Beachbummette
SoWal Insider
-
Trouble logging in? Send us a message with your username and/or email address for help.
-
Hello all! We will be performing a website & forum update soon. You may get logged out so now is the time to make sure your email address in your account is correct - go to your account to check it and update it now. Send us a message with your username and/or email address if you need help.
If they would give us that money....
- Thread starter Capricious
- Start date
Mango
SoWal Insider
Last edited:
Capricious
Beach Fanatic
"This foreclosure is a result of Mr. Olesen deciding to relieve himself of all assets,"
Pardon, but is this analagous to "pissing away" money??
Pardon, but is this analagous to "pissing away" money??
This Mr. Murray, the mechanic, obviously has other problems with his money management if he is in so much trouble (2 suv payments perhaps?).
Assuming his wife doesn't work, his monthly gross is 7500. Even his new adjusted payment of 1800 is just 24% of his gross, below even the most conservative guidelines of 28%.
If those payments are 'killing him', then he needs to look at where the rest of his money is being squandered. Aside from the fact that it's an adjustable, this mortgage is not his problem.
Assuming his wife doesn't work, his monthly gross is 7500. Even his new adjusted payment of 1800 is just 24% of his gross, below even the most conservative guidelines of 28%.
If those payments are 'killing him', then he needs to look at where the rest of his money is being squandered. Aside from the fact that it's an adjustable, this mortgage is not his problem.