Who cares what she's endorsing? this is good information to keep somebody from becoming homeless. That's important. you absolutely have to hustle where you can get it. To play by an honest mans' rules with a con-artist is idiotic. They're the one's throwing YOU out- let them do the work to ruin your plans.
You aren't a problem for them yet, so they don't have to help you. Just think about becoming the person that answers the phone at Citi. Their job is to keep customers paying, or to get customers who aren't paying to start paying. You are still paying your bill, so you are an easy fix. All he or she needs to do is tell you there's nothing we can do for you, and send you on your way.
I actually find it almost unbelievable that they told you what it would take for them to start caring about your mortgage. They must have really wanted you off the phone!
from what I've seen locally, it doesn't help the neighborhood to have people squatting in their homes. In our neighborhood, those people who have stopped paying their mortgages have also stopped mowing their yard, stopped taking out their trash, leave their crap on the yard, and have just basically let the house go to waste.
I guess if you aren't paying for the house, then you probably aren't going to want to pay to keep it up. If I were in their shoes, I would probably act the same way, and live there as long as the bank allowed.
However, I would rather see my home's value go down because neighboring houses have been foreclosed on. It's still going to be easier to sell mine when ready with that situation than to try and sell my house with trashed houses between me and my potential buyers.
I personally know someone who stayed in the foreclosed home for 2 1/2 years before leaving, he finally found another job in a different area. The house was in the girlfriends name, she passed away, and he decided to stay until someone told him to leave. They NEVER did. He just kept paying the utilities, never got a notice, no one ever came to the door. We thought it may be because the house is in Michigan, the mortgage was held by a bank in California. But if he had left, the house would be trashed. You can't leave an empty house in Michigan with no heat, pipes burst, plaster cracks etc. etc. It did sit empty for almost a year, and then I saw someone was living there again. I wonder if the bank knew?
Sam -- couldn't agree with you more r.e. the following:
Ban fried food (or at least hydrogenated fats), high fructose corn syrup (look up what it does to your internal organs)and any chemical made in a lab that's currently put into food and peoples health care expenses will plummet as their bodies get better.
If there's an important email, I'll procrastinate until the last minute because I'm afraid of saying the wrong thing. I'll write part of it but then it will sit in my drafts folder FOREVER! Not good since this happens with IMPORTANT emails.... *sigh*
I wrote something about this a while back on Queercents.
Frugality is one form of Procrastination....some people hate to clean so put it off...the Frugal hate to spend money so we put off buying things.
While WE don't call it Procrastination, instead mainly "delayed gratification", to many of my friends they think/say I procrastinate when I need to buy something or something needs to be replaced.
I'm just looking for the best price/deal while making sure the "thing" that needs replacing is truly worn out or perhaps even deciding if its something I really need to have in the first place.
I didn't take this as an endorsement or encouragement to stop paying the mortgage, although I was a bit confused at first about the title as I did stop paying my mortgage, after I finished paying my loan in full last year.
Staying in a foreclosed home is an interesting idea, and sadly, something that my grandparents ended up doing during the Great Depression. The bank foreclosed but since no one could afford to buy the house, they stayed -- I don't know all the details but presumably they rented and made monthly payments by taking in boarders. They didn't have medical problems then and both (grandfather and grandmother) worked in outside jobs.
I live by the Procrastinator's Creed. I procrastinate on everything, except bills and arriving somewhere on time. I can't seem to get things done if I don't have a deadline looming over me.
I promise I'll post a reply soon...hopefully before the deadline. I really want to win that amazon giftcard for a water filter I've been meaning to buy. Thanks!
Yes, definitely on pretty much everything. Except doing taxes this year because my husband already did it. But wait until next year when it's my turn to do it!
I think it's important that, before you begin diving into student loans, you try to exhaust all other options first. For instance, make sure you've looked at scholarship and grant options at the various schools you are considering attending.
When you consider the various schools, also consider the cost of living differences between one town and another. Once you know that you definitely need student loans, try to borrow only what's necessary, and do your homework on the various types and repayment plans. Here's a website gives a rundown of different loan types.
While I can't feel too bad for huge banks who've taken us all for a ride I have some feeling that not paying your property taxes is putting your neighbors and your kids in a bind. Most of us are getting some services from our local governments that property taxes are funding.
Your finances are a result of either conditions or choices.
A condition would be losing your job, becoming disabled, etc. If the condition will be temporary then a loan modification might work. Otherwise, sell the house, take the loss and move on. Or contact the lender and offer to give them a deed in lieu of foreclosure.
Most of the examples in this article are the result of bad choices. Too much debt, lack of fiscal discipline, whatever you want to call it. These same people now want to walk away from their responsibility but not before getting 12-18 months of free rent out of the deal.
When we condone strategic defaults everyone loses. Credit will be harder to get and property values will remain depressed which means those of us who actually live up to our obligations end up paying the price.
Be a responsible citizen-live up to your agreements or move out and move on.
I need to get better at not underestimating the time it takes for certain tasks involving paperwork (taxes) and not assuming I'll do them flawlessly right before the deadline.
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.
I don't know, the "blame the lender" attitude rubs me the wrong way . . . particularly in the story of Shawn Aaron.
Any housework is put off for as long as possible.
Who cares what she's endorsing? this is good information to keep somebody from becoming homeless. That's important. you absolutely have to hustle where you can get it. To play by an honest mans' rules with a con-artist is idiotic. They're the one's throwing YOU out- let them do the work to ruin your plans.
You aren't a problem for them yet, so they don't have to help you. Just think about becoming the person that answers the phone at Citi. Their job is to keep customers paying, or to get customers who aren't paying to start paying. You are still paying your bill, so you are an easy fix. All he or she needs to do is tell you there's nothing we can do for you, and send you on your way.
