Defending a FL Foreclosure: Strategic Default

[1946veteran]

Retired, Sr, Disab, Vet DREAMS SHATTERED- AHMSI/ McCain/Gov Politics responsible for foreclosure/quick-sale @ 18892 State Highway 88, Pine Grove, CA 95665 discovered AHMSI obtained modif. loan w/fraud info not disclaiming house is mobile home. Denied loan facing homeless w/ wife/granddaughter. AHMSI agrees to write off $400k+ (698K loan) & foreclose - AHMSI refused lower price to owner- banks, investor, gov agencies TURNS BACK on vet. God Bless America ,

[EHSFFL]

mortgage holders have 5 years to go after other assets you have & 20 years to collect. This video fails to explain that

[TheSarasotaRealtor]

In Florida, an ugly credit score is NOT the worst that can happen, as this news mentions at 2:05. Much worse (if you walk away) is JUDGMENT. In Florida, debt collectors legally can chase you for up to TWENTY (20) years. Talk with an informed RE attorney, tax professional & real estate agent before you give up. If you short sell, you MUST get "full payoff & satisfaction." - Don't let debt collectors terrorize you for up to 20 years. Losing the house is painful & costly enough!

[androidestereo]

this is called "fighting back". the real estate industry and the banks created this mess in the first place,so let them fix it, they broke it. Let they insanity begin! *** you BOA.

[charles98888]

just like moral hazard as a catch phrase for bankster guilt If its a commercial property there is no stigma..these trends will be long lasting. ..once you get out from under you can create REAL wealth with the money you save renting.

[demonhunter5110]

thats awesome. we lost our home because we lost our jobs but this is great. people need to take a stand and not give in to the corruption these banks have forced down our throats. no one should be ashamed. its just a house and many are available for much cheaper.

[123vampirelover321]

Morgan Stanley is strategically walking away from a 2.3 billion dollar investment in San Francisco commerical real estate. Why should regular people settle for underwater properties?