To: RnMomof7
I know someone who had to foreclose on a house ---I guess it isn't so bad ---the house was overpriced and they thought they could ask what they paid for it --but since they were in it less than 5 years, they hadn't really paid anything toward the house, their payments were only going toward the interest. They quickly got their credit back, apparently that's fairly easy to repair as long as you have a job. Maybe it's the investors who will be shafted.
75 posted on
03/19/2003 7:08:17 AM PST by
FITZ
To: FITZ
imagine a market full of those houses..banks will be in real trouble
77 posted on
03/19/2003 7:30:28 AM PST by
RnMomof7
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