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February 19, 2010 at 3:57 PM #516199February 19, 2010 at 3:59 PM #515306CBadParticipant
[quote=svelte]
Had they shrugged their shoulders, said we made a mistake, and moved to a rental without waiting until the sherrif showed up, you (the kid) would not have been the wiser.[/quote]I really think you’re assuming too much here. Moving into a rental would have been no big deal but assumes one has the funds, ability, and steady cash flow. What if the next step is homelessness? You’re painting a picture of a best case scenario foreclosure I guess. It’s true that the reaction is more of the issue but it’s also true that many times when there is a foreclosure, there are a whole ton of other things going on as well that led to it. You’re discounting things like divorce, death, abandonment, job loss, medical issues, legal issues, etc. It’s not like the matter is always as simple as going from owning to renting and involves people who are just bad with money.
February 19, 2010 at 3:59 PM #515448CBadParticipant[quote=svelte]
Had they shrugged their shoulders, said we made a mistake, and moved to a rental without waiting until the sherrif showed up, you (the kid) would not have been the wiser.[/quote]I really think you’re assuming too much here. Moving into a rental would have been no big deal but assumes one has the funds, ability, and steady cash flow. What if the next step is homelessness? You’re painting a picture of a best case scenario foreclosure I guess. It’s true that the reaction is more of the issue but it’s also true that many times when there is a foreclosure, there are a whole ton of other things going on as well that led to it. You’re discounting things like divorce, death, abandonment, job loss, medical issues, legal issues, etc. It’s not like the matter is always as simple as going from owning to renting and involves people who are just bad with money.
February 19, 2010 at 3:59 PM #515868CBadParticipant[quote=svelte]
Had they shrugged their shoulders, said we made a mistake, and moved to a rental without waiting until the sherrif showed up, you (the kid) would not have been the wiser.[/quote]I really think you’re assuming too much here. Moving into a rental would have been no big deal but assumes one has the funds, ability, and steady cash flow. What if the next step is homelessness? You’re painting a picture of a best case scenario foreclosure I guess. It’s true that the reaction is more of the issue but it’s also true that many times when there is a foreclosure, there are a whole ton of other things going on as well that led to it. You’re discounting things like divorce, death, abandonment, job loss, medical issues, legal issues, etc. It’s not like the matter is always as simple as going from owning to renting and involves people who are just bad with money.
February 19, 2010 at 3:59 PM #515960CBadParticipant[quote=svelte]
Had they shrugged their shoulders, said we made a mistake, and moved to a rental without waiting until the sherrif showed up, you (the kid) would not have been the wiser.[/quote]I really think you’re assuming too much here. Moving into a rental would have been no big deal but assumes one has the funds, ability, and steady cash flow. What if the next step is homelessness? You’re painting a picture of a best case scenario foreclosure I guess. It’s true that the reaction is more of the issue but it’s also true that many times when there is a foreclosure, there are a whole ton of other things going on as well that led to it. You’re discounting things like divorce, death, abandonment, job loss, medical issues, legal issues, etc. It’s not like the matter is always as simple as going from owning to renting and involves people who are just bad with money.
February 19, 2010 at 3:59 PM #516209CBadParticipant[quote=svelte]
Had they shrugged their shoulders, said we made a mistake, and moved to a rental without waiting until the sherrif showed up, you (the kid) would not have been the wiser.[/quote]I really think you’re assuming too much here. Moving into a rental would have been no big deal but assumes one has the funds, ability, and steady cash flow. What if the next step is homelessness? You’re painting a picture of a best case scenario foreclosure I guess. It’s true that the reaction is more of the issue but it’s also true that many times when there is a foreclosure, there are a whole ton of other things going on as well that led to it. You’re discounting things like divorce, death, abandonment, job loss, medical issues, legal issues, etc. It’s not like the matter is always as simple as going from owning to renting and involves people who are just bad with money.
