That gives me some relief knowing there's that option available.

We have since retained counsel and have been withholding rent in an attempt to get some relief, and the bank is non-responsive as well.I would ultimately like to purchase the property, but the amount owed is far greater than the current value.

At my local REIA meeting, there was a sentiment from the more veteran players (particularly the mortgage brokers) that Fannie MAE/MAC will change mortgage allowance from 4 to 8 soon to help relief the number of foreclosures on the market.Does anyone else have the same sentiment or has heard similar from their REIA?

While the idea of "cash for keys" can have an immediate relief to the Landlord, it does not provide a long-term value to the community as a whole.

There are some questions that have held me from diving in and I hope you can provide some relief.

Why in the world would I want to have to get a bank loan, or a large money loan when there are so many people out there who would love someone to come in and take over their monthly payments and give them relief from their mortgage payment.

That was a relief!

It was my first time with a vinyl plank and I managed to average 150-200 sq. ft. an hour with complex cuts/reliefs as well.

I feel like you can probably get better returns owning (vs cc debt) if the end scenario is you have $850/month to put towards debt relief. 

Her daughter will be helping her apply for some sort of property tax relief which, they indicated, NY offers to the aged – not that this will help if she can’t pay it anyway.Also, the sense I got was that she hasn’t talked to the bank at all, though I assume they’ve tried to call her.Any other thoughts on what she could do to stay in the house and extract some equity to live on?