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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (101105)8/20/2009 9:15:28 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 116555
 
I think it's pretty easy to predict that almost all of the former home owners you have heard about, who walked away from a short-sale having signed a personal guarantee, will have filed for bankruptcy within the next five years.

Many will get legal advice when filing for bankruptcy and the court will likely void this type of note, regardless of bankruptcy filing.
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