I actually find it almost unbelievable that they told you what it would take for them to start caring about your mortgage. They must have really wanted you off the phone!
from what I've seen locally, it doesn't help the neighborhood to have people squatting in their homes. In our neighborhood, those people who have stopped paying their mortgages have also stopped mowing their yard, stopped taking out their trash, leave their crap on the yard, and have just basically let the house go to waste.
I guess if you aren't paying for the house, then you probably aren't going to want to pay to keep it up. If I were in their shoes, I would probably act the same way, and live there as long as the bank allowed.
However, I would rather see my home's value go down because neighboring houses have been foreclosed on. It's still going to be easier to sell mine when ready with that situation than to try and sell my house with trashed houses between me and my potential buyers.
I never procrastinate. I just get things done in the order of importance, and let the work lie fallow until it's needed.. teehee.
I personally know someone who stayed in the foreclosed home for 2 1/2 years before leaving, he finally found another job in a different area. The house was in the girlfriends name, she passed away, and he decided to stay until someone told him to leave. They NEVER did. He just kept paying the utilities, never got a notice, no one ever came to the door. We thought it may be because the house is in Michigan, the mortgage was held by a bank in California. But if he had left, the house would be trashed. You can't leave an empty house in Michigan with no heat, pipes burst, plaster cracks etc. etc. It did sit empty for almost a year, and then I saw someone was living there again. I wonder if the bank knew?
Sam -- couldn't agree with you more r.e. the following:
Ban fried food (or at least hydrogenated fats), high fructose corn syrup (look up what it does to your internal organs)and any chemical made in a lab that's currently put into food and peoples health care expenses will plummet as their bodies get better.
I
..and here I am in a neighborhood where houses are selling for up to $50,000 less than what I paid 5 years ago.
I am blessed to be able to pay, but the banks and their games leading up to this financial mess make me want to stop paying sometimes.
If there's an important email, I'll procrastinate until the last minute because I'm afraid of saying the wrong thing. I'll write part of it but then it will sit in my drafts folder FOREVER! Not good since this happens with IMPORTANT emails.... *sigh*
I wrote something about this a while back on Queercents.
Frugality is one form of Procrastination....some people hate to clean so put it off...the Frugal hate to spend money so we put off buying things.
While WE don't call it Procrastination, instead mainly "delayed gratification", to many of my friends they think/say I procrastinate when I need to buy something or something needs to be replaced.
I'm just looking for the best price/deal while making sure the "thing" that needs replacing is truly worn out or perhaps even deciding if its something I really need to have in the first place.
I didn't take this as an endorsement or encouragement to stop paying the mortgage, although I was a bit confused at first about the title as I did stop paying my mortgage, after I finished paying my loan in full last year.
Staying in a foreclosed home is an interesting idea, and sadly, something that my grandparents ended up doing during the Great Depression. The bank foreclosed but since no one could afford to buy the house, they stayed -- I don't know all the details but presumably they rented and made monthly payments by taking in boarders. They didn't have medical problems then and both (grandfather and grandmother) worked in outside jobs.
I live by the Procrastinator's Creed. I procrastinate on everything, except bills and arriving somewhere on time. I can't seem to get things done if I don't have a deadline looming over me.
Gift card please since the taxes are done.
Sadly, I have only procrastinated twice in my 62 year life. The one occasion was a colonoscopy issue, and the other situation I can not remember.
GC
I use Baarter.com, it's free and easy to use. No having to signup or create a profile, just post.
Baarter.com
heck if it is as simple as adding zeros they should do that to my bank account too.
I promise I'll post a reply soon...hopefully before the deadline. I really want to win that amazon giftcard for a water filter I've been meaning to buy. Thanks!
Yes, definitely on pretty much everything. Except doing taxes this year because my husband already did it. But wait until next year when it's my turn to do it!
GC
I think it's important that, before you begin diving into student loans, you try to exhaust all other options first. For instance, make sure you've looked at scholarship and grant options at the various schools you are considering attending.
When you consider the various schools, also consider the cost of living differences between one town and another. Once you know that you definitely need student loans, try to borrow only what's necessary, and do your homework on the various types and repayment plans. Here's a website gives a rundown of different loan types.
http://www.studenteducationloan.us
Even though you don't have to make payments while in school, remember that every little bit helps to keep down those interest charges.
Do they keep paying the property taxes?
While I can't feel too bad for huge banks who've taken us all for a ride I have some feeling that not paying your property taxes is putting your neighbors and your kids in a bind. Most of us are getting some services from our local governments that property taxes are funding.
Your finances are a result of either conditions or choices.
A condition would be losing your job, becoming disabled, etc. If the condition will be temporary then a loan modification might work. Otherwise, sell the house, take the loss and move on. Or contact the lender and offer to give them a deed in lieu of foreclosure.
Most of the examples in this article are the result of bad choices. Too much debt, lack of fiscal discipline, whatever you want to call it. These same people now want to walk away from their responsibility but not before getting 12-18 months of free rent out of the deal.
When we condone strategic defaults everyone loses. Credit will be harder to get and property values will remain depressed which means those of us who actually live up to our obligations end up paying the price.
Be a responsible citizen-live up to your agreements or move out and move on.
You can never leave your pets in the car in the summer. Dogs natural temp. is 102. If we are hot...they are hotter.
I need to get better at not underestimating the time it takes for certain tasks involving paperwork (taxes) and not assuming I'll do them flawlessly right before the deadline.
Gift card please.
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.
I put off unpleasant phone calls.
Okay, I put off most any phone calls as I tend to find all of them unpleasant.
And looking for a new job.
The worst.
Already did my taxes, so I'll go with the $20 gift cert.