Re: Update on youwalkaway.com


Posted by Paul on September 28, 2008 at 11:25:37:


In Reply to: Re: Update on youwalkaway.com
Posted by steele in minnesota on September 28, 2008 at 05:59:10:

Steele, all good points.

No at this very minute I am NOT an affiliate! I did request information on the program. My interest is peaked!

I not only looked at the website and its FAQ's but many, many reports from various radio, TV, news interviews conducted over the last year which are on the website. San Diego's DA is a little late to the party. Others have already questioned what they are doing. Can things still come up? Sure they can.

What I saw is a company selling information to people that have no clue how foreclosure works. Answers to questions that they could get in this very forum.

They aren't looking to acquire anyone's deed. They aren't telling people we'll stop your foreclosure just pay us x dollars. WHat they are saying is hey, there are OPTIONS people have in regards to their loans.

Are there error's on your HUD 1 papers at close of your escrow. Were interest rates on your TIL accurate?

Were all the "I's" and "T's" crossed?

How long can you stay in the home before being evicited. How does the foreclosure process work?

Though the name suggests "You Can Walk Away" is addressing people that have the financial means to pay their monthly note. Yet, do they have the moral obligation to pay??? I say they don't!

A deed of trust / mortgage is a contract to pay with all the legal aspects of time, security and clauses with that in clude "default."

Thers is no clause I know of that says a person has to pay if they have the financial means to pay.

If you specifically bought the home as an "investment" property and now that investment is upside down. Why would you keep the home? You might want to stay in the home as long as possible not paying a mortgage. Especially if you were in the property for zero down or low down of 5 to 10%. It's a business decision.

This also apply's to anyone that does not want to stay long term. They are helping people to make a decision between paying the morgage or paying off the credit cards and letting the home go!

In today's market place foreclosure is NOT the stigma it was two years ago! A better credit rating with credit card debt is the alternative to a foreclosure on one's credit report. It's a choice.

That's what this country is all about "options."


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