just stop making payments; it will take them 3-5 months to initiate foreclosure ( it starts with " notice of default"); but in the meanwhile congress will passs the BAILOUT; then uncle sam will buy your " toxic" note for something like 30 cents on a dollar; after that - most likely - uncle sam will " modify" your loan ( how'bout zero interest plus knocking off 65% of principal - would'n you make that kind of payment ?)

Further, when you borrow money, you're making the bank rich with the interest you pay on the money.

Generally, if someone wants to negotiate my commission (my salary), I stop working for them immediately.

Seems like everything has just stopped dead - even the realtors aren't calling this past week.

I will give you a cashier’s check for your house prior to the sale and stop the foreclosure and keep it off your credit report.

I don't know that it will sky rocket but the cost of borrowing is going up.

The cost of borrowing money is about to sky-rocket as well.

$20K equity in a $200K property isn't really any equity because if you sell closing costs will eat up almost the entire amount.Its unlikely you'll be able to borrow this equity.

I know i had stopped school to invest full time but i signed back up for next semester due to the fact that i can't get anything done so instead of sitting on my butt i'll head back.

She turned me down, citing the economy, nobody's loaning money, nobody can borrow now, two owneers of her few listings may lose their houses, and it's taking a toll on her...How is it where you folks are?