"Xin, your article features several stories of people who successfully remained in their homes for extended periods of time, in default and not paying their mortgages. You presented no examples of the contrary position, and then posit "Are you more likely to walk away from your underwater mortgage knowing that you could possibly live in the home for another two years?"
Now you are suggesting you want banks to foreclose faster, which would subvert the entire point of your article. Or perhaps it's just that the point of your article is a bit fuzzy. I certainly took it as an endorsement of taking advantage of the lengthy foreclosure process, seeing as you presented no downside."
#19, forgive me if I'm wrong but I think Xin is talking about two different things here. When she's talking about the fact that people are staying in their homes for 18 months after defaulting, she is referring to something that "is". However, when she's suggesting that the foreclosure process should be faster and more efficient, she is referring to something that ought to be.
Establishing a difference between the two is crucial as one is a reality of our world while the other is an idealistic scenario.
I really don't intend to. I help two of my sons w/ their taxes & mine always seems to get done at the last minute... I always say that 'next year will be different, I will be first'.... Then life happens & I am last, again.
I'm definitely not "praising losers", but just showing that some of those who defaulted know exactly what the rules are. You can call them "losers", but really if they did not put down much of a downpayment then they did not lose much did they? Some of them were paying an expensive mortgage for a while, but if you factor in the free months of housing these folks got then the average "rent" they paid might not even be that high. I am not endorsing this, but I'm just saying that this is how it is now.
I procrastinate when it comes to house maintenance. Right now, the bathroom is calling to me for recaulking (has been calling for months). I'm just horrible at it and would utterly fail any sort of home ec/housekeeping class.
I am so good at procrastination! (Trust me, I have a sewing project for my bedroom curtains--the material has been laying on my ironing board--ironed--next to my sewing machine in my bedroom for 11 months straight! Still no curtains.) If there is something that has to be done, I can eventually get it done. But if there is something I'd rather do, I find a way to do what I'd like to do first!
(Mostly that "something" is reading, which is why I LOVE Amazon and would like to enter that contest--more reasons to procrastinate!)
If you use power strips to shut off every thing to save, what about the clocks and the channel settings that every time you turn it back on you would have to reset. When i unplug the tv, dvd i have to reset everything. Will it be the same with the power strip
You are right about your second point, I was contradicting myself. Foreclosures are good for those of us who don't have loans and are hoping prices will return to more normal levels.
I actually got my taxes done early, and usually do unless I'm waiting for W-2s and 1099s... but I tend to procrastinate most frequently about cleaning my apartment.
I procrastinate, but I always stay on schedule I give myself a "to be completed date" on most projects and I usually wait longer than I'd like to complete them, but I always do before my date.
Seems like half of the comments above are just there to win the prize.
do not know WHO the perpetrators are, the banks hold the $$$, have been bailed out by US (the taxpayers), but they're NOT going to share the wealth to get back in the same condition as when the bottom fell our of the market, the bailouts were staged to strengthen the banks' loan-making attitude, but new laws put in about those procedures have frightened the banks from making those loans to (U GUESSED IT) US, the taxpayers....it's a vicious cycle
forgives $250000 for single, $500000 for couple...a lawyer may or maynot help w/this b/c some are know as "whale..., shysters"...he'll take your cash but a lawyer even Real Estate lawyers, don't necessarily know the laws, except to their advntage.
YAY!!!!!! u think that might be WHY freddie mac & fannie mae got into trouble in the 1st place???? u think that might have to do with WHY we're in THIS mess???? u think that might be WHY our Prez went after the BS & missed the boat w/the underlying problem?????? u think we're scrud?????? I DO (hands held highest)
Well working as volunteer is not bad but when you start your work to help the people then ways automatically open for you.
I really appreciate your efforts which you put in this post. Good work and keep doing good work!
...or lack thereof. What I read in Paul Michael's article and in the examples you gave, is the commonality of "No character".
With a few exceptions, these are "all about me" people. It disgusts this reader.
@Guest - You bring up a great point, and sadly your experience is not entirely uncommon. This ebook does a good job of helping you suss out the good from the bad organizations by suggesting the best questions to ask and criteria to look for. I'm sorry you had a bad experience - hopefully it hasn't soured you from volunteering entirely...
