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Originally Posted by aimeecc
A friend of mine defaulted. ...~snip~...The bank messed up. He was angry, but didn't have the time or energy to fight it.
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Must be nice to be in that position.
Quote:
Originally Posted by aimeecc
I'm buying a home and staying far away from any adjustable rates... And praying the market doesn't continue to decline. I'd hate to buy it and find out 6 months later its going for $50k less.
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There are many in that exact situation right now. Part of this issue is just that. People cannot sell a house to cover what they still owe on it.