Comments for The Decision Strategist http://blog.potterzot.com peace corps, decision making, economics, startups...the list goes on Fri, 19 Mar 2010 01:45:14 +0000 http://wordpress.org/?v=2.5.1 Comment on Sell Your House Or Let The Bank Foreclose? by Reurninhipror http://blog.potterzot.com/2007/10/24/sell-your-house-or-let-the-bank-foreclose/#comment-445 Reurninhipror Thu, 18 Mar 2010 17:24:31 +0000 http://blog.potterzot.com/2007/10/24/sell-your-house-or-let-the-bank-foreclose/#comment-445 [B]gamerflex.com[/B] Hi, How are you? If you want to have a play on some cool flash games then give us a visit now. [URL=http://www.gamerflex.com][B]Free Online Games[/B][/URL] [B]gamerflex.com[/B]
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]]> Comment on Using Pareto Analysis To Allocate Time by wataitohiki http://blog.potterzot.com/2007/08/22/using-pareto-analysis-to-allocate-time/#comment-433 wataitohiki Tue, 05 Jan 2010 04:29:01 +0000 http://blog.potterzot.com/2007/08/22/using-pareto-analysis-to-allocate-time/#comment-433 Le debe decirlo — la mentira. Le debe decirlo — la mentira.

]]> Comment on Small Town Strategy in A Global Economic Recession by Janet Reyes http://blog.potterzot.com/2007/10/14/small-town-strategy-in-a-global-economic-recession/#comment-428 Janet Reyes Tue, 08 Dec 2009 07:02:43 +0000 http://blog.potterzot.com/2007/10/14/small-town-strategy-in-a-global-economic-recession/#comment-428 Our country was also hit hard by the Economic Recession. At least we are seeing some signs of economic recovery now. I hope that we could recover soon from this recession. . Our country was also hit hard by the Economic Recession. At least we are seeing some signs of economic recovery now. I hope that we could recover soon from this recession.
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]]> Comment on Small Town Strategy in A Global Economic Recession by Jenna http://blog.potterzot.com/2007/10/14/small-town-strategy-in-a-global-economic-recession/#comment-421 Jenna Mon, 02 Nov 2009 06:13:37 +0000 http://blog.potterzot.com/2007/10/14/small-town-strategy-in-a-global-economic-recession/#comment-421 the Economic recession made a lot of jobless people in my own country. We could only hope that our economy becomes strong again. the Economic recession made a lot of jobless people in my own country. We could only hope that our economy becomes strong again.

]]> Comment on How I Chose The Wrong Car by Nopinky Duda http://blog.potterzot.com/2007/08/15/how-i-choose-wrongly/#comment-417 Nopinky Duda Fri, 23 Oct 2009 11:55:13 +0000 http://www.potterzot.com/blog/2007/08/15/how-i-choose-wrongly/#comment-417 can I afford to buy this car if im earning R6400.and i am permanently employed by Driefontein Gold Mine. my contact Number is 078 216 1710 can I afford to buy this car if im earning R6400.and i am permanently employed by Driefontein Gold Mine. my contact Number is 078 216 1710

]]> Comment on Sell Your House Or Let The Bank Foreclose? by willing http://blog.potterzot.com/2007/10/24/sell-your-house-or-let-the-bank-foreclose/#comment-416 willing Thu, 22 Oct 2009 01:35:10 +0000 http://blog.potterzot.com/2007/10/24/sell-your-house-or-let-the-bank-foreclose/#comment-416 I am in a situation where I moved 3000 miles away from a home I bought in a relationship that went south fast. I probably invested 10K overall in down payment and refinancing to get the ex's name off. The house is in a part of the country I loathe, and will never live in again. I do make enough money to hang onto the house...barely, and rent in my hometown(I already moved out of my home). But, I can't sell the house for anywhere near what I refinanced it, and renting is a nightmare from 30 seconds away, let alone 3000 miles. So, I am planning on letting it go. I only have 2 years of payments into it, and it's basically been cheaper than renting, without the deposits. And, I would have to come up with probably 5-10K or more to get it show ready to sell and settle at the table whenever it does sell. I see it as the above people do: a waste of money and effort on a bad investment in a place I only lived for a spouse. I'm almost a month behind, and if you miss ONE month, your credit score already takes that 150 point nosedive. So you might as well foreclose at that point since the score is already gone. I hate losing my prime(not great but prime) level credit score, but it's only temporary. And I will be able to show only the house was where I lapsed. People can still get loans with a foreclosure. It's not credit death, just coma. And they can't garnish wages or come after you since they hold the collateral. It's really the new bankruptcy for a lot of us that made bad choices when our economy was supposed to last. And we were lied to by the government that real estate was such a great gamble when they were secretly setting all of us up for failure by lending to people who couldn't afford their mortgages. I'm not making it any better by what I am doing, but I am making it even for myself...a second chance without this elephant on my back. I am in a situation where I moved 3000 miles away from a home I bought in a relationship that went south fast. I probably invested 10K overall in down payment and refinancing to get the ex’s name off. The house is in a part of the country I loathe, and will never live in again.

I do make enough money to hang onto the house…barely, and rent in my hometown(I already moved out of my home).

