What to do?

[Guest]

3 minutes ago, Iriswest said:

Loan modification ane program untundi for every lending company. Job losses or deaths valla if you cannot keep up with payments they will give an option of forbearance (delay payments for few months without interest) or reducing your mortgage by some percent to help you out. Since foreclosures is an expensive process even for the company, they try to write off some of your loan amount. It will be a case bu case evaluation though.

Yea this is for those who like to stay and not panic.  If the prices go down drastically erasing their down payment,  they may panic and walk out. Thats what happened in 2008, hope that won't be the case now

[Android_Halwa]

2 hours ago, pahelwan said:

For suppose housing market crash aipoi recession vachi jobs pothe mortgage etla kattali foreclose okate option? Or 6 months mortgage defer cheskune options lantivi emina untaya endi vayya ee dikkumalina situations savings anni intlo petti 20% down chesi house konte enti ee paristiti anavsaranga konna anipistundi for the first time India lo emi invest cheyakunda motham antha house mida petti kurchunna ippudu chuste house ammuthe sagam kuda ravu due to recession. Looks like everyone’s screwed.

Chill kaka...zindagi lanti lambi safar la isonti slow down common...vastuntayi potentayi...! Kastapadda sommu edaki podu, jara idhar udhar suttala supu sudanika poi malla wapas vastadi

Home value padipoina, what you pay will not change neither your house...just few figures change and that too virtually..vundadaniki illu kavali, adi nee degara vundi..! Just oka 1 year vere etu divert avakunda cash maintain cheyyi...oka 20-30k ready cash...like Naa degara paisal lev ante checking la kam se kam oka 30k ani...atarvata dhairyam chudu deeni Thalli recession kakapothey danamma mogudu vachina emi peekaleru, in fact itlanti slow down time la cash vunte it will open Pandora’s box...

fikar cheyak kaka...live on credit and hoard up cash reserves..

[Mr Mirchi]

2 hours ago, pahelwan said:

For suppose housing market crash aipoi recession vachi jobs pothe mortgage etla kattali foreclose okate option? Or 6 months mortgage defer cheskune options lantivi emina untaya endi vayya ee dikkumalina situations savings anni intlo petti 20% down chesi house konte enti ee paristiti anavsaranga konna anipistundi for the first time India lo emi invest cheyakunda motham antha house mida petti kurchunna ippudu chuste house ammuthe sagam kuda ravu due to recession. Looks like everyone’s screwed.

Babai needhi single or double income?

[AasaDosa]

IAM rich enough so no problem

[kittaya]

vuu

[kittaya]

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