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To: willcousa who wrote (38035)2/7/2008 2:23:07 PM
From: michael97123  Respond to of 95821
 
I told you that, i think. I didnt want to go there again because Kirk would be all over me. (g)
But you are right. If it was a business losing money, would you continue to pay off a mortgage on property going bust or would you declare Ch 11. Foreclosure can be used in that way for individuals regardless of whether its right or not.



To: willcousa who wrote (38035)2/7/2008 3:48:11 PM
From: Kirk ©  Read Replies (2) | Respond to of 95821
 
"The other thing that can happen is that the guy does not lose his job but mails in the keys anyhow and quickly buys the house down the street for $100k less. This was told to me to be the straw that broke the banks in Houston last time."

Yeah, right... like you can find a fool to give him a loan?


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