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

[CricketOnTheHearth]

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

[SD Realtor]

Cricket did you notice the commentary made about Taiwan during his recent trip out to China? If I was a national in Taiwan I am not so sure how secure I would be…

What do you think, Taiwan in exchange for another few years committment to buying our bonds?

[SD Realtor]

Cricket did you notice the commentary made about Taiwan during his recent trip out to China? If I was a national in Taiwan I am not so sure how secure I would be…

What do you think, Taiwan in exchange for another few years committment to buying our bonds?

[SD Realtor]

Cricket did you notice the commentary made about Taiwan during his recent trip out to China? If I was a national in Taiwan I am not so sure how secure I would be…

What do you think, Taiwan in exchange for another few years committment to buying our bonds?

[SD Realtor]

Cricket did you notice the commentary made about Taiwan during his recent trip out to China? If I was a national in Taiwan I am not so sure how secure I would be…

What do you think, Taiwan in exchange for another few years committment to buying our bonds?

[SD Realtor]

Cricket did you notice the commentary made about Taiwan during his recent trip out to China? If I was a national in Taiwan I am not so sure how secure I would be…

What do you think, Taiwan in exchange for another few years committment to buying our bonds?

[urbanrealtor]

[quote=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.[/quote]

Do you really believe what rt 66 sez?

Dude.

[urbanrealtor]

[quote=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.[/quote]

Do you really believe what rt 66 sez?

Dude.

[urbanrealtor]

[quote=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.[/quote]

Do you really believe what rt 66 sez?

Dude.

[urbanrealtor]

[quote=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.[/quote]

Do you really believe what rt 66 sez?

Dude.

[urbanrealtor]

[quote=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.[/quote]

Do you really believe what rt 66 sez?

Dude.

[briansd1]

Thanks for a candid post.

I see that a lot. Most homeowners would never admit it but they are making the same calculations that you are. They may not make conscious calculate decisions but the end result is the same.

I see that a lot in the listing that were previously listed but are now in distress.

To answer you question, it depends who much you like the house. If you don’t like it that much, then it’s better to walk soon, rather than later.

Your credit is hosed already so what harm does walking do? None. Just go on living your life and fix your credit for the next purchase. If needed you can ask a trusted relative to help, or perhaps your wife’s credit is still intact.

[briansd1]

Thanks for a candid post.

I see that a lot. Most homeowners would never admit it but they are making the same calculations that you are. They may not make conscious calculate decisions but the end result is the same.

I see that a lot in the listing that were previously listed but are now in distress.

To answer you question, it depends who much you like the house. If you don’t like it that much, then it’s better to walk soon, rather than later.

Your credit is hosed already so what harm does walking do? None. Just go on living your life and fix your credit for the next purchase. If needed you can ask a trusted relative to help, or perhaps your wife’s credit is still intact.

[briansd1]

Thanks for a candid post.

I see that a lot. Most homeowners would never admit it but they are making the same calculations that you are. They may not make conscious calculate decisions but the end result is the same.

I see that a lot in the listing that were previously listed but are now in distress.

To answer you question, it depends who much you like the house. If you don’t like it that much, then it’s better to walk soon, rather than later.

Your credit is hosed already so what harm does walking do? None. Just go on living your life and fix your credit for the next purchase. If needed you can ask a trusted relative to help, or perhaps your wife’s credit is still intact.

[briansd1]

Thanks for a candid post.

I see that a lot. Most homeowners would never admit it but they are making the same calculations that you are. They may not make conscious calculate decisions but the end result is the same.

I see that a lot in the listing that were previously listed but are now in distress.

To answer you question, it depends who much you like the house. If you don’t like it that much, then it’s better to walk soon, rather than later.

Your credit is hosed already so what harm does walking do? None. Just go on living your life and fix your credit for the next purchase. If needed you can ask a trusted relative to help, or perhaps your wife’s credit is still intact.

[Author]

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