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The Watercooler
Bailout effects
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<blockquote data-quote="busywend" data-source="post: 198848" data-attributes="member: 391"><p>Not only did they not explain these loans, many financial institutions implied that the worst would NEVER happen. Not to worry...yeah right. </p><p> </p><p>BBY - do not beat yourselves up about this. And do NOT give up the dream of owning your own home. It will take a few years to clear it up, but it will be possible again some day. Even if you have to claim bankruptcy, within a few years people are able to buy houses again.</p></blockquote><p></p>
[QUOTE="busywend, post: 198848, member: 391"] Not only did they not explain these loans, many financial institutions implied that the worst would NEVER happen. Not to worry...yeah right. BBY - do not beat yourselves up about this. And do NOT give up the dream of owning your own home. It will take a few years to clear it up, but it will be possible again some day. Even if you have to claim bankruptcy, within a few years people are able to buy houses again. [/QUOTE]
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