends and neighbors that they deal with that got them that free loan to start with and can now offer them a mod!@

[92027_guy]

Hi and thanks for the comments. Well 80% sure I’m doing the BK because of 1099-C and possible legal liability from the seconds. I’ve thought of trying the walk-away and prove insolvency but that seems a risky venture and would have these bad decisions following me for tax years to come. We have no unsecured debt, never did, I had a 780 credit score as of Aug 08 when my RE partner walked away from paying/managing. I accept some blame in that too. I’m not dead set on BK yet and ALL loans are still purchase money, I didn’t do the “ATM” silliness. But with the 3 others bought as rentals and not all in CA I feel I need the protection of BK and just starting fresh. But opinions are welcome.

PatientlyW: I don’t mind sharing my state of mind, but I warn you it’s really hard not to come off like I’m making excuses. Moved to SD when I was single/28 yrs old in mid 2003, got a job and started thinking about the marriage/house thing. Well everywhere I turned prices were rising crazy fast, but I was making 38k a year. So I rented and started caring about “adulthood” stuff, politics, stocks, etc. By then it was 2005 and I knew people that made 100k buying houses and selling in 2 years, so I jumped on the wagon. Wife and I got married and bought in 06 for 550k + with just my name and I was making 65k a year. My biggest reason for buying was the fear that I would be stuck living in 900 sq ft for 1.1 million like I saw in San Fran. I just figured West coast is different, sunshine tax, and buy now or forever be a nomad. I was way wrong. Probably more then you wanted to know.

Loan mods: I paid Green Credit Solutions, mostly on advice from Mr. Mortgage and it’s forums. They tried but I just had too much debt with rentals I guess. I did have the actual investor on my primary loan mod it to 3.8 for 5 years, but they tacked arrears onto principal, and it is a fixer so am I going to hope the market comes back to 600k+ so I can sink 30k into kitchen my wife now hates? Nope it’s save for a while, see how CA tax situation/water rationing/Obama plan etc works out then make the call to leave or stay.

Thanks have a good night…

[92027_guy]

Hi and thanks for the comments. Well 80% sure I’m doing the BK because of 1099-C and possible legal liability from the seconds. I’ve thought of trying the walk-away and prove insolvency but that seems a risky venture and would have these bad decisions following me for tax years to come. We have no unsecured debt, never did, I had a 780 credit score as of Aug 08 when my RE partner walked away from paying/managing. I accept some blame in that too. I’m not dead set on BK yet and ALL loans are still purchase money, I didn’t do the “ATM” silliness. But with the 3 others bought as rentals and not all in CA I feel I need the protection of BK and just starting fresh. But opinions are welcome.

PatientlyW: I don’t mind sharing my state of mind, but I warn you it’s really hard not to come off like I’m making excuses. Moved to SD when I was single/28 yrs old in mid 2003, got a job and started thinking about the marriage/house thing. Well everywhere I turned prices were rising crazy fast, but I was making 38k a year. So I rented and started caring about “adulthood” stuff, politics, stocks, etc. By then it was 2005 and I knew people that made 100k buying houses and selling in 2 years, so I jumped on the wagon. Wife and I got married and bought in 06 for 550k + with just my name and I was making 65k a year. My biggest reason for buying was the fear that I would be stuck living in 900 sq ft for 1.1 million like I saw in San Fran. I just figured West coast is different, sunshine tax, and buy now or forever be a nomad. I was way wrong. Probably more then you wanted to know.

Loan mods: I paid Green Credit Solutions, mostly on advice from Mr. Mortgage and it’s forums. They tried but I just had too much debt with rentals I guess. I did have the actual investor on my primary loan mod it to 3.8 for 5 years, but they tacked arrears onto principal, and it is a fixer so am I going to hope the market comes back to 600k+ so I can sink 30k into kitchen my wife now hates? Nope it’s save for a while, see how CA tax situation/water rationing/Obama plan etc works out then make the call to leave or stay.

