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DesertFlower

(11,649 posts)
7. i know 3 people who did this. one
Wed Jun 17, 2015, 04:27 PM
Jun 2015

made money on the deal. he took loans on the mortgage when the value was high. they all tried getting their mortgage lowered and got bullshit. "sign this paper" -- "no you signed different than last time or time expired -- start over again". yadda, yadda, yadda.

one bought her house with no money down and was paying $22-2400 a month to live in her own house. it was all interest. paid that for years. she tried a "short sale" and when that didn't work she let it go to foreclosure.

i don't know what i would have done in a situation like that. i like to think of myself as an honest person, but i really can't say that i wouldn't have done the same thing.

my late husband used to say "banks are evil". that was years before all this happened.

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