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Originally Posted by PornoMonster
What I don't understand is YES, your house went to HALF value, but that didn't change the payments you agreed to?
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Is sure did change the payments. I'm now paying 1/3 of what my original monthly mortgage was.
Quote:
Originally Posted by PornoMonster
Lots of people with bad credit have to do this every Day.
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I didn't have bad credit. Other than having a home loan for the house in Phoenix, and the usual utilities, I didn't have any open lines of credit since before 1999 or so.
Quote:
Originally Posted by PornoMonster
Sure it sucks paying way more for something than what it is worth, but you were doing that when you bought the house.
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When I bought the house, that was the going rate. It was either pay the price or live in a hotel.