My Family has a Foreclosure Notice

[HellHound]

This is just loving lovely. We are gonna lose our house.

[Ad Bot]

[Fab]

well... goodbye I guess?

[Swat 3]

mybe ur pirents shulda PAYD DAH MORGIGE.

That sucks. Are your parents stuck in a financial bubble where they couldn't pay the bill?

[Otis Da HousKat]

Well that's what happens when you don't pay.

[Count]

Sheesh, I am sorry to hear that man. What are you guys going to do?

[HellHound]

mybe ur pirents shulda PAYD DAH MORGIGE.

That sucks. Are your parents stuck in a financial bubble where they couldn't pay the bill?

Yes. We have a stuff load of debt ever since my dad lost his auto repair shop.

[Cynic]

why did they not file for bankruptcy?

[Hiok1998]

why did they not file for bankruptcy?

because they will never be able to take loans ever again.

[Cynic]

because they will never be able to take loans ever again.

yeah let's not post about financial situations if you know nothing about finances, agreed?

[TheABELBOTO]

eek, any plans to move somewhere or...

[Alyx Vance]

Sorry man, I know how it feels. We had our home foreclosed on us before.

[Oasis]

Happened to my family as-well.

Do you have any relatives to help ease the transition?

[HellHound]

Happened to my family as-well.

Do you have any relatives to help ease the transition?

No.

why did they not file for bankruptcy?

Because we still have money, just not 150 thousand dollars.

[Bisjac]

because they will never be able to take loans ever again.

letting yourself default on a mortgage is far far worse then the damage going bankrupt would cause.

[Cynic]

Because we still have money, just not 150 thousand dollars.

exactly and bankruptcy would allow them to compile all of their debt and make monthly payments

and like bisjac said, it's far worse on your credit to default on your mortgage rather than just file bankruptcy