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powayseller also predicted the “S&P 500 dropping to 600 by spring 2007” 😉

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powayseller also predicted the “S&P 500 dropping to 600 by spring 2007” 😉

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myito–

thanks for sharing the story of your mom.

proves the point that apples don’t fall too far from the tree.

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myito–

thanks for sharing the story of your mom.

proves the point that apples don’t fall too far from the tree.

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Step 1: Put $10,000 non-refundable deposit down on tract home in 4Closure Ranch (future foreclosure candidate yourself…congratulations!)

Step 2: Come to piggington seeking affirmation or some type of “help” with your decision.

Absolutely brilliant strategy!!! Hope it works out for you…

😉

P.S. Thanks a MILLION yourself–for helping us to ascertain that we must be NOWHERE near the bottom!

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Step 1: Put $10,000 non-refundable deposit down on tract home in 4Closure Ranch (future foreclosure candidate yourself…congratulations!)

Step 2: Come to piggington seeking affirmation or some type of “help” with your decision.

Absolutely brilliant strategy!!! Hope it works out for you…

😉

P.S. Thanks a MILLION yourself–for helping us to ascertain that we must be NOWHERE near the bottom!

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sdr-would you really roll every penny (my assumption) into the purchase of your next house, though?

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sdr-would you really roll every penny (my assumption) into the purchase of your next house, though?

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If it were me, I’d try to get my deposit back, but I’d be willing to lose it rather than go to closing.

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If it were me, I’d try to get my deposit back, but I’d be willing to lose it rather than go to closing.

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fair enough, SD R

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fair enough, SD R

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“Yet he will not have to worry about not paying the mortgage.” SD R

Truth is, bad things happen sometimes. People do lose their jobs, become injured and unable to work, have their identities stolen, etc…all of which can lead to ruinous credit scores and the inability to borrow money, even against home equity.

The ironic thing is that even though there is currently a tremendous percentage of equity in this guy’s house, there is always the chance that he may not be able to tap into it via borrowing, should something bad happen to him or lending programs change. The craziest part is that lenders are more apt to foreclose on someone with high equity than low equity due to the fact that there is a higher probability of getting out of the loan unscathed.

This was an awful move.

Remember…it is far easier to qualify for a loan when you don’t need one, than when you do. I’d pull some equity out for a cushion, or at least establish a credit line to be safe.

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“Yet he will not have to worry about not paying the mortgage.” SD R

Truth is, bad things happen sometimes. People do lose their jobs, become injured and unable to work, have their identities stolen, etc…all of which can lead to ruinous credit scores and the inability to borrow money, even against home equity.

The ironic thing is that even though there is currently a tremendous percentage of equity in this guy’s house, there is always the chance that he may not be able to tap into it via borrowing, should something bad happen to him or lending programs change. The craziest part is that lenders are more apt to foreclose on someone with high equity than low equity due to the fact that there is a higher probability of getting out of the loan unscathed.

This was an awful move.

Remember…it is far easier to qualify for a loan when you don’t need one, than when you do. I’d pull some equity out for a cushion, or at least establish a credit line to be safe.

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To anyone brilliant enough to even consider buying in Evergreen in 4S Ranch:

Now is as good a time as ever. C’mon…$1500 to $2000 a month in taxes and dues BEFORE you even pay dollar #1 of the principal and interest on your mortgage sounds like a GOOD idea to you people??

Go ahead…buy the stupid house…you know you NEED it!

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