Progressive protester lies about parents losing house

Care4all

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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....
 
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Avatar4321

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So his mom is lying when she said losing her house?
 

jillian

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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....
but... but... if the rightwingnut blogosphere says it, it must be true...
 
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Avatar4321

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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?
 

Care4all

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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?
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
 

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Ginned up Day of Rage protests are perfectly illuminated by this guy.
 

Care4all

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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....
you misunderstand what a short sale is. if they owe sixty on a 500K mortgage and can only sell for 470, the short is 30K.

thus, not impossible at all.
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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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....
you misunderstand what a short sale is. if they owe sixty on a 500K mortgage and can only sell for 470, the short is 30K.

thus, not impossible at all.
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.
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.
 
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Conservative

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you misunderstand what a short sale is. if they owe sixty on a 500K mortgage and can only sell for 470, the short is 30K.

thus, not impossible at all.
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.
sorry, but you're absolutely wrong.

Google

click on any of the links
2nd link on your list...
http://en.wikipedia.org/wiki/Short_sale_%28real_estate%29
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.
3rd link on your list...
Short Sale
A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed.
pretty much every link on your list agrees with Care.
 
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Charles_Main

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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?
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
What is likely happening is this kid does not understand what is happening.

His parents owe about 60 Grand on a house the hoped was worth 500,000 Grand, but they are prolly having to sell it for half that.

Who knows, Clearly the Facts are fucked up in this story. That's why I don't even read Blog Sites.
 

theDoctorisIn

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you misunderstand what a short sale is. if they owe sixty on a 500K mortgage and can only sell for 470, the short is 30K.

thus, not impossible at all.
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.
sorry, but you're absolutely wrong.

Google

click on any of the links
Whoops.

From your Google search (maybe you should have clicked it first...):
http://en.wikipedia.org/wiki/Short_sale_(real_estate)

A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.
 

theDoctorisIn

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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.
sorry, but you're absolutely wrong.

Google

click on any of the links
2nd link on your list...
Short sale (real estate) - Wikipedia, the free encyclopedia
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.
3rd link on your list...
Short Sale
A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed.
Beat me to it...
 

theDoctorisIn

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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.
this is correct.

Short Sale in Real Estate - How to Handle a Real Estate Short Sale
When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due.
care is confusing the amount due with the remaining about due. the amount due is the full 500K. that is what they owe the bank, the remaining amount of 60K is just that, the remainder to pay the loan in full. if the house was worth more than 500K, they could pocket any amount above 500K and this is called equity. when you're underwater, you owe more on the house than the house is worth. if you are unable to finish the remaining payments owed under the original contract, then you or the bank sells the house. a short sale occurs where the bank or the mortgagee sells the house for less than the original amount of 500K.

as i said above, if the house is sold for 470K, the short amount, is 30K. it makes no sense to say that a short sale means you sell a house worth 470K for a mere 60K.
No, once again, you're incorrect. A short sale is when the lender is accepting less than the total amount due (on the morgage), not when the people selling the house take a loss on it.

If the blog was true, and this family only owed $60,000 on the house, a "short sale" would be the bank accepting less than $60,000 from the sale of the house, to repay the outstanding debt.

All evidence is pointing to the blog being incorrect, since a half million dollar house wouldn't be sold for less than $60,000 - therefore, the family clearly owed more than that on it.
 

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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.
this is correct.

Short Sale in Real Estate - How to Handle a Real Estate Short Sale
When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due.
care is confusing the amount due with the remaining about due. the amount due is the full 500K. that is what they owe the bank, the remaining amount of 60K is just that, the remainder to pay the loan in full. if the house was worth more than 500K, they could pocket any amount above 500K and this is called equity. when you're underwater, you owe more on the house than the house is worth. if you are unable to finish the remaining payments owed under the original contract, then you or the bank sells the house. a short sale occurs where the bank or the mortgagee sells the house for less than the original amount of 500K.

as i said above, if the house is sold for 470K, the short amount, is 30K. it makes no sense to say that a short sale means you sell a house worth 470K for a mere 60K.
you really need to read your own links and talk to a bank about this. you're wrong.
 

Rocky Top Lady

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Gotta go with Care on this one.

If I own a house that is WORTH 500k and I OWE 60k and I can sell the house for 67k, pay the realtor's commission and I still don't have to do a short sale....

Either the house in question is in a HIGHLY distressed market, or someone has their story wrong.

Either way, if this were my son I'd bust his ass for airing our family's dirty laundry on a New York City street.....and I'd display his Oscar on the fireplace mantel.
 

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this is correct.

Short Sale in Real Estate - How to Handle a Real Estate Short Sale
When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due.
care is confusing the amount due with the remaining about due. the amount due is the full 500K. that is what they owe the bank, the remaining amount of 60K is just that, the remainder to pay the loan in full. if the house was worth more than 500K, they could pocket any amount above 500K and this is called equity. when you're underwater, you owe more on the house than the house is worth. if you are unable to finish the remaining payments owed under the original contract, then you or the bank sells the house. a short sale occurs where the bank or the mortgagee sells the house for less than the original amount of 500K.

as i said above, if the house is sold for 470K, the short amount, is 30K. it makes no sense to say that a short sale means you sell a house worth 470K for a mere 60K.
No, once again, you're incorrect. A short sale is when the lender is accepting less than the total amount due (on the morgage), not when the people selling the house take a loss on it.

If the blog was true, and this family only owed $60,000 on the house, a "short sale" would be the bank accepting less than $60,000 from the sale of the house, to repay the outstanding debt.

All evidence is pointing to the blog being incorrect, since a half million dollar house wouldn't be sold for less than $60,000 - therefore, the family clearly owed more than that on it.
ding ding ding!
 

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