we cant get out of floridah either we lost all our equity. rents are cheap in this area (north tampa bay) so i will fight with gusto. but get this ……our county is so sick……..our unemployment peaked at 15% so we have alot of foreclosers retaled to housing. instead of helping the homeowners who were foreclosed on , by buying the property and then giving homeowners a new mortgage at what they bought it at they decided to approved people who have never owned a home before. alittle like robin hood. one sunday spread about this good “DEED” the county had an interview with the new home owners who bought his foreclosed home. with pictures of the home in the sunday paper. imagine if this was your house and in our small town the owners were probably still here renting. this is quite a quagmire that they have caused everyone. maybe some can help me understand. in 2006 i put 20% down on my home either hoping to pay off th emortgage or sell and buy a smaller home when the kids move out. of course all my equity is gone now and we are under water (was 260k now what ever some one can pay 70-100k) we did not take out the home equity loan and go on fancy vacation or redo the kitchen with granite. we lived and worked and my husband coached soccer. went to disney one time in 2007 . why is it that if i would have taken a home equity loan out you can do a chap 13 bk and have your equity loan wiped out (stripped???)
yet if you do a chap 7 you lose your house even though you were responsible. makes no sense to me
ps copy before you press post

that has been happening all night to me time out must have our ip addresses on their main computer big brother is watching

I feel like I am playing beat the clock..

Yeah, what’s up with that?

Is there a timer on posting?

There is no more bubble, no homebuyers, and only investors are interested in fixing up low income housing (Trans: instant slum project)

A few years ago there was an extensive article in the Baltimore Sun(paper) about the almost impossible task of buying, renovating, and re-selling an abandoned home in the city, even if purchased for $1. Between the fines, fees, permits, labor costs, material costs, income tax, capital gains and transfer and other taxes,(city and state) it was shown to be totally not worth the effort. At least to sell to a new homeowner. Concentrated rental is the way to turn a buck. “Rape, ruin, and run” has been replaced with “renovate, rent, and run”!

Mayor lady better get those bulldozers and backhoes humming. Detroit II here we come.

Guy down the block seems like a nice conscientious guy, too bad he can’t get the hell out!