Underwater Mortgage? Walk Away!
February 5th, 2010 | by admin |
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25 Responses to “Underwater Mortgage? Walk Away!”
By kalibier2 on Feb 5, 2010 | Reply
good idea
good idea
By Swansen03 on Feb 5, 2010 | Reply
well said
well said
By freepress666 on Feb 5, 2010 | Reply
Do not run from the …
Do not run from the mortgage, you can A4V it yourself and it will be paid off
Goggle Doug Riddle Pass word, methis
Any public debt can be paid off this way
By RBLA818 on Feb 5, 2010 | Reply
– The Power of the …
— The Power of the People on Top Depends on the Obedience of the People Below!
- Howard Zinn
By eLiMU6 on Feb 5, 2010 | Reply
food. water, and …
food. water, and housing shouldn’t be why people work jobs.
the system is a scam.
By ArcticSlicer on Feb 5, 2010 | Reply
Thanks for the …
Thanks for the information. Looking forward to it.
By marniespeaks on Feb 5, 2010 | Reply
a mortgage is only …
a mortgage is only a contract and most of you paid mortgage insurance to cover walking away
remember!
course we all pay to cover the loss
which is why every American should be given a home immediately and make it fast before China and the Saudis buy everything up cheap
oh and before you bail
get a lawyer
By sammieluvsdoomy on Feb 5, 2010 | Reply
Exactly =)
Exactly =)
By gmfutube on Feb 5, 2010 | Reply
The best thing for …
The best thing for the nation in the long run if for house price to return to realistic levels. That is housing can not be more than 3x income. If you bought a house in the past 6 yrs, you probably paid too much for it. Your real estate agent, your appraiser and your banker all LIED to you about the value of this ho me, and its perceived future value.
We haven’t seen the bottom in housing or employment.
The sooner these criminal bankers have the on their books exposed the better
By gmfutube on Feb 5, 2010 | Reply
many of them can …
many of them can not produce the note, so they have no legal right to take the property.
By gmfutube on Feb 5, 2010 | Reply
Housing needs to go …
Housing needs to go back to realistic prices. That is what the problem was to begin with.
Homes need to stay in the 3x income range for the system to work.
Those who bought these over-priced homes made bad choices. Walk away now and save your money for when price go back to a reasonable level.
By STARFIRESOLAR on Feb 5, 2010 | Reply
Ya gotta do what ya …
Ya gotta do what ya gotta do sometimes.
By bimblinghill on Feb 5, 2010 | Reply
@Loathmar. Yes, …
@Loathmar. Yes, although I’d like to clarify one point: It *should* be a morality issue, but unfortunately, morality is not a feature of the policies of the financial industry. Therefore, it is with some reluctance that I accept that it is justifiable for borrowers to take whatever steps they need to to protect themselves.. as long as they can be sure they can get away with it!
By mungojorie on Feb 5, 2010 | Reply
god, i wish i had …
god, i wish i had heard this 2 years ago!!!! we struggled to hold onto a house, paid tons of money and ended up losing it after all…oh and the person who said the thing about credit rating, ours got screwed anyway ..no matter how hard we tried. davis is right…walk away NOW, just like the big boys do…and start again.
By jdetuncq on Feb 5, 2010 | Reply
RIGHT ON DAVIS!
RIGHT ON DAVIS!
By ConservativeHealth on Feb 5, 2010 | Reply
A bright day is …
A bright day is upon us. The Supreme Court has expanded democracy by allowing
corporations unlimited election purchasing power. Special interest is the new black.
By ndyt on Feb 5, 2010 | Reply
all you have to …
all you have to lose is your credit rating…
By lessgovtnow on Feb 5, 2010 | Reply
Great job on this …
Great job on this one!
You acknowledge democrats (at least in the executive branch) as being a part of the problem just as repubicans are (the system).
They may sound different, but their actions dovetail way too frequently.
By mja2035 on Feb 5, 2010 | Reply
Obama should just …
Obama should just pay off everybody’s mortgage, just like the banks.
By Hendo1974 on Feb 5, 2010 | Reply
American Nightmare= …
American Nightmare=Depression is HERE!
By motorolarules on Feb 5, 2010 | Reply
Stop paying,… …
Stop paying,… that is the responsible thing. Walk away from federal tax, bad deals caused by criminal corporate government, walk away from compliance. Do what they don’t expect, buy local produced food, grow your own, buy only what you have to have with money you actually have, etc
By oc5nsli341nforce4 on Feb 5, 2010 | Reply
Instead of it being …
Instead of it being paper they are going to get lynch mobs with nail bats and machetes all of which have a score to settle with the banksters.
By MrRedPajamas on Feb 5, 2010 | Reply
My principal …
My principal went down $2000.00 in one year. I’m paying the INTEREST on the mortgage. Banks and bankers have been fleecing people for decades. Kill the bankers.
By anolmec on Feb 5, 2010 | Reply
You do not …
You do not understand what happened. The bank has a fudicary responsibility to make certain the loan they offer can be REPAID. It is THEIR responsibility. PERIOD. What the bank did do was combine a number of mortgages into a pool, and purchased insurance that the pool would under perform. Now were you offered any of that action? Did you know about that action? The bank sold the pools to investors. THEY NEVER LOST ONE DIME. You are suggesting one CONTINUES TO FEED A FRAUD.
By 10thAngel on Feb 5, 2010 | Reply
Don’t pay your …
Don’t pay your Mortgage, make the bank prove that the money existed before the transaction. They need (by law) have the funds for it, or otherwise they are baiscly, counterfiting the money.