On thing to remember about the business savvy La Jolla homeowners:
They will cut and run as soon as they can if it makes business sense. There are probably hundreds of homeowners in La Jolla that are meeting with their CPAs and attorneys right now, plotting an exit strategy.
If they can get out, why wouldn’t they.
I know a condo investor/attorney that let multiple condos in La Jolla go into default because they want to renegotiate with the lender. They claim it was a voluntary move, not a cash flow problem.
Sophisticated business people do not need a 750+ credit score. It is a nice to have, but not a must have. Trash their credit for a couple years to cut a $1M loss… you bet they would.
