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Old 01-17-2008, 04:13 AM
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Karsun Karsun is offline
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Default Re: Forclosure suprises?

I agree they should pay what they owe but I'm wondering about something I heard. Supposedly there's a lot of forclosures right now cause people got great ARM rates and then when it came time to change it, some people's payments tripled. So perhaps they were paying $1000 per month and could afford it and now it's $3000. I can understand wanting to take all you have cause I can't imagine losing your home. I always said that before I allowed a vehicle or my home to be forclosed that I'd do whatever I could to keep it, even if it meant working 4 jobs or whatever. I think I'd walk the streets first, you know? Even before we had some money (we're not rich by any means but do make more than we ever have) we never had anything repossessed or forclosed. I do feel sorry for some of those people. Like I said, it's gotta be one of the most awful things to lose your home.
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