Comments on: Upside Down on Your Mortgage? Buy A New House For Cheap, Then Default On the Old One! http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/ Adding a punchline to your bottom line Sun, 12 Feb 2012 16:51:57 +0000 hourly 1 By: شات http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-310673 شات Fri, 27 Jan 2012 23:50:51 +0000 http://www.punny.org/?p=617#comment-310673 thanx this topic very very good i will spend my time in this site thanx this topic very very good

i will spend my time in this site

]]> By: replica jewelry http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-310440 replica jewelry Thu, 26 Jan 2012 05:56:18 +0000 http://www.punny.org/?p=617#comment-310440 it is a marvelous post. thanks for the information.jtdyi it is a marvelous post. thanks for the information.jtdyi

]]> By: Loch Lomond Log Cabins http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-309364 Loch Lomond Log Cabins Sun, 01 Jan 2012 19:56:13 +0000 http://www.punny.org/?p=617#comment-309364 <strong>Just Wonderful...</strong> That is so super.... Just Wonderful…

That is so super….

]]> By: دردشة عراق الرومانسية http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-309059 دردشة عراق الرومانسية Sat, 24 Dec 2011 13:13:41 +0000 http://www.punny.org/?p=617#comment-309059 thank you a lot’s bro thank you a lot’s bro

]]> By: مركز تحميل زيرو http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-308301 مركز تحميل زيرو Fri, 09 Dec 2011 05:04:22 +0000 http://www.punny.org/?p=617#comment-308301 http://www.up-0.net I am presently working on http://www.up-0.net

I am presently working on

]]> By: wesdrth http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-307283 wesdrth Wed, 30 Nov 2011 03:12:15 +0000 http://www.punny.org/?p=617#comment-307283 Anyone who thinks this is a “great” idea needs to rethink that. You are committing fraud. Depending on your state the bank can go after your other home to recoup their losses and put a lien on it. They can garnish your wages, etc. Not only will your credit suffer, you could spend time in jail, lose your other home and be much worse off than you were before trying to “beat the system.” It’s unbelievable that someone would post a site encouraging this, but also unbelievable that so many would think it is such a great idea. Anyone who thinks this is a “great” idea needs to rethink that. You are committing fraud. Depending on your state the bank can go after your other home to recoup their losses and put a lien on it. They can garnish your wages, etc. Not only will your credit suffer, you could spend time in jail, lose your other home and be much worse off than you were before trying to “beat the system.” It’s unbelievable that someone would post a site encouraging this, but also unbelievable that so many would think it is such a great idea.

]]> By: John Carter http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-306921 John Carter Wed, 23 Nov 2011 22:13:51 +0000 http://www.punny.org/?p=617#comment-306921 what are the manifestations shown by a Bipolar child in proper diagnosis what are the manifestations shown by a Bipolar child in proper diagnosis

]]> By: Property Marbella http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-306865 Property Marbella Tue, 22 Nov 2011 09:14:05 +0000 http://www.punny.org/?p=617#comment-306865 A few banks have wised up to the buy-and-bail scheme and are now requiring people who buy a new home before selling the old to prove they can pay the mortgage on both of them. <A HREF="http://propertymarbellaapartments.com/">Property Marbella</A> A few banks have wised up to the buy-and-bail scheme and are now requiring people who buy a new home before selling the old to prove they can pay the mortgage on both of them. Property Marbella

]]> By: معهد http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-306750 معهد Sun, 20 Nov 2011 23:03:28 +0000 http://www.punny.org/?p=617#comment-306750 I have a presentation that I am presently working on ,,, and I have been looking for such information. <a href="http://www.delegnt.net/vb/showthread.php?t=27389">التقويم الهجري 1433</a> I have a presentation that I am presently working on ,,, and I have been looking for such information.
التقويم الهجري 1433

