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Deal Hunter.
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February 25, 2008 at 6:51 PM #154325February 25, 2008 at 6:51 PM #154403
jpinpb
ParticipantThis is JMHO.
Costco has a money back guarantee. Except recently instituted electronics, anything you buy at Costco, you can return regardless of how long you’ve had this item. I know someone that returned a vacuum cleaner after a couple of years. People return heaters they purchased in the winter. It is their policy. They want customers to be satisfied.I’m not sure if everyone is familiar w/this. Most people are, especially if they shop at Costco. Some people think it’s wrong to do this, return something. They’ll take your purchase back, even w/out receipt. They just need your card and they have a record of your purchase in the computer.
Now, why is it wrong if it is Costco’s very own policy. They are betting most people won’t return items. But if it’s their policy, then some people take advantage of that. It is an understanding between customer and Costco.
If you enter into a contract w/a bank for a loan to buy the house and they don’t even bother to check if you can even make the payments and lo and behold you can’t, then the bank takes the house which you purchased w/their loan and they have held as collateral.
This should not really be considered wrong. It’s the terms of the contract and the bank agreed to this, as you have.
Sucks for everyone playing by the rules, but that’s how it is. The banks get the shaft. It will be less painful than have the people become mortgage slaves at the expense of taxpayers.
February 25, 2008 at 6:52 PM #159846ParticipantWhy Not Just Walk Away from a Home?
They have made news on NPR:
http://www.npr.org/templates/story/story.php?storyId=19346659February 25, 2008 at 6:52 PM #160142ParticipantWhy Not Just Walk Away from a Home?
They have made news on NPR:
http://www.npr.org/templates/story/story.php?storyId=19346659February 25, 2008 at 6:52 PM #160159ParticipantWhy Not Just Walk Away from a Home?
They have made news on NPR:
http://www.npr.org/templates/story/story.php?storyId=19346659February 25, 2008 at 6:52 PM #160162ParticipantWhy Not Just Walk Away from a Home?
They have made news on NPR:
http://www.npr.org/templates/story/story.php?storyId=19346659February 25, 2008 at 6:52 PM #160240ParticipantWhy Not Just Walk Away from a Home?
They have made news on NPR:
http://www.npr.org/templates/story/story.php?storyId=19346659February 25, 2008 at 9:23 PM #159904Deal Hunter
ParticipantWalkers make great Renters.
2 of our rentals had leases that expired in Dec. The former rent rate was $1025/mo. We put the house back on the rental market in January and got 16 applicants right away. The highest bids came from people who walked away from their homes and accepted foreclosure.
The only thing on their credit was the 90 and 120 day lates on their mortgages. Our prop manager did disclose to us that the applicants got foreclosed upon. However, they offered $1450/mo for the available house. We accepted and they put up 2 months rent as deposit.
My second property went to another “walker” that begged us to consider a rent-to-own/lease op. This one also offered above the asking ($1300/mo). With this one, we decided to do a 6 month lease to be replaced with a lease op as long as he pays on time.
The walking away phenomenon is working out great for me, as a landlord – so far. I’ll let you know in a few months if I get walked away from myself, but so far, so good.
February 25, 2008 at 9:23 PM #160198ParticipantWalkers make great Renters.
2 of our rentals had leases that expired in Dec. The former rent rate was $1025/mo. We put the house back on the rental market in January and got 16 applicants right away. The highest bids came from people who walked away from their homes and accepted foreclosure.
The only thing on their credit was the 90 and 120 day lates on their mortgages. Our prop manager did disclose to us that the applicants got foreclosed upon. However, they offered $1450/mo for the available house. We accepted and they put up 2 months rent as deposit.
My second property went to another “walker” that begged us to consider a rent-to-own/lease op. This one also offered above the asking ($1300/mo). With this one, we decided to do a 6 month lease to be replaced with a lease op as long as he pays on time.
The walking away phenomenon is working out great for me, as a landlord – so far. I’ll let you know in a few months if I get walked away from myself, but so far, so good.
February 25, 2008 at 9:23 PM #160214ParticipantWalkers make great Renters.
2 of our rentals had leases that expired in Dec. The former rent rate was $1025/mo. We put the house back on the rental market in January and got 16 applicants right away. The highest bids came from people who walked away from their homes and accepted foreclosure.
The only thing on their credit was the 90 and 120 day lates on their mortgages. Our prop manager did disclose to us that the applicants got foreclosed upon. However, they offered $1450/mo for the available house. We accepted and they put up 2 months rent as deposit.
My second property went to another “walker” that begged us to consider a rent-to-own/lease op. This one also offered above the asking ($1300/mo). With this one, we decided to do a 6 month lease to be replaced with a lease op as long as he pays on time.
The walking away phenomenon is working out great for me, as a landlord – so far. I’ll let you know in a few months if I get walked away from myself, but so far, so good.
February 25, 2008 at 9:23 PM #160217ParticipantWalkers make great Renters.
2 of our rentals had leases that expired in Dec. The former rent rate was $1025/mo. We put the house back on the rental market in January and got 16 applicants right away. The highest bids came from people who walked away from their homes and accepted foreclosure.
The only thing on their credit was the 90 and 120 day lates on their mortgages. Our prop manager did disclose to us that the applicants got foreclosed upon. However, they offered $1450/mo for the available house. We accepted and they put up 2 months rent as deposit.
My second property went to another “walker” that begged us to consider a rent-to-own/lease op. This one also offered above the asking ($1300/mo). With this one, we decided to do a 6 month lease to be replaced with a lease op as long as he pays on time.
The walking away phenomenon is working out great for me, as a landlord – so far. I’ll let you know in a few months if I get walked away from myself, but so far, so good.
February 25, 2008 at 9:23 PM #160295ParticipantWalkers make great Renters.
2 of our rentals had leases that expired in Dec. The former rent rate was $1025/mo. We put the house back on the rental market in January and got 16 applicants right away. The highest bids came from people who walked away from their homes and accepted foreclosure.
The only thing on their credit was the 90 and 120 day lates on their mortgages. Our prop manager did disclose to us that the applicants got foreclosed upon. However, they offered $1450/mo for the available house. We accepted and they put up 2 months rent as deposit.
My second property went to another “walker” that begged us to consider a rent-to-own/lease op. This one also offered above the asking ($1300/mo). With this one, we decided to do a 6 month lease to be replaced with a lease op as long as he pays on time.
The walking away phenomenon is working out great for me, as a landlord – so far. I’ll let you know in a few months if I get walked away from myself, but so far, so good.
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