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Topic:
Mortgage modifications: Winning!....? [Locked] |
Moe_Nox  Title: In Moe We Trust
Posts: 1,962
Registered: 2007-2-4 12:17:56
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage modifications: Winning!....? |
Tali, average is average, not modest. A cop with 5 kids is going to have a below average living style, without a doubt.
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The Nanny State cometh
Currency should be bacon cheeseburgers and blow jobs... - Reese
Life at the Outpost: http://www.collegehumor.com/video:1771556 |
Taliesihne Title: Wind on the Deep Waters
Posts: 1,117
Registered: 2004-2-19 04:47:59
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage modifications: Winning!....? |
With 5 kids, he is living below average.
He's doubling up kids rooms and they are beyond cramped for space. No way he has a 5 bedroom house at 250k.
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First comes smiles, then lies. Last is gunfire. -Roland Deschain, of Gilead
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paulg_68 Posts: 2,469
Registered: 2009-7-27 18:45:54
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage modifications: Winning!....? |
sweeny_comodore posted:
they place their bets on the mortgages failing.
im not a stock broker. i havent read anything about it months.
if you had a brain yould already know that that is one of the issues which specifically lead to the giant crash we experienced.
The financial meltdown was due to the fact that the banks were about to get killed on all the underwater mortgages. If they were about to make tons of money off of them like you think then explain why we bailed them out? We bailed them out from their massive incoming profitability? Does that make sense to you?
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage modifications: Winning!....? |
Taliesihne posted:
Hammerhand21 posted:
Are the guys who think a 250k house is extravagant living in the ghetto?
I guess.
We looked for 5 years before we bought. Everywhere.
225K is an extremely average home.
im north of chicago. about half way between there and milwaukee
even during the housing bubble average prices here were 150k-200k
i paid 130k its 3 levels, 3 bathrooms, 4 bedrooms....
now adays the forclosed homes are selling for well below 100k. they are being snatched up by the local rental companies.
has america gotten so out of touch that 2200/mo for a house payment is average?
thats what happened to the american dream.
it got priced out of reach for the majority of america
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Jesus? No, but there is indeed a god shaped hole in the heart of man, why is yours so empty? -- snarf igraine
the original monotheism: http://en.wikipedia.org/wiki/Phallus
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Mastara Posts: 1,446
Registered: 2004-12-29 22:52:21
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage modifications: Winning!....? |
Live there rent free until you have to leave. Stack some money and rent an apartment or house. After a couple years get another house. I knew a guy who was underwater like 100 grand. He filed bankruptcy and somehow or another managed to get the same house for cheaper lol. No clue how he did it but he did. Lucky dude.
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Mastatheimposta - 10L2 SB Merlin |
Groucho48  Posts: 821
Registered: 2003-10-22 03:00:14
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage modifications: Winning!....? |
paulg_68 posted:
sweeny_comodore posted:
actually youre dead wrong on that.
banks make a ton of money on these bad mortgages foreclosing
unless congress has fixed that since the market crashed
Please demonstrate your deep knowledge of the subject by telling us where they get the money from then.
Do they get it from the people who aren't paying them? Do they get it from the people they sell the house to for less than the mortgage was for? Where does all this money come from?
They bundled it up with a bunch more mortgages, and sold it to someone else. They took a cut of the original mortgage in fees and such and took a cut of the re-packaging. All the human beings involved got nice salaries and nice bonuses. Eventually, reality hit and the institutions took a bath, but, everyone connected to those institutions made out like...um...bandits.
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“Science is like sex: sometimes something useful comes out, but that is not the reason we are doing it.†– Richard Feynman
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Moe_Nox Title: In Moe We Trust
Posts: 1,962
Registered: 2007-2-4 12:17:56
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage modifications: Winning!....? |
Hammerhand21 posted:
Are the guys who think a 250k house is extravagant living in the ghetto?
There is a difference between extravagant and overpriced.
Some of you clearly enjoy the idea of being a mortgage bankers bish for the next 30 years.
$149,900
$75,500
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The Nanny State cometh
Currency should be bacon cheeseburgers and blow jobs... - Reese
Life at the Outpost: http://www.collegehumor.com/video:1771556
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Taliesihne Title: Wind on the Deep Waters
Posts: 1,117
Registered: 2004-2-19 04:47:59
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage modifications: Winning!....? |
250K in the nearest town with decent schools to me gets you a 3 bedroom house on a postage stamp for land. Or a 2 bedroom with a nice yard.
It gets considerably more where I actually am, but that's why we are here.
It's 300K for a shack anywhere north of me where the real cities and suburbs are.
Our real estate market hasn't completely collapsed though. The war on terror has been very good to the state of Virginia.
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Jesus saves, Allah protects, and Cthulhu thinks you'd make a nice sandwich
First comes smiles, then lies. Last is gunfire. -Roland Deschain, of Gilead
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage modifications: Winning!....? |
paulg_68 posted:
sweeny_comodore posted:
they place their bets on the mortgages failing.
im not a stock broker. i havent read anything about it months.
if you had a brain yould already know that that is one of the issues which specifically lead to the giant crash we experienced.
The financial meltdown was due to the fact that the banks were about to get killed on all the underwater mortgages. If they were about to make tons of money off of them like you think then explain why we bailed them out? We bailed them out from their massive incoming profitability? Does that make sense to you?
http://www.nytimes.com/2009/12/24/business/24trading.html?pagewanted=all
http://www.dailykos.com/story/2011/10/19/1028037/-Why-Did-the-Banks-Write-So-Many-Bad-Mortgages
http://www.economicpredictions.org/who-is-to-blame-for-the-financial-crisis.htm
The same banks who sold the subprime investments later bet against their own clients
the banks made a ton off the bad mortgages they were pushing on people.
why do you think they were pushing them on people?
or do you think the entire population of unqualified homeowners some how managed to con their way into these loans they couldnt afford?
do you think these people outwitted the banks by sneaking into these subprime loans? or maybe the bankers were just too stupid to realise these people shouldnt be getting these loans?
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Jesus? No, but there is indeed a god shaped hole in the heart of man, why is yours so empty? -- snarf igraine
the original monotheism: http://en.wikipedia.org/wiki/Phallus
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Moe_Nox Title: In Moe We Trust
Posts: 1,962
Registered: 2007-2-4 12:17:56
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Date Posted:
1/1/00 12:00am
Subject:
Mortgage modifications: Winning!....? |
Taliesihne posted:
It gets considerably more where I actually am, but that's why we are here.
Well if you understand that then you are smart, and obviously smarter than this cop.
Live where you can afford, and if you cannot, go elsewhere. They were clearly living above their means, which is the problem of our times apparently.
-----signature-----
The Nanny State cometh
Currency should be bacon cheeseburgers and blow jobs... - Reese
Life at the Outpost: http://www.collegehumor.com/video:1771556
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