"underwater" mortgages

TheMercenary · 03-31-2010, 07:55 PM

So at the risk of repeating myself..

A friend of mine, both him and his wife, realatively speaking, blue collar workers, bought a house in 2004 that was way above his means. His thought was that he would try to "flip" the house. He got it at a good price for a short sale at $490k, it was originally sold at around $650k.

Well, he couldn't make a go of it and him and his wife got divorced, defaulted on the loan, and are now seeking assistance from the gobberment.

Why the fuck should we pay for this idiots bad investiment failures?

Guess what.

We are going to pay for him to get out of his loan.

03-31-2010, 07:55 PM	#11
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	So at the risk of repeating myself.. A friend of mine, both him and his wife, realatively speaking, blue collar workers, bought a house in 2004 that was way above his means. His thought was that he would try to "flip" the house. He got it at a good price for a short sale at $490k, it was originally sold at around $650k. Well, he couldn't make a go of it and him and his wife got divorced, defaulted on the loan, and are now seeking assistance from the gobberment. Why the fuck should we pay for this idiots bad investiment failures? Guess what. We are going to pay for him to get out of his loan.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)