[TigerLikesRooster]

P!

[driftdiver]

The banks do it. Cabinet and Congress critters do it. Once things go a bit further everyone will be moving into tents.

[Texas Eagle]

A person's gotta do what a person's gotta do.

If she had filed for bankruptcy she may have been able to keep her house and had her other debts forgiven.

[Hoosier-Daddy]

Good, I’ll make a fortune in Short Sales for years to come.

[2ndDivisionVet]

She can join half of the people in this country in Obamavilles by 2013.

[robomatik]

$1,450 a month for a $100,000 house? huh? from the information in the article, she sounds like a libtard!

[svcw]

Three kids and how is it that rent will be less that 1400?

[donna]

after making the hard decision to walk away from my mortgage

Like calling it "walking away" instead of being evicted makes it better?

[ChocChipCookie]

Welllll...she got 54K cash from a re-fi. She could have used that money to make house repairs, pay debt. The article doesn’t say where the money went. “I needed cash.” Well, who doesn’t?

I’m very sympathetic to people who lose their homes, but it seems this gal has made a series of bad decisions.

[HerrBlucher]

At least she couldn’t make the payments. A lot of people who can make the payments are walking simply because the house has lost value and that makes them feel bad.

[RegulatorCountry]

The woman bought the house for $100k, cash out refinanced for $154k, and the house is now appraised at $129k. Additionally, the monthly mortgage payment mentioned, on $154k, works out to almost 11%.

Something doesn’t add up, here. Ms. Speer is not being honest.

[wrench]

Buying a product and taking out a loan are to different and distinct business transactions. She borrowed money AND bought a house. There is no requirement to borrow any money to buy a house, every seller will gladly take cash.

The second transaction didn’t turn into a personal ATM mahine like she planned, so she is using that as an excuse to not pay back the money she borrowed.

Perhaps everyone that has borrowed money and bought a new car with it in the last 18 months should walk away from their loan and let the bank take the car back. In every case, more money is owed on the car than what it is worth.

These dolts are the ones that helped dig the hole our economy is in, problem is they are all still digging.

[Pelham]

Jingle mail. Send those keys back.

[familyop]

So the bank will get that most valuable property back from her. Consequences for the various ballooning payment schemes have been cooking since the ‘70s, and they’re finally coming around.

[bigbob]

She’s an idiot. “When it sounds too good to be true, it probably is” lady. She screwed up now all she can do is whine about how awful it is.

[jjm1776]

And the rest of America pays for her and others like her. And we wonder why we’re bankrupt both fiscally and morally.

[familyop]

"So, with only unemployment benefits and child-support money, I decided to pull the plug on my mortgage payments."

Ah...another grand scheme that failed: the divorce industry. Good! There won't be enough federal revenues to keep any of the social programs for that going for long, either.

May the big default arrive, when moral people are ready.

[I see my hands]

This is how deadbeats should be handled for all debts public and private.
And I'm not kidding.

[stylin19a]

I hope to be out of here by the summer

it takes 2 years to evict ?

[keepitreal]

Whatever the case, I am ready to go. I hope to be out of here by the summer. I want to get this over with.

Such a burden. 21 months without paying the mortgage. I bet she wants to get this over with (not).