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Navydoc
ParticipantSomeone in the money biz can correct me if I’m wrong, but I think you’re on the hook for the HELOC. The 1st should be non-recourse and the bank has to take what they can get. Remains to be seen how long Countrywide will remain solvent, and how willing they will be to chase you for the delinquent HELOC, but theoretically they can.
ParticipantSomeone in the money biz can correct me if I’m wrong, but I think you’re on the hook for the HELOC. The 1st should be non-recourse and the bank has to take what they can get. Remains to be seen how long Countrywide will remain solvent, and how willing they will be to chase you for the delinquent HELOC, but theoretically they can.
ParticipantSomeone in the money biz can correct me if I’m wrong, but I think you’re on the hook for the HELOC. The 1st should be non-recourse and the bank has to take what they can get. Remains to be seen how long Countrywide will remain solvent, and how willing they will be to chase you for the delinquent HELOC, but theoretically they can.
ParticipantI’m making an assumption here, but it doesn’t sound like you’re in a position financially to be able to sell the home if you could. Rough estimate puts your bring to the settlement table money to >$30,000. Can you afford this? If not, definitely walk away. Having been in that position myself in the early 90’s I know what it feels like, but you’ll be on the road to financial recovery a lot sooner than if you try to hang on.
Good luck to you, these are tough decisions to make, but it gets a lot easier after you make them.
ParticipantI’m making an assumption here, but it doesn’t sound like you’re in a position financially to be able to sell the home if you could. Rough estimate puts your bring to the settlement table money to >$30,000. Can you afford this? If not, definitely walk away. Having been in that position myself in the early 90’s I know what it feels like, but you’ll be on the road to financial recovery a lot sooner than if you try to hang on.
Good luck to you, these are tough decisions to make, but it gets a lot easier after you make them.
ParticipantI’m making an assumption here, but it doesn’t sound like you’re in a position financially to be able to sell the home if you could. Rough estimate puts your bring to the settlement table money to >$30,000. Can you afford this? If not, definitely walk away. Having been in that position myself in the early 90’s I know what it feels like, but you’ll be on the road to financial recovery a lot sooner than if you try to hang on.
Good luck to you, these are tough decisions to make, but it gets a lot easier after you make them.
ParticipantI’m making an assumption here, but it doesn’t sound like you’re in a position financially to be able to sell the home if you could. Rough estimate puts your bring to the settlement table money to >$30,000. Can you afford this? If not, definitely walk away. Having been in that position myself in the early 90’s I know what it feels like, but you’ll be on the road to financial recovery a lot sooner than if you try to hang on.
Good luck to you, these are tough decisions to make, but it gets a lot easier after you make them.
ParticipantI’m making an assumption here, but it doesn’t sound like you’re in a position financially to be able to sell the home if you could. Rough estimate puts your bring to the settlement table money to >$30,000. Can you afford this? If not, definitely walk away. Having been in that position myself in the early 90’s I know what it feels like, but you’ll be on the road to financial recovery a lot sooner than if you try to hang on.
Good luck to you, these are tough decisions to make, but it gets a lot easier after you make them.
Participantjpinpb, I’m totally with you on the HOA/Mello Roos issue. I’ve been watching all the North County inland areas pretty closely, including the Silver Pine property. It’s nice to see the prices coming down to reality, but the 5K/yr Mello roos really piss me off. Significantly lowers the price range I’m willing to buy.
The more I look, the more older communities like Scripps Ranch and Rancho Bernardo appeal to me, and it’s directly related to all the hidden fees that may not apply there.
Participantjpinpb, I’m totally with you on the HOA/Mello Roos issue. I’ve been watching all the North County inland areas pretty closely, including the Silver Pine property. It’s nice to see the prices coming down to reality, but the 5K/yr Mello roos really piss me off. Significantly lowers the price range I’m willing to buy.
The more I look, the more older communities like Scripps Ranch and Rancho Bernardo appeal to me, and it’s directly related to all the hidden fees that may not apply there.
Participantjpinpb, I’m totally with you on the HOA/Mello Roos issue. I’ve been watching all the North County inland areas pretty closely, including the Silver Pine property. It’s nice to see the prices coming down to reality, but the 5K/yr Mello roos really piss me off. Significantly lowers the price range I’m willing to buy.
The more I look, the more older communities like Scripps Ranch and Rancho Bernardo appeal to me, and it’s directly related to all the hidden fees that may not apply there.
Participantjpinpb, I’m totally with you on the HOA/Mello Roos issue. I’ve been watching all the North County inland areas pretty closely, including the Silver Pine property. It’s nice to see the prices coming down to reality, but the 5K/yr Mello roos really piss me off. Significantly lowers the price range I’m willing to buy.
The more I look, the more older communities like Scripps Ranch and Rancho Bernardo appeal to me, and it’s directly related to all the hidden fees that may not apply there.
Participantjpinpb, I’m totally with you on the HOA/Mello Roos issue. I’ve been watching all the North County inland areas pretty closely, including the Silver Pine property. It’s nice to see the prices coming down to reality, but the 5K/yr Mello roos really piss me off. Significantly lowers the price range I’m willing to buy.
The more I look, the more older communities like Scripps Ranch and Rancho Bernardo appeal to me, and it’s directly related to all the hidden fees that may not apply there.
ParticipantWell done SD, tell ’em like it is. My mother has been a Reator in PA for 25 years, and she never takes listings in a down market when the sellers are unreasonable. I spoke with her about it last week, and she has refused several listings in the past couple of weeks due to sellers not willing to price accordingly.
The funny thing is, when she looks at all the past down markets it’s amzing how many of those unreasonable sellers eventually come back to the Realtor that told them the truth in the first place, and she gets the re-list.
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