I have a good friend who's currently in foreclosure proceedings for a townhome, but he just recently signed to get into another house. I'm not sure how he was able to do it since we're both single and make about 45k / year. His new mortgage is slightly lower but he has two roommates who are paying $800 / month. What are the consequences of actions aside from these? And how will this action affect the rest of us? I live in California, was recently asked to relocate for my job to Texas and keep the same pay but passed because I couldn't leave my family and friends. I currently rent an apartment but would like to invest in a home one day. I'm 31 and single, but I feel like my slim chances at ownership exist through marriage. I'd rather not rely on friends or roommates to help make a mortgage, and shouldn't look to marriage as a means to an end either. Thanks for your time folks. Happy holidays.
2007-12-16
09:01:49
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2 answers
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asked by
Jharvis L
2
in
Business & Finance
➔ Renting & Real Estate