February 19, 2010 at 7:51 PM #515379OxfordParticipantMy foreclosure tells a story of the previous owners. It is sad and enlightening of how they lived, how they treated their dogs, their lack of respect for neighbors and complete lack of money management skills.
They were young and inherited money and refinanced and spent as long as money was in the bank. Until it wasn’t. The decline was swift and painful and their reaction was panic filled.
My hippy girlfriend did some “space clearing” but I can sometimes feel the negative energy of their final days.
I don’t want anything to do with them.
OX
…REO exorcistFebruary 19, 2010 at 7:51 PM #515521OxfordParticipantMy foreclosure tells a story of the previous owners. It is sad and enlightening of how they lived, how they treated their dogs, their lack of respect for neighbors and complete lack of money management skills.
They were young and inherited money and refinanced and spent as long as money was in the bank. Until it wasn’t. The decline was swift and painful and their reaction was panic filled.
My hippy girlfriend did some “space clearing” but I can sometimes feel the negative energy of their final days.
I don’t want anything to do with them.
OX
…REO exorcistFebruary 19, 2010 at 7:51 PM #515942OxfordParticipantMy foreclosure tells a story of the previous owners. It is sad and enlightening of how they lived, how they treated their dogs, their lack of respect for neighbors and complete lack of money management skills.
They were young and inherited money and refinanced and spent as long as money was in the bank. Until it wasn’t. The decline was swift and painful and their reaction was panic filled.
My hippy girlfriend did some “space clearing” but I can sometimes feel the negative energy of their final days.
I don’t want anything to do with them.
OX
…REO exorcistFebruary 19, 2010 at 7:51 PM #516034OxfordParticipantMy foreclosure tells a story of the previous owners. It is sad and enlightening of how they lived, how they treated their dogs, their lack of respect for neighbors and complete lack of money management skills.
They were young and inherited money and refinanced and spent as long as money was in the bank. Until it wasn’t. The decline was swift and painful and their reaction was panic filled.
My hippy girlfriend did some “space clearing” but I can sometimes feel the negative energy of their final days.
I don’t want anything to do with them.
OX
…REO exorcistFebruary 19, 2010 at 7:51 PM #516284OxfordParticipantMy foreclosure tells a story of the previous owners. It is sad and enlightening of how they lived, how they treated their dogs, their lack of respect for neighbors and complete lack of money management skills.
They were young and inherited money and refinanced and spent as long as money was in the bank. Until it wasn’t. The decline was swift and painful and their reaction was panic filled.
My hippy girlfriend did some “space clearing” but I can sometimes feel the negative energy of their final days.
I don’t want anything to do with them.
OX
…REO exorcistFebruary 19, 2010 at 8:30 PM #515389svelteParticipant[quote=CBad][quote=svelte]
Had they shrugged their shoulders, said we made a mistake, and moved to a rental without waiting until the sherrif showed up, you (the kid) would not have been the wiser.[/quote]I really think you’re assuming too much here. Moving into a rental would have been no big deal but assumes one has the funds, ability, and steady cash flow. What if the next step is homelessness? You’re painting a picture of a best case scenario foreclosure I guess. It’s true that the reaction is more of the issue but it’s also true that many times when there is a foreclosure, there are a whole ton of other things going on as well that led to it. You’re discounting things like divorce, death, abandonment, job loss, medical issues, legal issues, etc. It’s not like the matter is always as simple as going from owning to renting and involves people who are just bad with money.[/quote]
Exactly my point – it is not the foreclosure that is painful… there are so many things in life so much worse than failing to make payments on a loan.
What you are saying is that real pain is actually divorce, the death, etc. and I couldn’t agree more.
I think you were the one making an assumption that a foreclosure means that there was a divorce, a death, etc. Maybe there was in your case, but I think if you look around today, most of the foreclosures are due to financial miscalculations (interest only loans, thinking they had to buy before being priced out, just deciding that they are underwater and don’t want to make payments on a depreciating asset, etc).
