not an expert there on this issue but I would bet 97% the loan survives and your taking title sub tooand the first lender once they get a relief of stay will then forclose and wipe you out.where I see folks use these HOA deals is simply to rip rents.. get into title because as we know you cannot rent something you do not have title to.. keep the rent for as long as you have ownership until your wiped out.I have actually seen a few were the property was free and clear and the owner just left stopped paying the HOA someone bid on the HOA and owns it free and clear.. client of mine did that on two townhouses in CA... unfortunately there was an issue with the subterranean drainage and after about 10 years of renting them out they slide down the hill and were condemned but I am pretty sure it was still a profit for him. 

In other words, the assets would be purchased/sold as "ABC Solo 401K Trust" versus "Credit Relief, LLC".

Thanks Josh , you answered what I was needed ti know.Do you know of any relief coming down the pike in Obamas stimulis plan to help home owners that are so upside down ?

I have wholesaled 100's of properties, flipped dozens of properties and built cash flow to achieve financial freedom.I attended College of Charleston on academic scholarship, receiving a B.A. degree in Urban Planning.I was elected and served as president of the student body.In Summer of 2005, I moved to New Orleans as part of the disaster relief effort, where I honed my negotiation skills settling insurance claim disagreements between contractors, homeowners and insurance companies.

I think there may be better opportunities in the future to buy at better value once the government stop assisting with checks.With that being said, its been a relief that this summer is going to be successful for us and take care of our bills for the year. 

Hello BP gurus,I have a duplex that's over 3500 square feet, with a large partially finished attic that appears could easily become a third unit, though it will need a fire escape for a second egress.I would need zoning relief (variance) from the local planning board to become a triplex (there are a few larger multis in the neighborhood), help from an architect on design and code compliance, and a general contractor to build it.

That was a huge relief for these owners.Next, a vacant house means utilities, insurance and lawn maintenance bills.

The Mortgage Forgiveness Debt Relief Act of 2007 set the amount of relief for Borrower's who take principal writedowns on their primary residence which is up to $2.0 Million if joint filing and $1.0 Million if separate filing.

I was under the impression that the tax relief from the loss was not created under Bush, it's always been an option to request that I know of, but was specifically stated for short sales after Bush, not part of the Bush tax cuts.

However, this is something every landlord near a military installation should be aware of:The Servicemembers Civil Relief Act (50 U.S.C. §§ 3901-4043) is a FEDERAL law aimed at establishing civil protections for active duty servicemembers.