[jpinpb]

I have a friend that lives not too far from there. The area is a little seedy. Mobile home storage place not too far down the street. I think it’s priced high, even at 580. I remember seeing this one on the market way back when and I laughed. Seeing it defaulting is not surprising. There is another one for sale on that street for 570k that I wouldn’t be surprised to see reduced significantly at the end of the year. Whatever this sells for, it will bring down the comps and all the others at year’s end will be much lower. Says orig. loan amount is 468k.
Judging from the chart above, I’ll wait. Hopefully soon it will be more realistic. 300k, my magic number for this neighborhood. Fixing up doesn’t matter to me, not to justify these prices.

[jpinpb]

I have a friend that lives not too far from there. The area is a little seedy. Mobile home storage place not too far down the street. I think it’s priced high, even at 580. I remember seeing this one on the market way back when and I laughed. Seeing it defaulting is not surprising. There is another one for sale on that street for 570k that I wouldn’t be surprised to see reduced significantly at the end of the year. Whatever this sells for, it will bring down the comps and all the others at year’s end will be much lower. Says orig. loan amount is 468k.
Judging from the chart above, I’ll wait. Hopefully soon it will be more realistic. 300k, my magic number for this neighborhood. Fixing up doesn’t matter to me, not to justify these prices.

[jpinpb]

Why Not Just Walk Away from a Home?
They have made news on NPR:
http://www.npr.org/templates/story/story.php?storyId=19346659

[jpinpb]

Why Not Just Walk Away from a Home?
They have made news on NPR:
http://www.npr.org/templates/story/story.php?storyId=19346659

[jpinpb]

Why Not Just Walk Away from a Home?
They have made news on NPR:
http://www.npr.org/templates/story/story.php?storyId=19346659

[jpinpb]

Why Not Just Walk Away from a Home?
They have made news on NPR:
http://www.npr.org/templates/story/story.php?storyId=19346659

[jpinpb]

Why Not Just Walk Away from a Home?
They have made news on NPR:
http://www.npr.org/templates/story/story.php?storyId=19346659

[jpinpb]

This 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.

[jpinpb]

This 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.

[jpinpb]

This 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.

[jpinpb]

This 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.

[jpinpb]

This 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.

[jpinpb]

“The only reason it was higher was because people were willing to pay more.”

All back to teaser rates, allowing for low monthly payments for a year or two, just in time for you to flip and make $$$ be retired – or retarded if the plan doesn’t work.

[jpinpb]

“The only reason it was higher was because people were willing to pay more.”

All back to teaser rates, allowing for low monthly payments for a year or two, just in time for you to flip and make $$$ be retired – or retarded if the plan doesn’t work.

[jpinpb]

“The only reason it was higher was because people were willing to pay more.”

All back to teaser rates, allowing for low monthly payments for a year or two, just in time for you to flip and make $$$ be retired – or retarded if the plan doesn’t work.

[Author]

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