February 19, 2010 at 8:30 PM #515530svelteParticipant[quote=CBad][quote=svelte]
Had they shrugged their shoulders, said we made a mistake, and moved to a rental without waiting until the sherrif showed up, you (the kid) would not have been the wiser.[/quote]I really think you’re assuming too much here. Moving into a rental would have been no big deal but assumes one has the funds, ability, and steady cash flow. What if the next step is homelessness? You’re painting a picture of a best case scenario foreclosure I guess. It’s true that the reaction is more of the issue but it’s also true that many times when there is a foreclosure, there are a whole ton of other things going on as well that led to it. You’re discounting things like divorce, death, abandonment, job loss, medical issues, legal issues, etc. It’s not like the matter is always as simple as going from owning to renting and involves people who are just bad with money.[/quote]
Exactly my point – it is not the foreclosure that is painful… there are so many things in life so much worse than failing to make payments on a loan.
What you are saying is that real pain is actually divorce, the death, etc. and I couldn’t agree more.
I think you were the one making an assumption that a foreclosure means that there was a divorce, a death, etc. Maybe there was in your case, but I think if you look around today, most of the foreclosures are due to financial miscalculations (interest only loans, thinking they had to buy before being priced out, just deciding that they are underwater and don’t want to make payments on a depreciating asset, etc).
February 19, 2010 at 8:30 PM #515952svelteParticipant[quote=CBad][quote=svelte]
Had they shrugged their shoulders, said we made a mistake, and moved to a rental without waiting until the sherrif showed up, you (the kid) would not have been the wiser.[/quote]I really think you’re assuming too much here. Moving into a rental would have been no big deal but assumes one has the funds, ability, and steady cash flow. What if the next step is homelessness? You’re painting a picture of a best case scenario foreclosure I guess. It’s true that the reaction is more of the issue but it’s also true that many times when there is a foreclosure, there are a whole ton of other things going on as well that led to it. You’re discounting things like divorce, death, abandonment, job loss, medical issues, legal issues, etc. It’s not like the matter is always as simple as going from owning to renting and involves people who are just bad with money.[/quote]
Exactly my point – it is not the foreclosure that is painful… there are so many things in life so much worse than failing to make payments on a loan.
What you are saying is that real pain is actually divorce, the death, etc. and I couldn’t agree more.
I think you were the one making an assumption that a foreclosure means that there was a divorce, a death, etc. Maybe there was in your case, but I think if you look around today, most of the foreclosures are due to financial miscalculations (interest only loans, thinking they had to buy before being priced out, just deciding that they are underwater and don’t want to make payments on a depreciating asset, etc).
February 19, 2010 at 8:30 PM #516044svelteParticipant[quote=CBad][quote=svelte]
Had they shrugged their shoulders, said we made a mistake, and moved to a rental without waiting until the sherrif showed up, you (the kid) would not have been the wiser.[/quote]I really think you’re assuming too much here. Moving into a rental would have been no big deal but assumes one has the funds, ability, and steady cash flow. What if the next step is homelessness? You’re painting a picture of a best case scenario foreclosure I guess. It’s true that the reaction is more of the issue but it’s also true that many times when there is a foreclosure, there are a whole ton of other things going on as well that led to it. You’re discounting things like divorce, death, abandonment, job loss, medical issues, legal issues, etc. It’s not like the matter is always as simple as going from owning to renting and involves people who are just bad with money.[/quote]
Exactly my point – it is not the foreclosure that is painful… there are so many things in life so much worse than failing to make payments on a loan.
What you are saying is that real pain is actually divorce, the death, etc. and I couldn’t agree more.
I think you were the one making an assumption that a foreclosure means that there was a divorce, a death, etc. Maybe there was in your case, but I think if you look around today, most of the foreclosures are due to financial miscalculations (interest only loans, thinking they had to buy before being priced out, just deciding that they are underwater and don’t want to make payments on a depreciating asset, etc).
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