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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Which Song/ Album? (NT) Posted by Rick Harmon on September 01, 2010 at 10:57 AM In Reply to: Re: Judgement posted by LazyMan on August 31, 2010 at 10:43 PM : You might consider selling everything with equity before defaulting. Grab that cash with both hands and make a stash ("Pink Floyd") : : : : : Depends. : : : : In this environment chances are low that a judgment is sought. : : : : If you have considerable assets or income, chances increase considerably. : : : : If you have considerable assets or income, and 2nd deficiency is sold chances go up geometrically. : : : : How much did you fudge in completing your financial statement when applying? : : : The loan was originally with National City they sold it to PNC who is : : : reluctant to budge. They offered 1% for 2 yrs and then goes back up to 8.25. : : : Assets are other rental properties with equity. I have since retired and my income since : : : retiring has dropped by 40%. : : "Assets are other rental properties with equity." : : Let me ask you a question... if you were the creditor and you could spend $355 to file a lawsuit against you and get a judgment that would attach to ALL of you rental properties with equity that would collect 10% interest per year would you file suit against you? Follow Ups: Re: Which Song/ Album? (NT) LazyMan 11:22 AM, 09/01/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : You might consider selling everything with equity before defaulting. Grab that cash with both hands and make a stash ("Pink Floyd") : : : : : : : Depends. : : : : : In this environment chances are low that a judgment is sought. : : : : : If you have considerable assets or income, chances increase considerably. : : : : : If you have considerable assets or income, and 2nd deficiency is sold chances go up geometrically. : : : : : How much did you fudge in completing your financial statement when applying? : : : : The loan was originally with National City they sold it to PNC who is : : : : reluctant to budge. They offered 1% for 2 yrs and then goes back up to 8.25. : : : : Assets are other rental properties with equity. I have since retired and my income since : : : : retiring has dropped by 40%. : : : "Assets are other rental properties with equity." : : : Let me ask you a question... if you were the creditor and you could spend $355 to file a lawsuit against you and get a judgment that would attach to ALL of you rental properties with equity that would collect 10% interest per year would you file suit against you? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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