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temeculaguy
ParticipantI don’t know the process of a second foreclosure but isn’t the threat of having to move on short notice reason enough to leave now and set up somewhere more stable. Forget the “what you might get for free” and just bail after you’ve gotten the time you have paid for. Don’t pay the January rent and move in January, give them notice now. I think that whatever lease you are in has been broken by them a few times over. Regardless of the procedure, if your landlord doesn’t pay for the house, eventually it isn’t his house. A Sept. NOD means time is running out anyway, there are only a few months left, just take your dollars elsewhere.
temeculaguy
ParticipantI don’t know the process of a second foreclosure but isn’t the threat of having to move on short notice reason enough to leave now and set up somewhere more stable. Forget the “what you might get for free” and just bail after you’ve gotten the time you have paid for. Don’t pay the January rent and move in January, give them notice now. I think that whatever lease you are in has been broken by them a few times over. Regardless of the procedure, if your landlord doesn’t pay for the house, eventually it isn’t his house. A Sept. NOD means time is running out anyway, there are only a few months left, just take your dollars elsewhere.
temeculaguy
ParticipantI don’t know the process of a second foreclosure but isn’t the threat of having to move on short notice reason enough to leave now and set up somewhere more stable. Forget the “what you might get for free” and just bail after you’ve gotten the time you have paid for. Don’t pay the January rent and move in January, give them notice now. I think that whatever lease you are in has been broken by them a few times over. Regardless of the procedure, if your landlord doesn’t pay for the house, eventually it isn’t his house. A Sept. NOD means time is running out anyway, there are only a few months left, just take your dollars elsewhere.
temeculaguy
ParticipantI don’t know the process of a second foreclosure but isn’t the threat of having to move on short notice reason enough to leave now and set up somewhere more stable. Forget the “what you might get for free” and just bail after you’ve gotten the time you have paid for. Don’t pay the January rent and move in January, give them notice now. I think that whatever lease you are in has been broken by them a few times over. Regardless of the procedure, if your landlord doesn’t pay for the house, eventually it isn’t his house. A Sept. NOD means time is running out anyway, there are only a few months left, just take your dollars elsewhere.
December 22, 2007 at 12:07 PM in reply to: Free Pass to walk away from recourse debt on primary residence !!! #122765temeculaguy
ParticipantHLS, The banks have abandoned the subprime bailout fund.
http://www.cnbc.com/id/22361874
With the no penalty for foreclosure law and no help coming, I think you are right about the future foreclosure situation in 2008. Last weekend when I went looking at some foreclosures you wrote on another post about picking out a girl in the bar at 7:30 (which is an analogy I can understand). Now this means there is a busload of strippers on their way to the bar. Thanks for the advice, I took it and I’m going to await the arrival of the first bus because it’s all shaping up to fall apart in 08. But cutting off the aid and paving the “walk away” route, the government intervention is actually going to make this worse than if they had done nothing, brilliant!!!
December 22, 2007 at 12:07 PM in reply to: Free Pass to walk away from recourse debt on primary residence !!! #122909temeculaguy
ParticipantHLS, The banks have abandoned the subprime bailout fund.
http://www.cnbc.com/id/22361874
With the no penalty for foreclosure law and no help coming, I think you are right about the future foreclosure situation in 2008. Last weekend when I went looking at some foreclosures you wrote on another post about picking out a girl in the bar at 7:30 (which is an analogy I can understand). Now this means there is a busload of strippers on their way to the bar. Thanks for the advice, I took it and I’m going to await the arrival of the first bus because it’s all shaping up to fall apart in 08. But cutting off the aid and paving the “walk away” route, the government intervention is actually going to make this worse than if they had done nothing, brilliant!!!
December 22, 2007 at 12:07 PM in reply to: Free Pass to walk away from recourse debt on primary residence !!! #122937temeculaguy
ParticipantHLS, The banks have abandoned the subprime bailout fund.
http://www.cnbc.com/id/22361874
With the no penalty for foreclosure law and no help coming, I think you are right about the future foreclosure situation in 2008. Last weekend when I went looking at some foreclosures you wrote on another post about picking out a girl in the bar at 7:30 (which is an analogy I can understand). Now this means there is a busload of strippers on their way to the bar. Thanks for the advice, I took it and I’m going to await the arrival of the first bus because it’s all shaping up to fall apart in 08. But cutting off the aid and paving the “walk away” route, the government intervention is actually going to make this worse than if they had done nothing, brilliant!!!
