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Yugless  United States. May 19 2007 11:41. Posts 7174 | | |
...in the game of life 
Next week I'm filing for bankruptcy as a result of getting scammed in a real estate deal. This guy I trusted came up with a bunch of false documents, including two appraisals and comps, saying this house was worth more than it really was. As a result I ended up over paying 50k for the house.
I didn't actually lose any money aside from about $1000 in closing costs, but my credit is ruined for the next few years and I won't be able to buy any more property until I re-establish my credit. I might actually make money after all the dust settles in my flurry of lawsuits, although collecting from these scumbags will be difficult.
I'm still young though, and i will be older, smarter, and have more money to work with by the time i get back in to the real estate game.
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| Baal - look is talking hah. | |
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PoorUser United States. May 19 2007 11:45. Posts 7472 | | |
wow sick x.x
at least credit is something that wont be as important to you as other people your age |
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ggplz Sweden. May 19 2007 11:52. Posts 16784 | | |
this is really unfortunate
hope u get it back ; |
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| if poker is dangerous to them i would rank sports betting as a Kodiak grizzly bear who smells blood after you just threw a javelin into his cub - RaiNKhAN | |
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nolan Ireland. May 19 2007 11:53. Posts 6205 | | |
wow, sucks.
good luck getting those fucking punks back.
if you can't get them to pay up the legal way you can call my uncle vinny the bull... |
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| On September 08 2008 10:07 Baal wrote: my head is a gyroscope, your argument is invalid | |
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newbie.cjb United States. May 19 2007 12:21. Posts 3096 | | | |
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| my lose is a win. my wins are nothing. | |
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Roald Tuvalu. May 19 2007 12:32. Posts 2683 | | |
Sorry to hear it. Amazing though how many people got caught up in this real estate ponzie scheme though. Did you buy the house to sell it at a profit or to live in it? |
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| drugs, animals, children are welcome -Xavier | |
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| Im only good at poker when I run good | |
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Yugless United States. May 19 2007 12:40. Posts 7174 | | |
| | On May 19 2007 11:21 newbie.cjb wrote:
ur bankrupt from 50k? |
uh yeah, i dont happen to have an extra 50k lying around, and even if i did i would rather file for bankruptcy than part with it.
i was going to sell it for a profit. i already owned two rental homes at the time. |
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| Baal - look is talking hah. | |
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Sheitan Canada. May 19 2007 12:43. Posts 4217 | | |
Meh, i never trust people that come and offer crazy deals. |
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| Odds are exactly 50%, either happens or it doesnt | |
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mrpav.com Canada. May 19 2007 13:00. Posts 3069 | | | |
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When I run for prime minister of Canada people like this will get the Catapult |
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| Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light not our darkness that most frightens us and as we let our own lights shine we unconsciously give other people permision to do the same | |
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albonycee United States. May 19 2007 13:10. Posts 2749 | | |
bakruptcy should be your last option. good luck anyways. |
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| (insert stupid shit)aments | |
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mrwongie Canada. May 19 2007 13:13. Posts 1710 | | |
this is bad, hope you can make it all back from the poker tables. |
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| Have you ever wondered which hurts the most: saying something and wishing you had not, or saying nothing, and wishing you had? | |
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blunt_smokr United States. May 19 2007 14:47. Posts 1314 | | |
| | On May 19 2007 11:40 Yugless wrote:
uh yeah, i dont happen to have an extra 50k lying around, and even if i did i would rather file for bankruptcy than part with it.
i was going to sell it for a profit. i already owned two rental homes at the time.
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you did the right thing by filing for bankruptcy. |
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straate Argentina. May 19 2007 15:12. Posts 2837 | | |
omg yug im sorry
im always on aim if you want to talk |
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| silverfox971: if this was a live game i would spit on you | |
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Tien Canada. Jun 24 2007 15:47. Posts 1605 | | |
lol
real estataments
BTW, when you file for bankruptcy and the home gets repossessed, did you know your creditors can go after your other properties?
Are you foreclosing? |
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Yugless United States. Jun 26 2007 10:29. Posts 7174 | | |
| | On June 24 2007 14:47 Tien wrote:
lol
real estataments
BTW, when you file for bankruptcy and the home gets repossessed, did you know your creditors can go after your other properties?
Are you foreclosing? |
i was told they cant. anyway, i sold everything. out of the game for now. |
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| Baal - look is talking hah. | |
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