And now I’m stuck holding the bag? I don’t think so.
I want relief in the form of principal reduction, and I want it now!!
Otherwise, here’s your house back![/quote]
Unfortunately, That won’t work for me. Because I have an LTV of 47% or so… I think if I tried to threaten the lender, I think they would say “go for it. We’ll actually make money by forclosing on you :(”
And about refinancing. I guess you can’t refinance more than 60% of the value I think.
So the only thing I can do, is try to take advantage of the cheap credit and leverage the hell out of things (if I can).
