Forum Replies Created
-
AuthorPosts
-
Dotherightthing
ParticipantWow! Deadbeat huh? Thanks for the advice. I will admit that I am a 29 year old who bought my first home in Nov. 04′ at the risk of being priced out of the market. I moved to San Diego in 2001 and saw a lot of people making a ton of money in real estate. At the time it seemed like a no brainer to get into the market. Was 400k more than I wanted to spend on a house? Yes. Could I afford a loan that required 20% down and a higher fixed rate? Absolutely not. I am not pointing fingers saying that it is anyone’s fault but my own. I admit I made a mistake. However, I also want to do what is best for my family. Continuing to pay on the loan until it completely wipes out my savings and I have to foreclose anyways doesn’t seem like the best idea. But again thanks for the advice.
ParticipantWow! Deadbeat huh? Thanks for the advice. I will admit that I am a 29 year old who bought my first home in Nov. 04′ at the risk of being priced out of the market. I moved to San Diego in 2001 and saw a lot of people making a ton of money in real estate. At the time it seemed like a no brainer to get into the market. Was 400k more than I wanted to spend on a house? Yes. Could I afford a loan that required 20% down and a higher fixed rate? Absolutely not. I am not pointing fingers saying that it is anyone’s fault but my own. I admit I made a mistake. However, I also want to do what is best for my family. Continuing to pay on the loan until it completely wipes out my savings and I have to foreclose anyways doesn’t seem like the best idea. But again thanks for the advice.
ParticipantWow! Deadbeat huh? Thanks for the advice. I will admit that I am a 29 year old who bought my first home in Nov. 04′ at the risk of being priced out of the market. I moved to San Diego in 2001 and saw a lot of people making a ton of money in real estate. At the time it seemed like a no brainer to get into the market. Was 400k more than I wanted to spend on a house? Yes. Could I afford a loan that required 20% down and a higher fixed rate? Absolutely not. I am not pointing fingers saying that it is anyone’s fault but my own. I admit I made a mistake. However, I also want to do what is best for my family. Continuing to pay on the loan until it completely wipes out my savings and I have to foreclose anyways doesn’t seem like the best idea. But again thanks for the advice.
ParticipantWow! Deadbeat huh? Thanks for the advice. I will admit that I am a 29 year old who bought my first home in Nov. 04′ at the risk of being priced out of the market. I moved to San Diego in 2001 and saw a lot of people making a ton of money in real estate. At the time it seemed like a no brainer to get into the market. Was 400k more than I wanted to spend on a house? Yes. Could I afford a loan that required 20% down and a higher fixed rate? Absolutely not. I am not pointing fingers saying that it is anyone’s fault but my own. I admit I made a mistake. However, I also want to do what is best for my family. Continuing to pay on the loan until it completely wipes out my savings and I have to foreclose anyways doesn’t seem like the best idea. But again thanks for the advice.
ParticipantSD Realtor,
I agree that from a logic perspective it does make sense to throw in the towel earlier than later. Especially since I have attempted numerous times to speak with my lender about working something out, and each time they tell me that there is nothing they can do. My only hope is to keep paying and wait for the government to do something.
ParticipantSD Realtor,
I agree that from a logic perspective it does make sense to throw in the towel earlier than later. Especially since I have attempted numerous times to speak with my lender about working something out, and each time they tell me that there is nothing they can do. My only hope is to keep paying and wait for the government to do something.
ParticipantSD Realtor,
I agree that from a logic perspective it does make sense to throw in the towel earlier than later. Especially since I have attempted numerous times to speak with my lender about working something out, and each time they tell me that there is nothing they can do. My only hope is to keep paying and wait for the government to do something.
ParticipantSD Realtor,
I agree that from a logic perspective it does make sense to throw in the towel earlier than later. Especially since I have attempted numerous times to speak with my lender about working something out, and each time they tell me that there is nothing they can do. My only hope is to keep paying and wait for the government to do something.
ParticipantSD Realtor,
I agree that from a logic perspective it does make sense to throw in the towel earlier than later. Especially since I have attempted numerous times to speak with my lender about working something out, and each time they tell me that there is nothing they can do. My only hope is to keep paying and wait for the government to do something.
-
AuthorPosts