enjoy
so basically the govt is going to lend money to people who's house are now worth 85% of their loan
then when they fail to repay the govt, the govt will take possession of that property, and then sell it for 60% of the value
meanwhile the govt gives a 2-3-4-6 month freebie, to said unemployed person............
WHO THINKS THESE THINGS UP?
so basically the govt is going to lend money to people who's house are now worth 85% of their loan
then when they fail to repay the govt, the govt will take possession of that property, and then sell it for 60% of the value
meanwhile the govt gives a 2-3-4-6 month freebie, to said unemployed person............
WHO THINKS THESE THINGS UP?
so somebody with a 2k a month mortgage could just decide to stop paying
2000 X 18 = 36,000
2000 X 24 = 48,000
3000 X 18 = 54,000
3000 X 24 = 72,000
even with credit scores of 500, take 36,000 / 48,000 54 / 72 and buy a condo somewhere like Florida or Arizona or somewhere where it is hot all the time
so somebody with a 2k a month mortgage could just decide to stop paying
2000 X 18 = 36,000
2000 X 24 = 48,000
3000 X 18 = 54,000
3000 X 24 = 72,000
even with credit scores of 500, take 36,000 / 48,000 54 / 72 and buy a condo somewhere like Florida or Arizona or somewhere where it is hot all the time
i agree, it gives people a chance to do the right thing and try to hold on to some semblance of dignity through desperate times
more forclosures would bring down property values, which is what SHOULD happen, but at what cost to your fellow man
is this good for legal citizens only
i agree, it gives people a chance to do the right thing and try to hold on to some semblance of dignity through desperate times
more forclosures would bring down property values, which is what SHOULD happen, but at what cost to your fellow man
is this good for legal citizens only
I remember a year and a half ago , when i told you these prices where gonna crater,, personally im unwinding everything, while this tax credit is bringing in buyers. i told my sis who has 3 properties to do the same . i fear the worse for this country sadly.. and i doubt i will be here (in this country), to see chaos break out .
I remember a year and a half ago , when i told you these prices where gonna crater,, personally im unwinding everything, while this tax credit is bringing in buyers. i told my sis who has 3 properties to do the same . i fear the worse for this country sadly.. and i doubt i will be here (in this country), to see chaos break out .
In terms of value thou,, it has come down, where you might not be at the bottom , as prices probaly need another 25% drop, but the fact you can tie it in with a 30 year fixed at 4.75 right now.. is key to making it very affordable... i see 30 year fannies and freddys being around 6% and up, this time next year, so while the price might be a little higher than what you like, the 8000 credit plus rates under 5 , make it not that bad a play , and with women, wits not about the logical/cost effective way . you know that
In terms of value thou,, it has come down, where you might not be at the bottom , as prices probaly need another 25% drop, but the fact you can tie it in with a 30 year fixed at 4.75 right now.. is key to making it very affordable... i see 30 year fannies and freddys being around 6% and up, this time next year, so while the price might be a little higher than what you like, the 8000 credit plus rates under 5 , make it not that bad a play , and with women, wits not about the logical/cost effective way . you know that
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