Chances are you will - have a deficiency judgement, - if there is a second mortgage you will owe that money, - the IRS views the debt as forgiven income (see a CPA), http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation-- your credit FICO score will drop as much as a foreclosure,and - your borrow-ability with any government agency like FHA will be harmed for a long time.So what is left?

Focus on creating a compelling message and a call to action - the substance of your message will go a lot further than a nice logo.Does this make sense?

I have been wanting to get this going for years, been reading/studying on & off all this time and am now getting things going.After lurking on this forum for some time, I realize that my reading has focused on motivational books with little substance and I am now struggling to come to grips with the cold calculations of the REI experienced here on BP.

What I have stated regarding lender / owner position is something I know for an absolute 100% fact as I know I have 3 children, as I know the Earth is round, and as I know man has walked on the moon.There is no harm and no crime in admitting you are wrong, it does not make one a bad person.

Now, I get that someone who thinks you might relieve them of their financial misery is very unlikely to harm you, just like a person on a rope bridge with you is unlikely to cut the rope bridge, but you know, if you meet 50 new people a year and turn your back on them in their house, you might have one with nefarious motives.

I'm guessing at least another $2,000 for that alone, putting my total roofing replacement at approximately $6,000.But, the better question is this: Is there any harm in putting in an offer with a modest earnest money deposit, and then follow through with the inspection and contractor, then decide based on their findings to either keep or walk away from the property?

I found some documentation last night that may get me out of harms way on this one so I may not have to pursue it.

I also realized that there is very little harm in asking.  

If RK is a liar a cheat, or a fraud, who cares, it is not harming you so move on.Just my simple thoughts and opinions.

There are lots of mediocre brokers out there who do not do a lot of things for their clients and potentially puts them in harms way.