[UCGal]

I was under the impression (I could be wrong) that some banks were only approving Short Sales in cases of distress. They were trying to avoid strategic defaulters.

My friends had to give reasons for the short sale to their bank. They had to show hardship.

Whether that makes sense or not, is irrelevant… It is what is happening with some mortgage servicers.

I agree completely with the discussion of entitlement. I hear so much talk about how 16 year old kids NEED their own cars. Kids don’t walk to school or take the bus anymore. And their parents NEED that 3500 sf house for a family of 4. It’s child abuse if kids share a room.

I get blown away daily by the entitlement.

[UCGal]

I was under the impression (I could be wrong) that some banks were only approving Short Sales in cases of distress. They were trying to avoid strategic defaulters.

My friends had to give reasons for the short sale to their bank. They had to show hardship.

Whether that makes sense or not, is irrelevant… It is what is happening with some mortgage servicers.

I agree completely with the discussion of entitlement. I hear so much talk about how 16 year old kids NEED their own cars. Kids don’t walk to school or take the bus anymore. And their parents NEED that 3500 sf house for a family of 4. It’s child abuse if kids share a room.

I get blown away daily by the entitlement.

[UCGal]

I was under the impression (I could be wrong) that some banks were only approving Short Sales in cases of distress. They were trying to avoid strategic defaulters.

My friends had to give reasons for the short sale to their bank. They had to show hardship.

Whether that makes sense or not, is irrelevant… It is what is happening with some mortgage servicers.

I agree completely with the discussion of entitlement. I hear so much talk about how 16 year old kids NEED their own cars. Kids don’t walk to school or take the bus anymore. And their parents NEED that 3500 sf house for a family of 4. It’s child abuse if kids share a room.

I get blown away daily by the entitlement.

[UCGal]

I understand how losing one’s job might qualify you for a short sale. But I don’t understand how it would qualify you for a mortgage modification. Short Sales are supposed to require hardship – and losing your job is a hardship. But you come out of it with NO HOUSE.

You need income in order to qualify for a loan or loan mod. If she’s lost her job and they can’t afford the mortgage with just her husband’s income how can she keep her house?

My friends who went through the short sale did so after the husband lost his job. (Wife is still employed) They were underwater AND took a huge income hit. But they didn’t try to keep a house they couldn’t afford anymore… they’ve joined the ranks of the renters.

This woman and her family should have pursued a short sale.

I don’t understand how people thing they should be able to keep a house they are not making payments on…

[UCGal]

I understand how losing one’s job might qualify you for a short sale. But I don’t understand how it would qualify you for a mortgage modification. Short Sales are supposed to require hardship – and losing your job is a hardship. But you come out of it with NO HOUSE.

You need income in order to qualify for a loan or loan mod. If she’s lost her job and they can’t afford the mortgage with just her husband’s income how can she keep her house?

My friends who went through the short sale did so after the husband lost his job. (Wife is still employed) They were underwater AND took a huge income hit. But they didn’t try to keep a house they couldn’t afford anymore… they’ve joined the ranks of the renters.

This woman and her family should have pursued a short sale.

I don’t understand how people thing they should be able to keep a house they are not making payments on…

[UCGal]

I understand how losing one’s job might qualify you for a short sale. But I don’t understand how it would qualify you for a mortgage modification. Short Sales are supposed to require hardship – and losing your job is a hardship. But you come out of it with NO HOUSE.

You need income in order to qualify for a loan or loan mod. If she’s lost her job and they can’t afford the mortgage with just her husband’s income how can she keep her house?

My friends who went through the short sale did so after the husband lost his job. (Wife is still employed) They were underwater AND took a huge income hit. But they didn’t try to keep a house they couldn’t afford anymore… they’ve joined the ranks of the renters.

This woman and her family should have pursued a short sale.

I don’t understand how people thing they should be able to keep a house they are not making payments on…

[UCGal]

I understand how losing one’s job might qualify you for a short sale. But I don’t understand how it would qualify you for a mortgage modification. Short Sales are supposed to require hardship – and losing your job is a hardship. But you come out of it with NO HOUSE.

You need income in order to qualify for a loan or loan mod. If she’s lost her job and they can’t afford the mortgage with just her husband’s income how can she keep her house?

My friends who went through the short sale did so after the husband lost his job. (Wife is still employed) They were underwater AND took a huge income hit. But they didn’t try to keep a house they couldn’t afford anymore… they’ve joined the ranks of the renters.

This woman and her family should have pursued a short sale.

I don’t understand how people thing they should be able to keep a house they are not making payments on…

[UCGal]

I understand how losing one’s job might qualify you for a short sale. But I don’t understand how it would qualify you for a mortgage modification. Short Sales are supposed to require hardship – and losing your job is a hardship. But you come out of it with NO HOUSE.

You need income in order to qualify for a loan or loan mod. If she’s lost her job and they can’t afford the mortgage with just her husband’s income how can she keep her house?

My friends who went through the short sale did so after the husband lost his job. (Wife is still employed) They were underwater AND took a huge income hit. But they didn’t try to keep a house they couldn’t afford anymore… they’ve joined the ranks of the renters.

This woman and her family should have pursued a short sale.

I don’t understand how people thing they should be able to keep a house they are not making payments on…

[UCGal]

Is that carpet in the bathroom? Never understood that.

[UCGal]

Is that carpet in the bathroom? Never understood that.

[UCGal]

Is that carpet in the bathroom? Never understood that.

[UCGal]

Is that carpet in the bathroom? Never understood that.

[UCGal]

Is that carpet in the bathroom? Never understood that.

[UCGal]

[quote=jpinpb]UCGal – I’m jealous! NYC for NYE is so much fun. Wish I were going. Congrats on 10 years![/quote]
Hey if it weren’t me – I’d be jealous of me. LOL

[UCGal]

[quote=jpinpb]UCGal – I’m jealous! NYC for NYE is so much fun. Wish I were going. Congrats on 10 years![/quote]
Hey if it weren’t me – I’d be jealous of me. LOL

[Author]

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