March 10, 2011I think ours is up to around $37,348.90 annually with debt, tax and public fee increases, energy costs, property devaluations and income losses.
I noticed that our home dropped another $10,100.00 dollars by the end of February. Since 2007 our real value has dumped by about $271,000 bucks.
Doesn`t really matter to us, we never refinanced and are pretty close to taking the title.
We have a neighbor that just bull****ted his mortgager into writing off 200k in principal on his submerged home. He moved in with his new wife so it looks as though he`ll just rent his former house to some slug.
So did the banks win or did they screw themselves? (As far as mortgages)
I thought I just read that banks own 48.5% of the real property in the US right now.