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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Jim McMannis who wrote (113847)4/1/2008 12:10:39 AM
From: SnowshoeRespond to of 306849
 
>>How do you feel about bailing her out of her interest only mortgage?<<

If the fools who gave her an interest-only loan want to work something out, that's fine with me. But there's no way the US government can bail out all of these people.

It sounds like she should have walked away and moved in with her mother. The absent father should be paying child support to help with food and utilities, but that wouldn't be enough for the mortgage.