For a cheap, fixed fee volunteer linking service, including support from initial linking to completion of a placement, check out www.links4change.com
They do not run their own placements but link volunteers with the need of organisations around the world. Placements are available worldwide and you can choose where, when and for how long you want to volunteer, all for one fixed price. They do not discriminate because of skills, experience, age or disability.
This enterprise offers a comprehensive service with as much or as little support as required. Not only does the organisation offer fantastic customer service and support but also offers the added reassurance that if, for whatever reason, you are not entirely happy with the placement, they will work to find you a new placement option for FREE (availability dependant).
They offer a free consultation to discuss your options so there's nothing to lose.
"I don't think so if you buckle down and get smart with your finances. My wife and I live on 50%, invest 25% toward retirement, and save the other 25% in cash for non-retirement investments. You just have to make the right choices and get things in check to live this way. I know it may be hard for some, but for those of us who do it, it's a great way to live!"
This assumes that you have an income that allows you to live on 50% of your income in reasonable comfort. I'm not even talking about debt or luxuries like running water, electricity, or a vehicle with which to get to work. Not everyone is in that position, not by a long shot.
It's a great idea, but one that comes out of a place of privilege. It's not just about "buckling down and making smart choices." It's also about having the opportunity to live in a part of the world where you can get the kind of job that allows you to live well above the
poverty line so that you have the chance to make choices, where the choice is "do we live on 50% of our income or spend lavishly?" rather than "do I buy food or medicine for my sick child?" Most of the world lives in a financial condition where the second choice hits closer to home.
I will agree that it sounds like a great way to live, always having enough of the necessities of life paid for with so much room to spare.
"Xin, your article features several stories of people who successfully remained in their homes for extended periods of time, in default and not paying their mortgages. You presented no examples of the contrary position, and then posit "Are you more likely to walk away from your underwater mortgage knowing that you could possibly live in the home for another two years?"
Now you are suggesting you want banks to foreclose faster, which would subvert the entire point of your article. Or perhaps it's just that the point of your article is a bit fuzzy. I certainly took it as an endorsement of taking advantage of the lengthy foreclosure process, seeing as you presented no downside."
#19, forgive me if I'm wrong but I think Xin is talking about two different things here. When she's talking about the fact that people are staying in their homes for 18 months after defaulting, she is referring to something that "is". However, when she's suggesting that the foreclosure process should be faster and more efficient, she is referring to something that ought to be.
Establishing a difference between the two is crucial as one is a reality of our world while the other is an idealistic scenario.
Wow, who knew these skimmers could look so authentic? And who knew you could find helpful articles on Google showing you how to make these items.
Glad I saw this and will now be on the lookout when I use my ATM.
I really don't intend to. I help two of my sons w/ their taxes & mine always seems to get done at the last minute... I always say that 'next year will be different, I will be first'.... Then life happens & I am last, again.
I'm definitely not "praising losers", but just showing that some of those who defaulted know exactly what the rules are. You can call them "losers", but really if they did not put down much of a downpayment then they did not lose much did they? Some of them were paying an expensive mortgage for a while, but if you factor in the free months of housing these folks got then the average "rent" they paid might not even be that high. I am not endorsing this, but I'm just saying that this is how it is now.
I procrastinate when it comes to house maintenance. Right now, the bathroom is calling to me for recaulking (has been calling for months). I'm just horrible at it and would utterly fail any sort of home ec/housekeeping class.
I already did my taxes, so gift card!
So we're praising losers with no conscience who don't make good on their debts? Wow.
I am so good at procrastination! (Trust me, I have a sewing project for my bedroom curtains--the material has been laying on my ironing board--ironed--next to my sewing machine in my bedroom for 11 months straight! Still no curtains.) If there is something that has to be done, I can eventually get it done. But if there is something I'd rather do, I find a way to do what I'd like to do first!
(Mostly that "something" is reading, which is why I LOVE Amazon and would like to enter that contest--more reasons to procrastinate!)
If you use power strips to shut off every thing to save, what about the clocks and the channel settings that every time you turn it back on you would have to reset. When i unplug the tv, dvd i have to reset everything. Will it be the same with the power strip
Only if I am a little burned out. So far I have been able to overcome it once I recognize what is going on.