Thanks have a good night…

[92027_guy]

Hi and thanks for the comments. Well 80% sure I’m doing the BK because of 1099-C and possible legal liability from the seconds. I’ve thought of trying the walk-away and prove insolvency but that seems a risky venture and would have these bad decisions following me for tax years to come. We have no unsecured debt, never did, I had a 780 credit score as of Aug 08 when my RE partner walked away from paying/managing. I accept some blame in that too. I’m not dead set on BK yet and ALL loans are still purchase money, I didn’t do the “ATM” silliness. But with the 3 others bought as rentals and not all in CA I feel I need the protection of BK and just starting fresh. But opinions are welcome.

PatientlyW: I don’t mind sharing my state of mind, but I warn you it’s really hard not to come off like I’m making excuses. Moved to SD when I was single/28 yrs old in mid 2003, got a job and started thinking about the marriage/house thing. Well everywhere I turned prices were rising crazy fast, but I was making 38k a year. So I rented and started caring about “adulthood” stuff, politics, stocks, etc. By then it was 2005 and I knew people that made 100k buying houses and selling in 2 years, so I jumped on the wagon. Wife and I got married and bought in 06 for 550k + with just my name and I was making 65k a year. My biggest reason for buying was the fear that I would be stuck living in 900 sq ft for 1.1 million like I saw in San Fran. I just figured West coast is different, sunshine tax, and buy now or forever be a nomad. I was way wrong. Probably more then you wanted to know.

Loan mods: I paid Green Credit Solutions, mostly on advice from Mr. Mortgage and it’s forums. They tried but I just had too much debt with rentals I guess. I did have the actual investor on my primary loan mod it to 3.8 for 5 years, but they tacked arrears onto principal, and it is a fixer so am I going to hope the market comes back to 600k+ so I can sink 30k into kitchen my wife now hates? Nope it’s save for a while, see how CA tax situation/water rationing/Obama plan etc works out then make the call to leave or stay.

Thanks have a good night…

[92027_guy]

Hi and thanks for the comments. Well 80% sure I’m doing the BK because of 1099-C and possible legal liability from the seconds. I’ve thought of trying the walk-away and prove insolvency but that seems a risky venture and would have these bad decisions following me for tax years to come. We have no unsecured debt, never did, I had a 780 credit score as of Aug 08 when my RE partner walked away from paying/managing. I accept some blame in that too. I’m not dead set on BK yet and ALL loans are still purchase money, I didn’t do the “ATM” silliness. But with the 3 others bought as rentals and not all in CA I feel I need the protection of BK and just starting fresh. But opinions are welcome.

PatientlyW: I don’t mind sharing my state of mind, but I warn you it’s really hard not to come off like I’m making excuses. Moved to SD when I was single/28 yrs old in mid 2003, got a job and started thinking about the marriage/house thing. Well everywhere I turned prices were rising crazy fast, but I was making 38k a year. So I rented and started caring about “adulthood” stuff, politics, stocks, etc. By then it was 2005 and I knew people that made 100k buying houses and selling in 2 years, so I jumped on the wagon. Wife and I got married and bought in 06 for 550k + with just my name and I was making 65k a year. My biggest reason for buying was the fear that I would be stuck living in 900 sq ft for 1.1 million like I saw in San Fran. I just figured West coast is different, sunshine tax, and buy now or forever be a nomad. I was way wrong. Probably more then you wanted to know.

Loan mods: I paid Green Credit Solutions, mostly on advice from Mr. Mortgage and it’s forums. They tried but I just had too much debt with rentals I guess. I did have the actual investor on my primary loan mod it to 3.8 for 5 years, but they tacked arrears onto principal, and it is a fixer so am I going to hope the market comes back to 600k+ so I can sink 30k into kitchen my wife now hates? Nope it’s save for a while, see how CA tax situation/water rationing/Obama plan etc works out then make the call to leave or stay.

