This has already happened and bankrupted people here in Orlando; I remember reading about it in the paper a few months back.A likely result in this market, with a legitimate company looking out for a win win situation, is that they end up having to hold onto the house for longer than they hope, taking lower amount of money if they do find a buyer, or dipping into cash reserves to keep from losing your shirt.HOWEVER, there's also a much worse possibility: They buy the home with a low price and using your credit, then they find a lender who gives them an equity loan as a line of credit or a straight second mortgage [without your knowledge].

Of course, and they'd be bankrupt in a year.

One one deal the subcontractor who was building the steel skeleton went bankrupt so the project was delayed for about a year.

He went bankrupt but all the people he "helped" were hurt.

Ask yourself what would happen if China wanted to collect on it's debt: oil over $200/barrel, depression, and a complete bankrupting of the nation.

If the company goes bankrupt, though, then you're out of luck, of course.

If countrywide would have gone bankrupt that would have caused a massive headache on wall street, and in washington where regulators would have to step in.

Provided they don't go bankrupt this year (big possibility)

What if he gets run over by a train or goes bankrupt?

Also, hyper inflation will be accompanied by high unemployment and a bankrupt federal treasury, so both private pay and Section 8 renters will be squeezed due to lack of wage income and lack of govt money.