Loan Modification Forum - LoanSafe.org - View Single Post - I most certainly welcome foreclosure stories in Nevada

Reno1 · 11-21-2008, 03:01 PM

Racoon,

Your situation just supported what I have been suspecting all along. It can't be that simple to just walk away on hundred of thousands worth of loan without somekind or repercussion. For cying out loud the banks will go after you for 0.51cents debt (this is true in our case).

Do you know if your situation is an isolated case or much typical for all the loans, and could possible happen to a lot of us? The direction that this mess is going downhill. Millions of foreclosures, millions of deficiency judgement, millions of bankcrupcy! I'm with you, I really hate to sound negative. Perhaps, complete meltdown is what we need to straighten this mess out.

Note for JeanetteB: I believe that you have to be in $58K income median to determine if you can file Chapter 7 or Chapter 13 bankrupcy. You may want to look into it.

11-21-2008, 03:01 PM	#6 (permalink)
Reno1 Member Join Date: Nov 2008 Posts: 9 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: I most certainly welcome foreclosure stories in Nevada Racoon, Your situation just supported what I have been suspecting all along. It can't be that simple to just walk away on hundred of thousands worth of loan without somekind or repercussion. For cying out loud the banks will go after you for 0.51cents debt (this is true in our case). Do you know if your situation is an isolated case or much typical for all the loans, and could possible happen to a lot of us? The direction that this mess is going downhill. Millions of foreclosures, millions of deficiency judgement, millions of bankcrupcy! I'm with you, I really hate to sound negative. Perhaps, complete meltdown is what we need to straighten this mess out. Note for JeanetteB: I believe that you have to be in $58K income median to determine if you can file Chapter 7 or Chapter 13 bankrupcy. You may want to look into it.