Keep paying. Let Feds step in... then do a short sale.

Jun 17, 2022
9:01:27am

Les IsMore All-American

Paid $460K for home in AZ in 2007. Never missed a payment. Did short sale in 2009 for $141K with bank paying closing costs. Bought next home in AZ in 2011.

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Les IsMore

Previous username: CougarThug
Bio page: Les IsMore
Joined: Sep 21, 2015
Last login: May 7, 2024
Total posts: 15,588 (49 FO)

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Messages

Author

Time

Scientists HATE this one trick to pay off your mortgage faster:

runitup590

6/17/22 7:31am

I sure hope this isn't a current homeowner.

Mister P

6/17/22 7:35am

Yikes!!!

Romex

6/17/22 7:35am

Wait, wait! I know this one!

Corn Pop

6/17/22 7:39am

It's very risky unless you're a bank.

vagabonder

6/17/22 7:45am

oh good point. identify as a bank

Cougarclaw

6/17/22 8:43am

Keep paying. Let Feds step in... then do a short sale.

Les IsMore

6/17/22 9:01am

I like this. When you decide to short sale it please call me! I will buy it

RoaroftheCougartails

6/17/22 9:08am

Bank didn't complain since we taxpayers had already bailed them out.

Les IsMore

6/17/22 9:12am

Banks don't get hurt in this situation. AZ is a little out of my wheelhouse for buying these as I am mainly in UT but I

RoaroftheCougartails

6/17/22 9:24am

Another thing to be aware of is that if you bought stock at $100/share and it

runitup590

6/17/22 7:40am

RE: Another thing to be aware of is that if you bought stock at $100/share and

Cougz19

6/17/22 8:18am

If your house goes up in value, do you pay longer than 30 years?

TADOW

6/17/22 7:42am

It's definitely something worth asking the bank if they are willing to do.

ochobeeguy

6/17/22 8:24am

The biggest suckers are renters.

ParentingNotForSissy

6/17/22 10:22am

I'm not a renter, I own my home. But I don't think there is an easy choice in

Mr. Rumsfield

6/17/22 10:29am

Lots of ways to mess up.

ParentingNotForSissy

6/18/22 1:41pm

Point of OP is not rent vs buy, or even whether they paid too much

runitup590

6/18/22 5:05pm

Pretty clueless take my friend.

jimmything

6/17/22 10:41am

Lots of people rent by choice.

ParentingNotForSissy

6/19/22 7:15am

Ok thanks for the sage words of wisdom.

HeismanTy

6/18/22 12:31pm

People who can’t afford a home are suckers ..

jimmything

6/18/22 4:39pm

Lots of people can afford a home but rent because it is easier.

ParentingNotForSissy

6/19/22 7:14am

What point are you trying to make here?

runitup590

6/19/22 7:47am

Lots of people rent. Many can own.

ParentingNotForSissy

6/19/22 4:05pm

Ok sounds good

runitup590

6/19/22 5:47pm

People rent because they can’t afford the down payment. Do you think

jimmything

6/19/22 10:10am

People rent for many reasons. Many can own.

ParentingNotForSissy

6/19/22 4:05pm

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