forclosures up 97%

[Raven]

Originally Posted by zacs

unfortunately, it became difficult for new borrowers to re-fi due to the falling real estate market. The bank will not finance 100% of the value of the home in a normal mortgage.

so when you financed $240 for your $300K home, which now assesses at $250, you are screwed and can't refinance if you owe a penny more than $200.

is this what is happening to you, Raven?

different numbers but essentially ........ yes

i'm sooooo close to making this farm run like a cheetah
and if things don't get better soon i'll loose my only opportunity.

if that were to happen.... my life would just end
because it'll surely kill me.....DEAD same as a bullet would.

[spence]

I'd think you'd have some leverage if you were doing the re-fi with the same bank and you had a good payment history. It's in their interest to keep your interest payments going! Banks don't want to own houses...

-spence

[MrHunters]

Originally Posted by Raven

different numbers but essentially ........ yes

i'm sooooo close to making this farm run like a cheetah
and if things don't get better soon i'll loose my only opportunity.

if that were to happen.... my life would just end
because it'll surely kill me.....DEAD same as a bullet would.

woh man... take it easy... nothing is that bad. just have a few