jaytrader43
New Contributor
Whatever happened to personal responsibility :s.
SPONSORED: GiganticWebsites.com: We Build Sites with THOUSANDS of Unique and Genuinely Useful Articles
30% to 50% Fastlane-exclusive discounts on WordPress-powered websites with everything included: WordPress setup, design, keyword research, article creation and article publishing. Click HERE to claim.Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.
Free registration at the forum removes this block.Also, what if your score drops 100 points but you are forgiven $100K of what you owe? Would that be a good deal for you?
One way would be to encourage a "short sale," in which the home is sold for less than the amount owed on the mortgage but the lender considers the debt paid off. Another option is a deed-in-lieu of foreclosure -- in which the borrower gives the property to the lender to satisfy a delinquent loan and to avoid foreclosure proceedings.
Looks like it could get easier for people to walk.
Am I reading this right? People will be able to walk without hurting their credit?
Obama administration to expand housing plan - Yahoo! Finance
I could see walking away if you couldn't make the payments, but doing it when you still can seems a little like stealing.
Am I reading this right? People will be able to walk without hurting their credit?
Un-FN-believable. At some point, people who make poor choices have to stop being rewarded for it.
have you asked yourself instead "where is MY bail out" Have you looked for ways to get a loan modification to yours? Have you looked for ways to not be the victim but to take action and have the system working in your favor?
have you asked yourself instead "where is MY bail out" Have you looked for ways to get a loan modification to yours? Have you looked for ways to not be the victim but to take action and have the system working in your favor?
Join Fastlane Insiders.