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So... we've finally come to the decision to strategically default on our house in Lewis County, WA. We have been living in this house for 4 1/2 years with a high mortgage payment, and we are so up side down, we can't refinance, and we have too much income...
Started by gettingoutinwa on
, 7 posts
by 3 people.
Answer Snippets (Read the full thread at loansafe):
Also another quick update, we made an offer that was accepted on a small city lot in town .
We need to respond in the affirmative within 30 days, to avoid a Notice of Default Default.
Avoidance counseling.
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On Fri, 11 Sep 2009 12:57:35 -0700 (PDT), Youwang Wang <kinkysr@yahoo.com
GOONS and THUGS prepare for a "time of meanness."
------------
"Slashing Tires"
"Why President Obama should tread lightly on Chinese imports"
Editorial
Friday, September...
Started by Youwang Wang on
, 7 posts
by 5 people.
Answer Snippets (Read the full thread at omgili):
Manufacturers, they say, have
strategically moved into pricier, more profitable.
In Chinese imports.
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I'm all in! Constant lurker, now a club member. I unofficially started my walk 2 months ago (in my mind) and officially started on 3/13/2012 after a reaffirming meeting with an attorney. Here is my story:
My Mortgage Specifics
Goal, Plan: Strategic Default...
Started by StrategicDefaultInWA on
, 14 posts
by 5 people.
Answer Snippets (Read the full thread at loansafe):
In this situation, with a first and second mortgage, is it better to default on the first or second one first.
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Ask your Facebook Friends
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I bought a house in 2004 for $438,000 in California. Loan was an 5/1ARM for $390,000. I decided to refi next year into a fixed 30year loan. They added $5,000 to cover closing costs so the new loan is $395,000 with interest only for the first 10 years ...
Started by Calif Steve on
, 12 posts
by 6 people.
Answer Snippets (Read the full thread at loansafe):
If we keep paying the mortgage during the short sale we can buy again in two years with 20%... .
We do not have any kind of financial hardship but may after I retire and the payment and I go the strategic default route.
default route.
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Hello, I am new to the forum and I apologize if I posted this in the wrong area. I just wanted to ask if it would be worth it to attempt a short or should I strategicly default. I am in Florida and have my mortgage through Freedom Mortgage.
I am on time...
Started by usfpanther on
, 2 posts
by 2 people.
Answer Snippets (Read the full thread at loansafe):
HI usfpanther,
Welcome to the forum and thank you for joining
Since you are in a recourse state what most are concerned about with a short sale is that;
A) you would need to show a hardship, and without one, the lender is inclined to deny the short sale... .
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After receiving my latest tax assessment for my home and checking comparable homes in my area, I realize that I owe anywhere from $65 - 95K (depending on which assessment to believe) more on my home that what it's worth. This is home in which I had equity...
Started by QValencia on
, 10 posts
by 10 people.
Answer Snippets (Read the full thread at welltrainedmind):
DH and I have been.
Not worth it and not morally right.
Bad choices when there are no good ones available, but it would be quite different, to me, to default and the value of the house when you default, etc.
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First, here's my backstory:
In October 2006, I purchased a home with my wife. The mortgage was, and still is, only in my name. We put down $10,000 on a $188,125 purchase price, and in order to avoid paying PMI, our loan was structured with a primary mortgage...
Started by ILwalkAway on
, 1 posts
by 1 people.
Answer Snippets (Read the full thread at loansafe):
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Http://labusinessjournal.com/news/2012/mar/16/mpg- walk-away-downtown-office-building/
One of the big real estate investment trusts in town is walking away from their property on Bunker Hill in downtown. 2 Cal Plaza is the building at the top of Angels...
Started by Adam-la on
, 6 posts
by 6 people.
Answer Snippets (Read the full thread at redfin):
I take it that it's like the movie.
." So apparently a subsidiary of MPG owns it.
strategic default seem very drastic in the housing market, but even then the decision can is in default .
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This has the potential to be the dumbest question ever posted on AAM but please bear with me!
With lots of the western governments up to their necks in debt, what would happen if they came together over a weekend, say the US, the UK, France, Italy, Spain...
Started by Firefly on
, 3 posts
by 3 people.
Answer Snippets (Read the full thread at askaboutmoney):
For such a write down to happen governments....
Creditors include pensions, hedge funds, mutual funds, private investors, banks, central banks, I'm sure the list is endless .
Problem is that governments are the debtors and nobody knows exactly who the creditors are .
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One thing that i rather liked was the strategic Fantasy Crossover STGOD that was put up a while ago. So i was thinking about trying to start up a new one. For this reason i was thinking about having a new Strategic Fantasy STGOD. This is a basic sytem...
Started by Thanas on
, 17 posts
by 8 people.
Answer Snippets (Read the full thread at stardestroyer):
Default-Free Rowers, volunteers which have signed up to serve as rowers Quality
Default-Random....
Each Additional mast costs 15 lash out against their masters .
Mast as a default, those over 250 tonnes get two masts as a default.
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