Comments on: Would You Walk Away From Your Home? http://www.amybergquist.com/blog/2008/02/29/would-you-walk-away-from-your-home/ News and views about real estate in Greater Hartford Sat, 22 Nov 2008 07:19:44 +0000 http://wordpress.org/?v=2.6.1 By: Jo http://www.amybergquist.com/blog/2008/02/29/would-you-walk-away-from-your-home/#comment-3001 Jo Sat, 29 Mar 2008 13:13:40 +0000 http://www.amybergquist.com/blog/2008/02/29/would-you-walk-away-from-your-home/#comment-3001 IMO- they should have never put themselves into that position. I think there are several people to blame. The lenders, the real estate "pros" and the buyers. Morally they should not walk away they should make the best effort to fulfill the obligation. The bank (especially in this market) should bend over backwards to make sure they keep the home. There is a trickle effect from the entire mortgage mess, and it touches us all. IMO- they should have never put themselves into that position. I think there are several people to blame. The lenders, the real estate “pros” and the buyers.

Morally they should not walk away they should make the best effort to fulfill the obligation. The bank (especially in this market) should bend over backwards to make sure they keep the home. There is a trickle effect from the entire mortgage mess, and it touches us all.

]]> By: Amy http://www.amybergquist.com/blog/2008/02/29/would-you-walk-away-from-your-home/#comment-2561 Amy Sat, 01 Mar 2008 23:45:07 +0000 http://www.amybergquist.com/blog/2008/02/29/would-you-walk-away-from-your-home/#comment-2561 Yeah, in 2006, approximately 45% of first time buyers used no money down. What percentage of them are now under-water and need to move? I have no idea. I also wonder what percentage of people have decided to stop making their mortgage payments and focus on credit card debt in order to salvage their availability to cash... Yeah, in 2006, approximately 45% of first time buyers used no money down.

What percentage of them are now under-water and need to move? I have no idea.

I also wonder what percentage of people have decided to stop making their mortgage payments and focus on credit card debt in order to salvage their availability to cash…

]]> By: Tony Vacc http://www.amybergquist.com/blog/2008/02/29/would-you-walk-away-from-your-home/#comment-2553 Tony Vacc Sat, 01 Mar 2008 12:36:27 +0000 http://www.amybergquist.com/blog/2008/02/29/would-you-walk-away-from-your-home/#comment-2553 have you considered just how many homeowners 1) put $0 down 2) paid either only interest or minimal principal + interest each month If I was in that sitution, would not walk but would run away from the house. No loss of equity and would not be buying another house for a while so would have time to work on the black mark on credit. have you considered just how many homeowners
1) put $0 down
2) paid either only interest or minimal principal + interest each month

If I was in that sitution, would not walk but would run away from the house.

No loss of equity and would not be buying another house for a while so would have time to work on the black mark on credit.

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