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Reply #10: I was under the impression that when time came to reset [View All]

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Mojorabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-07-11 04:39 PM
Response to Reply #8
10. I was under the impression that when time came to reset
if more owed than house is worth, redoing the financing would be difficult? I have a low
fixed on my house so am not an expert on the financing angle.
Here in Fl we have 50 percent of mortgages underwater. It was a huge building and flipping
of homes that went on here. There are for sale signs everywhere.
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  -2012 Mortgage Delinquencies Seen Dropping Sharply Purveyor  Dec-07-11 11:02 AM   #0 
  - old old chart I post periodically  Mojorabbit   Dec-07-11 11:08 AM   #1 
  - According to that chart, we're through the worst of the Option ARM storm. nt.  Hosnon   Dec-07-11 11:45 AM   #2 
  - And as I mentioned when I first saw it  dmallind   Dec-07-11 12:25 PM   #5 
     - Unless most are underwater and the banks  Mojorabbit   Dec-07-11 02:13 PM   #7 
        - ARM or refi? Two different things  dmallind   Dec-07-11 02:36 PM   #8 
           - I was under the impression that when time came to reset  Mojorabbit   Dec-07-11 04:39 PM   #10 
  - Logical considering pretty much the only people still in houses are  Myrina   Dec-07-11 12:08 PM   #3 
  - PEAK of less than 7% fell behind nt.  dmallind   Dec-07-11 12:23 PM   #4 
  - *1  Zorra   Dec-07-11 05:04 PM   #12 
  - That's like telling someone who is bleeding that it will stop soon,  jtuck004   Dec-07-11 01:50 PM   #6 
  - And how many do you think are behind ("bleeding")?  dmallind   Dec-07-11 02:50 PM   #9 
     - I was referring to the 2.9 million of our neighbors who got a foreclosure notice in 2010,  jtuck004   Dec-08-11 04:12 PM   #15 
  - IF...IF...IF...IF...IF!!!!!  SoCalMusicLover   Dec-07-11 04:51 PM   #11 
  - Transunion's predictions are based on several highly shaky  coalition_unwilling   Dec-07-11 05:13 PM   #13 
  - Or, you know, it could increase. Or remain the same.  Fool Count   Dec-07-11 05:53 PM   #14 

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