Loan Modification Forum - LoanSafe.org - View Single Post - My monthly deficit too high to get a mod?

terie · 06-12-2009, 08:27 AM

I understand the logic in Vegas, having lost more value than most, and it will rebound in time because, well.. this is Vegas. I found the numbers on what my house is worth...$207,000. Exactly two years ago we thought we'd found a good deal from a builder...at $343,000. Cars are supposed to depreciate, NOT houses! I just kick myself for putting 20% down. I can't walk or I just might otherwise.
Greedy builders have ruined the market in Vegas. They own little mortgage brokerage companies and they aprroved anyone who was breathing, and they knew they couldn't pay!! I was told so when we got our house, that is was nice to write a loan for someone they knew could afford it!!!! Geez!! But, KARMA prevails!! Kimbal Hill Homes is bankrupt and almost out of business completely!!!

06-12-2009, 08:27 AM	#39 (permalink)
terie Member Join Date: Jun 2009 Posts: 13 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: My monthly deficit too high to get a mod? I understand the logic in Vegas, having lost more value than most, and it will rebound in time because, well.. this is Vegas. I found the numbers on what my house is worth...$207,000. Exactly two years ago we thought we'd found a good deal from a builder...at $343,000. Cars are supposed to depreciate, NOT houses! I just kick myself for putting 20% down. I can't walk or I just might otherwise. Greedy builders have ruined the market in Vegas. They own little mortgage brokerage companies and they aprroved anyone who was breathing, and they knew they couldn't pay!! I was told so when we got our house, that is was nice to write a loan for someone they knew could afford it!!!! Geez!! But, KARMA prevails!! Kimbal Hill Homes is bankrupt and almost out of business completely!!!