When does it make financial sense to just dump your house???

[PCinSD]

[quote=CA renter]
Anyone know if this is being done, and whether or not it’s successful?[/quote]

I know of someone who just did it successfully. Quit paying on the 2nd, then paid them off. I believe he paid $10k to eliminate a $100k note.

[sdrealtor]

I can confirm that sold out jr liens (i.e. completely underwater 2nds that have nothing to gain via foreclosure) are settling for 10 to 20 cents on the dollar and often less. They are de facto principal reductions. I’ve been blogging about it for a couple months but Rt 66 wanted to discount it. Its real.

[sdrealtor]

I can confirm that sold out jr liens (i.e. completely underwater 2nds that have nothing to gain via foreclosure) are settling for 10 to 20 cents on the dollar and often less. They are de facto principal reductions. I’ve been blogging about it for a couple months but Rt 66 wanted to discount it. Its real.

[sdrealtor]

I can confirm that sold out jr liens (i.e. completely underwater 2nds that have nothing to gain via foreclosure) are settling for 10 to 20 cents on the dollar and often less. They are de facto principal reductions. I’ve been blogging about it for a couple months but Rt 66 wanted to discount it. Its real.

[sdrealtor]

I can confirm that sold out jr liens (i.e. completely underwater 2nds that have nothing to gain via foreclosure) are settling for 10 to 20 cents on the dollar and often less. They are de facto principal reductions. I’ve been blogging about it for a couple months but Rt 66 wanted to discount it. Its real.

[sdrealtor]

I can confirm that sold out jr liens (i.e. completely underwater 2nds that have nothing to gain via foreclosure) are settling for 10 to 20 cents on the dollar and often less. They are de facto principal reductions. I’ve been blogging about it for a couple months but Rt 66 wanted to discount it. Its real.

[CricketOnTheHearth]

We all know that “Gov” won’t get out of the way with all their moratoria, mod programs, bait, etc unless something cold-cocks them. Like, China, or a Euro-based oil bourse, or some black swan that nobody’s put their binoculars on yet.

oxfordrick on November 17, 2009 – 7:24am:
“…when Gov gets out of the way…”

[CricketOnTheHearth]

We all know that “Gov” won’t get out of the way with all their moratoria, mod programs, bait, etc unless something cold-cocks them. Like, China, or a Euro-based oil bourse, or some black swan that nobody’s put their binoculars on yet.

oxfordrick on November 17, 2009 – 7:24am:
“…when Gov gets out of the way…”

[CricketOnTheHearth]

We all know that “Gov” won’t get out of the way with all their moratoria, mod programs, bait, etc unless something cold-cocks them. Like, China, or a Euro-based oil bourse, or some black swan that nobody’s put their binoculars on yet.

oxfordrick on November 17, 2009 – 7:24am:
“…when Gov gets out of the way…”

[CricketOnTheHearth]

We all know that “Gov” won’t get out of the way with all their moratoria, mod programs, bait, etc unless something cold-cocks them. Like, China, or a Euro-based oil bourse, or some black swan that nobody’s put their binoculars on yet.

oxfordrick on November 17, 2009 – 7:24am:
“…when Gov gets out of the way…”

[CricketOnTheHearth]

We all know that “Gov” won’t get out of the way with all their moratoria, mod programs, bait, etc unless something cold-cocks them. Like, China, or a Euro-based oil bourse, or some black swan that nobody’s put their binoculars on yet.

oxfordrick on November 17, 2009 – 7:24am:
“…when Gov gets out of the way…”

[CricketOnTheHearth]

This all sounds very much like the kind of calculations that Mark Hanson discusses here.

[CricketOnTheHearth]

This all sounds very much like the kind of calculations that Mark Hanson discusses here.

[CricketOnTheHearth]

This all sounds very much like the kind of calculations that Mark Hanson discusses here.

[CricketOnTheHearth]

This all sounds very much like the kind of calculations that Mark Hanson discusses here.

[Author]

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