Foreclosure "epidemic"

[Daredevel7]

No, that is why a good rule of thumb is to have 12 months of house payments in savings before buying......Can't afford to do that?? Don't buy....simple.

Oooops... bought a house recently.... I don't think I had that much in savings...

Oh wait.. never mind. I got the tax credit. w00t!

 

[TXgolfer]

Oooops... bought a house recently.... I don't think I had that much in savings...

Oh wait.. never mind. I got the tax credit. w00t!

LOL......well most don't. But it's a good rule of thumb. Even more so when you run your own biz like I did. You never know when the phone might stop ringing for a while.

 

[TXgolfer]

That is one of the problems. They lose their jobs they thought secure and fall through the cracks. I have heard of towns where the sheriff refuses to evict people from foreclosed homes. Good.

I find that difficult to believe. That is their job. Foreclosure IS a legal process.

 

[Daredevel7]

LOL......well most don't. But it's a good rule of thumb. Even more so when you run your own biz like I did. You never know when the phone might stop ringing for a while.

Ohh.. yea very true! That's definitely less of a job security!

 

[Beowulf]

I find that difficult to believe. That is their job. Foreclosure IS a legal process.

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Post removed on second thought.

 

[diehardbiker]

Yup, this is true had happened in Chicago, sheriff refused to hand down foreclosure, where he thinks is not right thing.

I find that difficult to believe. That is their job. Foreclosure IS a legal process.

 

[TXgolfer]

Yup, this is true had happened in Chicago, sheriff refused to hand down foreclosure, where he thinks is not right thing.

He should be removed from duty then....unless there was a legitimate reason

 

[Beowulf]

Nawww, people should be up in arms about it. Barricades, violence, uniforms swan-diving into the streets. Then maybe something can be worked out.