All Forum Posts by: Sam P.

This is just speculation questioning.  If I were to invest out in the boonies and if something ever happened to the market (such as the only job source leaving town) or the some sort of catastrophic damage that happened to the house that the insurance didn't cover and basically render the land to the point that no one wants it, what would be the exit options.

Sounds like if you really want to get rid of it, someone is willing to take it.  Would this apply even to barren land out in the boonies?

I was thinking worst case scenario.  If something really goes horribly wrong, is it possible to just walk out and your other assets are protected or are you stuck paying taxes (and fines) for the rest of your life.

I have a crazy question that I wasn't able to find an answer for. What are the options if you have a rental property that is paid in full, but no longer cash flows and no one wants to buy it. For example, lets say you purchased a property in a rural area and the only job provider left the town. You no longer can get tenants nor would anyone want to buy from you. However, you no longer want to own the property, incur property taxes, maintain utilities, etc... What do you do?

Her claim that the mold is making her children sick, is that just an empty threat?  What's the chances she would win in a lawsuit if that were to happen?