InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Which Song/ Album? (NT) Posted by LazyMan on September 01, 2010 at 11:22 AM In Reply to: Which Song/ Album? (NT) posted by Rick Harmon on September 01, 2010 at 10:57 AM Money from Dark Side of the Moon : : 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 a Followup: Name : E-Mail : Subject : Comments: : Money from Dark Side of the Moon : : : : 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455