Hopefully, your lease has language that minimizes the potential liability for you, but in any event, the tenant always has a duty to mitigate any damage.

Yep,I have a team that focuses on loss mitigation sales.

In addition, some lender loss mitigation departments have their own rules, policies, and procedures.

Its called Loss Mitigation, I know you are seeing 1000 of these business' start up, and Ive seen the websites they are cheesy.

Talk to an accountant and talk to the loss mitigation department at WAMU and tell them why you can no longer afford to pay.

Keep plugging away but Wells will want something for sure.If you want to keep the property and try a loan modification, talk to the loss mitigation department of Countrywide.

they obviously cant just disappear and they sure as hell cant repackage them and sell them back to the banks.... the individual investor will prevail because of this. if i were you id start setting up govt contracts to take these off of the newly formed "paulson and bernanke loss mitigation co." theyre gonna want to get rid of them and fast.

I'm sure that most on the thread have had some incompetent loss mitigator say, "which offer were you talking about?"

It's not a HOME to them, it's a LIABILITY, yes they want to sell it, but they want to mitigate their losses too.6.

When rehabbing you need to do the cosmetics of the property with out breaking the bank.