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  • Hexis
    Green Mag Freak
    • Sep 2001
    • 2427
    #16
    Originally posted by sffudapparel
    it very well could have been just bad timing. I'm not trying to bad mouth you or anything of that nature. I'm just saying that if I was handed what was called a mini-mansion, I wouldn't make the same financial decision that now lands this family out of their house in ~3 years.
    It's real easy to say that now. At the time the risk may have appeared to be quite reasonable.

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      • F-Bomber
        I survived Castle Anthrax.
        • Aug 2008
        • 14
        #17
        Originally posted by sffudapparel
        The reason they are getting foreclosed is because they put it as collateral on a loan to start a construction business that failed already.
        No matter how the industry was when they got the house, it can't have been all that different from when the business failed the first time. Restarting the SAME business in the SAME area when the area obviously didn't need it bad enough to keep it afloat is unwise.

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