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Why didn't ppl sell their homes before getting foreclosed on?

It defies all logic. You see your interest rates increase ex...
buck-toothed dog poop heaven
  06/11/17
Religion ?
red senate private investor
  10/15/21
Lol at people like that calculating 6-8 months in advance
aphrodisiac frum pit keepsake machete
  06/11/17
sadly cr
Histrionic hyperactive place of business
  06/11/17
...
Dead boiling water persian
  06/11/17
One weird trick!
khaki crotch stock car
  06/11/17
You may be overestimating these people
mildly autistic coldplay fan property
  06/11/17
Because houses go up in value
twinkling university deer antler
  06/11/17
...
buck-toothed dog poop heaven
  06/11/17
They could afford the houses. Many lost jobs or had some re...
Useless dun masturbator
  06/11/17
(Guy who doesn't know what sub prime mortgages are)
buck-toothed dog poop heaven
  06/11/17
If your house is foreclosed on and the bank sells it for mor...
Bronze striped hyena
  06/11/17
Yes. Obviously.
Crusty parlor
  06/11/17
Surplus is the word you are looking for
maroon concupiscible lodge
  06/11/17
yes but that doesnt happen
tripping vivacious office
  06/11/17
...
buck-toothed dog poop heaven
  06/11/17
The homes were worth less than the loan amount. Obviously.
Crusty parlor
  06/11/17
And if it's nonrecourse (as many mortgages are), then all th...
White mind-boggling institution patrolman
  06/11/17
Why didn't they just jump before the rates went up?
mildly autistic coldplay fan property
  06/11/17
...
Lavender aromatic native pisswyrm
  10/15/21
...
Flushed chest-beating water buffalo locale
  10/15/21
Because it's usually better for them to just stop paying the...
gold space wrinkle
  06/11/17
crrrrrr. stop paying and squat through the foreclosure proce...
tripping vivacious office
  06/11/17
It's worse than getting nothing. Selling at a loss means you...
White mind-boggling institution patrolman
  06/11/17
Lol. You guys are clueless. Check the auctions cities ...
Wine ungodly immigrant orchestra pit
  06/11/17


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Reply Favorite

Date: June 11th, 2017 5:28 PM
Author: buck-toothed dog poop heaven

It defies all logic. You see your interest rates increase exponentially because you got a (((sub prime mortgage))), and you calculate that you won't be able to make payments in 6-8 months from now, and why don't you just SELL? Sure you might end up doing a short sell, but it's still better than being forclosed on, let alone, getting evicted by the sheriff because you ARE forclosed

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529672)



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Date: October 15th, 2021 9:57 PM
Author: red senate private investor

Religion ?

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#43279380)



Reply Favorite

Date: June 11th, 2017 5:28 PM
Author: aphrodisiac frum pit keepsake machete

Lol at people like that calculating 6-8 months in advance

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529674)



Reply Favorite

Date: June 11th, 2017 5:31 PM
Author: Histrionic hyperactive place of business

sadly cr

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529690)



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Date: June 11th, 2017 6:38 PM
Author: Dead boiling water persian



(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33530018)



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Date: June 11th, 2017 5:29 PM
Author: khaki crotch stock car

One weird trick!

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529675)



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Date: June 11th, 2017 5:31 PM
Author: mildly autistic coldplay fan property

You may be overestimating these people

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529689)



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Date: June 11th, 2017 5:32 PM
Author: twinkling university deer antler

Because houses go up in value

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529697)



Reply Favorite

Date: June 11th, 2017 5:41 PM
Author: buck-toothed dog poop heaven



(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529742)



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Date: June 11th, 2017 5:43 PM
Author: Useless dun masturbator

They could afford the houses. Many lost jobs or had some reduction in income that precipitated the foreclosure

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529755)



Reply Favorite

Date: June 11th, 2017 5:46 PM
Author: buck-toothed dog poop heaven

(Guy who doesn't know what sub prime mortgages are)

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529774)



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Date: June 11th, 2017 5:49 PM
Author: Bronze striped hyena

If your house is foreclosed on and the bank sells it for more than your debt, do you get to keep the money?

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529789)



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Date: June 11th, 2017 5:51 PM
Author: Crusty parlor

Yes. Obviously.

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529803)



Reply Favorite

Date: June 11th, 2017 6:03 PM
Author: maroon concupiscible lodge

Surplus is the word you are looking for

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529862)



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Date: June 11th, 2017 6:10 PM
Author: tripping vivacious office

yes but that doesnt happen

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529906)



Reply Favorite

Date: June 11th, 2017 6:13 PM
Author: buck-toothed dog poop heaven



(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529924)



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Date: June 11th, 2017 5:51 PM
Author: Crusty parlor

The homes were worth less than the loan amount. Obviously.

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529806)



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Date: June 11th, 2017 5:57 PM
Author: White mind-boggling institution patrolman

And if it's nonrecourse (as many mortgages are), then all the bank can take is the house, not your money.

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529835)



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Date: June 11th, 2017 6:04 PM
Author: mildly autistic coldplay fan property

Why didn't they just jump before the rates went up?

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529869)



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Date: October 15th, 2021 9:53 PM
Author: Lavender aromatic native pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#43279358)



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Date: October 15th, 2021 9:57 PM
Author: Flushed chest-beating water buffalo locale



(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#43279375)



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Date: June 11th, 2017 6:06 PM
Author: gold space wrinkle

Because it's usually better for them to just stop paying the mortgage.

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529881)



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Date: June 11th, 2017 6:11 PM
Author: tripping vivacious office

crrrrrr. stop paying and squat through the foreclosure process. better than going through the hassel of selling at a loss and getting nothing.

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529911)



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Date: June 11th, 2017 6:19 PM
Author: White mind-boggling institution patrolman

It's worse than getting nothing. Selling at a loss means you're bringing money to closing to ensure that the buyer gets clear title.

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33529943)



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Date: June 11th, 2017 6:43 PM
Author: Wine ungodly immigrant orchestra pit

Lol.

You guys are clueless.

Check the auctions cities do on foreclosed houses some time. There are houses in the city worth up to a million that were seized for like 20k in unpaid liens and the like. Hasidic jews descend upon them like vultures.

(http://www.autoadmit.com/thread.php?thread_id=3644009&forum_id=2#33530041)