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Reply #6: The value of the property has no effect on the persons ability to pay their mortgage. [View All]

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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-31-10 02:39 PM
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6. The value of the property has no effect on the persons ability to pay their mortgage.
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  -wow. 69.9% of mortgages in Nevada are under water. wow. Liberal_in_LA  Aug-31-10 02:23 PM   #0 
  - "wasn't aimed at people, but press releases"  joeybee12   Aug-31-10 02:25 PM   #1 
  - This is why Angle has a chance  Hawkowl   Aug-31-10 02:26 PM   #2 
  - i'm guessing that part of that = a high percent of "investor"-owned properties in the 3 leading  Hannah Bell   Aug-31-10 02:27 PM   #3 
  - Amazing the numbers are still that high  marginlized   Aug-31-10 02:31 PM   #4 
  - And in SD. I would guess that the majority of those...  prairierose   Aug-31-10 02:40 PM   #7 
  - This is what happens when banks issue interest only loans and the like.  uncommon   Aug-31-10 02:36 PM   #5 
  - The value of the property has no effect on the persons ability to pay their mortgage.  RB TexLa   Aug-31-10 02:39 PM   #6 
  - This is true. You don't lose your home for being under water.  JVS   Aug-31-10 02:42 PM   #8 
  - Yup. And each payment lowers the mortgage balance. people forget that  Liberal_in_LA   Aug-31-10 02:42 PM   #9 
  - Um, it means that an owner who runs into trouble won't be able to cover his loan with a sale.  Romulox   Aug-31-10 04:05 PM   #17 
  - +1 100% of renters are "under water", as they have no equity stake at all! /nt  jberryhill   Aug-31-10 04:48 PM   #18 
  - The loan modification program was designed for the mortgage holders  gratuitous   Aug-31-10 02:45 PM   #10 
  - Those statistics are just so unbelievable - the scale of losses is mindboggling.  closeupready   Aug-31-10 02:50 PM   #11 
  - For a decade or more, "EZ-Credit"..nothing-down mortgages  SoCalDem   Aug-31-10 02:53 PM   #12 
  - Didn't know there was that much water in Nevada.  damntexdem   Aug-31-10 03:06 PM   #13 
  - No worries...  ljm2002   Aug-31-10 03:21 PM   #14 
  - Butt Teh Stcok Mrketz Is Aboove 10K. Everyingz GOOOOOODZ!!!!!1111  TheWatcher   Aug-31-10 03:23 PM   #15 
  - 70%???  BlueCheese   Aug-31-10 04:01 PM   #16 
 

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