December 22, 2007 at 12:07 PM in reply to: Free Pass to walk away from recourse debt on primary residence !!! #122993temeculaguy
ParticipantHLS, The banks have abandoned the subprime bailout fund.
http://www.cnbc.com/id/22361874
With the no penalty for foreclosure law and no help coming, I think you are right about the future foreclosure situation in 2008. Last weekend when I went looking at some foreclosures you wrote on another post about picking out a girl in the bar at 7:30 (which is an analogy I can understand). Now this means there is a busload of strippers on their way to the bar. Thanks for the advice, I took it and I’m going to await the arrival of the first bus because it’s all shaping up to fall apart in 08. But cutting off the aid and paving the “walk away” route, the government intervention is actually going to make this worse than if they had done nothing, brilliant!!!
December 22, 2007 at 12:07 PM in reply to: Free Pass to walk away from recourse debt on primary residence !!! #123010temeculaguy
ParticipantHLS, The banks have abandoned the subprime bailout fund.
http://www.cnbc.com/id/22361874
With the no penalty for foreclosure law and no help coming, I think you are right about the future foreclosure situation in 2008. Last weekend when I went looking at some foreclosures you wrote on another post about picking out a girl in the bar at 7:30 (which is an analogy I can understand). Now this means there is a busload of strippers on their way to the bar. Thanks for the advice, I took it and I’m going to await the arrival of the first bus because it’s all shaping up to fall apart in 08. But cutting off the aid and paving the “walk away” route, the government intervention is actually going to make this worse than if they had done nothing, brilliant!!!
temeculaguy
ParticipantCog, you will be fine and you have a good plan. Factor in the bride to be and lack of income if you have kids, the kid will cost what her schooling does, so another wash. Just stay conservative because there is a lot of stuff that can and will come up as life changes but you have good handle on it. Try to get closer to 2500 piti, the market where you are looking will meet you at your goal sometime in 2008.
Paramount, I never did get that apology. I think there aren’t too many people lying about their financials here, some may fudge a little like their weight on a drivers license but for the most part the people that find it entertaining to discuss math on a Friday night are not normal people anyway, yours truly included. Six figures is usually 100-150k and in so cal, that doesn’t make you rich and still makes you priced out of most markets, which is precisely why we are in a declining market.
temeculaguy
ParticipantCog, you will be fine and you have a good plan. Factor in the bride to be and lack of income if you have kids, the kid will cost what her schooling does, so another wash. Just stay conservative because there is a lot of stuff that can and will come up as life changes but you have good handle on it. Try to get closer to 2500 piti, the market where you are looking will meet you at your goal sometime in 2008.
Paramount, I never did get that apology. I think there aren’t too many people lying about their financials here, some may fudge a little like their weight on a drivers license but for the most part the people that find it entertaining to discuss math on a Friday night are not normal people anyway, yours truly included. Six figures is usually 100-150k and in so cal, that doesn’t make you rich and still makes you priced out of most markets, which is precisely why we are in a declining market.
temeculaguy
ParticipantCog, you will be fine and you have a good plan. Factor in the bride to be and lack of income if you have kids, the kid will cost what her schooling does, so another wash. Just stay conservative because there is a lot of stuff that can and will come up as life changes but you have good handle on it. Try to get closer to 2500 piti, the market where you are looking will meet you at your goal sometime in 2008.
Paramount, I never did get that apology. I think there aren’t too many people lying about their financials here, some may fudge a little like their weight on a drivers license but for the most part the people that find it entertaining to discuss math on a Friday night are not normal people anyway, yours truly included. Six figures is usually 100-150k and in so cal, that doesn’t make you rich and still makes you priced out of most markets, which is precisely why we are in a declining market.
temeculaguy
ParticipantCog, you will be fine and you have a good plan. Factor in the bride to be and lack of income if you have kids, the kid will cost what her schooling does, so another wash. Just stay conservative because there is a lot of stuff that can and will come up as life changes but you have good handle on it. Try to get closer to 2500 piti, the market where you are looking will meet you at your goal sometime in 2008.
Paramount, I never did get that apology. I think there aren’t too many people lying about their financials here, some may fudge a little like their weight on a drivers license but for the most part the people that find it entertaining to discuss math on a Friday night are not normal people anyway, yours truly included. Six figures is usually 100-150k and in so cal, that doesn’t make you rich and still makes you priced out of most markets, which is precisely why we are in a declining market.
temeculaguy
ParticipantCog, you will be fine and you have a good plan. Factor in the bride to be and lack of income if you have kids, the kid will cost what her schooling does, so another wash. Just stay conservative because there is a lot of stuff that can and will come up as life changes but you have good handle on it. Try to get closer to 2500 piti, the market where you are looking will meet you at your goal sometime in 2008.
Paramount, I never did get that apology. I think there aren’t too many people lying about their financials here, some may fudge a little like their weight on a drivers license but for the most part the people that find it entertaining to discuss math on a Friday night are not normal people anyway, yours truly included. Six figures is usually 100-150k and in so cal, that doesn’t make you rich and still makes you priced out of most markets, which is precisely why we are in a declining market.
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