burbia.com— Definitely a novel way to "sell" your house. If it catches on, Sellers are in huge trouble. Funny, ridiculous, sign captures frustration & growing desperation out there in housing market.
Aug 7, 2008View in Crawl 4
Cam0man, good people who bought what they can afford, and who have never missed a payment are now being advised to walk away from their house. The hit on their credit would be less then the hit on their finances. This is happening more and more and will become the new norm. The banks are closing because if this and now it's your problem.It turns out that the "financial planning" that your complaining about wasn't being done by the people but by the banks. The truth is, the banks have been lying on the paperwork in order to get more people into a house. For example, people who were making $500 a month were listed as making well over $1600 a month. This is paperwork that's filled out by the bank not the lender. The bank isn't worried about the lie because they're going to sell the loan to a bigger bank in less then a month. And that bank will sell it to a even bigger bank before the lender defaults on the first payment. How is this for financial planning? So should the government bail people out if it turns out that they have been screwed by the lender? Would you say that the government help out the employees who lost their retirement money in Enron?Learn what's really going on before you make a judgment.
professorfooAug 8, 2008
The market will defeat you, too.
dbr2kAug 9, 2008
I'd take that deal. Buy when people are selling, sell when people are buying :) There's alot of money to be made right now.
grumpyrainAug 9, 2008
Back in the day, Commodore used to have those sorts of deals.
ejhdigdugAug 9, 2008
Cam0man, good people who bought what they can afford, and who have never missed a payment are now being advised to walk away from their house. The hit on their credit would be less then the hit on their finances. This is happening more and more and will become the new norm. The banks are closing because if this and now it's your problem.It turns out that the "financial planning" that your complaining about wasn't being done by the people but by the banks. The truth is, the banks have been lying on the paperwork in order to get more people into a house. For example, people who were making $500 a month were listed as making well over $1600 a month. This is paperwork that's filled out by the bank not the lender. The bank isn't worried about the lie because they're going to sell the loan to a bigger bank in less then a month. And that bank will sell it to a even bigger bank before the lender defaults on the first payment. How is this for financial planning? So should the government bail people out if it turns out that they have been screwed by the lender? Would you say that the government help out the employees who lost their retirement money in Enron?Learn what's really going on before you make a judgment.
gabepenassoAug 24, 2008
Its hard for him alot of people face foreclosure. It can happen to you and you need to sell your home fast. I used a flat rate mls broker <a class="user" href="http://www.listingflatfeemls.com">http://www.listingflatfeemls.com</a>
donna1234Oct 23, 2008
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