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Offlinedragonsmack
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Registered: 08/12/13
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Foreclosing *DELETED*
    #18708008 - 08/15/13 07:10 AM (10 years, 5 months ago)

Post deleted by dragonsmack

Reason for deletion: Because...



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OfflineTopPmz
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Re: Foreclosing [Re: dragonsmack]
    #18708291 - 08/15/13 09:02 AM (10 years, 5 months ago)

You could just stop paying the mortgage and fight the foreclosure in court. If done properly, you could keep the condo. There's precedent, I believe it was in either Minnesota or Montana. Watch Zeitgeist, it tells you about it.


--------------------
"Freedom Isn't Free" is only half correct. True freedom doesn't exist in the society we exist in. What the saying really means is "The Illusion of Freedom Isn't Free"


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Offlineqman
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Re: Foreclosing [Re: TopPmz]
    #18708314 - 08/15/13 09:10 AM (10 years, 5 months ago)

Quote:

TopPmz said:
You could just stop paying the mortgage and fight the foreclosure in court. If done properly, you could keep the condo. There's precedent, I believe it was in either Minnesota or Montana. Watch Zeitgeist, it tells you about it.




If you don't make mortgage payments, the bank can put the property into foreclosure, there is not much recourse in that scenario.

Since the housing bubble burst, many have been able to live in their homes for 3-5 years without making a mortgage payment, but that's the banks choice.


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Offlinedragonsmack
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Re: Foreclosing [Re: qman]
    #18709616 - 08/15/13 03:11 PM (10 years, 5 months ago)

Thanks for the input...fortunately I have a house also that I can live in but just unable to afford both anymore.  Wouldn't be able to get enough from rent either I don't think.  Oh well, could be worse.


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