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Klarissa1 year ago

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It does not necessarily mean foreclosure because your house loses value, just like you don't automatically have money in your pocket when the price goes up.

If you could afford the mortgage when you bought it you should be able to afford it now.

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  hdthehn1 year ago
  
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  Klar-
  Fair to call this a legacy of Bush's legacy, caused by those citizens who voted for him, twice even.
  
  You think.
  
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    ADAGUY1 year ago
    
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    I tried "Amen!" and was knocked off as SPAM
    I then tried "Amen to that!" and it was knocked off as SPAM also.
    So lets try this.......
    I couldn't agree more!
    
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    mamasan1 year ago
    
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    yep a stinkin legacy at that!
    
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      JEBUS081 year ago
      
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      yeah, but theyll cling to the legacy part - stinkin or not
      
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  JEBUS081 year ago
  
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  i was actually lucky - we finished our basement last winter, and then refinanced - our house really is not worth what we refinanced at - nice to know a banker - or we would be hosed, not foreclosed - interesting, because when i talked to her she had a client refinance a new 450k after renovations, re-appraisal was at 350k, thats how that screws people- i had a small 2bed 2bath 1100sft for under 200k, and now 3bed 2.75bath for 205 - moral of the story its the rifanance that screws the person - imagine you are the 450k, no bank will re-fi which is what leads to the problem - i guess at 450 it might be a problem worth having, nonetheless, they got hosed throuht re-apppraisal, and its too late after the appraisal when the ball is rolling
  
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