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FINALLY, got us a short sale :)
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[QUOTE]Originally posted by Luke87GT: [QB] [QUOTE]Originally posted by N8: [qb] [QUOTE]Originally posted by 2stangs69-91: [qb] lol so you are going into the new house and walking away from the dept in the house you have now? And you are fine with this? [/qb][/QUOTE]Yup! [/qb][/QUOTE]N8 I admire you for doing this and I am surprised it is not more common than it is. I am about 15-18% underwater now. If that number climbs to 35%+, I am buying another house and I am OUT on this one. Given that I put down 20% on this place at the time I bought it (2007), I could sell now and break even (based on recent comparables) without destroying my credit... But if it goes significantly further underwater, it will be too tempting to not buy the neighbors house and walk away from mine ;) Like Don said, a small part of me believes that there will be major reprocussions that have not yet surfaced for doing something like this. Time will tell. [/QB][/QUOTE]
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