We have olympic athletes training on our Oklahoma City River (they are training for rowing - we have the newest and arguably the best rowing training facility in the nation with the completion of the $10 million Devon Boathouse).

You need legal means to make them pay you.You need to get a judgement and then you can either:a) assign your judgement to a judgement recovery agency for 30% or less.

I wouldn't ruin my credit for 250 bucks a month.I highly doubt it would take 10 years to reach a payoff you could handle.A residential recovery and workout of toxic loans is at max about 3 years away on a national level with some areas performing and recovering much faster.Why not go to the bank and say rents have gone down and I am struggling.Ask for them to renew the next time at 3 or 4% interest.That will make the gap smaller and go up in rent just a little but not much.Yes insolvency will wipe out any 1099 phantom gain as long as your liabilities exceed your assets.Most local banks all have you sign a personal guarantee.They consider it YOUR WORD as a vice president has told me that you will honor your contract (one of my clients short selling an apartment).The bank said at that time they DID NOT want to short sale and favored instead writing the interest rate down and extending the loan another year at a frozen rate and see what happens.Banks do not want to DUMP everything like people believe.They only cut out properties they see as having no chance of a recovery in the future or a liability if the took back (war zone,environmental issues).In that case they will usually sell the note if it has environmental issues or they don't want to foreclose.I would try the options I have above instead of ruining credit.

Gold up from $200 in 2001 to $1540 now is the RED flag something is wrong in the country... 250k people lost their job last month, only 54k created (minus 40k from Mcdonalds).. no recovery, massive debt climbing..

I have an expense recovery and cost savings business and want to market my services to commercial real estate owners.

If this passes it could really kill a recovery and would make a great reason along with low interest rates to buy as much as you can as fast as you can now before it goes into affect.http://www.realtor.org/commercial/commercial_podcasts/armstrong_0611

There is no "The" next level.Think about an athlete in training, perhaps a runner.

But one thing is true (and quoted by several famous athletes) … You’ll miss 100% of the shots you don’t take.

When that happens, and all the distressed sale properties are soaked up, prices will make a dramatic recovery here.

Will Shadow Foreclosure Slow Down Housing Recovery ???