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September 28, 2009 at 10:28 AM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #462231September 28, 2009 at 10:28 AM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #462305
UCGal
ParticipantIf the circumstances stay the same – employment/income continue… then I can see arguing that the home-debtors should honor their commitment regardless.
That said – I’ve watched friends face the loss of his job, her bonuses/pay raises eliminated. They bought in 2004 and could easily make thier payments. They put a big chunk down (more than 10%). With his income down AND being 200k underwater – they tried to short sell. Bank ended up rejecting the deal – and forclose last month. It was actually one of the faster NOD to Trustee sales I’ve seen – June got the NOD, Sept the house went back to the bank.
If he hadn’t lost his job – they’d be riding it out. And these aren’t deadbeat types.
September 28, 2009 at 10:28 AM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #462510ParticipantIf the circumstances stay the same – employment/income continue… then I can see arguing that the home-debtors should honor their commitment regardless.
That said – I’ve watched friends face the loss of his job, her bonuses/pay raises eliminated. They bought in 2004 and could easily make thier payments. They put a big chunk down (more than 10%). With his income down AND being 200k underwater – they tried to short sell. Bank ended up rejecting the deal – and forclose last month. It was actually one of the faster NOD to Trustee sales I’ve seen – June got the NOD, Sept the house went back to the bank.
If he hadn’t lost his job – they’d be riding it out. And these aren’t deadbeat types.
September 24, 2009 at 2:15 PM in reply to: How Long Does It Take Before the Bank Takes The Houses Back? #461088Participanttg – considering how many loans were written by Wamu, Countrywide, and Indymac… I’d say that there are a lot of folks that stand to win the “free rent” roulette.
September 24, 2009 at 2:15 PM in reply to: How Long Does It Take Before the Bank Takes The Houses Back? #461282Participanttg – considering how many loans were written by Wamu, Countrywide, and Indymac… I’d say that there are a lot of folks that stand to win the “free rent” roulette.
September 24, 2009 at 2:15 PM in reply to: How Long Does It Take Before the Bank Takes The Houses Back? #461622Participanttg – considering how many loans were written by Wamu, Countrywide, and Indymac… I’d say that there are a lot of folks that stand to win the “free rent” roulette.
September 24, 2009 at 2:15 PM in reply to: How Long Does It Take Before the Bank Takes The Houses Back? #461695Participanttg – considering how many loans were written by Wamu, Countrywide, and Indymac… I’d say that there are a lot of folks that stand to win the “free rent” roulette.
September 24, 2009 at 2:15 PM in reply to: How Long Does It Take Before the Bank Takes The Houses Back? #461900Participanttg – considering how many loans were written by Wamu, Countrywide, and Indymac… I’d say that there are a lot of folks that stand to win the “free rent” roulette.
September 23, 2009 at 10:38 AM in reply to: “White House collects Web users’ data without notice” #460612ParticipantI assume that anything I put on the internet is not private.
It’s kind of silly to think otherwise. Even if the site you’re posting to has privacy assurances – there are still hackers.
It’s the internet, after all.
September 23, 2009 at 10:38 AM in reply to: “White House collects Web users’ data without notice” #460804ParticipantI assume that anything I put on the internet is not private.
It’s kind of silly to think otherwise. Even if the site you’re posting to has privacy assurances – there are still hackers.
It’s the internet, after all.
September 23, 2009 at 10:38 AM in reply to: “White House collects Web users’ data without notice” #461146ParticipantI assume that anything I put on the internet is not private.
It’s kind of silly to think otherwise. Even if the site you’re posting to has privacy assurances – there are still hackers.
It’s the internet, after all.
September 23, 2009 at 10:38 AM in reply to: “White House collects Web users’ data without notice” #461218ParticipantI assume that anything I put on the internet is not private.
It’s kind of silly to think otherwise. Even if the site you’re posting to has privacy assurances – there are still hackers.
It’s the internet, after all.
September 23, 2009 at 10:38 AM in reply to: “White House collects Web users’ data without notice” #461420ParticipantI assume that anything I put on the internet is not private.
It’s kind of silly to think otherwise. Even if the site you’re posting to has privacy assurances – there are still hackers.
It’s the internet, after all.
Participant[quote=Allan from Fallbrook][quote=sdduuuude]Wow. That place is stunning.[/quote]
Yeah. Wow, talk about a dream home. I would kill just for the cars in those garages. Was that a Shelby GT I spied in and amongst those muscle cars?[/quote]
That’s what I was thinking… Does it come witht he cars?
Participant[quote=Allan from Fallbrook][quote=sdduuuude]Wow. That place is stunning.[/quote]
Yeah. Wow, talk about a dream home. I would kill just for the cars in those garages. Was that a Shelby GT I spied in and amongst those muscle cars?[/quote]
That’s what I was thinking… Does it come witht he cars?
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