Comments on: All These Foreclosures Don’t Affect Me http://achingdebts.com/all-these-foreclosures-dont-affect-me/ Survive the Tough Times, Get Out of Debt and Save Money Tue, 20 Apr 2010 14:35:17 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Real Estate Resource http://achingdebts.com/all-these-foreclosures-dont-affect-me/comment-page-1/#comment-177 Real Estate Resource Thu, 27 Mar 2008 02:26:12 +0000 http://achingdebts.com/all-these-foreclosures-dont-affect-me/#comment-177 In NC an attorney offers help to residents that might be at risk in losing their homes to foreclosures. <a href="http://tourthetriad.com/2008/02/05/nc-attorney-general-offers-help-for-foreclosures/#comment-7" rel="nofollow">NC Attorney General Offers Help For Foreclosures</a> -Jan In NC an attorney offers help to residents that might be at risk in losing their homes to foreclosures.

NC Attorney General Offers Help For Foreclosures

-Jan

]]> By: Thomas http://achingdebts.com/all-these-foreclosures-dont-affect-me/comment-page-1/#comment-178 Thomas Mon, 24 Mar 2008 18:29:27 +0000 http://achingdebts.com/all-these-foreclosures-dont-affect-me/#comment-178 I actually found some useful information from the government of all places about how to stop foreclosure here http://hubpages.com/hub/Avoiding-Forclosures I actually found some useful information from the government of all places about how to stop foreclosure here http://hubpages.com/hub/Avoiding-Forclosures

]]> By: CindyS http://achingdebts.com/all-these-foreclosures-dont-affect-me/comment-page-1/#comment-175 CindyS Sat, 22 Mar 2008 18:51:26 +0000 http://achingdebts.com/all-these-foreclosures-dont-affect-me/#comment-175 Enough Wealth, You are correct, I didn’t add in the appreciation from the first year and it would have an effect on the value. The example was based on a compilation of several different people who had tried to get a loan and couldn’t because the appraised value of their homes was 25-35% less than their loan. If you add in the appreciation to the calculation, it would effect the value at different stages and also the amount of time to recoup. Math is definitely my challenge. And I thought I was doing so well by actually calculating out the actual loss in value each year instead of just lumping it all together. Enough Wealth,

You are correct, I didn’t add in the appreciation from the first year and it would have an effect on the value. The example was based on a compilation of several different people who had tried to get a loan and couldn’t because the appraised value of their homes was 25-35% less than their loan. If you add in the appreciation to the calculation, it would effect the value at different stages and also the amount of time to recoup. Math is definitely my challenge. And I thought I was doing so well by actually calculating out the actual loss in value each year instead of just lumping it all together.

]]> By: Enough Wealth http://achingdebts.com/all-these-foreclosures-dont-affect-me/comment-page-1/#comment-174 Enough Wealth Sat, 22 Mar 2008 15:19:25 +0000 http://achingdebts.com/all-these-foreclosures-dont-affect-me/#comment-174 The gist of this story is true, but some of the figures look too dodgy to be true. If he bought his house for 425K and the "house appreciated pretty rapidly for the first year", then a 25% drop in house prices wouldn't bring it back down to the $318 price you quoted. It looks like you've just knocked 25% off his original purchase price, which isn't correct. The gist of this story is true, but some of the figures look too dodgy to be true. If he bought his house for 425K and the “house appreciated pretty rapidly for the first year”, then a 25% drop in house prices wouldn’t bring it back down to the $318 price you quoted. It looks like you’ve just knocked 25% off his original purchase price, which isn’t correct.

]]> By: Carnival of Personal Finance #144- St. Patrick’s Day Edition | beingfrugal.net http://achingdebts.com/all-these-foreclosures-dont-affect-me/comment-page-1/#comment-176 Carnival of Personal Finance #144- St. Patrick’s Day Edition | beingfrugal.net Mon, 17 Mar 2008 18:06:38 +0000 http://achingdebts.com/all-these-foreclosures-dont-affect-me/#comment-176 [...] S. says the large numbers of foreclosures and short sales affect everyone, whether you know it or not, at My Aching [...] [...] S. says the large numbers of foreclosures and short sales affect everyone, whether you know it or not, at My Aching [...]

]]> By: Successfultradingtipls.com http://achingdebts.com/all-these-foreclosures-dont-affect-me/comment-page-1/#comment-173 Successfultradingtipls.com Sat, 15 Mar 2008 14:13:35 +0000 http://achingdebts.com/all-these-foreclosures-dont-affect-me/#comment-173 I stumbled this saying its worth everyones consideration. I have done similar calculations based on peak median home prices dropping from $232000 to 208,000 today and eventually to 150,000-160000 John bougearel Successfultradingtips.com I stumbled this saying its worth everyones consideration.

I have done similar calculations based on peak median home prices dropping from $232000 to 208,000 today and eventually to 150,000-160000

John bougearel
Successfultradingtips.com

]]> By: anniebluesky http://achingdebts.com/all-these-foreclosures-dont-affect-me/comment-page-1/#comment-172 anniebluesky Sat, 15 Mar 2008 13:08:09 +0000 http://achingdebts.com/all-these-foreclosures-dont-affect-me/#comment-172 This really hit home, so to speak. Yesterday our home finally closed after being on the market for a year! Sidenote: It was a huge financial drain because it had sold last June. We closed and the buyers were going to close a week later. We packed up and moved states away to our new job. Well, the buyer did not show up at closing. So, back on the market it went and we have been paying 2 house payments plus the hassle of upkeep on a home we can't do ourselves. Anyway, needless to say, we took a huge hit. And, it is in an excellent neighborhood. It appraised $50,000 less than it did one year ago. And I feel lucky to have sold it. If your friend doesn't think it is going to effect him, he needs to think again. The housing market is impacting our entire economy. Thanks to the housing market, we are in a recession. Possibly heading towards a depression. This is effecting everyone. This really hit home, so to speak. Yesterday our home finally closed after being on the market for a year!

Sidenote: It was a huge financial drain because it had sold last June. We closed and the buyers were going to close a week later. We packed up and moved states away to our new job. Well, the buyer did not show up at closing. So, back on the market it went and we have been paying 2 house payments plus the hassle of upkeep on a home we can’t do ourselves.

Anyway, needless to say, we took a huge hit. And, it is in an excellent neighborhood. It appraised $50,000 less than it did one year ago. And I feel lucky to have sold it.

If your friend doesn’t think it is going to effect him, he needs to think again. The housing market is impacting our entire economy. Thanks to the housing market, we are in a recession. Possibly heading towards a depression. This is effecting everyone.

]]> By: Book Calendar http://achingdebts.com/all-these-foreclosures-dont-affect-me/comment-page-1/#comment-171 Book Calendar Sat, 15 Mar 2008 12:21:59 +0000 http://achingdebts.com/all-these-foreclosures-dont-affect-me/#comment-171 It is also affecting renters. My parents have a home in Spokane, Washington they basically can't rent it and have to pay the heating bills because the economy has been so bad that people can't find jobs and are leaving the city. They also can't sell it for the same reason. It is sitting there losing value slowly. It is also affecting renters. My parents have a home in Spokane, Washington they basically can’t rent it and have to pay the heating bills because the economy has been so bad that people can’t find jobs and are leaving the city. They also can’t sell it for the same reason. It is sitting there losing value slowly.

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