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Foreclosure limbo: Staying without paying.

By: clo in FFFT | Recommend this post (0)
Thu, 09 Jun 11 9:29 PM | 28 view(s)
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Msg. 29786 of 65535
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This sort of behavior makes me made as hell!
While many of us live responsible lives, these greedy SOB'S are having us pay the price for their irresponsible actions! clo

http://finance.yahoo.com/news/Foreclosure-limbo-Staying-cnnm-989137852.html?x=0

Foreclosure limbo: Staying without paying.

in part:

Lynn, who didn't want her last name used, purchased a two-bedroom on Tampa Bay in 1998 for $135,000.

As the waterfront property's value skyrocketed, eventually reaching $750,000, she refinanced twice (once to expand a business), and took out a second mortgage. She now owes more than $600,000 on the home, which is worth only $235,000. 

Living in this foreclosure limbo is "Hell," Lynn said. "I feel like I'm locked in a box. I work for a financial organization and if this came out, it could cost me my job."




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DO SOMETHING!




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