Posted:
#76
Quote Originally Posted by WendysRox:
Who would cosign for a guy who's sole purpose in buying a new home is so he can re-nig on his promise to pay for another home?
Sorry, don't mean to bash here, but I like the guy's comment about owning up to your debt. My grandfather went through the same thing and when I asked him why he didn't just give up the house and buy a new one, he said, "because I gave my word." Nowadays contracts don't mean shit and that's a shame... Man up and pay up.
(the part about my grandfather may have been dramatized)
Who would cosign for a guy who's sole purpose in buying a new home is so he can re-nig on his promise to pay for another home?
Sorry, don't mean to bash here, but I like the guy's comment about owning up to your debt. My grandfather went through the same thing and when I asked him why he didn't just give up the house and buy a new one, he said, "because I gave my word." Nowadays contracts don't mean shit and that's a shame... Man up and pay up.
(the part about my grandfather may have been dramatized)
We each have different point of view on to invest our money and when to cut our losses and move on.
Personally I do not see anything wrong if he short sales his current property and try to find a larger property yet still ended up paying the same mortgage. It's the American dream for many of us to own our home and there is definitely nothing wrong of taking advantage of the current housing situation and upgrade to a larger home.
0
Out of both houses with no credit for either one of them.
Hot Forum Topics
