Pay or Walk Away? Roy Oppenheim on Strategic Default with FOX News

[BuyDestinRealEstate]

There is a solution for Jumbo loan holders who are still paying their upside down payments, but credit has to be good. Must be above $417,000 and not sold on to Fannie or Freddie. Contact me for solutions.

[ElvinAshley]

No need to walk away anymore. If you were to fall behind, the banks will start the foreclosure proceedings. But in most cases the banks that start this procedure do not have the legal right to do so. Most of these loans were sold and resold, and they can not locate the original promisary note. Just get an attorney to sue the bank, and ask for all 125 documents. Most cases they can not locate these, forcing them to work with you.

Need Help ? alvinlovesgina@yahoo.com let me show you

[Soldier957]

How can he "bail her out"? Where does the difference of the original loan go?

[BuyDestinRealEstate]

@Soldier957 The bank agrees to take the hit an give no penalty to the current home owner. You really need a good lawyer to work this out to make sure they will not come after you. It can be done though, every day!

[majinspy]

Businesses view their relationships with people as business relationships. They don't care about you. This is fine with me, until they start pretending it is something other than pure business when the shoe is on the other foot.

[RayAir1]

I chose to walk away. Even the modification terms they gave me were bunk. I would have been re-buying my house for $185,000. About $70,000 more than the current market value.

Yes, I was seriously underwater and yes I said fuck it.

I'm walking. Haven't paid in 4 months .

[TheLIGHTinMYwindow]

So there in lies the problem. The banks are willing to foreclose and sell it to an investor for half its worth. WHY? Obviously the system is set up to provide them with financial gain for doing so. If those options were taken away from the banks, then they would modifiy the loans.

END THE 3 MONTH TRIALS... so the banks have to modify the loan or not.

[BuyDestinRealEstate]

@TheLIGHTinMYwindow The banks are willing to talk to attorneys who deal with them on many deals, but NOT the individual. We have attorneys who do these deals on a daily basis all over the country.

[wabio]

Wait. Did I just hear that correctly? Bankers lecturing others on "ethical behavior"?

[shalemar100]

It is very stressful what a homeowner has to go through when home value is continuously plunging more and more. In addition, living in association that you do not see where your money is going towards.