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foreclosure etiquette


               
2009 Oct 18, 7:21am   2,340 views  7 comments

by sallybuttons   follow (0)  

okay, have a close friend called with bad news:  employer has stopped paying(!) and with a slightly upside down mortgage, guy is in a terrible $$ spot and fears a short sale is likely.  Same old story but...Here's the question:  Does one wait for friend to call and tell new developments, or does one call and ask how's it $$ going?    How are other folks being a good friend or at least considerate to pals in bad $$ spot?  Don't spend much time chatting with pals about $$ so etiquette is totally uncertain.  Thanks for kind advice.

#housing

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5   crash-olah   @   2009 Oct 18, 2:29pm  

that is true!!! maybe they will see the light then, and you won't have to be the one breaking it!

6   Leigh   @   2009 Oct 18, 3:00pm  

LOL, tell him there are millions of people losing their mortgages, I mean homes. Sorry, but this late in the game I have zero sympathy for anyone who bought in the past few years or pulled out all their equity and are now upside down.

On a more serious note, there are folks taking it real hard. Keep in touch, ask how he is doing, let him know you are there if he needs emotional support. There have been cases in our area where men have taken their own lives due to the pressures of the current situation, self created or not, it's not worth dying for.

7   sallybuttons   @   2009 Oct 19, 2:14am  

Leigh, "On a more serious note"...that's it exactly. This wasn't a speculative houseflipper as many folks in a mess only wanted a primary residence. Thank You all. I'll call today.

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