Comments on: Hey Bank! Take My House, Please!

By: busy do Holandii

busy do Holandii — Tue, 17 Aug 2010 18:04:11 +0000

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By: sts

sts — Thu, 12 Aug 2010 15:21:57 +0000

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By: Making the Tough Decision to Walk Away From Your House? Some Tips... | Kristin LaVanway - Investing Every Day in Phoenix Real Estate

Wed, 02 Jun 2010 07:45:19 +0000

[...] sale, strategic default, walking away…whatever you want to call it, there are more families than you can imagine who [...]

By: pam giguere

pam giguere — Sat, 16 Jan 2010 17:12:48 +0000

I feel the same, Please take my house
My mortgage is with Bank of America
my loan is a fixed rate, and this still raise my payments.
I am a single mom and not long can make my payment of $1,496.07.
I am trying to sell.. not working.. and to tell you the truth the BANKS DON’T CARE..
So yes… TAKE MY HOUSE….. OR maybe you can help me and lower my monthly payments.

By: Top 10 real estate posts of the day for 1/8/2010 : Tempe real estate and free home search

Fri, 08 Jan 2010 14:30:20 +0000

[...] Hey Bank! Take My House, Please! – Another good vlog of strategic defaults. A sign of the times fro [...]

By: Dean Ouellette

Dean Ouellette — Fri, 08 Jan 2010 03:20:52 +0000

Crazy? I thought it was completely logical. Thanks for the mention, you rock and so does your vlog!

I think one of the faults in my proposal is strategic default, because it still makes sense to do. if I owe 400k on my home, worth 200k now, if i default and can get back into a house for 200k i save 200k principle and about 380-400k over 30 years, why would it not make sense?

By: John Scott Smith

John Scott Smith — Thu, 07 Jan 2010 22:01:59 +0000

Good post, Kristin! For a couple of years, now, I’ve been surprised that so few people are doing the “jingle-mail” or strategic default thing. Unfortunately, it just makes sense. Back in October, Professor White from your state of AZ, wrote a paper endorsing exactly that: http://blogs.wsj.com/developments/2009/10/30/its-ok-to-walk-away-a-law-professor-argues/

I’m going to have to go check out Dean’s solution, now.

John Scott Smith
@JohnScottSmith