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You guys living in your apartments have no clue do you... I actually WAS told that this was a fixed loan. (That's one of the things that my attorney is currently fighting... ) and they buried this whole adjustable thing in fine print some 20 pages into the contract. We had no clue that it was going to change until one day 2 years after buying we got the letter telling us the news. and raise it they have... 1.5% ever single month (which is the Max) since the 2 year anniversary of the loan.
To those of you who have never bought a house before, like myself included before this... there is a shitload of stuff they hustle you into to sign. Should I have read it better... yes. BUT I made the mistake of trusting my realitor, Huff, who was telling me that this was normal, that this was standard for all first time buyers yada yada. I even put 8k down. I make over 100k a year but I'm not about to pay for this house as it currently sits. AND Im not going to rebuy it (which I could do with the CD) No, I'm going to let them fght for the house... which will take them about 2 years, and then make them sit on the fucking thing for another year after the foreclosure is final. PLUS I'm taking every fucking thing I can out of the house. They can have the fucking shell for all I care.
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