Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: michael97123 who wrote (400957)	7/23/2008 11:45:44 AM
From: i-node	Read Replies (1) of 1576160

but borrowers credit is shot and he cant just buy another house for the half price its selling at because he has no cash and no credit. Yes he can rent for half price and that will save his arse. He can't buy one immediately. But his credit is not damaged long-term to prevent him from buying another house, if he is willing to deal with it. People who are smart and get into this situation cut a deal with the lender up front requiring them to provide a clean credit history. It is open for negotiation just like everything else. If one does this, there isn't so much as a blip. OTOH, if you end up with a deficiency judgment, a few years down the road it normally won't cause problems if you can explain it away to the satisfaction of the lender. They understand these cycles happen.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next