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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (30034)	3/5/2008 1:50:09 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 217750

If they can refinance at fair market value in a Chapter 13 bankruptcy (have to have a good job) the foreclosures will be limited. And the Senate may pass a bill authorizing this in the next week or so. It didn't. Thank God. So many of my clients refinanced their houses to pay off their credit cards and auto loans, and now have no home equity to refinance when the ARMs lock. They have no debt but the house and they own too much car to file Chapter 7 and keep the cars. So you think irresponsible borrowing and living beyond one's means are attributes to be encouraged? Will you still hold that opinion when the peso is higher and stronger than the buck?