http://www.11alive.com/news/article...rip-house-bare?source=Patrick.net#gtv_content
yea, he ain't getting shit back. it's GA
yea, he ain't getting shit back. it's GA
Foreclosed family watches helplessly as craigslist crowds strip house bare
- Thread starter Louis Koo
- Start date
why in the hell would you post an add on craigslist telling people where you live and to come there during hours YOUR NOT HOME??????
At least a black family is not stupid enough to that.
...at least not that time.
This is just SAD!
And they kept a good spirit about it.
The guitar sh!t does hurt your heart if you are any kind of human or music lover.
And they kept a good spirit about it.
The guitar sh!t does hurt your heart if you are any kind of human or music lover.
ok wait.......
http://www.trulia.com/property/3097792309-204-Sunnybrook-Ct-Woodstock-GA-30188
houses down there ain't expensive, this one is currently listed at $79K......so lets say you've bought it for double that for argument's sake, you've been paying for 20yrs?? and you still owe enough to lose it?? WTF???? that shit makes no sense......
$168,000/20yrs = $8,400/yr
$8,400/12 months = $700 a month
so, you're telling me that they couldn't afford at most $700 a month???
http://www.trulia.com/property/3097792309-204-Sunnybrook-Ct-Woodstock-GA-30188
houses down there ain't expensive, this one is currently listed at $79K......so lets say you've bought it for double that for argument's sake, you've been paying for 20yrs?? and you still owe enough to lose it?? WTF???? that shit makes no sense......
$168,000/20yrs = $8,400/yr
$8,400/12 months = $700 a month
so, you're telling me that they couldn't afford at most $700 a month???
ok wait.......
http://www.trulia.com/property/3097792309-204-Sunnybrook-Ct-Woodstock-GA-30188
houses down there ain't expensive, this one is currently listed at $79K......so lets say you've bought it for double that for argument's sake, you've been paying for 20yrs?? and you still owe enough to lose it?? WTF???? that shit makes no sense......
$168,000/20yrs = $8,400/yr
$8,400/12 months = $700 a month
so, you're telling me that they couldn't afford at most $700 a month???
Equity loans and shit most likely.
And you are not adding the principal to that price either.
Taxes
Insurance
Security
ok wait.......
http://www.trulia.com/property/3097792309-204-Sunnybrook-Ct-Woodstock-GA-30188
houses down there ain't expensive, this one is currently listed at $79K......so lets say you've bought it for double that for argument's sake, you've been paying for 20yrs?? and you still owe enough to lose it?? WTF???? that shit makes no sense......
$168,000/20yrs = $8,400/yr
$8,400/12 months = $700 a month
so, you're telling me that they couldn't afford at most $700 a month???
A lot in the South, many folk make shit down there.
I know all that, but I used an way inflated/unrealistic number for that POS of a house.......even taking everything you said into account, it wouldn't be more that $700 a month, shiiiiet....even at double that $1,400 is not alot of money.....
..........monthly?!?! c'mon son...they probably did some stupid refinancing that got them in trouble
ok wait.......
http://www.trulia.com/property/3097792309-204-Sunnybrook-Ct-Woodstock-GA-30188
houses down there ain't expensive, this one is currently listed at $79K......so lets say you've bought it for double that for argument's sake, you've been paying for 20yrs?? and you still owe enough to lose it?? WTF???? that shit makes no sense......
$168,000/20yrs = $8,400/yr
$8,400/12 months = $700 a month
so, you're telling me that they couldn't afford at most $700 a month???
your math is wrong
if your loan was $168,000 at the time of purchase,with tax and interest you are going to pay about $336,000 total over 30 years.
now if your current home value is $79k and you owe more than that....
i would refinance take the equity out and let that bitch foreclose too....
these situations can get tricky,you don't know how many times they have already refinanced,or used the property as a line of equity or who knows what else.
I know all that, but I used an way inflated/unrealistic number for that POS of a house.......even taking everything you said into account, it wouldn't be more that $700 a month, shiiiiet....even at double that $1,400 is not alot of money.....
they probably did some stupid refinancing that got them in trouble
I guess you missed the part where I said maybe equity loans and shit.
