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The Watercooler
Auctioning the House May 1
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<blockquote data-quote="DammitJanet" data-source="post: 524064" data-attributes="member: 1514"><p>Hugs Susie. You are where I am worried Jamie could be any time now. He is way upside down on his mortgage because he bought right before the housing dropped and they saw him coming like a lamb to slaughter. No one should have sold a dumpy townhouse to a 22 year old kid for 150K when he was only making like 37K a year...maybe 40K if he pulled all the overtime he could catch. Now his house has dropped to about 60K and he can never get out of it. He is stuck. He is trying for the bailouts but who knows. He hasnt missed any payments so who knows if he can get his loan reduced. He cant go for bankruptcy because he would get fired. </p><p></p><p>I hope you are able to get into a nice apartment and settle in and just breathe for awhile where a landlord has to worry about all the repairs and stuff. Its a pain to have to be responsible for all that.</p></blockquote><p></p>
[QUOTE="DammitJanet, post: 524064, member: 1514"] Hugs Susie. You are where I am worried Jamie could be any time now. He is way upside down on his mortgage because he bought right before the housing dropped and they saw him coming like a lamb to slaughter. No one should have sold a dumpy townhouse to a 22 year old kid for 150K when he was only making like 37K a year...maybe 40K if he pulled all the overtime he could catch. Now his house has dropped to about 60K and he can never get out of it. He is stuck. He is trying for the bailouts but who knows. He hasnt missed any payments so who knows if he can get his loan reduced. He cant go for bankruptcy because he would get fired. I hope you are able to get into a nice apartment and settle in and just breathe for awhile where a landlord has to worry about all the repairs and stuff. Its a pain to have to be responsible for all that. [/QUOTE]
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Auctioning the House May 1
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