By desertr0se2007 on Mar 20, 2009 | Reply

My stepson declared …
My stepson declared bankruptsy and within 3 years he was able to buy a home.

By sandroeleven on Mar 20, 2009 | Reply

true…i couldnt …
true…i couldnt get more info b/c she kept interrupting.

By misterwipedown on Mar 20, 2009 | Reply

the interviewer is …
the interviewer is exactly why people hate the mainstream media. Just trying to sell the story, but no real info.

By MiCasaMiDinero on Mar 20, 2009 | Reply

Although it’s true …
Although it’s true that GWB passed HR3648 to reduce tax consequences in a forgiven mortgage debt, this new law is not inclusive. It has various exclusions.
However, this law will definitely help reduce the tax consequences for many. My video explaining about HR3648 is titled “New Tax Rules for ShortSales”. You can also read about it at SCCRealEstateUNCENSORED com and search for HR 3648. A similar law which helps with state taxes in California is SB1055 also find it at the same website

By hotftuna on Mar 20, 2009 | Reply

are you sure about …
are you sure about the taxes?

By LeesSummitRealtor on Mar 20, 2009 | Reply

I disagree about …
I disagree about them having to pay taxes on it. Check out the law George Bush put in place in Dec 07. K Good.

By dudeulartv on Mar 20, 2009 | Reply

Oh and don’t forget …
Oh and don’t forget you have to work 3 or 4 times as hard for the same money that was worth a few more bucks just a few years back. This is .

By 1234stock on Mar 20, 2009 | Reply

mitchfoster43, it’s …
mitchfoster43, it’s much more complicated then that.

By mitchfoster43 on Mar 20, 2009 | Reply

These people are …
These people are getting foreclosed on a house they should have never been approved for in the first place. That’s what happens when a bank lends money to a person with a room temperature credit score and stated income.

By z28com on Mar 20, 2009 | Reply

Nigga please! I am …
Nigga please! I am not rich and I have trailers next to me and I am foreclosing. Get your head out of the clouds. Not everyone who forecloses a house is rich.

By JonahTorn on Mar 20, 2009 | Reply

This just so …
This just so important. Usery is a crime that can only be committed by the one lending. The borrower may not be wise, but
usery is a moral issue in many societies
and the Bible for all the Christians out there. The Bankruptcy laws changed what was affordable for people with credit cards who had what the could afford before changes were made in how payments are handled with interest & plus prime insted of a set amount like 2% of the total debt. They can change the rules to ruin a budget.

By athfcoz on Mar 20, 2009 | Reply

It’s ok. And don’t …
It’s ok. And don’t worry about any typos. We all make mistakes.

By JonahTorn on Mar 20, 2009 | Reply

I meant to type the …
I meant to type the word around not “aroound”.

In another post I meant oto type “One or two”

not “One or tow”.

I will try not to make so many spelling mistakes in the future and I am very sorry
for the typos I have already made.

By JonahTorn on Mar 20, 2009 | Reply

I was just using …
I was just using Adams County Colorado as a example of things that happen aroound the Country with loans like adjustable rate mortages.

By athfcoz on Mar 20, 2009 | Reply

I live in florida, …
I live in florida, not Colorado.

By JonahTorn on Mar 20, 2009 | Reply

Adams County …
Adams County Colorado has a high rate of forclosures with bankruptcy and some of those homes are one to three bedrooms. One or tow bedroom houses are bought with these flexible rate mortages because that is all some can be approved for, so they do not have to be rich to get the loan, but they need to be rich to keep it.

By 666XZ on Mar 20, 2009 | Reply

Amen
Amen

By athfcoz on Mar 20, 2009 | Reply

From what I see …
From what I see it’s just the people in the rich neighborhoods getting forclosed. I know this sounds cold, and I’m probably gonna get blasted for saying, but foe once, I’m actually thankfull I live in crime infested trailer park.

By moniequa on Mar 20, 2009 | Reply

Ha Ha ha
Ha Ha ha

By jyatlantic on Mar 20, 2009 | Reply

Prime example of …
Prime example of why fixed rate mortgages are essential.

On another note, buy low and sell high. If you have the means, these foreclosures present an ideal time to buy. Make sure to sell during the next housing boom!

By Anothercoilgun on Mar 20, 2009 | Reply

Credit is a joke …
Credit is a joke and robs people of free will and the right to pursuit happiness. Given I have no reason to have a bunch of stupid open credit accounts, my decision to not create accounts will cause me to pay more for the exact same items than others would. Beyond all logic and reason stupid as .

Don’t have so many. Don’t have so few. Don’t have them empty. Don’t have them near full. Don’t inquire on your credit. The list of childish disgrace goes on and on.

By YouChooseASide on Mar 20, 2009 | Reply

ya the fact is its …
ya the fact is its still your house untill they take it from you. So you can do what you what with your property. By the way that wasnt advise. it was merly a thought. you know freedom of thinking. think about it

By arbuge on Mar 20, 2009 | Reply

Threatening …
Threatening criminal action will get you in even bigger trouble. That’s really bad advice.

Figuring out your a way – any way – to meet your obligations is what you should do. Work three jobs if you have to.

By YouChooseASide on Mar 20, 2009 | Reply

Just tell the …
Just tell the lender that IF they make you pay the taxes on it you will just destroy the property before you leave. If he gives you a letter that lets you of the tax part you will leave the house in good condition, if not tell them good luck in trying to resell the house