It's like asking a barber if you need a haircut.

(Not very likely, but would make for a great fiction novel topic)3) People default in large numbers and the politicians lack the willingness to do #1 or #2, so resort to giving out a 'haircut' on the student debtFor my part, I see #1 as the most likely outcome with a good chance of sliding into #3 as the number of defaults rises.

@Lisa Perez I agree with Guillaume, I'd rather get a bad haircut than take one of those course.

Verify the payoff number as best you can and give it a haircut that makes it agreeable so you don't pay over the seller's level of equity.  

If we looked at bidding this loan we would indeed have to haircut it 50% of UPB +/- (Tom had a good guess, it seems)You have 6.5 years of this to go.

For example if apartments are cheap enough some tenants will choose to stay for economic reasons.With oversupply A rents will come down and someone will take a hair cut and some will be purchasing distressed properties.The only thing that will prevent this is if the population continues to grow in that segment through migration but in the end I think they will over build.

Yes, CALPERS pensioners like me will likely take a haircut.

Every single professional activity in RE, attorneys, closing agents, realtor, banker/lenders, appraisers and anyone else dealing in real estate who is aware of rules of the road all support the professional requirements of their industry, you never know who won't like your haircut and turn you in.Can you wholesale legally?

Talk to the seller and get a haircut for cleaning up the situation that they couldn't/wouldn't deal with.

But overall, expect a good 30% haircut of stocks and housing to normalize.