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Originally Posted by Mr Pheer
BofA got my mortgage from Countrywide and then sold my mortgage after they could no longer collect PMI on it. Doesnt matter as I didnt meet any of their criteria anyway. I bought my place before the housing boom & crash, never refinanced it or got a 2nd mortgage and its worth more than I owe. But the good thing is, I no longer have to deal with Bank of America.
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We were the exact same thing - originally through Countrywide.
Quote:
Originally Posted by Mr Pheer
My next door neighbors didnt pay their house payments for 18 months then they just moved out and its been sitting empty for three months now. I sure hope they dont get their house back, I was doing the happy dance the day the moving truck showed up at their place.
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A lot of people in my area defaulted on their homes, but everyone here had new homes and new loans. People just walked away from their homes, or lived in them as long as they can.
At one point exactly half of the houses on my street were vacant. Out of twenty houses, ten were empty. Now we only have one, and it's a rental.