Anonymous wrote:I wonder why at the time they purchased it, why didn’t they just pay for it all in cash up front??
They certainly had the money then.
Then once they had the deed, they could have updated it to their liking.
And they should have skipped the cosmetic surgery and instead put that money into their home renovations.
Anonymous wrote:Just want to say that this thread is extremely well-titled.
Anonymous wrote:Why do I feel like there is a Go Fund Me coming to help them keep their house?
Anonymous wrote:I wonder why at the time they purchased it, why didn’t they just pay for it all in cash up front??
They certainly had the money then.
Then once they had the deed, they could have updated it to their liking.
And they should have skipped the cosmetic surgery and instead put that money into their home renovations.
Anonymous wrote:Here's what I don't understand: They owe 1.65 but the house is worth 2.5 or so - why let this go to foreclosure? Could they not just sell, take the 900k remainder and buy something else? Bonus that they would not trash their credit in the process. What am I missing?
Anonymous wrote:Anonymous wrote:Anonymous wrote:How do they have a $1.65M mortgage for a house they paid $880k for 11 years ago? Did they go crazy with a HELOC?
They have done several cash out refis to pay for their lifestyle. The first foreclosure in November was for the second mortgage. This foreclosure is now for the first mortgage. They will lose the house this time unless they finally win big at the casinos.
They can do a new version of "Downsizing".
Anonymous wrote:Anonymous wrote:How do they have a $1.65M mortgage for a house they paid $880k for 11 years ago? Did they go crazy with a HELOC?
They have done several cash out refis to pay for their lifestyle. The first foreclosure in November was for the second mortgage. This foreclosure is now for the first mortgage. They will lose the house this time unless they finally win big at the casinos.