Loans, Debt & Credit - View Single Post

Ambling · 02-19-2009, 05:38 PM

When a person considers whether or not to walk consider this:

* what good is a credit score if you have no disposable income to spend?
* who would possibly want to buy a home in the next 4 years?
* can you stay in your home for 15 years or more while the price recovers?
* are rents in your neighborhood comparable to your mortgage, or cheaper?

Unfortunately Obama's new plan does not address underwater homeowners so the only way to rid yourself of your own 'toxic asset' is Jingle Mail.

02-19-2009, 05:38 PM	#15 (permalink)
Ambling Senior Member Join Date: Aug 2008 Posts: 127 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Having second thoughts? When a person considers whether or not to walk consider this: * what good is a credit score if you have no disposable income to spend? * who would possibly want to buy a home in the next 4 years? * can you stay in your home for 15 years or more while the price recovers? * are rents in your neighborhood comparable to your mortgage, or cheaper? Unfortunately Obama's new plan does not address underwater homeowners so the only way to rid yourself of your own 'toxic asset' is Jingle Mail.