Anyone here stop paying their mortgage?

[SandEagle]

i need to save up some loot. can i go at least 5-8 months without paying and then resume when i am comfortable?

when do banks typically threaten foreclosure? i read it can take up to two years for them to kick you out.

let me know yo

This thread needs locked. 100% trolling.

Good call -AT Mod DAPUNISHER

 

[apac]

you should not be a home owner.

 

[SearchMaster]

Good plan...what could go wrong?

 

[alfa147x]

Yeah you're right, you are not indian...

 

[wiredspider]

How would not paying for 5-8 months while accumulating interest help you save money?

 

[Kirby]

i hope your house burns down

 

[Aharami]

Yeah you're right, you are not indian...

😕

 

[waggy]

nope. i like living in my house. so i kinda gotta pay the mortgage.

i believe they cans start threatning to forclose in 3 months. then a month after that actually start it. it can take 1month to a year to get you out after that.

but really depends on where you are. from what i remember (we had to take a mortgage class to get my loan) in IL it takes a least a year.

but why would you want to ruin your credit?

 

[Blackjack200]

i need to save up some loot. can i go at least 5-8 months without paying and then resume when i am comfortable?

when do banks typically threaten foreclosure? i read it can take up to two years for them to kick you out.

let me know yo

Just burn it down and collect the insurance. Problem solved. Who wants to deal with all those whiney bank reps and collections agencies calling you to collect on the back mortgage?

 

[waggy]

BTW either you are trolling or don't have a loan. if you aren't trolling i can't see someone being dumb enough to try this.

 

[Miramonti]

Depends if you are in one of the 20 disclosure states (iirc), which means forclosure in these states need to go thru the court system. Non-disclosure states' forclosing is often much quicker.

Looking for list of disclosure states now and the forclosure periods...

 

[Miramonti]

The average time it takes to boot someone out right now is taking about 430 days, iirc, up from 260 a couple years ago. This is due to the backlog.

 

[SandEagle]

i hope your house burns down

lol. that would help since insurance would make up on the lost value. but no, this is not an option.

here's the link that got me to thinking this:
www.msnbc.msn.com/id/37444899

 

[waggy]

lol. that would help since insurance would make up on the lost value. but no, this is not an option.

here's the link that got me to thinking this:
www.msnbc.msn.com/id/37444899

ugh disgusting.

 

[Wheezer]

you are an idiot....people like you are part of the reason this whole financial fuck up started...personally I hope you end up living in a cardboard box and die a homeless heroine addict stabbed while rummaging through a trashcan for food.

 

[Atheus]

Yeah you're right, you are not indian...

What?

 

[Miramonti]

lol. that would help since insurance would make up on the lost value. but no, this is not an option.

here's the link that got me to thinking this:
www.msnbc.msn.com/id/37444899

That's the link I was looking for, altho I read in on the NYT site.

How to use the foreclosure redemption period

Foreclosure laws and procedures by state

 

[Patranus]

lol. that would help since insurance would make up on the lost value. but no, this is not an option.

here's the link that got me to thinking this:
www.msnbc.msn.com/id/37444899

Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino.

disgusting.

 

[RadiclDreamer]

From the article

"Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino"

If you can afford that shit you arent in trouble, sell the fucking boat, stop going out to the casino throwing your money away. Eat at home. I hope they are thrown out on the street...

 

[nick1985]

you are an idiot....people like you are part of the reason this whole financial fuck up started...personally I hope you end up living in a cardboard box and die a homeless heroine addict stabbed while rummaging through a trashcan for food.

You echoed my thoughts.

 

[squirrel dog]

Obama gone save u ?

 

[Miramonti]

disgusting.

Yeah, it's only good if banks are gaming the system.

 

[RadiclDreamer]

Yeah, it's only good if banks are gaming the system.

Banks gamed the system and people took out loans for more than they could afford, fuck both parties involved.

 

[SandEagle]

you are an idiot....people like you are part of the reason this whole financial fuck up started...personally I hope you end up living in a cardboard box and die a homeless heroine addict stabbed while rummaging through a trashcan for food.

actually i blame the bank for giving me a loan when i only had < 10k in savings and my debt exceeded income. this was at the height of the real estate bubble and i got suckered in. i am without fault here.

 

[Miramonti]

you are an idiot....people like you are part of the reason this whole financial fuck up started...personally I hope you end up living in a cardboard box and die a homeless heroine addict stabbed while rummaging through a trashcan for food.

haha, you obviously are clueless about how 'this whole financial fuck up started'.

Not to mention the part in the middle about how it kept on going. 😕