WOW....cannot wait to see that in writing somewhere.I am assuming that a 120 day late, that is cured, will be treated as a short sale, if not better?

I have a no tollerance policy and it is stated that way in my contracts....NO TOLLERANCE.........I'm a nice guy so treat me that way and don't steal food from my familys table, I won't steal any from yours.Cross me and be prepared for the full force of the legal system to be brought to bear on you.

Treat it like a real job.

Literally MILLIONS of people bought homes during the boom and are now upside down on those "investments" or have already lost the property in foreclosure.On the other hand, you can make money in either real estate or the stock market if you treat it like a business and actively manage your investments.

Once again, you have to work hard and treat this like a business.

This means they could claim they own part of the home, when/if you need to evict them.Just becomes a sticky wicket that you can avoid easily by treating it as 2 separate transactions.

Thanx Josh, don't cheat yourself, treat yourself.....go out and get that convertible for you and your wife....lol

You will also read other opinions that the debt does not have to be equal but you will need to ask your accountant how they will be treating your exchange taxwise.

As a rule of thumb, water that has sat over 7 days (and is still wet), regardless of source, is treated as category 3.

Thanks Kristian and BrianNot the news I wanted to hear, but what I was expecting.I think I will treat it like wine and 'let it age'.