Those jerks of a mortgage company! DH called from work and the house we let go in a Chapter 7 BK last year is FINALLY on the market for sale. We discharged $73,000 and it's on the market for $42,900! They couldn't help us when we needed it, now they aren't getting the full balance anyway. Nimrods!
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Petition Filed 6/4/07 :clapping:
341 meeting 7/31/07 :clapping: :unsure:
First Meeting Held and Trustee's Report of No Distribution 8/2 :yahoo::yahoo:
10/15/2007 - DISCHARGED!:yahoo::yahoo::yahoo: -
wow, that's an inexpensive house. You couldn't get a closet in New York for that!
Our condo is 1100 square feet or so ....$180KFiled: October 1, 2007 341: December 10, 2007
CONFIRMED: December 10, 2007
Payment: $825 / Mo. for 5 Years-29 MONTHS OF Pmts Down 23 to go!
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You wouldn't get a closet here either for that amount.Originally posted by MajorMike View Post
And a condo at 1100 sq ft would be more than 180k here.Comment
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That is why I am going back to my small home town of only 1/4 million people to buy my house for retirement in a couple of years. I can still get a nice 3 bedroom, 2 story with 2 car garage with a YARD, OR a sprawling ranch home for about 30,000, & in a nice neighborhood OR in the country.
It will make for some good weekends & trips away from here until I retire there.
In some ways a small home town is a good thing.Comment
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Yep, small home town, maybe 10,000 people live there.Petition Filed 6/4/07 :clapping:
341 meeting 7/31/07 :clapping: :unsure:
First Meeting Held and Trustee's Report of No Distribution 8/2 :yahoo::yahoo:
10/15/2007 - DISCHARGED!:yahoo::yahoo::yahoo:Comment
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Well, I am on the verge of FC and BK, but more due to health issues and instability of work and also real estate market--but wanted to add my 2 cents--
You can EASILY get a decent home in various parts of southwestern PA, allegheny county (pittsburgh PA), washington county(washington,pa) westmoreland county, for instance--for less than $50k. Especially now, with the FC rates so high, and tons of REO properties. The most I ever paid for a house was $26k, and that was for a converted 2 unit, it was move in condition, but ugly...so I moved in and updated the cosmetics as I went.
Just putting this out there for people who may not know, it's not just really small towns where you can buy cheap.Comment
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Location, location, location........there is a <reason> why similar houses sell for 50K in one area and 300K in another areas ;-)NOTE: I am not a lawyer...any advice I give is for entertainment purposes only. Legal questions should be directed to competent counsel. I am just a troll. Or a Toad.Comment
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I agree.Originally posted by no_it_all View Post
This area used to be the highest price for homes, not sure if we still are..but I am sure we are in the top 3.Comment
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My 2100sqft home in Dallas Tx. = $200,000.00 put that same home in California $850,000.00 . Plus have you seen some of the stupid prices on these home shows. When someone buy's something for $150k and lives there for 10 years and the price goes up to 800k, they dont sell and it drops to 220k did you really loose 550k. NO ! When something balloons like that, just use common since and dont go and do a home equity loan for 200k. YOU KNOW WHAT IT REALLY IS WORTH . We have seen a steady increase in profits here in Texas 2-3% per year. Now we are in a subprime mortgage crisis, thqat is killing my 401k...... I will be debt free in 18 months, owne my home outright in 5years. Good luck to ya'llComment
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