Why not walk away?

[condogrrl]

Question: if sandiego walks, will his credit be dinged so bad that no one will want to rent to him?

[Ex-SD]

Well, I think we can agree that we won’t see any more families with incomes of only $50k buying $600k houses in SoCal (or anywhere else)

[Ex-SD]

Well, I think we can agree that we won’t see any more families with incomes of only $50k buying $600k houses in SoCal (or anywhere else)

[Ex-SD]

Well, I think we can agree that we won’t see any more families with incomes of only $50k buying $600k houses in SoCal (or anywhere else)

[Ex-SD]

Well, I think we can agree that we won’t see any more families with incomes of only $50k buying $600k houses in SoCal (or anywhere else)

[Ex-SD]

Well, I think we can agree that we won’t see any more families with incomes of only $50k buying $600k houses in SoCal (or anywhere else)

[citydweller]

condogrrl, in response to your question, the most recent Apartment Association magazine has an article which encourages landlords to think twice before automatically turning down potential renters, just because of a foreclosure. If their credit is good otherwise they are not necessarily a bad risk. The title of the article was something about renting to homeless homeowners.

[citydweller]

condogrrl, in response to your question, the most recent Apartment Association magazine has an article which encourages landlords to think twice before automatically turning down potential renters, just because of a foreclosure. If their credit is good otherwise they are not necessarily a bad risk. The title of the article was something about renting to homeless homeowners.

[citydweller]

condogrrl, in response to your question, the most recent Apartment Association magazine has an article which encourages landlords to think twice before automatically turning down potential renters, just because of a foreclosure. If their credit is good otherwise they are not necessarily a bad risk. The title of the article was something about renting to homeless homeowners.

[citydweller]

condogrrl, in response to your question, the most recent Apartment Association magazine has an article which encourages landlords to think twice before automatically turning down potential renters, just because of a foreclosure. If their credit is good otherwise they are not necessarily a bad risk. The title of the article was something about renting to homeless homeowners.

[citydweller]

condogrrl, in response to your question, the most recent Apartment Association magazine has an article which encourages landlords to think twice before automatically turning down potential renters, just because of a foreclosure. If their credit is good otherwise they are not necessarily a bad risk. The title of the article was something about renting to homeless homeowners.

[Anonymous]

I know several people who walked from homes they were deeply underwater in around the mid-90’s. All are happy with their decision. Their friends still like and respect them, they haven’t had serious trouble renting (although they have had some), and they saved tens of thousands of dollars, which to them was a lot. If you’re really looking at hundreds of thousands in lost money (which of course depends on what you’ll have to pay to rent a nice place) you’ll be vastly better off to walk. You’ll obviously get a lot of hate and despite here – but how much is that worth?

You do want to make sure you won’t get socked with a big tax bill and that you will be able to find a place to live you like, of course.

Somebody upthread asked what would happen if the tables were turned and the bank was underwater on a loan they could escape from by relinquishing a grossly inadequate collateral without any other effects (like a businesswide BK). The answer is the bank would dump it so fast it would make your head spin. Corporate America never pays a penny it doesn’t have to. How do you think they got so rich?

[Anonymous]

I know several people who walked from homes they were deeply underwater in around the mid-90’s. All are happy with their decision. Their friends still like and respect them, they haven’t had serious trouble renting (although they have had some), and they saved tens of thousands of dollars, which to them was a lot. If you’re really looking at hundreds of thousands in lost money (which of course depends on what you’ll have to pay to rent a nice place) you’ll be vastly better off to walk. You’ll obviously get a lot of hate and despite here – but how much is that worth?

You do want to make sure you won’t get socked with a big tax bill and that you will be able to find a place to live you like, of course.

Somebody upthread asked what would happen if the tables were turned and the bank was underwater on a loan they could escape from by relinquishing a grossly inadequate collateral without any other effects (like a businesswide BK). The answer is the bank would dump it so fast it would make your head spin. Corporate America never pays a penny it doesn’t have to. How do you think they got so rich?

[Anonymous]

I know several people who walked from homes they were deeply underwater in around the mid-90’s. All are happy with their decision. Their friends still like and respect them, they haven’t had serious trouble renting (although they have had some), and they saved tens of thousands of dollars, which to them was a lot. If you’re really looking at hundreds of thousands in lost money (which of course depends on what you’ll have to pay to rent a nice place) you’ll be vastly better off to walk. You’ll obviously get a lot of hate and despite here – but how much is that worth?

You do want to make sure you won’t get socked with a big tax bill and that you will be able to find a place to live you like, of course.

Somebody upthread asked what would happen if the tables were turned and the bank was underwater on a loan they could escape from by relinquishing a grossly inadequate collateral without any other effects (like a businesswide BK). The answer is the bank would dump it so fast it would make your head spin. Corporate America never pays a penny it doesn’t have to. How do you think they got so rich?

[Anonymous]

I know several people who walked from homes they were deeply underwater in around the mid-90’s. All are happy with their decision. Their friends still like and respect them, they haven’t had serious trouble renting (although they have had some), and they saved tens of thousands of dollars, which to them was a lot. If you’re really looking at hundreds of thousands in lost money (which of course depends on what you’ll have to pay to rent a nice place) you’ll be vastly better off to walk. You’ll obviously get a lot of hate and despite here – but how much is that worth?

You do want to make sure you won’t get socked with a big tax bill and that you will be able to find a place to live you like, of course.

Somebody upthread asked what would happen if the tables were turned and the bank was underwater on a loan they could escape from by relinquishing a grossly inadequate collateral without any other effects (like a businesswide BK). The answer is the bank would dump it so fast it would make your head spin. Corporate America never pays a penny it doesn’t have to. How do you think they got so rich?

[Author]

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