Loans, Debt & Credit - View Single Post - Double Recourse in Calif.........Walk or???

outta_here · 10-23-2009, 06:48 AM

I am not sure the banks have much choice at this point - I know almost all of the homes in my nieghborhood have fallen 50% - 60%, and a lot of banks are happier to deal with the short sale process because it saves them money.

10-23-2009, 06:48 AM	#9 (permalink)
outta_here Senior Member Join Date: Oct 2009 Posts: 55 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Double Recourse in Calif.........Walk or??? I am not sure the banks have much choice at this point - I know almost all of the homes in my nieghborhood have fallen 50% - 60%, and a lot of banks are happier to deal with the short sale process because it saves them money.