Quotes About Foreclosure

I'm short-selling my house. I have more loans than I can sell the house for. The house will not go into foreclosure. It will be a short sale. I can't afford the house as I once could.

If home ownership is the American dream, then foreclosure certainly is the American nightmare. It destroys more than credit. It destroys lives. And its effects are felt beyond the individual family that it devastates. It shakes our entire economy.

I turned down a job when I was broke to the point that I was about to go into foreclosure on my house, but I didn't want to work on the job because of the content of the show.

It is hard to work your day job and spend a ton of hours on your business, but it is harder to make a mistake and lose your home in foreclosure because you jumped before the boat was close enough to the dock.

The newest victims of the nation's foreclosure crisis are pets, which is extremely distressing to me.

It's time we acknowledge that not all Democrats are the same. That a Democrat who takes corporate money, profits off foreclosure, doesn't live here, doesn't send his kids to our schools, doesn't drink our water or breathe our air cannot possibly represent us.

Consumers going through foreclosure typically will see their credit scores drop, raising longer-term questions about their ability to rebound financially and perhaps pursue a more sustainable home purchase at some later point.

Remnants of the foreclosure crisis linger everywhere.

Home Owners' Loan Corporation (HOLC). It purchased existing mortgages that were subject to imminent foreclosure and then issued new mortgages with repayment schedules of up to fifteen years (later extended to twenty-five years).

Every day there are homeowners in California who will either receive relief so they can stay in their home, or will be in the foreclosure process and potentially lose their home. And that always weighed heavily on my mind.

We bought it out of foreclosure from a bank.

The Apperleys weren't the only foreclosure victims I found in the ranks of Amazon's CamperForce. I spoke with dozens of workers in Nevada, Kansas, and Kentucky. Tales of money trouble were rampant.

I'm telling you that there is no silver bullet to keep home prices from going down or to prevent all foreclosures.

In the press, it has been said that I ran a foreclosure machine.

How long will it take the citizens of the United States, one wonders, to recognize that the house their country bombed in Iraq is the same one they were living in until it was foreclosed?

Within a few months in 2008, household finances were crushed as asset values fell, millions of jobs were lost, countless credit cards were canceled, and thousands of homes were foreclosed on.

By late 2008, one out of every five mortgage holders owed more than their homes were worth. The banks called in the loans, and the foreclosure notices piled up.

I found that attitude remarkable. By this time the foreclosure epidemic had spread well beyond those who had knowingly purchased homes they could not afford.

But Sheila came very close to characterizing anyone not fully in support of her plan as an opponent of foreclosure relief in general.

foreclosed homes rarely resell for good prices,

Almost a decade removed from the foreclosure crisis that began in 2008, the nation is facing one of the worst affordable-housing shortages in generations.

The key to house prices is the share of foreclosure or short sales in the total housing market. When that share rises, house prices will fall, because distressed properties sell for significantly less - currently around 25 percent below non-distressed houses.

Journeys cause you to put your status quo self into foreclosure and put a down payment on your truest self.

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.