But, I can’t sell the house for anywhere near what I refinanced it, and renting is a nightmare from 30 seconds away, let alone 3000 miles.

So, I am planning on letting it go. I only have 2 years of payments into it, and it’s basically been cheaper than renting, without the deposits. And, I would have to come up with probably 5-10K or more to get it show ready to sell and settle at the table whenever it does sell. I see it as the above people do: a waste of money and effort on a bad investment in a place I only lived for a spouse. I’m almost a month behind, and if you miss ONE month, your credit score already takes that 150 point nosedive. So you might as well foreclose at that point since the score is already gone.

I hate losing my prime(not great but prime) level credit score, but it’s only temporary. And I will be able to show only the house was where I lapsed.

People can still get loans with a foreclosure. It’s not credit death, just coma.

And they can’t garnish wages or come after you since they hold the collateral. It’s really the new bankruptcy for a lot of us that made bad choices when our economy was supposed to last. And we were lied to by the government that real estate was such a great gamble when they were secretly setting all of us up for failure by lending to people who couldn’t afford their mortgages.

I’m not making it any better by what I am doing, but I am making it even for myself…a second chance without this elephant on my back.

]]> Comment on Small Town Strategy in A Global Economic Recession by michael http://blog.potterzot.com/2007/10/14/small-town-strategy-in-a-global-economic-recession/#comment-415 michael Sat, 17 Oct 2009 16:42:15 +0000 http://blog.potterzot.com/2007/10/14/small-town-strategy-in-a-global-economic-recession/#comment-415 the economic recession made a lot of workers jobless. my best friend and me lost our jobs because of job cuts. i hope that our economy would recover soon. the economic recession made a lot of workers jobless. my best friend and me lost our jobs because of job cuts. i hope that our economy would recover soon.

]]> Comment on The 5 Hardest Decisions of My Life by Dara http://blog.potterzot.com/2007/09/17/the-5-hardest-decisions-of-my-life/#comment-413 Dara Sat, 10 Oct 2009 20:55:15 +0000 http://blog.potterzot.com/2007/09/17/the-5-hardest-decisions-of-my-life/#comment-413 Well I'm not sure about decisions, but I'm sure that reading that article was the worst choice of my life. Well I’m not sure about decisions, but I’m sure that reading that article was the worst choice of my life.

]]> Comment on Sell Your House Or Let The Bank Foreclose? by bdg http://blog.potterzot.com/2007/10/24/sell-your-house-or-let-the-bank-foreclose/#comment-412 bdg Mon, 21 Sep 2009 01:32:29 +0000 http://blog.potterzot.com/2007/10/24/sell-your-house-or-let-the-bank-foreclose/#comment-412 from my experience, the short sale is possible. i have completed one. from what i have read, i am one of the lucky ones. most short sales fail. as far as foreclosures go, if one quits paying their mortgage and waits for the sheriff to kick them out, it could take over two years! if one deposited all that money in the bank in the meantime, one would surely have a nice pile of cash built up. perhaps consulting a lawyer would help. they may be able to tie up the legal process and allow for more time in ones home! from my experience, the short sale is possible. i have completed one. from what i have read, i am one of the lucky ones. most short sales fail. as far as foreclosures go, if one quits paying their mortgage and waits for the sheriff to kick them out, it could take over two years! if one deposited all that money in the bank in the meantime, one would surely have a nice pile of cash built up. perhaps consulting a lawyer would help. they may be able to tie up the legal process and allow for more time in ones home!

]]> Comment on Sell Your House Or Let The Bank Foreclose? by Marcus http://blog.potterzot.com/2007/10/24/sell-your-house-or-let-the-bank-foreclose/#comment-407 Marcus Wed, 19 Aug 2009 06:31:07 +0000 http://blog.potterzot.com/2007/10/24/sell-your-house-or-let-the-bank-foreclose/#comment-407 I did a quick google search, and this post came up. Here is my situation. I put 30K down on a duplex that I bought 5 yrs ago in Minneapolis with a friend. She flaked and I had to pay 10K to get rid of her, so I am in 40K. I met someone and we now have two houses. I live on a street that has rerouted buses so the house shakes. If I sold it, I would maybe get 240 minus all commissions. It is a beautiful house that I have dumped money and soul into, but I am exhausted with a money pit and tenant issues? I have constant flight fantasies. Any suggestions? My credit score is 799. Would I be able to ever buy again if I walked? This is my first house. Needless to say, I am bitter at the entire banking/real estate industry that I could own a house worth 60K less than I paid for it 5 years later. I did a quick google search, and this post came up. Here is my situation. I put 30K down on a duplex that I bought 5 yrs ago in Minneapolis with a friend. She flaked and I had to pay 10K to get rid of her, so I am in 40K. I met someone and we now have two houses. I live on a street that has rerouted buses so the house shakes. If I sold it, I would maybe get 240 minus all commissions. It is a beautiful house that I have dumped money and soul into, but I am exhausted with a money pit and tenant issues? I have constant flight fantasies. Any suggestions? My credit score is 799. Would I be able to ever buy again if I walked? This is my first house. Needless to say, I am bitter at the entire banking/real estate industry that I could own a house worth 60K less than I paid for it 5 years later.

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