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To: Terry Maloney who wrote (386137)	5/12/2009 6:02:09 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 436258

short sale.... agreeing to sell the house for less than is owed. caveat is that the bank/servicing company really has more incentive to hide the defaulted loan rather than participate is a sale showing the true 'mark to market' value. who knows. maybe even get a bailout if they whine long enough to Timmy One girl I know has been living in her condo since last sept(when she began stiffing the bank) and also has a roomie. She is now saving the $2,800/mo she was paying the bank. Once she gets booted(so far the lender is quite happy with her short sale efforts) she will have saved up enough cash to buy a new place at less than half what she paid for her condo 3 years ago.