And you are right, not a lot of $$$ at all, but so many people did a ton of crap with houses during the boom taking bogus loans, 120% loans and shit.
20 years, that bitch was close to paid off, but someone in the family must have done some stupid shit.
I know all that, but I used an way inflated/unrealistic number for that POS of a house.......even taking everything you said into account, it wouldn't be more that $700 a month, shiiiiet....even at double that $1,400 is not alot of money.....
they probably did some stupid refinancing that got them in trouble
again you numbers are off,you don't even know what the interest rate was at purchase
on a 168k house you are not paying 700 a month without a hefty downpayment
ok.....
336K/30 = $11,200/yr
11,200/12 = $933.33/month
you're telling me that's not affordable???
ok.....
336K/30 = $11,200/yr
11,200/12 = $933.33/month
you're telling me that's not affordable???
For some,, maybe not.
Who knows what happened with their family?
Did moms and pops lose their jobs?
Everyone does not make a lot of money like that. Some folks have no business owning a house.
ok.....
336K/30 = $11,200/yr
11,200/12 = $933.33/month
you're telling me that's not affordable???
then add escrow
utilities
property upkeep
car note
insurance
food
kids
clothes
lay off/loss of job?
For some,, maybe not.
Who knows what happened with their family?
Did moms and pops lose their jobs?
Everyone does not make a lot of money like that. Some folks have no business owning a house.
yup, I don't feel sorry for people like this......they knew what they were getting into.......
it's like the young college kid that can just barely afford a nice car, and doesn't take into account that his insurance is going to be $3k+ every 6 months.....
ask me how I know...
then add escrow
utilities
property upkeep
car note
insurance
food
kids
clothes
lay off/loss of job?
yes, but remember that we're using inflated numbers.....their real world number had to be much less......
I guess my views are skewed being from NYC
They should have posted that shit after they already left.
yes, but remember that we're using inflated numbers.....their real world number had to be much less......
I guess my views are skewed being from NYC
well i was using my mortgage as an example and the numbers in the situation are not far from mine and i live in NYC Nassau county with 10k a year property tax.my monthly escrow alone is higher than the # originally projected their mortgage
tomorrow can be your worst nightmare bro,shit just happens in life sometimes. Count your blessings!
Ok, what am I missing here? Ya say ya value is 79k and ya owe more than that? That means there's NO equity...nothing to take out...ya already upside down.
Ok, what am I missing here? Ya say ya value is 79k and ya owe more than that? That means there's NO equity...nothing to take out...ya already upside down.
good point
Are you a homeowener? You dont sound like one. Not an insult at all, just a observation based question.ok wait.......
http://www.trulia.com/property/3097792309-204-Sunnybrook-Ct-Woodstock-GA-30188
houses down there ain't expensive, this one is currently listed at $79K......so lets say you've bought it for double that for argument's sake, you've been paying for 20yrs?? and you still owe enough to lose it?? WTF???? that shit makes no sense......
$168,000/20yrs = $8,400/yr
$8,400/12 months = $700 a month
so, you're telling me that they couldn't afford at most $700 a month???
Exactly...So what's the problem....
Parents probably gave him the house, and he wasn't responsible enough to maintain it.
I know all that, but I used an way inflated/unrealistic number for that POS of a house.......even taking everything you said into account, it wouldn't be more that $700 a month, shiiiiet....even at double that $1,400 is not alot of money.....
they probably did some stupid refinancing that got them in trouble
It is
ok.....
336K/30 = $11,200/yr
11,200/12 = $933.33/month
you're telling me that's not affordable???
It isn't
I'm looking to rent...you think I want my rental fee to be 1,400? When I am blessed enough to own a house I pray my mortgage is less than 900.
But something that I have learned here though is that people don't take care of their homes. So that could account for the depreciated value. Compounded with the housing market and the house is going to be foreclosed on at way below market value.
This is just a setup for a nice pity fund.
White people always make back double.
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