Loan Modification Forum - LoanSafe.org - View Single Post

Johnnyutah · 07-02-2009, 11:52 AM

I'm in the same boat of Vegas and the same boat of an 80/20 loan. I'm very scared to walk away but it seems the only logical solution being so upside down in my property.

I'm pretty sure I'm about equally upside down dollar wise in my place as you are in yours. Have you considered letting it go and dealing with the consequences of the deficiencies and lawsuits that will follow?

I'm really struggling emotionally and morally about making the decision to stop paying and face the consequences and most likely eventual bankruptcy.

07-02-2009, 11:52 AM	#3 (permalink)
Johnnyutah Member Join Date: May 2009 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Help for Las Vegas I'm in the same boat of Vegas and the same boat of an 80/20 loan. I'm very scared to walk away but it seems the only logical solution being so upside down in my property. I'm pretty sure I'm about equally upside down dollar wise in my place as you are in yours. Have you considered letting it go and dealing with the consequences of the deficiencies and lawsuits that will follow? I'm really struggling emotionally and morally about making the decision to stop paying and face the consequences and most likely eventual bankruptcy.