I am praying for you….

Your attitude is what they criminals are banking on. It’s better to starve and suffer than to buck the system. Wrong. These people can’t afford their houses, therefore they shouldn’t stay in them. They can rent like all of the OTHER decent people who DIDN’T “buy” (weren’t GIVEN) houses they couldn’t pay for. If you follow your logic, then the people who didn’t get free houses and rent should be given a free house too!

I don’t feel sorry for them. Every single person in this country is going through bad times, no matter how relative it is. I don’t owe someone a free ride and free house and I’m not paying for it. PERIOD.

If you leave on your own- you are not damaged (unless there is a dispute over deposit).

So, if you leased a 3 bedroom home for $1000 per month in a certain neighborhood, you should get any difference if you were unable to find a similar home for the price. So, if you had to pay $1200 now- you would get $200 for each month left on your lease.

Damages have to be foreseeable so you could not recover if you had to buy a car for one of your children to get to school.

Again, check CO law because there may be specific damages related to you on L&T law.

YOU CAN DO THIS.

2) Call local law schools around your area. Some have landlord tenant clinics or other services. Search your laws on the Internet. At least in CA, the laws are explained to be user friendly. Do not give up.

You will probably not get immediate relief to get you through what you need now, but you can be heard and prevail if you have a written lease. If you do not, at least you have 30 days.

3) Even call your courts, there are many services to walk you through the forms. There is also small claims court. Make sure you keep documenting everything and keep a timeline so that you do not forget dates. GOOD LUCK!!!

Also- Do not let your landlord bully you out the door because you may have a more difficult time later proving a constructive eviction. You do not want to appear as if you consented or voluntarily left.

Many took out interest only loans. As a result, they lived years with silly low payments and their spending probably adjusted to that. There are also those that drained all of the “equity” at the peak.

I live in one of the top five worst cities. Purchased 1980 home in 2001 for $82K. In 2007, I had an offer for a no doc refi (I even told them I was not working-school) for an appraised amount of $354K!! I had dollar signs in my eyes, but I just knew better to take money off of my house for consumer debt and purchases. All my neighors took did refis and over did their homes for the neighborhood. Bottom line, my house is worth about $115K today.

This sucks for everyone, but this handup sends the wrong message to Americans.

On the other hand, most if this may not fly in reality because I heard that banks were moving towards traditional lending with 20% down so even gov subsidized deals may not be enough incentive to reinvest in those that qualify for relief. I think the most action will happen in BK courts…renegotiating the principal- that is nuts.

Perhaps we should work harder to remove the stigma of renting.

This crazy landlord sold the house she is living in “accidentally”, on a whim and so now that the contrac tis inconvenitent, she thinks it no longer applies.

According to Colorado Law, on a one year lease I am entitled to three months notice. I do not know what I am entitled to sue her for. But I am pretty pissed.

But I can tell you this. Every state has a landlord tenant law and you are entitled to coverage under it. In most states it would take her nearly 90 days to get you out even if you are not paying rent — which is not your situation.

Please, please, please use your computer and google the landlord and tenant law for your state. Then check where it is enforced in your county and be at their office tomorrow. Please make sure that you are not pushed around.

I will be praying for you.

I do not think I should have to bail out the crooked banker who did this. I do not think I should have to listen to the President suggest that the millions of us who could not hang on any longer are a bunch of deadbeats, but those who are just now getting into trouble, or those who will get into trouble in the future are good responsible people who need some help. My house lost value, too. I could not sell it for what I owed, or refinance, especially after they took away every bit of equity I had. I don’t think I should have to bail out those who are getting help, when I didn’t get any.

I’m having a shitty month and I do not feel sorry for bankers or people who still have a home. I signed a one year lease on this house and came home last week to find the landlord on the steps telling me she is moving in her and I have two weeks to get out. I know that’s illegal, but I don’t know how to fight. I used every penny I had moving. She won’t give me back my deposit or the rent I paid three days earlier until I am gone. I am expected to come up with a second month’s rent and a deposit and moving money in the middle of the month. I’m pretty tired of being pushed around though, so I sent her a letter telling her she is going to get sued for breach of contract.

The inevitable is many many people will have to rent. The excess of unsold and foreclosed houses will decrease only when the economy picks up and even then, real state values wont rise, because there is no trust left. It will be very hard to get a mortgage since banks will not lend their cash easily.

it is pathetic to see these politicians whine about lack of affordable housing for the lower and middle class , yet do all they can to keep the prices from going down.