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benld74 (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 06:50 PM Original message |
OK Suppose your home is worth LESS than your current mortgage,,, |
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earthlover (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 06:54 PM Response to Original message |
1. That is easy.....it WON'T!!!! |
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sam sarrha (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 06:57 PM Response to Reply #1 |
2. that fucked us over,, went to get a refinance and we lost $20,000 on our home |
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benld74 (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 06:57 PM Response to Reply #1 |
3. Exactly |
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earthlover (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 06:59 PM Response to Reply #3 |
5. you guessed right.... |
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benld74 (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 06:59 PM Response to Reply #1 |
4. so the homewoner loses that much EQUITY? |
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earthlover (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 07:05 PM Response to Reply #4 |
8. the equity was already lost before the refinance.... |
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SheilaT (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 07:00 PM Response to Original message |
6. Yep. You won't be able to refinance |
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xiamiam (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 07:01 PM Response to Original message |
7. well thats the problem ...even with 20-25% down...thats eaten up with the housing bubble burst... |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 07:10 PM Response to Original message |
9. Well, you can make up the difference out of your fat 401K |
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Riley18 (883 posts) Send PM | Profile | Ignore | Sat Dec-27-08 09:05 PM Response to Original message |
10. The homeowners should get the bailout of a 3% mortgage. Why should we |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 10:47 PM Response to Original message |
11. This is the huge problem with all those adjustable rate mortages |
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Citizen Number 9 (878 posts) Send PM | Profile | Ignore | Sun Dec-28-08 01:02 AM Response to Original message |
12. October 2008 mortgage equity data shows that |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Mon Dec-29-08 01:26 AM Response to Original message |
13. Only options are a down payment... or... |
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Waiting For Everyman (1000+ posts) Send PM | Profile | Ignore | Fri Jan-02-09 01:25 PM Response to Original message |
14. You can try for a Streamlined Modification with your current lender. |
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