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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: lot of trouble Posted by Al on April 24, 2008 at 11:55 AM In Reply to: lot of trouble posted by Kevin McKay on April 24, 2008 at 11:07 AM As you said - you made mistake. Stop paying right now, after 60 days missing payments let the bank take it. You will have FK on your record, but who cares?? You will owe nothing to anybody, as our goverment gives you forgiven debt tax free. In effect you had a housing option which failed. That was an investment for you, and it did not work out. Investments sometimes do not work out. Espetially with a lot of leverage. Follow Ups: Let's get things straightened out here Tom 1:40 PM, 04/24/08 (0) Disagree with Al's premise. Jinger 12:39 AM, 04/24/08 (1) Re: Disagree with Al's premise. Dru 10:48 AM, 04/25/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : As you said - you made mistake. Stop paying right now, after 60 days missing payments let the bank take it. You will have FK on your record, but who cares?? : You will owe nothing to anybody, as our goverment gives you forgiven debt tax free. In effect you had a housing option which failed. That was an investment for you, and it did not work out. Investments sometimes do not work out. Espetially with a lot of leverage. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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