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Can't pay the mortgage? Be glad you are in the US!

By
Managing Real Estate Broker with arrivva, inc. CABre#0157615 NMLS#133975
In the country of Dubai, if you don't pay your mortgage, they may have a new albeit smaller accommodation for you. http://tinyurl.com/cetw4h
Posted by

Fred Glick

CEO, Broker/Owner, Multi-state Licensed Real Estate Brokerage U S Spaces, Inc./Arrivva
CEO, NMLS Certified Mortgage Brokerage U S Loans Mortgage, Inc. NMLS 51022/133975

215.238.9400 East Coast
310.741.7169 West Coast
http://fredglick.com

Licensed Real Estate Broker PA- U S Spaces, Inc. 2158298850, CA Dept of Real Estate BRE#01507615 , NJ Licensed Real Estate Salesperson

Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Who in Dubai needs a mortgage.  I thought they were all rich with U.S. oil money.

Feb 15, 2009 08:33 AM
Rosemarie Villanova
Diane Turton, Realtors - Ocean Grove, NJ

LMAO that is soooo true!!!!

Feb 15, 2009 08:41 AM
Fred Glick
arrivva, inc. - San Francisco, CA
We fixed real estate

Lenn,

 

In fact, Dubai actually does not have oil!  Take a look at the article and you'll see what's up there.

Feb 15, 2009 08:44 AM
Alyce Martin
The Realty Group, LLC - Albuquerque, NM
Albuquerque - THE Place To Be!

It's always interesting to see what's happening in other parts of the world. This handbasket is getting crowded!

Feb 15, 2009 09:33 AM
TIM MONCRIEF
Tim Monciref - Austin, TX
Over 2,000 homes sold…..

And I was thinking of selling there a few years ago.......  Whooooo

Feb 15, 2009 09:36 AM
Mark MacKenzie
Phoenix, AZ

I am still amazed that the government is literally talking about subsidizing mortgages for Americans.

Feb 16, 2009 01:50 AM
Nicole Lahti
United Lending - Austin, TX
Austin Texas Mortgage

Wow, talk about polar opposite from how we handle inability to pay debt. Incredible. Going to jail or the goverment paying debt for you? Hmm, both sound like bad ideas to me.

Feb 16, 2009 08:35 AM