That makes it worth much less than the face value.If this were in the US, and assuming your mortgage is the most senior one (I'm guessing it may not be) and if the land is really worth $15 million (dubious about that, too), then you could foreclosure.

Senior encumbrance is only $53K.Sure would like to bid but it would be my first time.

Anyone familiar with marketing knows perception is reality and the perception that the productive members of our society are about to punished for being responsible citizens is growing.

Absentee landlords and people who are in the home but can not keep up maintenance cause damage to the homes good citizens own.

I am a senior out at Mizzou right now but will be in St.

After much arguing, a senior appraiser always shows up.

I can see a bunch investors, realtors, etc. doing a citizen's arrest Vic Mackey-style.

Another option is for the ones of us with more liquid assets and better credit to put in more and own a bigger piece of the LLC and be the "senior" partners, ie make all the decisions.

PMI works against you...Big Time.The PMI company has to approve the short sale since they are on the hook to the senior note holder.

But he also ran a hedge fund that U.S. prosecutors said racked up $50 billion of fraudulent losses.Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," with estimated investor losses of about $50 billion, according to the U.S.