Progressive protester lies about parents losing house

Discussion in 'Politics' started by Avatar4321, Sep 27, 2011.

  1. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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  2. Care4all
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    Care4all Warrior Princess Supporting Member

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    did you read the blogger's story that you linked to avatar?

    your bloggers says they own a 500,000 dollar house, in which they are putting up for a ''short sale''.....

    did bells go off when you read that the bloggers says his parents only owe one year's college tuition on their mortgage on this 500k home?

    how does that make sense? why would his parents, need to get in negotiations with the bank and future buyer for a short sale, if his family's mortgage has only 45k left on it, out of the 500k, like your blogger said?

    it's impossible....your blogger that you chose to trust, is a LIAR....
     
  3. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    So his mom is lying when she said losing her house?
     
  4. jillian
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    jillian Princess Supporting Member

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    but... but... if the rightwingnut blogosphere says it, it must be true...
     
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  5. thereisnospoon
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    thereisnospoon Gold Member

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  6. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    The House isn't in Foreclosure. It's public records.

    The family still lives in the house.

    They owe about $60,000 left on thse half a million dollar house.

    You guys are seriously going to argue that this guy is being honest?
     
  7. Care4all
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    Care4all Warrior Princess Supporting Member

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    the guy said it was a 500k house. the guy said they only owe a year's worth of tuition on it...let's take your 60k.....

    if it is a short sell and they only owe the bank 60k as the guy said, then this means this guys parents would be selling their house for less than the 60k they owe the bank, let's say for 50k...that would be a short sell....selling the house for less than what you owe the bank....

    Now, why in the world would a couple sell their 500k home for 50k?

    HINT, they wouldn't.

    they would sell it for 400k or maybe even 300k if they wanted to get rid of this 500k house quickly. and then out of that 300k they would pay the bank the 60k they owe and this would not be a short sell for the bank.

    the guys lying avatar...or he just has no idea what he is talking about....

    the parents owe the whole 500k or there abouts for the house and not just the 60k as the guy said or they would NOT HAVE TO HAVE IT UP FOR A SHORT SELL.

    a short sell is basically one hair from foreclosure....

    but your guys STORY of them only owing 60k on the500k house is simply impossible
     
  8. clevergirl
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    clevergirl Gold Member

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    Ginned up Day of Rage protests are perfectly illuminated by this guy.
     
  9. Care4all
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    Care4all Warrior Princess Supporting Member

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    no.

    a short sell is an agreement with the bank, to sell your home for LESS THAN THE MORTGAGE you owe Yurt.

    if they only owe 60k as the bloggers states, then that means the parents have to sell their home for LESS THAN THE MONEY OWED THE BANK....50k or so.

    and that is simply not gonna happen on a 500k home....if the parents only owe the bank 60 k, then they can sell their home for 500k, 400k, 200k, or 100 k and IT STILL WOULD NOT BE a short sell, because they are selling the house for more than what they owe the bank.



    a short sell is not the owners of the house selling the house for less than they want for it, a short sell is being forced to sell the house for less than what you owe the bank and getting the bank to agree to getting less than what you owe on your mortgage for it.
     
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  10. Conservative
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    Conservative Type 40

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    this is correct.

    http://homebuying.about.com/od/4closureshortsales/a/shortsalebasics.htm
    When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due.
     
    Last edited: Sep 27, 2011

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