To buy or not to buy.. that is the question
09-05-2012 | 10:30 AM
#11
Joined: Jul 2007
Posts: 6,160
Likes: 113
From: Long Island, NY
I appreciate the feedback.. When the banks won't work with you it gets really hard paying for a place that is not worth it anymore, especially when it does not suit your needs. Sure there's the ethical argument but there's also the business side. We've moved onto a bigger place and are much happier now. It will probably be the smartest financial move I'll make in my life time.
Originally Posted by Chris S' timestamp='1346202130' post='21972125
Your wife bought a condo with all the benefits and risks of ownership. Y'all should suck it up and honor the contractual commitment she made as long as you're able to pay.
Foreclosing or suggesting a short sale is quite honestly a dick-headed move since you're that just transfers your losses to the bank's shareholders (and worst case, the govt. - which means all of us taxpayers). You have 4 cars, and are trying to move up to a bigger, more expensive place by screwing the bank &/or your fellow taxpayers?
Foreclosing or suggesting a short sale is quite honestly a dick-headed move since you're that just transfers your losses to the bank's shareholders (and worst case, the govt. - which means all of us taxpayers). You have 4 cars, and are trying to move up to a bigger, more expensive place by screwing the bank &/or your fellow taxpayers?
09-05-2012 | 11:28 AM
#12
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Joined: Oct 2003
Posts: 1,057
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From: San Diego
What's really sad is that the bank that holds the loan filed for bankruptcy to avoid giving relief to homeowners by reducing loan principals. That's pretty shady IMO. Anyways, I didn't post to get people's opinion's on what is right and what isn't. Say what you will about it being ethical or not, I sleep much better at night knowing our financial security is much brighter. Cheers.
09-05-2012 | 11:35 AM
#13
Joined: Jul 2007
Posts: 6,160
Likes: 113
From: Long Island, NY
What's really sad is that the bank that holds the loan filed for bankruptcy to avoid giving relief to homeowners by reducing loan principals. That's pretty shady IMO. Anyways, I didn't post to get people's opinion's on what is right and what isn't. Say what you will about it being ethical or not, I sleep much better at night knowing our financial security is much brighter. Cheers.
Hope they finally fix these bankruptcy and loans. Married couples should be jointly held liable.
09-05-2012 | 11:54 AM
#14
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Joined: Oct 2003
Posts: 1,057
Likes: 2
From: San Diego
What I'm saying is that the businesses and banks file bankruptcy to protect themselves so why do the homeowners have to be held to a higher standard? Luckily my wife bought the place before we were married, otherwise I may be held accountable.
so your complaining about the bank filing bankruptcy when you and are wife are doing something similar.... If you can screw the bank, i'm happy they can screw u too.
Hope they finally fix these bankruptcy and loans. Married couples should be jointly held liable.
Originally Posted by Mr.Aqua' timestamp='1346873288' post='21990169
What's really sad is that the bank that holds the loan filed for bankruptcy to avoid giving relief to homeowners by reducing loan principals. That's pretty shady IMO. Anyways, I didn't post to get people's opinion's on what is right and what isn't. Say what you will about it being ethical or not, I sleep much better at night knowing our financial security is much brighter. Cheers.
Hope they finally fix these bankruptcy and loans. Married couples should be jointly held liable.
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