Nearly 50 percent leave Obama mortgage-aid program

Jiro said:
I hate that. The end result is ugly.


if your house is foreclosing - you cannot sell it.
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You can in TX....

You get plenty of notice here and can until the minute they throw you out. You can even sell while in foreclosure if you find a buyer before auction and the judge approves it.

But....my list is for those with the foresight to realize they are headed toward foreclosure after they miss the first payment. Yeah if one is dumb enough to miss several payments without taking action there is no helping them.
 
TXgolfer said:
You can in TX....

You get plenty of notice here and can until the minute they throw you out. You can even sell while in foreclosure if you find a buyer before auction and the judge approves it.

But....my list is for those with the foresight to realize they are headed toward foreclosure after they miss the first payment. Yeah if one is dumb enough to miss several payments without taking action there is no helping them.
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ah gotcha. something I learned today.
 
Foxrac said:
I want to be homeowner in near future and I wouldn't want buy a house if house market is unstable. I do know about pick the correct mortgage options and never buy a house if you don't have enough money to pay the mortgage off or not know how to balance the budget or don't have stable jobs.

I just learned from money management course at adult school for deaf students, of course I don't take this course but I'm just listen to them while wait for same teacher to help with my ACT.
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well - if the house market is unstable, that is GOOD for you! why? because it means the price is cheap for you to buy (assuming you have stable job with stable income). Unstable real estate market is bad for investment but good for potential homeowner.

Some of my friends benefit from it.
 
Jiro said:
"Once foreclosure is immenent you can..."

that would most likely means your house has been processed for foreclosure
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I read it to mean that the foreclosure process is looming as a near possibility; threatening or impending to begin but not yet begun.
 
Reba said:
I read it to mean that the foreclosure process is looming as a near possibility; threatening or impending to begin but not yet begun.
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I guess that'll work :giggle:
 
Jiro said:
well - if the house market is unstable, that is GOOD for you! why? because it means the price is cheap for you to buy (assuming you have stable job with stable income). Unstable real estate market is bad for investment but good for potential homeowner.

Some of my friends benefit from it.
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Oh damn, I forgot about this so thanks for correct my post.

and think twice before buy a house and make sure if you are satisfied with your life in city, if not then move around different cities until you satisfy with place before consider to buy a house.
 
Foxrac said:
Oh damn, I forgot about this so thanks for correct my post.

and think twice before buy a house and make sure if you are satisfied with your life in city, if not then move around different cities until you satisfy with place before consider to buy a house.
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most importantly - get a stable job
 
Foxrac said:
Why not?
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because some people are not too keen about living a repetitive, dull 9-5 lifestyle. I'd like to rephrase my previous statement.

"most importantly - get a stable flow of cash" :)
 
the best way avoid to buying house, then end up foreclosure like this. So, Purchase the nice or fancy trailer or RV, thats simple.. :P
 
XBGMER said:
the best way avoid to buying house, then end up foreclosure like this. So, Purchase the nice or fancy trailer or RV, thats simple.. :P
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Meh, trailers don't have much value and after you bought trailers so value will drop in over years.

Of course, I hate trailers, anyway.
 
Foxrac said:
Meh, trailers don't have much value and after you bought trailers so value will drop in over years.

Of course, I hate trailers, anyway.
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silly - trailer is not for investment. it's for cheap living.
 
Jiro said:
because some people are not too keen about living a repetitive, dull 9-5 lifestyle. I'd like to rephrase my previous statement.

"most importantly - get a stable flow of cash" :)
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What does "a repetitive, dull 9-5 lifestyle" have to do with a stable income?
 
Reba said:
What does "a repetitive, dull 9-5 lifestyle" have to do with a stable income?
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a full-time job with benefit like postal workers, administrative staff at colleges, government jobs, etc. less likelihood of getting fired/laid off.
 
Jiro said:
a full-time job with benefit like postal workers, administrative staff at colleges, government jobs, etc. less likelihood of getting fired/laid off.
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Not all stable jobs are dull, 9-5, or repetitive. In fact, not all dull, 9-5, repetitive jobs are very stable these days. Many of the layoffs are in those kinds of jobs.
 
Reba said:
Not all stable jobs are dull, 9-5, or repetitive. In fact, not all dull, 9-5, repetitive jobs are very stable these days. Many of the layoffs are in those kinds of jobs.
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hence - my post #32
 
Reba said:
Not all stable jobs are dull, 9-5, or repetitive. In fact, not all dull, 9-5, repetitive jobs are very stable these days. Many of the layoffs are in those kinds of jobs.
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He was responding to my ew....which was kinda a joke but serious at the same time.....I much preferred being a contractor and my own boss to a 9-5.

It was VERY tough early though.....not for the weak.

I am sure it is the same with you
 
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