Comments on: Free House in Foreclosure http://www.livingalmostlarge.com/2008/07/27/free-house-in-foreclosure/ Trying to live large ...one step at a time Mon, 15 Mar 2010 01:10:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Cash Affordability Poll Results | LivingAlmostLarge http://www.livingalmostlarge.com/2008/07/27/free-house-in-foreclosure/comment-page-1/#comment-2233 Cash Affordability Poll Results | LivingAlmostLarge Sat, 23 Aug 2008 13:30:50 +0000 http://www.livingalmostlarge.com/?p=882#comment-2233 [...] example is my post about Free House in Foreclosure.  These people won a free house without a mortgage and were still not able to survive.  Granted [...] [...] example is my post about Free House in Foreclosure.  These people won a free house without a mortgage and were still not able to survive.  Granted [...]

]]> By: Rich Life Carnival #8 | Your Finish Rich Plan - A Personal Finance Blog http://www.livingalmostlarge.com/2008/07/27/free-house-in-foreclosure/comment-page-1/#comment-2232 Rich Life Carnival #8 | Your Finish Rich Plan - A Personal Finance Blog Sun, 17 Aug 2008 03:44:15 +0000 http://www.livingalmostlarge.com/?p=882#comment-2232 [...] presents Free House in Foreclosure posted at LivingAlmostLarge, saying, “How do you go from a Free Home to Foreclosure in less [...] [...] presents Free House in Foreclosure posted at LivingAlmostLarge, saying, “How do you go from a Free Home to Foreclosure in less [...]

]]> By: Livingalmostlarge http://www.livingalmostlarge.com/2008/07/27/free-house-in-foreclosure/comment-page-1/#comment-2231 Livingalmostlarge Wed, 30 Jul 2008 14:42:52 +0000 http://www.livingalmostlarge.com/?p=882#comment-2231 Most people who get a free home turn around and sell it because even without a mortgage the new property taxes are pretty expensive. BUT it usually gives them a lot of equity to buy a different home with it. Most people who get a free home turn around and sell it because even without a mortgage the new property taxes are pretty expensive. BUT it usually gives them a lot of equity to buy a different home with it.

]]> By: Brandy http://www.livingalmostlarge.com/2008/07/27/free-house-in-foreclosure/comment-page-1/#comment-2230 Brandy Wed, 30 Jul 2008 03:25:06 +0000 http://www.livingalmostlarge.com/?p=882#comment-2230 seems to me like theyre kinda jerky and ungrateful the way shes basically saying they may just walk away from this house and let the bank have it. thats poor ethics and character. oh her neighbors are mad, big whup, i dont like all my neighbors but who cares. theyre neighbors not you. plus if they couldnt handle it they shouldnt have applied. you can give me a huuuge new house and the only bill that will increase would be property taxes. its still the same # of people there and they can not leave all lights on and run water for days. and they should be saving the money they werent spending on a mortage. its not training but uncommon common sense here. seems to me like theyre kinda jerky and ungrateful the way shes basically saying they may just walk away from this house and let the bank have it. thats poor ethics and character. oh her neighbors are mad, big whup, i dont like all my neighbors but who cares. theyre neighbors not you.
plus if they couldnt handle it they shouldnt have applied.
you can give me a huuuge new house and the only bill that will increase would be property taxes. its still the same # of people there and they can not leave all lights on and run water for days.
and they should be saving the money they werent spending on a mortage.

its not training but uncommon common sense here.

]]> By: LivingAlmostLarge http://www.livingalmostlarge.com/2008/07/27/free-house-in-foreclosure/comment-page-1/#comment-2226 LivingAlmostLarge Mon, 28 Jul 2008 17:12:39 +0000 http://www.livingalmostlarge.com/?p=882#comment-2226 Probably an older home turned into a McMansion. Probably an older home turned into a McMansion.

]]> By: Sean http://www.livingalmostlarge.com/2008/07/27/free-house-in-foreclosure/comment-page-1/#comment-2225 Sean Mon, 28 Jul 2008 16:07:34 +0000 http://www.livingalmostlarge.com/?p=882#comment-2225 The money might not even be the craziest part... did you see the slideshow with the original house? And the size of house that was next to it? The money might not even be the craziest part… did you see the slideshow with the original house? And the size of house that was next to it?

]]> By: LivingAlmostLarge http://www.livingalmostlarge.com/2008/07/27/free-house-in-foreclosure/comment-page-1/#comment-2229 LivingAlmostLarge Mon, 28 Jul 2008 15:30:21 +0000 http://www.livingalmostlarge.com/?p=882#comment-2229 Doesn't matter what they did with the $450k, that is a lot of money to flush down the toilet. It's crazy to run through $600k+ in less than 3 years, that's $200k/year! The show paid off the mortgage, they remortgaged the new house, and they got $100k in cash to help them along? Great job. Doesn’t matter what they did with the $450k, that is a lot of money to flush down the toilet.

It’s crazy to run through $600k+ in less than 3 years, that’s $200k/year!

The show paid off the mortgage, they remortgaged the new house, and they got $100k in cash to help them along?

Great job.

]]> By: frugal zeitgeist http://www.livingalmostlarge.com/2008/07/27/free-house-in-foreclosure/comment-page-1/#comment-2224 frugal zeitgeist Mon, 28 Jul 2008 14:59:09 +0000 http://www.livingalmostlarge.com/?p=882#comment-2224 Holy COW. Having said that, this shouldn't really be a surprise. One of the problems I have with Extreme Makeover (full disclosure: haven't seen it in several years) is that the gargantuan, fancy-ass houses they build have significant upkeep costs. For a family that already has trouble making ends meet - as many of the families helped by this program do - receiving a new house that's unaffordable to maintain is tantamount to setting them up for failure. Holy COW.

Having said that, this shouldn’t really be a surprise. One of the problems I have with Extreme Makeover (full disclosure: haven’t seen it in several years) is that the gargantuan, fancy-ass houses they build have significant upkeep costs. For a family that already has trouble making ends meet – as many of the families helped by this program do – receiving a new house that’s unaffordable to maintain is tantamount to setting them up for failure.

]]> By: devil http://www.livingalmostlarge.com/2008/07/27/free-house-in-foreclosure/comment-page-1/#comment-2228 devil Mon, 28 Jul 2008 14:19:41 +0000 http://www.livingalmostlarge.com/?p=882#comment-2228 This is why throwing money at people just doesn't work. Whether welfare or the lottery - if someone doesn't know how to handle money, giving them more won't help them. What a waste. Extreme Makeover could have donated to a worthy charity and helped a lot more people. Instead they just enabled spending addicts. This is why throwing money at people just doesn’t work. Whether welfare or the lottery – if someone doesn’t know how to handle money, giving them more won’t help them.

What a waste. Extreme Makeover could have donated to a worthy charity and helped a lot more people. Instead they just enabled spending addicts.

]]> By: Andrea http://www.livingalmostlarge.com/2008/07/27/free-house-in-foreclosure/comment-page-1/#comment-2227 Andrea Mon, 28 Jul 2008 14:15:05 +0000 http://www.livingalmostlarge.com/?p=882#comment-2227 It said in one of the articles I read that they put their money into a construction business and the business was not doing well. It said in one of the articles I read that they put their money into a construction business and the business was not doing well.

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