This topic contains 12 replies, has 9 voices, and was last updated by Anonymous 7 years, 9 months ago.
- May 6, 2011 at 7:44 am #207414
And if you are still making your top dollar payments, and sometimes paying top dollar taxes on it, are you kicking yourself that only a few years in, your house is worth half if not less than what it was originally estimated?
- May 8, 2011 at 6:18 pm #268360
I was about to buy a house back in the summer of 2007 for $549k. That house is now worth $300k. The only reason I backed out is because, even though I had good credit, everyone was trying to give me a ARM loan. I said no thanks. I must have been the only person smart enough not to take such a stupid loan. I saved myself $249k. The people who bought the house right after we backed out of the deal have already been foreclosed on.
This was right when the mortgage mess was beginning. We were already pre-approved for a loan and had over 700 credit score, but all the lenders suddenly wanted a higher score and a lot of money down.
- May 11, 2011 at 12:57 am #271476
I built my house, and my lot was a gift. Lucky me!
- May 19, 2011 at 10:08 am #281879
You are kidding yourself if you think that people can confidently predict when housing prices are inflated. It is much easier to see things with the benefit of hindsight.
I bought my current house for 88,000 in 1980, when houses were overpriced. I knew that but I also needed a place for my growing family to live, and thought that it would work out in the long run. A year later I would have had a hard time selling the house for 75,000. Today, after the current fall in prices, it is would sell for about 375,000.
- May 20, 2011 at 2:52 am #282401
My husband and I just bought a house earlier this year for $409k. It was a foreclosure. Three years ago, the same house sold for $680k. I knew we weren’t at the very bottom of this downturn yet, but I also know that we’re paying off a mortgage now, and prices will go back up. Plus, we are now saving up more for a down payment for an investment property, probably a duplex, before the market goes back up.
- May 21, 2011 at 4:15 am #282885
Fortunately I didn’t. I read everything and saw what a scam they were pulling. My heart goes out to those that were fooled by this.
- June 10, 2011 at 4:23 am #437404
You can use their agent locator button to find an agent near you.
- June 10, 2011 at 4:23 am #437405
Here are a few, some may not be applicable in your area.
Also, if you have a mortgage w/ Green Tree, they can direct you.
- June 10, 2011 at 4:23 am #437406
Find an independent agent in your area using your zip code at this link:
Or you can do it the old fashioned way by going to your local yellow pages.
You want to seek an independent agent because they represent more than one insurance company and therefore will be in a better position to provide the coverage at a reasonable price.
- June 10, 2011 at 4:23 am #437407
Perhaps You may google it first ,however, if you like some direct resource ,here might be your choosing.
- June 10, 2011 at 4:23 am #437408
homeinsurance.awardspace.us – try this one. Got my home insurance from them. As I know they provide such a service.
- June 15, 2011 at 3:50 pm #289680
Well, I didn’t receive a sweetheart deal like Obama and Rezko did. And I was lucky enough to get a reasonable every day run of the mill ‘fixed’ loan.
I think greed compelled others…
- September 19, 2011 at 2:48 am #290812
Very good question. I myself kept wondering how people were so gullible as to keep on buying when ALL the signs were pointing at this. It was never sustainable and I said that when it was at its boom when we were supposed to be “bridging the gap”. Right at that point people should have stopped.
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