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

[Rt.66]

[quote=sdrealtor]
100% of what you write is opinions but not necessarily your statemetns. While you bring links those links lead to someone else’s opinions. Usually very one sided opinions that support your beleifs. People around here are smarter than you give them credit for. They take everything in, as they should and try to make good decisions. Isnt that how it is supposed to be?[/quote]

Nice try. By your definition all information and data is opinion and therefore your opinion or one of your anonymous stories from a Pizza place (not bar sorry) is just as valid? Not!

One sided opinions my ass. It’s not really my position it’s the position of reality, of the majority and supported by published data. Unfortunately for you it is one that is counterproductive to continued home purchases in this market and thus realtor negative.

I have nothing to gain, you have 6% to gain, motives revealed. Do you really think anyone here believes you are not trolling for business? If so then your comment “People around here are smarter than you give them credit for” is merely trying to ingratiate yourself to them while patronizing them at the same time.

I’ll take trusted sources that don’t have a commission to gain over your stories thank you very much.

[PCinSD]

I’m pretty sure there was another thread on here with a link to a story about the new “strategic defaulters” out there.

The person I know who was able to default on their 2nd and pay it off for 10 cents on the dollar, is a successful attorney. He got the idea because he found himself doing the same thing for some of his clients. It just made sense.

Maybe not “en masse”, but it is a simple tactic that is getting done more and more.

[PCinSD]

I’m pretty sure there was another thread on here with a link to a story about the new “strategic defaulters” out there.

The person I know who was able to default on their 2nd and pay it off for 10 cents on the dollar, is a successful attorney. He got the idea because he found himself doing the same thing for some of his clients. It just made sense.

Maybe not “en masse”, but it is a simple tactic that is getting done more and more.

[PCinSD]

I’m pretty sure there was another thread on here with a link to a story about the new “strategic defaulters” out there.

The person I know who was able to default on their 2nd and pay it off for 10 cents on the dollar, is a successful attorney. He got the idea because he found himself doing the same thing for some of his clients. It just made sense.

Maybe not “en masse”, but it is a simple tactic that is getting done more and more.

[PCinSD]

I’m pretty sure there was another thread on here with a link to a story about the new “strategic defaulters” out there.

The person I know who was able to default on their 2nd and pay it off for 10 cents on the dollar, is a successful attorney. He got the idea because he found himself doing the same thing for some of his clients. It just made sense.

Maybe not “en masse”, but it is a simple tactic that is getting done more and more.

[PCinSD]

I’m pretty sure there was another thread on here with a link to a story about the new “strategic defaulters” out there.

The person I know who was able to default on their 2nd and pay it off for 10 cents on the dollar, is a successful attorney. He got the idea because he found himself doing the same thing for some of his clients. It just made sense.

Maybe not “en masse”, but it is a simple tactic that is getting done more and more.

[Rt.66]

We went thru this topic ad nausea before. Yes I admitted that every crazy thing imaginable could be happening in small number. That was not in dispute. The argument was if it was common enough to have an effect on the market.

Moral hazard is a bitch, and just a little thought on that matter will lead you to why, if it happening, it is very rare. I find myself skeptical of an attorney claiming he accomplished this and also sells his service doing it for others. Lots of stories out there of attorneys making claims with disappointing results.

Ironic that this is a thread by someone in just such a situation who CANNOT get his 2nd to go away.

[Rt.66]

We went thru this topic ad nausea before. Yes I admitted that every crazy thing imaginable could be happening in small number. That was not in dispute. The argument was if it was common enough to have an effect on the market.

Moral hazard is a bitch, and just a little thought on that matter will lead you to why, if it happening, it is very rare. I find myself skeptical of an attorney claiming he accomplished this and also sells his service doing it for others. Lots of stories out there of attorneys making claims with disappointing results.

Ironic that this is a thread by someone in just such a situation who CANNOT get his 2nd to go away.

[Rt.66]

We went thru this topic ad nausea before. Yes I admitted that every crazy thing imaginable could be happening in small number. That was not in dispute. The argument was if it was common enough to have an effect on the market.

Moral hazard is a bitch, and just a little thought on that matter will lead you to why, if it happening, it is very rare. I find myself skeptical of an attorney claiming he accomplished this and also sells his service doing it for others. Lots of stories out there of attorneys making claims with disappointing results.

Ironic that this is a thread by someone in just such a situation who CANNOT get his 2nd to go away.

[Rt.66]

We went thru this topic ad nausea before. Yes I admitted that every crazy thing imaginable could be happening in small number. That was not in dispute. The argument was if it was common enough to have an effect on the market.

Moral hazard is a bitch, and just a little thought on that matter will lead you to why, if it happening, it is very rare. I find myself skeptical of an attorney claiming he accomplished this and also sells his service doing it for others. Lots of stories out there of attorneys making claims with disappointing results.

Ironic that this is a thread by someone in just such a situation who CANNOT get his 2nd to go away.