Thanks have a good night…

[92027_guy]

Hi and thanks for the comments. Well 80% sure I’m doing the BK because of 1099-C and possible legal liability from the seconds. I’ve thought of trying the walk-away and prove insolvency but that seems a risky venture and would have these bad decisions following me for tax years to come. We have no unsecured debt, never did, I had a 780 credit score as of Aug 08 when my RE partner walked away from paying/managing. I accept some blame in that too. I’m not dead set on BK yet and ALL loans are still purchase money, I didn’t do the “ATM” silliness. But with the 3 others bought as rentals and not all in CA I feel I need the protection of BK and just starting fresh. But opinions are welcome.

PatientlyW: I don’t mind sharing my state of mind, but I warn you it’s really hard not to come off like I’m making excuses. Moved to SD when I was single/28 yrs old in mid 2003, got a job and started thinking about the marriage/house thing. Well everywhere I turned prices were rising crazy fast, but I was making 38k a year. So I rented and started caring about “adulthood” stuff, politics, stocks, etc. By then it was 2005 and I knew people that made 100k buying houses and selling in 2 years, so I jumped on the wagon. Wife and I got married and bought in 06 for 550k + with just my name and I was making 65k a year. My biggest reason for buying was the fear that I would be stuck living in 900 sq ft for 1.1 million like I saw in San Fran. I just figured West coast is different, sunshine tax, and buy now or forever be a nomad. I was way wrong. Probably more then you wanted to know.

Loan mods: I paid Green Credit Solutions, mostly on advice from Mr. Mortgage and it’s forums. They tried but I just had too much debt with rentals I guess. I did have the actual investor on my primary loan mod it to 3.8 for 5 years, but they tacked arrears onto principal, and it is a fixer so am I going to hope the market comes back to 600k+ so I can sink 30k into kitchen my wife now hates? Nope it’s save for a while, see how CA tax situation/water rationing/Obama plan etc works out then make the call to leave or stay.

Thanks have a good night…

[paramount]

First of all, I believe at some point you will have to forgive yourself. If you don’t, it will probably kill you.

It sounds like a fresh start is what you need; although there is strong evidence that people who have gotten in financial trouble in the past will do it again.

[paramount]

First of all, I believe at some point you will have to forgive yourself. If you don’t, it will probably kill you.

It sounds like a fresh start is what you need; although there is strong evidence that people who have gotten in financial trouble in the past will do it again.

[paramount]

First of all, I believe at some point you will have to forgive yourself. If you don’t, it will probably kill you.

It sounds like a fresh start is what you need; although there is strong evidence that people who have gotten in financial trouble in the past will do it again.

[paramount]

First of all, I believe at some point you will have to forgive yourself. If you don’t, it will probably kill you.

It sounds like a fresh start is what you need; although there is strong evidence that people who have gotten in financial trouble in the past will do it again.

[paramount]

First of all, I believe at some point you will have to forgive yourself. If you don’t, it will probably kill you.

It sounds like a fresh start is what you need; although there is strong evidence that people who have gotten in financial trouble in the past will do it again.

[EconProf]

Congrats for baring your soul and facing up to your predicament. Once you go on a largely cash basis with little or no CC use you will develop frugal habits that should stay with you. Look to the long term, this could be the best thing to happen to your lifetime financial picture.

[EconProf]

Congrats for baring your soul and facing up to your predicament. Once you go on a largely cash basis with little or no CC use you will develop frugal habits that should stay with you. Look to the long term, this could be the best thing to happen to your lifetime financial picture.

[EconProf]

Congrats for baring your soul and facing up to your predicament. Once you go on a largely cash basis with little or no CC use you will develop frugal habits that should stay with you. Look to the long term, this could be the best thing to happen to your lifetime financial picture.

[EconProf]

Congrats for baring your soul and facing up to your predicament. Once you go on a largely cash basis with little or no CC use you will develop frugal habits that should stay with you. Look to the long term, this could be the best thing to happen to your lifetime financial picture.

[Author]

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