The American Dream?
So a couple of years ago I made the huge mistake, I now know that, and bought a condo in Las Vegas. Bad, bad idea......! The condo is now worth substantially less than what I bought it for, I now have what they call "an upside down loan". I even have an ARM! Yeay, I am so lucky.
It will take forever for the condo to appreciate so I can sell it for what I bought it for, meaning no profit at all. I just want to get rid of it, it is a headache, a brick around my neck.
When I got it I knew several people that had bought a house or a condo and were then sitting back, watching their property appreciate. So I thought I would "be smart" and stop "throwing away money by renting". HA! I sooooooo wish I was renting and saving all the money I feel I am throwing away on this stupid deal.
I also dealt with a shady lender, this too I figured out afterwards, introduced to my little condo buying deal by my real estate agent that I thought was looking out for my best interest. This is called "predatory lending" I now know. It is funny how you learn things afterwards. And it is also funny that there are so many dishonest people/creeps out there, just conducting their business.
This whole homeownership deal that they call "The American Dream" became my "American Nightmare".
So what now? Foreclosure.....? What do you think? Any advice? Tatiana NEEDS your assistance!
BTW do you need to be reminded that YOU NEED TATIANA?!!
It will take forever for the condo to appreciate so I can sell it for what I bought it for, meaning no profit at all. I just want to get rid of it, it is a headache, a brick around my neck.
When I got it I knew several people that had bought a house or a condo and were then sitting back, watching their property appreciate. So I thought I would "be smart" and stop "throwing away money by renting". HA! I sooooooo wish I was renting and saving all the money I feel I am throwing away on this stupid deal.
I also dealt with a shady lender, this too I figured out afterwards, introduced to my little condo buying deal by my real estate agent that I thought was looking out for my best interest. This is called "predatory lending" I now know. It is funny how you learn things afterwards. And it is also funny that there are so many dishonest people/creeps out there, just conducting their business.
This whole homeownership deal that they call "The American Dream" became my "American Nightmare".
So what now? Foreclosure.....? What do you think? Any advice? Tatiana NEEDS your assistance!
BTW do you need to be reminded that YOU NEED TATIANA?!!