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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (270063)	8/19/2010 3:58:47 PM
From: Broken_Clock	Respond to of 306849

No wonder new screws are stripped. -g- true story: One of my friends told his sister's friend in SF valley over 2 years ago to quit making the payments on her condo that she could no longer afford when the payment adjusted. She quit all payments and saved for over 2 years till the unit finally got foreclosed. When the bank got around to evicting her she again called my friend and he told her to tell them she had no money which she then told the bank. The bank gave her $4k to move out. She has got back her entire down payment on the condo back in free rent, free taxes, no homeowner's insurance, no HOA's...