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Deal Hunter
ParticipantBlah blah blah. Both Dems and Repubs are fundamentally flawed in their assesment of the US economy. They all assume that we have a “free” market. There is no such thing as a “free” market. Especially not here, not now.
ParticipantBlah blah blah. Both Dems and Repubs are fundamentally flawed in their assesment of the US economy. They all assume that we have a “free” market. There is no such thing as a “free” market. Especially not here, not now.
ParticipantBlah blah blah. Both Dems and Repubs are fundamentally flawed in their assesment of the US economy. They all assume that we have a “free” market. There is no such thing as a “free” market. Especially not here, not now.
ParticipantBlah blah blah. Both Dems and Repubs are fundamentally flawed in their assesment of the US economy. They all assume that we have a “free” market. There is no such thing as a “free” market. Especially not here, not now.
ParticipantBlah blah blah. Both Dems and Repubs are fundamentally flawed in their assesment of the US economy. They all assume that we have a “free” market. There is no such thing as a “free” market. Especially not here, not now.
ParticipantKev347 – If the condo in Vegas is not a primary residence it is not included in the Mortgage Relief Act that prevents bank loss on foreclosure from being taxable as income.
Her 1st mortgage is most likely non-recourse so it will be settled at short sale or foreclosure. If her second is the same (a closed true second mortgage) then it will be the same. If however, it is a HELOC or other type of revolving credit loan, then she may still be on the hook for it even if she walks away.
Contact me and I can take a look at her situation for more clarity and what options she has. If she can rent it, the rent rates are going up in Vegas and vacancy is going down. A rental income can offset at least some of the mortgage payments. A short sale is the best way for her to unload the property and save her credit. Go to
http://realestatedealhunters.com/foreclosurehelp.php
and have your friend contact me. I close a handful of ss each month here in Vegas. There's no reason to just foreclose if it can be disposed through short sale.
ParticipantKev347 – If the condo in Vegas is not a primary residence it is not included in the Mortgage Relief Act that prevents bank loss on foreclosure from being taxable as income.
Her 1st mortgage is most likely non-recourse so it will be settled at short sale or foreclosure. If her second is the same (a closed true second mortgage) then it will be the same. If however, it is a HELOC or other type of revolving credit loan, then she may still be on the hook for it even if she walks away.
Contact me and I can take a look at her situation for more clarity and what options she has. If she can rent it, the rent rates are going up in Vegas and vacancy is going down. A rental income can offset at least some of the mortgage payments. A short sale is the best way for her to unload the property and save her credit. Go to
http://realestatedealhunters.com/foreclosurehelp.php
and have your friend contact me. I close a handful of ss each month here in Vegas. There's no reason to just foreclose if it can be disposed through short sale.
ParticipantKev347 – If the condo in Vegas is not a primary residence it is not included in the Mortgage Relief Act that prevents bank loss on foreclosure from being taxable as income.
Her 1st mortgage is most likely non-recourse so it will be settled at short sale or foreclosure. If her second is the same (a closed true second mortgage) then it will be the same. If however, it is a HELOC or other type of revolving credit loan, then she may still be on the hook for it even if she walks away.
Contact me and I can take a look at her situation for more clarity and what options she has. If she can rent it, the rent rates are going up in Vegas and vacancy is going down. A rental income can offset at least some of the mortgage payments. A short sale is the best way for her to unload the property and save her credit. Go to
http://realestatedealhunters.com/foreclosurehelp.php
and have your friend contact me. I close a handful of ss each month here in Vegas. There's no reason to just foreclose if it can be disposed through short sale.
ParticipantKev347 – If the condo in Vegas is not a primary residence it is not included in the Mortgage Relief Act that prevents bank loss on foreclosure from being taxable as income.
Her 1st mortgage is most likely non-recourse so it will be settled at short sale or foreclosure. If her second is the same (a closed true second mortgage) then it will be the same. If however, it is a HELOC or other type of revolving credit loan, then she may still be on the hook for it even if she walks away.
Contact me and I can take a look at her situation for more clarity and what options she has. If she can rent it, the rent rates are going up in Vegas and vacancy is going down. A rental income can offset at least some of the mortgage payments. A short sale is the best way for her to unload the property and save her credit. Go to
http://realestatedealhunters.com/foreclosurehelp.php
and have your friend contact me. I close a handful of ss each month here in Vegas. There's no reason to just foreclose if it can be disposed through short sale.
ParticipantKev347 – If the condo in Vegas is not a primary residence it is not included in the Mortgage Relief Act that prevents bank loss on foreclosure from being taxable as income.
Her 1st mortgage is most likely non-recourse so it will be settled at short sale or foreclosure. If her second is the same (a closed true second mortgage) then it will be the same. If however, it is a HELOC or other type of revolving credit loan, then she may still be on the hook for it even if she walks away.
Contact me and I can take a look at her situation for more clarity and what options she has. If she can rent it, the rent rates are going up in Vegas and vacancy is going down. A rental income can offset at least some of the mortgage payments. A short sale is the best way for her to unload the property and save her credit. Go to
http://realestatedealhunters.com/foreclosurehelp.php
and have your friend contact me. I close a handful of ss each month here in Vegas. There's no reason to just foreclose if it can be disposed through short sale.
ParticipantThat’s not crazy. At least you are not going negative on your savings with dollar devaluation and inflation. Besides, ING is not FDIC insured, so keeping it under your mattress may be safer.
I had $14K in a TD Ameritrade savings account in June of 2005. I withdrew it and bought 2 vending machines and put them in an outdoor mall. I clear $650 a month. Doesn’t sound like much, but that’s a 56% annualized return on my $14K. After you factor in 17% inflation for the past 2 years, that’s still 39% return.
ParticipantThat’s not crazy. At least you are not going negative on your savings with dollar devaluation and inflation. Besides, ING is not FDIC insured, so keeping it under your mattress may be safer.
I had $14K in a TD Ameritrade savings account in June of 2005. I withdrew it and bought 2 vending machines and put them in an outdoor mall. I clear $650 a month. Doesn’t sound like much, but that’s a 56% annualized return on my $14K. After you factor in 17% inflation for the past 2 years, that’s still 39% return.
ParticipantThat’s not crazy. At least you are not going negative on your savings with dollar devaluation and inflation. Besides, ING is not FDIC insured, so keeping it under your mattress may be safer.
I had $14K in a TD Ameritrade savings account in June of 2005. I withdrew it and bought 2 vending machines and put them in an outdoor mall. I clear $650 a month. Doesn’t sound like much, but that’s a 56% annualized return on my $14K. After you factor in 17% inflation for the past 2 years, that’s still 39% return.
ParticipantThat’s not crazy. At least you are not going negative on your savings with dollar devaluation and inflation. Besides, ING is not FDIC insured, so keeping it under your mattress may be safer.
I had $14K in a TD Ameritrade savings account in June of 2005. I withdrew it and bought 2 vending machines and put them in an outdoor mall. I clear $650 a month. Doesn’t sound like much, but that’s a 56% annualized return on my $14K. After you factor in 17% inflation for the past 2 years, that’s still 39% return.
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