Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: SeaViewer who wrote (46466)	12/2/2005 6:10:19 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 110194

That'll work only if they park ALL of their non-retirement assets in an off-shore trust, and if they do it prior to buying the house. Otherwise it could well be interpreted as an illegal conveyance. In addition, the new laws can require an ongoing payment on their mortgage, it IS much harder to "just walk".....although I have no doubt that's what thousands, if not millions are planning to do. It's not like they can just blow it off...and if they're in a "million dollar home", it's not like the lender will blow it off, either.....

To: SeaViewer who wrote (46466)	12/2/2005 6:23:12 PM
From: mishedlo	Respond to of 110194

First off it would probably be fraud, but even if not you act as if the average person has heard of it of if the avergae person has heard of it they would do it. Quite simply the new law makes it "harder" which is what ILD asked. Mish