[Rt.66]

We went thru this topic ad nausea before. Yes I admitted that every crazy thing imaginable could be happening in small number. That was not in dispute. The argument was if it was common enough to have an effect on the market.

Moral hazard is a bitch, and just a little thought on that matter will lead you to why, if it happening, it is very rare. I find myself skeptical of an attorney claiming he accomplished this and also sells his service doing it for others. Lots of stories out there of attorneys making claims with disappointing results.

Ironic that this is a thread by someone in just such a situation who CANNOT get his 2nd to go away.

[NotCranky]

[quote=Rt.66]We went thru this topic ad nausea before. Yes I admitted that every crazy thing imaginable could be happening in small number. That was not in dispute. The argument was if it was common enough to have an effect on the market.

Moral hazard is a bitch, and just a little thought on that matter will lead you to why, if it happening, it is very rare. I find myself skeptical of an attorney claiming he accomplished this and also sells his service doing it for others. Lots of stories out there of attorneys making claims with disappointing results.

Ironic that this is a thread by someone in just such a situation who CANNOT get his 2nd to go away.[/quote]
It could be possible the the thread originator just hasn’t pushed the right buttons on his second yet? Maybe they will tell him to take a hike if he does? One thing that comes to mind though is, why won’t/wouldn’t firsts cave into the threat as well? It sounds like based on the short sale flip scenarios being bandied about that they might be vulnerable. Maybe they prefer one moral hazard over another and won’t let borrowers black mail them.

BTW ,I heard a verifiable rumor at Round Table Pizza last night that banks are taking short-refis on FHA qualified homes and borrowers.No beer or piss was involved.

[NotCranky]

[quote=Rt.66]We went thru this topic ad nausea before. Yes I admitted that every crazy thing imaginable could be happening in small number. That was not in dispute. The argument was if it was common enough to have an effect on the market.

Moral hazard is a bitch, and just a little thought on that matter will lead you to why, if it happening, it is very rare. I find myself skeptical of an attorney claiming he accomplished this and also sells his service doing it for others. Lots of stories out there of attorneys making claims with disappointing results.

Ironic that this is a thread by someone in just such a situation who CANNOT get his 2nd to go away.[/quote]
It could be possible the the thread originator just hasn’t pushed the right buttons on his second yet? Maybe they will tell him to take a hike if he does? One thing that comes to mind though is, why won’t/wouldn’t firsts cave into the threat as well? It sounds like based on the short sale flip scenarios being bandied about that they might be vulnerable. Maybe they prefer one moral hazard over another and won’t let borrowers black mail them.

BTW ,I heard a verifiable rumor at Round Table Pizza last night that banks are taking short-refis on FHA qualified homes and borrowers.No beer or piss was involved.

[NotCranky]

[quote=Rt.66]We went thru this topic ad nausea before. Yes I admitted that every crazy thing imaginable could be happening in small number. That was not in dispute. The argument was if it was common enough to have an effect on the market.

Moral hazard is a bitch, and just a little thought on that matter will lead you to why, if it happening, it is very rare. I find myself skeptical of an attorney claiming he accomplished this and also sells his service doing it for others. Lots of stories out there of attorneys making claims with disappointing results.

Ironic that this is a thread by someone in just such a situation who CANNOT get his 2nd to go away.[/quote]
It could be possible the the thread originator just hasn’t pushed the right buttons on his second yet? Maybe they will tell him to take a hike if he does? One thing that comes to mind though is, why won’t/wouldn’t firsts cave into the threat as well? It sounds like based on the short sale flip scenarios being bandied about that they might be vulnerable. Maybe they prefer one moral hazard over another and won’t let borrowers black mail them.

BTW ,I heard a verifiable rumor at Round Table Pizza last night that banks are taking short-refis on FHA qualified homes and borrowers.No beer or piss was involved.

[NotCranky]

[quote=Rt.66]We went thru this topic ad nausea before. Yes I admitted that every crazy thing imaginable could be happening in small number. That was not in dispute. The argument was if it was common enough to have an effect on the market.

Moral hazard is a bitch, and just a little thought on that matter will lead you to why, if it happening, it is very rare. I find myself skeptical of an attorney claiming he accomplished this and also sells his service doing it for others. Lots of stories out there of attorneys making claims with disappointing results.

Ironic that this is a thread by someone in just such a situation who CANNOT get his 2nd to go away.[/quote]
It could be possible the the thread originator just hasn’t pushed the right buttons on his second yet? Maybe they will tell him to take a hike if he does? One thing that comes to mind though is, why won’t/wouldn’t firsts cave into the threat as well? It sounds like based on the short sale flip scenarios being bandied about that they might be vulnerable. Maybe they prefer one moral hazard over another and won’t let borrowers black mail them.

BTW ,I heard a verifiable rumor at Round Table Pizza last night that banks are taking short-refis on FHA qualified homes and borrowers.No beer or piss was involved.

[Author]

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