If there's no short sale, the lender(s) will eventually foreclose.Just my opinions and experience with BK.

@Brian Gibbons: I know that most people lease option to obtain "pretty houses" that they eventually sell but what I am wondering if I can use the lease option to control a house that I want to keep as a buy and hold?

I know it is a bit of a stretch, but I'm hoping to eventually acquire one that doesn't get paid off.

.: Some more winners 12) Insurers-decreased chance of an empty house being broken into by copper thieves or other vacancy issues. 13) Building supply stores- Will sell additional materials to the end buyers who are improving their home. 14) Private mortgage insurers (if there was one involved) will not have to pay off on a foreclosed property.15) almost all concerned can afford to buy some ice cream from the ice cream parlor16) Farmers benefit by selling more milk for ice cream17) Farm subsidies go down18) Government debt is decreased19) Credit to China is easily repaid20) China's influence is then decreased on the world stage21) Japan decides to take islands in the Gulf of Japan that are disputed22) War breaks out between Japan and China23) The US enters the war due to Japan's Treaty as allied forces24) China sends a nuke over and takes out Dallas25) The collateral is destroyed and not insured as it was an act of war.Laughable justifications in doing the wrong thing won't change anything, eventually it can lead to your destruction, might be sooner than later.

I'll keep posting details on this one and eventually write a blog post on how it all went down, from A to Z.Jay

Since you're a landlord and someone is deciding to break their lease and vacate early, you must have a specific clause in your leasing agreement stating what the consequences that you tenants may face.Most of the time, when someone is trying to end their lease before it expires, the landlord give a tenant at least 2 options:*  Allows tenant to break the lease and pay an early termination fee of 2 months' rent*  Allows tenant to find a tenant willing to take over their lease for remainder of the lease,       which will eventually save a tenant on paying an early termination fee.Security deposit should only be withheld if landlord find damages done to apartment, while tenant lived there.

Do you mean you just want to leave the derelict garage and let it fall down eventually?

I would eventually like to build a portfolio myself and start earning some passive income from rentals.This community has really opened my eyes to some “new” ways working in this business, and I look forward to talking with you and asking a lot of questions.

I have been reading the blogs and forum topics nonstop since I found this site and figured I would introduce myself.I am an accountant in the Northern VA area looking to expand my knowledge of the real estate market and eventually get into investing (flipping, specifically).

I am studying real estate studies at Ashford University, and I would like to eventually become a flipper, although I am really open to do any if not all of it relating to real estate.