CBS 4 ran the video in the link below on a recent newscast. You'll find the video on the right-hand side of the video:
Video on YouWalkAway.com
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Covering real estate in Miami-Dade, Broward, Palm Beach, and Monroe counties
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4 comments:
I doubt this "You Walk Away" thing is as easy in Florida as it is in California (where the company operates).
CA has "no-recourse" loans - the lender can not come after you for the deficiency. In Florida, they can.
I know that "debt foregiveness" law they passed is supposed to make it easier to walk away (no tax implications from short sale), but in order to do a short sale, you have to PROVE to the bank that you can't afford to keep making the payments. They want copies of everything - bank statements, tax returns, etc.
It will be interesting to see how banks handle this. I doubt they want to get a snowball effect going by giving the impression that "walking away" has no consequences.
Please help me to get rid of my bubble investment. I am just about ready to walk away. I feel like the Real Estate market will take 100 years to re coup my losses. But I have a 760 FICO Score. What other options do I have. I have blogsomebody.com tell my whole story. I do not think it is worth it to keep this House in Homestead.
You might want to ask for help in one of the credit help forums (do a Google search). A pretty active one can be found here:
http://www.creditboards.com/forums/
You also might want to contact an attorney for advice.
Nice!...
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