Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
November Snapshot - More Bad News for Team Pelosi
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 766848" data-attributes="member: 12570"><p>Not necessarily true although I will agree that some bought more house than they could afford. We average 3-4 forcelosures per day in the legals of my local paper. Not all of these are new as foreclosures have to be published for a certain number of days. Anyway, some of the amounts owed are so small that you have to think that, as Tie said, these folks have been trying and for whatever reason are no longer able to pay their mortgages. For example, there was one in there last week for $33K. The neighborhood usually supports home in the $100-125K range so this tells me they have been in the house for awhile and that something happened. </p><p> </p><p>Klein, bad things can happen to good people. Divorce, layoffs, job losses, unexpected medical expenses can be enough to put a couple that was already living paycheck to paycheck out on the street.</p><p> </p><p>On the plus side, if I were in the market for a new home and didn't mind putting a little work in to it, this is a great time to buy.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 766848, member: 12570"] Not necessarily true although I will agree that some bought more house than they could afford. We average 3-4 forcelosures per day in the legals of my local paper. Not all of these are new as foreclosures have to be published for a certain number of days. Anyway, some of the amounts owed are so small that you have to think that, as Tie said, these folks have been trying and for whatever reason are no longer able to pay their mortgages. For example, there was one in there last week for $33K. The neighborhood usually supports home in the $100-125K range so this tells me they have been in the house for awhile and that something happened. Klein, bad things can happen to good people. Divorce, layoffs, job losses, unexpected medical expenses can be enough to put a couple that was already living paycheck to paycheck out on the street. On the plus side, if I were in the market for a new home and didn't mind putting a little work in to it, this is a great time to buy. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
November Snapshot - More Bad News for Team Pelosi
Top