Just don't go into it thinking that everything will work out as advertised - they won't!

This is why the two techniques generally work out to the same total depreciation expense over the 27.5 year class life of the dwelling structure.

Good luck and let us know how things work out.

Anyway I have been able to get the P&I under control through extra payments and refi, so I think it will work out when I decide to move out.

This would be something you would need to work out with your broker, but most I have talked to over the years would require some fees for the liabilty of the transaction.

Very few banks have programs set up to manage their foreclosed property (which is costing them millions), but some do (I believe Fannie and Freddy are two that do)... try to connect with the bank directly and see if you can work out an arrangement.It's a bummer, but I wouldn't waste my energy pursuing anything in court.

I like it, it's a good game for starters to grasp ideas of getting loans and realizing things may not always work out how you plan.

We can work out the military's budget problems, but the time for that was not when we were under attack.

Good post , Mike if you believe in the 80/20 rule , that 80% live in a fog, while 20% are actually the Doers& Thinkers of the country, then things will eventually work out just fine because the free market system works perfectly (minus the criminals and the greed, or is that possible).

If it doesn't work out don't worry as there is more where that came from.