Bankruptcy trumps all but the three main provisions are primary residence, insolvency and bankruptcyIf the property is in California, I don't believe if it is an investment property it qualifies for cancelation of debt income, as California is a non-recourse state, but someone please correct me if I'm wrong.

I would assume that they are worried about income stability so a cosigner would trump this requirement, but I don't know the rules.Anyone?

Low end is about 5%.High end such as Trump takes 45% plus other fees.

Oh and sign that letter Donald Duck or something and get your refund then go and tell everyone how you were treated

More good news, state law may trump the deficiency in your state as an Act of God issue, so check with your local attorney!

Some have said that with truly driven people, like a Donald Trump or Paul Allen or Warren Buffet, you could take all of their wealth away and in 10 years they will have rebuilt that wealth.

I guess the political motivations trump reality and common sense in many cases.Here's to continued growth and prosperity in 2011.

Comparing the two investment startegies, while reasonable, is just no comparison at all, as both are entirely different.Furthermore, the example he laid out with his stock investing experience, which I would venture to guess is a high percentage of all stock investors, goes to show that RE, when done correctly and when you as an individual, take control of the investments (and have an understanding of it) trumps any guesswork from not only the traditional and average stock investor, but even the stock investing pros.

Thank Donald Trump for me.

I did read up on them and found out they indeed filed bankrupt, so did The Donald. :))