FWIW, the equity holders of WAMU got hosed and I don't think that's a good precedent.

You could start there, but your equity position for the work is not very compelling.

Also, homeowners in default vacate their houses for any reason they see fit...mostly because they are done caring about the property...they have to leave anyways, why not move on with their life before they bank evicts them.It is also no concern of the investor why the homeowner chooses to move out.If you can swing it timing wise it is a good deal for several reasons...the house doesn't sit vacant....you have somebody living in it that knows the deal (you disclose to them exactly what is happening and charge them a monthly rent below market value)...they can show the house for you if need be...the utilities get paid...and the investor can make some positive cash flow while negotiating...let's stop pretending this is hurting anybody...and most of all...dont make me think for a second we are concerned about the lender losing money because the investor is profiting....its the homeowner in default on the hook and nobody else.

I am in a similar position.

Just do what you can to stay positive and try not to spit on any politicians during your daily routine.I've enclosed a copy of the latest bill..

I have a very good positive cash flow which I don't touch.

What i mean by that is that you should make sure that the keywords in the ad appear on the landing page and the actual content on the page is relevant to the ad.if you don't do this, Google will likely increase your pay per click and lower your position.

I am finally in a position to prepare to list my rental, the repair work is about done, then the cleanup.

Does anyone have any ideas how I may exit this position without getting sued by the bank and destroying my credit?

Not positive why they haven't come out publicly with this unless it is to help the banks with a larger spread by lowering their cost of money while keeping the prime rate the same for borrowers.