Why should a home owner keep paying on a home when they are upside down? Is there some sort of moral aspect to paying on a mortgage even when its so severely upside down that the ‘home owner’ has become…in essence…a tenant with their mortgage company as their landlord?
You might be surprised to learn that
Strategic Defaults Increasing Dramatically | Why Keep An Upside Down Home? – Fresno, CA
(Short Sale Fraud) Short Sale Supervisor Talks to a Real Estate Agent – Recorded Conversation
Via: jeremybrandt.com
The Short Sales and Bank Fraud story continues to gain traction. After CNBC aired the story we brought them, dozens of other media outlets, bloggers and authorities have contacted me to discuss this topic.
Here is the story of how this fraud initially came to our attention, along with the evidence to back it up.
Last … Read More
Wells Fargo Short Sale Approved! Crazy story! – Fresno, CA
Wells Fargo Short Sale Approved! – Fresno, CA
I got another short sale approved, this property has a first and second mortgage both with Wells Fargo. This short sale was a very interesting one. In my negotiations with Wells Fargo I felt like I was dealing with a bi-polar, split personality, schizophrenic crazy person. .. I’ll … Read More
Why Would YOU Keep An Upside Down Home? – Fresno, CA
Let me be 100% clear…I didn’t write this post…its from another blog….
With that said, he makes many excellent points…points I DO agree with.
Read this and share your comments.
Source: Market-ticker.denninger.net
I’m tired of the repeated bull-crap from the media and various carny barkers about “moral obligations” to meet your payments on underwater property.
Good news for Fresno Homeowners Behind on Their Mortgage: Feds Incentivize Short Sales
This is great news for Fresno homeowners. I’ve been expecting this for quite a while, and really, it’s just the beginning. Short sales are the best option for homeowners in Fresno right now. It saves your credit from foreclosure and completely eliminates the debt. And the new trend as of late, is getting homeowners who … Read More
Should Homeowners Be Able To Walk Away From Mortgage?
Must watch video:
Here is the bottom line…according to this professor..not only has the negative social stigma of a foreclosure gone away…but, now doing a strategic default (short sale or foreclosure) is seen as being financially smart…
What’s YOUR opinion? Please comment below.
Should You Choose a Short Sale Over a Foreclosure?
Source: Elizabeth Weintraub, About.com Guide
A reader asks: My husband and I have been making our mortgage payments every month even though our home is underwater. We owe a lot more than our home is worth. Now, my husband has lost his job. We’re thinking about walking away from our home and letting it go to foreclosure, … Read More
