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Alan, I have plenty of perspective, I have not had such an easy life and comparing me to your buddy who died of cancer,WTF is that ? I am working on my masters degree from the school of hard knocks, I have taken many a lump before and am sure that I will see more. SoCalGal is absolutely...

If I had the forsight to analyize the real estate trends and be able to accurately predict the mortgage melt down and still bought then yep I am a moron. I am just a guy who wanted to take the next logical step in life. Looking at everyone I know who bought a house at any point in their lives...

Gee I never looked at that way, I can just go from one dwelling to another and live a charmed life, sweet. I am a victim of circumstance only and I loose plenty. Sure if you look at it on paper its cut and dry but what about my child who may have to switch schools, having to move again and...

Socalgal, you are right I don't care what my house is worth at the moment except for the fact that my loan will reset in 3 yrs. I am no flipper. You are right Super broker held no gun but I kind of let him run with it instead of shopping around more for a pro. I can only blame myself in hind...

I am not real sure what you are saying Socagal. I know now that I can qualify for a conforming or conventional loan but I have no down but the killer is the LTV on a refi. So by going with the no money down super broker I shot myself in the foot. I just hope when it goes adjustable it wont...

Question, I have heard that the jumbo loan amount for CA has or will be increased,What will that do for someone in my situation? Or will it help me at all?

Same bank has both, I tried as soon as the prepay was up to refi just the 20 but no one not even the original lender said it was possible. I still say it could or should be because they are different loans/accounts. I wont try to pull anything funny, I will just keep paying my bills and wait...

I can afford a conventional 30 yr. fixed my payment wont increase that much as I do NOT have the low teaser rate loan. my loan is as I have been told "The best of the bad loans" 80/20 the 20 being high interest with the payment being interest only. The 80 is 6.5 interest & principal, both...

Explain cramdown

Odds are we will ride out the 3 years, we are not strapped and eating cat food or anything, just a MAJOR kink in our plan has us looking at future options. The broker that did our loan had the b@lls to call unsolicited to offer help with any short sale or lender negotiations like he knew the...

Am I subprime? Our scores are high 6 low 7's just being self employed and 100% financing was the reason we got this crappy loan? I dont think the Hope now thing is for us. Thanks for all the comments didnt think I would get this many and thanks for not jumping on me, I already feel kinda...

Abc123, We had some money for a down and the broker said save it dont need it and it would not lower the payment any so i put it into business where it was desperatly needed. Make double payments, if I could afford that I would not be in this situation.

Blackacre, I am told by friends in RE that the adjustable rate in 3 yrs will probably be considerably higher but I have no clue what it would be. If I could get a higher paying job I would have already, thats like telling me to go win the lottery. Expenses are cut we are pretty much house...

Isnt it great to be in a situation where failure is the only option. So I am one of those people who bought a house with 100% financing the whole 80/20 fixed for 5 blah blah. Now that rates are pretty darn low we figured hey lets refi out of this crappy loan into a conventional fixed rate...

To kind of get back to capocorso's original topic, just what are commercial prices doing? We were looking to relocate to south OC and wanted to purchase a vacant lot to build on but got tons of different scenarios and Dad got discouraged. So if some one who can simplify it for me, a vacant...

Just remember that this development will be on the only route in & out of the Brea Landfill (Valencia) lots and lots of heavy truck traffic. I know the people who bought in the area above Rose & valencia are not happy about it. Aside from concerns about the oil I would consider the ill effects...