Instead, I mean that you have enough income irregardless of source to pursue your wants while providing for your family as decided by the family.I am now focusing on adding some house flipping for daily living expenses, using a disciplined numbers approach tempered by reality of need to eat.

$5K does not go very far these days (a fresh coat of paint and replacing the carpets will eat up a large chunk).

Also as mentioned by Patrick resale costs would eat up that small amount of equity.

That may be a better solution than taking it to foreclosure, in this case I don't see GMAC eating 45K exceeding such alternatives and perhaps having some things done, protecting the collateral, and holding it for sale.The other factor is the borrower information, likelihood of obtaining a deficiency judgment or will they be headed to bankruptcy?

As my friend John Schaub's wife Valerie once told him in their early days, "You can't eat equity."

@Drew Denham,Does the Kitchen have enough space for a Table and Chairs, to eat at?

The condo fees are typically high and eat of a lot of cash flow that may be had.

In my lease it says a $40 late fee for paying late but who should eat the fees for depositing a bad check from tenant?

Make her pay it, or eat the costs?

I'm a happily married father of a wonderful son who likes to make my own wine, eat good food, and read a great fantasy book.