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View Diary: Your Tax Dollars Just Paid For Armored Vehicles and 100 Law Enforcement Personnel to Evict A Family. (72 comments)

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  •  Could be (7+ / 0-)

    According to the Daily Press:

    ...the home owned by Javier Hernandez, who bought it in 2006 for $546,000. He signed a subprime mortgage requiring interest-only payments at first with an adjustable rate.

    The monthly payment went from $3,900 to $4,500 and four loan modification requests were denied. Hernandez stopped making payments nearly five years ago on what is now a $253,000 house. The past-due amount tops $250,000 — more than the home's current value of $242,000.

    Things work out best for those who make the best of the way things work out.

    by winsock on Thu Dec 27, 2012 at 06:54:55 PM PST

    [ Parent ]

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