]]> By: You are are idiots http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-306309 You are are idiots Fri, 11 Nov 2011 01:53:17 +0000 http://www.punny.org/?p=617#comment-306309 Anyone who thinks this is a "great" idea needs to rethink that. You are committing fraud. Depending on your state the bank can go after your other home to recoup their losses and put a lien on it. They can garnish your wages, etc. Not only will your credit suffer, you could spend time in jail, lose your other home and be much worse off than you were before trying to "beat the system." It's unbelievable that someone would post a site encouraging this, but also unbelievable that so many would think it is such a great idea. Anyone who thinks this is a “great” idea needs to rethink that. You are committing fraud. Depending on your state the bank can go after your other home to recoup their losses and put a lien on it. They can garnish your wages, etc. Not only will your credit suffer, you could spend time in jail, lose your other home and be much worse off than you were before trying to “beat the system.” It’s unbelievable that someone would post a site encouraging this, but also unbelievable that so many would think it is such a great idea.

]]> By: LauraKentucky http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-306253 LauraKentucky Mon, 07 Nov 2011 08:21:54 +0000 http://www.punny.org/?p=617#comment-306253 Here's my predicament. Me and my husband purchased a home in 2006. We busted our butts to get it all together. My husband had a spinal cord tumor and after multiple surgeries as our main bread winner was forces to take permanet disabilty. It took 3 years, but with his back pay we got enough together to buy a very modest home that needed a lot of work, and we could afford it on his income alone. Not a big deal, but my health started to decline 2 years ago and I kept taking less hours at work and then lost my job all together after using 12 weeks of federal FMLA leave. I am unable to work now either. We did fine at first. I have private disabilty insurance that my employer provided and we have gotten by fine, we have made every payment and we struggle, but we have food, clothes and everything we need (Here's the problem) The home we purchased is in need of a lot of work that neither me nor my husband can physically do and we have absolutely no funds to make the improvements that we have been holding off on since my health started to decline. We bought this house from a house flipping company who financed it for us until we could get a traditional mortgage which we did. We got screwed in several ways. We paid less initially because we were going to do all the work, 2 months after we moved in the city started a HUGE road work project infront of our home, several of our neighbors sold for huge losses and that affected the value the bank put on our home when we worked our traditional mortgage that was going to give us the money needed to finish up our renovating. I am now sitting in a home that I can't complete that is killing us in heating bills due to terrible windows, no central air because that went out too. I could go on for days on all that needs done. I am handy and if physically able, we would have this house done one way or the other. Our credit is mediocre as with the massive amount of medical bills my hubby accrued with his tumor surgeries (even with insurance) we filed for bankruptcy and still got everything together and fixed our credit enough to purchase this home. I don't want to take the hit of a forclosure. Anyone out there that can send some advice my way other than to just let it go? We have homes on the market in gorgeous neighborhoods here that I would be proud to own, with minimal maintenance for me and my husband to take care of, but I got to figure out what to do with this piece of crap. I am proud that we have not gone into forclosure and made all our mortgage payments on time. We are a one car family and we NEVER buy things we can't afford. We don't even have credit cards. So everything is cash or layaway in this home. I want to move real bad. I am pretty sure most folks wouldn't have held out this long. Any suggestions? I will listen to anything at this point. Thanks Here’s my predicament. Me and my husband purchased a home in 2006. We busted our butts to get it all together. My husband had a spinal cord tumor and after multiple surgeries as our main bread winner was forces to take permanet disabilty. It took 3 years, but with his back pay we got enough together to buy a very modest home that needed a lot of work, and we could afford it on his income alone. Not a big deal, but my health started to decline 2 years ago and I kept taking less hours at work and then lost my job all together after using 12 weeks of federal FMLA leave. I am unable to work now either. We did fine at first. I have private disabilty insurance that my employer provided and we have gotten by fine, we have made every payment and we struggle, but we have food, clothes and everything we need (Here’s the problem) The home we purchased is in need of a lot of work that neither me nor my husband can physically do and we have absolutely no funds to make the improvements that we have been holding off on since my health started to decline. We bought this house from a house flipping company who financed it for us until we could get a traditional mortgage which we did. We got screwed in several ways. We paid less initially because we were going to do all the work, 2 months after we moved in the city started a HUGE road work project infront of our home, several of our neighbors sold for huge losses and that affected the value the bank put on our home when we worked our traditional mortgage that was going to give us the money needed to finish up our renovating. I am now sitting in a home that I can’t complete that is killing us in heating bills due to terrible windows, no central air because that went out too. I could go on for days on all that needs done. I am handy and if physically able, we would have this house done one way or the other. Our credit is mediocre as with the massive amount of medical bills my hubby accrued with his tumor surgeries (even with insurance) we filed for bankruptcy and still got everything together and fixed our credit enough to purchase this home. I don’t want to take the hit of a forclosure. Anyone out there that can send some advice my way other than to just let it go? We have homes on the market in gorgeous neighborhoods here that I would be proud to own, with minimal maintenance for me and my husband to take care of, but I got to figure out what to do with this piece of crap. I am proud that we have not gone into forclosure and made all our mortgage payments on time. We are a one car family and we NEVER buy things we can’t afford. We don’t even have credit cards. So everything is cash or layaway in this home. I want to move real bad. I am pretty sure most folks wouldn’t have held out this long. Any suggestions? I will listen to anything at this point. Thanks

