Do most of you rocket scientists in the mortgage banking business talk to other people like this? Kind of explains a lot for me.
Can't speak for anyone but myself. P.S. No sub prime lending here. Just the good ones..in case you were wondering.
blackjack 1000% b.s. "why don't you file for bankruptcy and let me know how your fico turns out? i can't believe some of the crap i read on e.t. "[/QUOTE] 1000%? your name says blackjack which means you should be all about statistics. you should have stuck with 100%. i honestly think you should change your name to dumbjack.
Did you try a short sale with the lender, I would do that first Offer them less for the house, let's say you have a mortgage of 350K and you feel the house is worth 275K offer the lender 275K and see what they say. I actually have set up short sales for lenders and more than likely they will listen to you, and take into consideration They know what the value is so you will have a chance !! just a thought, also if you are going to re adjust you can get it locked in for 5 more years at your start rate Good Luck, Joe Baker P.S I also own a finance co. if you want to get any more info just email me, I will be happy to help any way I can Real Estate will come back, however it may be a while before it does also you get a nice tax deduction when paying a mortgage
this is what you said, smartass: "So in essence once you've filed bankruptcy, you'll end up with better credit than most out there, oddly enough" so you're saying that the moment someone files for bankruptcy, their credit becomes better than most people's? if you have "better credit", you should stand to get better interest rates on loans. so you're implying that filing for bankruptcy will help you get a better interest rate than most people. that's such bullshit it's laughable. i hope you don't work for a credit counseling service, lol..
lol, you can't get any clearer than that. most people are too stupid. Where does the 95% fail in trading stats come from? well 95% of the population are stupid sheep.
the level of wittiness in this comment makes me think you're a 15 year old acne-covered geek. i bet if someone said they were so hungry they could eat a horse, you'd point out that it's not possible for the human stomach to digest a horse. rofl.. get out some more and learn some social skills ffs.