I sort of gave my son the advice to walk away from his house, a couple of years ago, even though it's probably not what I would do in the same circumstance.
Indeed, when I owed the credit cards a fortune, I fought through to pay back though it didn't make much sense at the time.
Toby was too proud, and too stubborn to take my advice, and is currently in negotiations to 'short sell' his house.
Anyway, with all the recent news about foreclosures being in dispute, it might be a good argument for hanging in there. Because the guys trying to take over your house may be bogus.
These SOB's may not have the goods. They may not be able to Prove Their Legal ownership.
If enough people challenge these bastards in court -- "Prove to me that I'm actually supposed to pay you," maybe they'll will start being a bit more accommodating about adjusting the loans.
What a mess. And more proof that we Americans aren't so damn efficient after all. (As if we needed more proof after New Orleans and Iraq -- not to mention the potholed roads and broken down bridges....)
Indeed, when I owed the credit cards a fortune, I fought through to pay back though it didn't make much sense at the time.
Toby was too proud, and too stubborn to take my advice, and is currently in negotiations to 'short sell' his house.
Anyway, with all the recent news about foreclosures being in dispute, it might be a good argument for hanging in there. Because the guys trying to take over your house may be bogus.
These SOB's may not have the goods. They may not be able to Prove Their Legal ownership.
If enough people challenge these bastards in court -- "Prove to me that I'm actually supposed to pay you," maybe they'll will start being a bit more accommodating about adjusting the loans.
What a mess. And more proof that we Americans aren't so damn efficient after all. (As if we needed more proof after New Orleans and Iraq -- not to mention the potholed roads and broken down bridges....)