]]> By: JG http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-306247 JG Sun, 06 Nov 2011 16:06:48 +0000 http://www.punny.org/?p=617#comment-306247 Don't take this article seriously. You'd be trading one bad can of worms for another. If you do further research, you can see that banks can put a lien on your new home or even force a sale, may be able to garnish wages, your other assets, etc. Don’t take this article seriously. You’d be trading one bad can of worms for another. If you do further research, you can see that banks can put a lien on your new home or even force a sale, may be able to garnish wages, your other assets, etc.

]]> By: Kim http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-306201 Kim Thu, 03 Nov 2011 19:04:23 +0000 http://www.punny.org/?p=617#comment-306201 I have heard of this but it doesnt sound as simple as they make it. My mother passed away & I wanted to move out of state to help my father who is ill also. I am underwater by about $68,000 and wanted to build on a piece of land my parents gave me. It sounded like a good plan as I dont have the down payment for a new mortgage & the land would serve as collateral for the down. I was going to rent my home & pull in rental income for 2 years as I was told by the banks that if you have a mortgage and try to get another one the banks require 2 years rental "income" in order for the 1st mortgage pymnt to not be counted against you when qualifying for the new loan. Anyway - in that two years of renting I could get my debt down considerably. Now with mom gone not sure if I want to build & be a homeowner at my age or be a landlord! Worked my a** off for 13 years to rebuild my credit after a messy divorce & abandonment situation so I am trying to preserve my credit but it doesnt look like that will happen! I have heard of this but it doesnt sound as simple as they make it. My mother passed away & I wanted to move out of state to help my father who is ill also. I am underwater by about $68,000 and wanted to build on a piece of land my parents gave me. It sounded like a good plan as I dont have the down payment for a new mortgage & the land would serve as collateral for the down. I was going to rent my home & pull in rental income for 2 years as I was told by the banks that if you have a mortgage and try to get another one the banks require 2 years rental “income” in order for the 1st mortgage pymnt to not be counted against you when qualifying for the new loan. Anyway – in that two years of renting I could get my debt down considerably. Now with mom gone not sure if I want to build & be a homeowner at my age or be a landlord! Worked my a** off for 13 years to rebuild my credit after a messy divorce & abandonment situation so I am trying to preserve my credit but it doesnt look like that will happen!

]]> By: Personal Blog http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-306195 Personal Blog Thu, 03 Nov 2011 15:56:30 +0000 http://www.punny.org/?p=617#comment-306195 Hi Author! Interesting topic. You have made various nice points in the post. Thanks a lot. Hi Author! Interesting topic. You have made various nice points in the post. Thanks a lot.

]]> By: Belstaff sale http://www.punny.org/money/upside-down-on-your-mortgage-buy-a-new-house-for-cheap-then-default-on-the-old-one/comment-page-3/#comment-305930 Belstaff sale Sat, 29 Oct 2011 06:47:01 +0000 http://www.punny.org/?p=617#comment-305930 Developing many energies within your golf behave onto initiates with your flexibility. Developing many energies within your golf behave onto initiates with your flexibility.

]]>