05-10-2009, 08:37 PM
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#1 |
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Piggy Bank
Join Date: Mar 2008
Location: pa
Age: 35
Posts: 77
Rep Power: 5  |
mortgage bailout
call me retarded if you want, but I'm considering it. I currently have no problem making my mortgage payments, but if everyone else is getting help I might as well try. I was thinking of calling up my lender and telling them that I'm starting to have problems, just to see if I can work myself a deal. I've actually been contemplating skipping a mortgage payment or two if I have to. I know it will effect my credit score, but I just got a new car and have all the credit cards I could want. So by the time that I should need new credit these things should be off or so far in the past that they won't hurt much. My cousin lives in vegas and got caught with his pants down in the housing crunch, the bank has recently offered him 30 year fixed at 3%. If I could get something similar I could save myself a couple hundred a month. Oh my mortgage was just sold to B of A, one of the banks to fail the stress test. Looking for feed back and oppinions on this crazy idea. Yes, I know i'm stupid for concidering this, but I'm tired of people who made dumb decisions getting rewarded for it. So I'm looking to get in on the band waggon.
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05-11-2009, 12:06 AM
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#2 |
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Savings Advisor
Join Date: Aug 2006
Location: Central CT
Age: 32
Posts: 761
Rep Power: 7 |
it sucks being honest, doesn't it?
I feel your pain... it can't hurt to call and ask. I wouldn't do anything to effect your credit in any way though.
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Any thoughts or opinions are that of my own. Research your buys and sales on your own. I am not a stock broker. |
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05-11-2009, 03:37 PM
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#3 |
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Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 773
Rep Power: 7 |
you have nothing to gain from this. you would be better off trying to sell your house and renting from the new buyer.
if you don't care about your credit, thats one thing, but it would get damaged longer than people are willing to admit. you may NEVER be able to buy a house again. it sucks, but you need to just deal with how our government gives our money away. the only real way to win is to pay off the house and not pay any interest.
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This post does not express the opinions of the website, it's members, or its owner. Always invest with caution and do proper research. If you have questions, consult a paid, investment professional. |
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