Posted: 11/5/2013 3:11:30 PM EDT
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I paid every damn payment. We built a new home in 2007. With a contract on our previous home we were going to double our money....but that contract fell through. As the market slid into oblivion, we rented it out. Losing a couple of hundred dollars a month, we figured we made most of it up with the tax write off. When our renter of 4 years moved out in July, we decided to list it. We will close on Thursday. With a reasonable profit. We could have walked away, we could have short sold it. Many people did. My dad didn't raise no welcher, and am proud to say that I didn't become part of the "problem". |
Glad to hear you can at least make a small profit. Good on you.|
Good on you. I work with a couple that make 200k together minimum. They bought a very nice house for over 400k a few years ago and have parties and love to show it off. I found out a while back that they have not made a payment for over 2 years and they bought a condo on a SE FL beach. They are planning to file bankruptcy and will give up the house just in time to retire to their condo. I can't even look them in the eye any more. It sickens me. |