Dianne, Get a clue. Why would someone sign a mortgage document that they don't understand without an attorney? Why would you be stupid enough to"trust" someone else with your own finances? And lastly, there are no surprise increases in mortgage payments. Read what you sign. Ask if you don't understand... And perhaps lock into a fixed mortgage in a home you can afford rather than thinking that you are getting around the system and getting into a bigger house than you can afford by accepting a variable rate mortgage. When you sign the papers, the "variable rate, interest only, or ARM" should be a big red flag......
Should have joined the rest of us who bought homes we could afford with a 30 year fixed rate mortgage who are getting stiffed because we actually pay our bills and don't get bailed out.

Whatever happened to being satisfied with having what you need?? A regular, 3 or 4 bedroom house with a couple of bathrooms and a yard is more than enough for one person with no wife or kids. Greed is an ugly thing, and always comes back to bite.

And who would buy a house with more bathrooms (16) than bedrooms??? (10) That's stupid.

couldnt say it any better....WELCOME to the real...you have...NOT my sympathies..im a trucker ..driving..18wheelers.. transporting gasoline tankers...making $52k/year living in florida..and im living a comfortable life.. hey im sure they have truck driving schools there in L.A. ?? hehe'... then again the cost of tuition might be a bit TOO much for the guy... LOL "keep on Truckin" babii.. anGeL

Hi, Karen!

I totally agree with your sentiment. Show us people with families, working hard, trusting the lender's loan product they got, and then getting hung out to dry by the 'surprise' major payment increase.

The rich who have no sense of financial responsibility soon find themselves back at ground zero. Now they know how the rest of America is hurting. What makes it so stupid of them is that they HAD enough to DO enough to avoid the loss.

Good observation!

Dianne

i don't care if you're rich, middle class or on what-have-you...if you signed a mortgage with out reading it, or you re-fi'd because somebody says your house is worth $400K instead of the $90K you paid for it, NOBODY should have sympathy for you and NOBODY should bail your dumb (explitive) out!! i paid $120K for my house & now pay taxes on a $350K house...should i re-fi 'cause the bank says i can? NO!! NO! NO! NO!! geesh! wake up people!! i can't afford a $300K house or i would have bought one. and you.....????

Hey Bill it sure sounds like your trying to impress us .

Well, la-tee-freaking-dah, Bill, if you're so damned flush, why don't you help some of the folks who can't even afford to feed their kids, and don't live in their car--because they don't have one! SNOB!

Wow ... why is everyone getting on Bill's case? I work and go to school full time - and it's definitely a struggle - but I don't think it's anyone's job to bail me out. Would it be nice for someone who has more money than they need to just hand it over? Absolutely! But lets be realistic ... its not their responsibility. Good for Bill for being successful!! It doesn't make him a snob for putting in his two cents. Jealousy and condescending comments are not any more of a flattering characteristic than the snobbery you're accusing this man of.

Hey Klansman,

Just so you know... Scott Storch is white.

You are such a racist, simplistic, idiotic simpleton who can't seem to focus on the issue at hand. You need to stay in school or go back to school and pay more attention in your English class so that you can participate in a sensible, relative discussion. Your empty racist head seem to cloud your simple mind and head. What' does your comment have to do with Scott Storch's situation or the price of gold in Timbuktu?

Oh, by the way, get used to an "AFRICAN" or a "NEGRO" in the "White House" real soon you, racist idiot.

OBAMA '08!!!!!!

Hey Klansman...please go back to disease infested EASTERN EUROPE where you belong.

What the hell does this topic have to do with Africa? You racist red neck white boys are perpetually fixated with the black mans penis and black skin. you are so damn envious that you cannot become him...Ha Ha Ha...See ya! wouldn't want to be you.

Geez, are there STILL people like you out there? I thought all the inbreds died out. . .

In reply to what the idiot klansman said:

You need to dislodge your head from your rear end and realize there are millions of white Africans and proud of it. How can someone go back to a place they are not originally from? Freaken jerk.