I consider myself a pretty driven person.
You are right about your second point, I was contradicting myself. Foreclosures are good for those of us who don't have loans and are hoping prices will return to more normal levels.
Regards,
Scott Spinella
I actually got my taxes done early, and usually do unless I'm waiting for W-2s and 1099s... but I tend to procrastinate most frequently about cleaning my apartment.
I procrastinate, but I always stay on schedule I give myself a "to be completed date" on most projects and I usually wait longer than I'd like to complete them, but I always do before my date.
Seems like half of the comments above are just there to win the prize.
What a shame....
do not know WHO the perpetrators are, the banks hold the $$$, have been bailed out by US (the taxpayers), but they're NOT going to share the wealth to get back in the same condition as when the bottom fell our of the market, the bailouts were staged to strengthen the banks' loan-making attitude, but new laws put in about those procedures have frightened the banks from making those loans to (U GUESSED IT) US, the taxpayers....it's a vicious cycle
forgives $250000 for single, $500000 for couple...a lawyer may or maynot help w/this b/c some are know as "whale..., shysters"...he'll take your cash but a lawyer even Real Estate lawyers, don't necessarily know the laws, except to their advntage.
are paying for the bailouts...........
YAY!!!!!! u think that might be WHY freddie mac & fannie mae got into trouble in the 1st place???? u think that might have to do with WHY we're in THIS mess???? u think that might be WHY our Prez went after the BS & missed the boat w/the underlying problem?????? u think we're scrud?????? I DO (hands held highest)
Well working as volunteer is not bad but when you start your work to help the people then ways automatically open for you.
I really appreciate your efforts which you put in this post. Good work and keep doing good work!
...or lack thereof. What I read in Paul Michael's article and in the examples you gave, is the commonality of "No character".
With a few exceptions, these are "all about me" people. It disgusts this reader.
No use saving for later something that's usually unpleasant. I like to get things done and out of the way so that I can move on to the next task.
@Guest - Ooh: Great recommendations! Cheers.
@Guest - You bring up a great point, and sadly your experience is not entirely uncommon. This ebook does a good job of helping you suss out the good from the bad organizations by suggesting the best questions to ask and criteria to look for. I'm sorry you had a bad experience - hopefully it hasn't soured you from volunteering entirely...
You're right Julie, I should've titled it "How Long Can You Stay in Your Home After You Default on the Mortgage". :)
I procrastinate all the time - as I did before finally posting this comment! Fortunately, I have done my taxes, so I would love the Amazon gift card.
I am still working on graduate school applications; it has been three years so far... =)
For a cheap, fixed fee volunteer linking service, including support from initial linking to completion of a placement, check out www.links4change.com
They do not run their own placements but link volunteers with the need of organisations around the world. Placements are available worldwide and you can choose where, when and for how long you want to volunteer, all for one fixed price. They do not discriminate because of skills, experience, age or disability.
This enterprise offers a comprehensive service with as much or as little support as required. Not only does the organisation offer fantastic customer service and support but also offers the added reassurance that if, for whatever reason, you are not entirely happy with the placement, they will work to find you a new placement option for FREE (availability dependant).
They offer a free consultation to discuss your options so there's nothing to lose.
"I don't think so if you buckle down and get smart with your finances. My wife and I live on 50%, invest 25% toward retirement, and save the other 25% in cash for non-retirement investments. You just have to make the right choices and get things in check to live this way. I know it may be hard for some, but for those of us who do it, it's a great way to live!"
This assumes that you have an income that allows you to live on 50% of your income in reasonable comfort. I'm not even talking about debt or luxuries like running water, electricity, or a vehicle with which to get to work. Not everyone is in that position, not by a long shot.
It's a great idea, but one that comes out of a place of privilege. It's not just about "buckling down and making smart choices." It's also about having the opportunity to live in a part of the world where you can get the kind of job that allows you to live well above the
poverty line so that you have the chance to make choices, where the choice is "do we live on 50% of our income or spend lavishly?" rather than "do I buy food or medicine for my sick child?" Most of the world lives in a financial condition where the second choice hits closer to home.
I will agree that it sounds like a great way to live, always having enough of the necessities of life paid for with so much room to spare.