[RC51]

Here’s what I don’t get. That house is a dump! It couldn’t have cost more than $100k.... So their payments couldn’t have been more than $800 a month.

I know people fall on hard times but you could earn $800 a month gross working at McDonalds. Plus with 2 able bodied people able to work!?

I have a feeling this couple took a Refinance on the property and bought a bunch of dumb crap. Walk away from the house, get an apartment, declare bankruptcy then go on food stamps and welfare like everyone else.

[Theoria]

'Walk away from the house, get an apartment, declare bankruptcy then go on food stamps and welfare like everyone else.'

Sure. But, they were in the right. When someone is doing the right thing and making payments on time. One feels that it is better to stay and fight, especially if it is just.

They paid. Bank lost check info. Bank increased rates. 'Homeowners' couldn't keep up.

[Boogieman]

100k for a house in that area of LA in 1999? I think you’re off base in that estimate by several multiples.