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REALIST NEWS - Foreclosure Update - Jsnip4 gets offer to walk away
04-02-2015, 04:30 AM (This post was last modified: 04-02-2015 05:25 AM by Thinker.)
Post: #1
REALIST NEWS - Foreclosure Update - Jsnip4 gets offer to walk away
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Move to a bigger house and rent the one your in for cash only and wait! Wife happy - kids happy - wallet happy!

Oct. 2013 - 9 More Banks Are Getting Probed By The DoJ - (Reuters) - At least nine banks face probes by the U.S. Department of Justice into their sales of mortgage-backed securities as part of an effort by the task force that reached the $13 billion agreement with JPMorgan Chase & Co <JPM.N>, the Financial Times reported.
http://www.realistnews.net/Thread-9-more...t=mortgage

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04-02-2015, 04:34 AM (This post was last modified: 04-02-2015 04:38 AM by Thinker.)
Post: #2
Living in $1.3 million home for 5 years, no mortgage payment
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Couple Lives In $1.3 Million, 4,900 Square Foot Home For Five Years Without Making A Single Mortgage Payment.
http://www.realistnews.net/Thread-living...o+mortgage

YOU MAY NOT OWN THE HOME YOU ARE LIVING IN - DO YOU KNOW WHERE THE TITLE IS???
http://www.realistnews.net/Thread-you-ma...ge+payment

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04-02-2015, 07:09 AM (This post was last modified: 04-02-2015 01:41 PM by a07216.)
Post: #3
RE: REALIST NEWS - Foreclosure Update - Jsnip4 gets offer to walk away
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(04-02-2015 04:30 AM)Thinker Wrote:  

Move to a bigger house and rent the one your in for cash only and wait! Wife happy - kids happy - wallet happy!

Oct. 2013 - 9 More Banks Are Getting Probed By The DoJ - (Reuters) - At least nine banks face probes by the U.S. Department of Justice into their sales of mortgage-backed securities as part of an effort by the task force that reached the $13 billion agreement with JPMorgan Chase & Co <JPM.N>, the Financial Times reported.
http://www.realistnews.net/Thread-9-more...t=mortgage

JSNIP4... sounds like you have an easy decision, take the money, pay your lawyer. You are correct, the money will eventually be extracted if the foreclosure continues... sounds like you have a good lawyer who has your back... I don't know what property taxes you are responsible for however I'm sure your lawyer has provided advice on that... or put another way make sure in any written documents that you are not responsible.

If you cleanly walk away with minimal bad marks on your credit and you have no future obligations nor liens of any sort.... take the money and run very quickly, well done!!!!

Actually I would not linger in the house, I would move quickly as they expect you to maintain the home in good working order... so find a new place quickly, have them inspect the home while you video record it with your lawyer present, hand them the keys, sign the paperwork and say, "this is your home now!"

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11-09-2015, 08:40 PM
Post: #4
RE: REALIST NEWS - Foreclosure Update - Jsnip4 gets offer to walk away
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(04-02-2015 04:30 AM)Thinker Wrote:  

Move to a bigger house and rent the one your in for cash only and wait! Wife happy - kids happy - wallet happy!

Oct. 2013 - 9 More Banks Are Getting Probed By The DoJ - (Reuters) - At least nine banks face probes by the U.S. Department of Justice into their sales of mortgage-backed securities as part of an effort by the task force that reached the $13 billion agreement with JPMorgan Chase & Co <JPM.N>, the Financial Times reported.
http://www.realistnews.net/Thread-9-more...t=mortgage

Can you give our your Lawyers name - I am in Florida and in the same situation.
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11-22-2015, 08:01 PM
Post: #5
REALIST NEWS - Foreclosure Update - Jsnip4 gets offer to walk away
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If you say no, you might be able to live in the house another 2-3 years, yes? How much would 24-36 month of rent cost? probably more than $10000 i would guess. But if you need more space maybe you should take the money and leave all this behind you.

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11-23-2015, 12:20 AM
Post: #6
RE: REALIST NEWS - Foreclosure Update - Jsnip4 gets offer to walk away
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(11-09-2015 08:40 PM)Diddly Wrote:  
(04-02-2015 04:30 AM)Thinker Wrote:  

Move to a bigger house and rent the one your in for cash only and wait! Wife happy - kids happy - wallet happy!

Oct. 2013 - 9 More Banks Are Getting Probed By The DoJ - (Reuters) - At least nine banks face probes by the U.S. Department of Justice into their sales of mortgage-backed securities as part of an effort by the task force that reached the $13 billion agreement with JPMorgan Chase & Co <JPM.N>, the Financial Times reported.
http://www.realistnews.net/Thread-9-more...t=mortgage

Can you give our your Lawyers name - I am in Florida and in the same situation.
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