Kenneth, > Eh, Pete -- she's upside-down on the mortgage == negative equity.
We know the market will rebound over time, but to solve the current problem we can't bank on future gains. Plus, the house itself is still incomplete. It is in foreclosure because the payments are twice the normal size and we can't live in it so we have to live elsewhere. In this case, we live on the site 300 feet from the house, and our living costs are astronomical. That means our costs are three times the normal size. We couldn't afford that, and were unable to keep up with the payments for very long. If the house were finished, and the loan converted, and we lived in it, this situation would never have arose. Kristyne _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
