Walk away from your mortgage!
With banks refusing to help homeowners with their underwater mortgages, a New York Times story advocates simply walking away. On Countdown. Copyright MSNBC 2010 www.youtube.com Keith Olbermann housing market real estate mortgage default Countdown strategic default banks bankers
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you’re very welcome. thanks for watching.
yep, thanks.
yes it is.
even MSNBC takes a shot at the New York TImes?! LOL
Rob Menard and Tim Turner might have an even better solution than ‘walking away’. Please check them out and consider what they have to say.
That’s wonderful! Now why not keep going and claim outright ownership? If you check, you will still find out that you are merely a tenant and the state can swoop in any old time and take it. Matters not if you’ve paid in full. But there are ways to claim full ownership… Please check out Rob Menard and Tim Turner.
Thank you very much for the advice
I’m sorta hip to that…
and well wishes!
but sure no expert. I live in Europe and have
never had any illusions that I really “Own”
anything. Any power can do what you said
at most anytime they please. But is a very
dangerous hand to play. And if it happens;
Good Luck!
Peace.
Not only are millions walking away millions are not paying their credit cards.
The system needs to be restructured. so that all working people can afford a decent home and decent car. Just like it use to be in the 1950s and 1960s
Yes, it does need to be restructured. Thanks for commenting.
I was wondering when was the first real estate transaction in the americas ? After they stole the land who had the balls to sell it for pure profit after theft ? what goes around comes around
good point. thanks
@fal2grace where’s the end of the quarter totals dear?
not sure what you mean dell
defaulting mortgages and bank write off’s, losses
don’t think 4Q numbers are in yet; we’ll have to watdh.
well year end too soon
Why doesn’t the press talk about all the investors and people who flipped houses at this time. They are walking away from 100′s of mortgages and killing property values and neighborhoods.
walk away from the mortgage, perfect, just what the welfare state and the illegals and civil rights and blah blah blah,
I must be a racist right?
THIS IS ALL PLANNED OUT ,
You idiots are gonna get what you deserve if U don’t,
Buy guns and join the T-Party types.
Screw Ron Paul screw them all,
Here is what I can tell you,,,, you had better learn how to grow/hunt and preserve your food, learn to trade your skills,, and most important,, learn how to turn off your TV,, fo-eva,, foo
That’s right, it is just a business decision for us homeowners. These self-righteous banks can kiss my azz.
@Sinead522 well said
@fal2grace Thank you. Everything in this video is excellent and I agree with every bit of it. I have been trying to work with my servicer for over a year, i.e., loan mod attempts, etc., and have been shot down every single time. Conclusion, they have NO intention of helping me, so as far as I’m concerned they can have my house and stick it. I started my strategic default back in September!
@Sinead522 well good luck to you.
You shouldn’t have bought a house you couldn’t afford DIPSHIT.
@Ripple4135 You are a stupid jackass. I hope you get into this situation someday asswipe.
Is your mortgage underwater or can you not afford your house? There is a difference. The first situation sucks but it isn’t as big of a deal as people make it. The house is still the same house, it’s just currently worth less than it used to be. Fortunately, houses are long term purchases. Making the “business decision” to walk away from your mortgage was stupid. You’ll never own a home now.
As for the latter, that is a situation I will never be in. I spend much less than I make.