It's heartbreaking for her and her husband.She can avoid personal bankruptcy if the landlord does not try to recover the entire lease amount (through Dec 2009).

If you are in a negative cash flow position, find a way to earn some income to cover it, When the market does recover (which it will), you can then find equity in some of your rentals and sell them to pay off the LOC you over-borrowed from.

I might even be able to cancel the appraisal and recover some of that money.

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I think that I was able to recover most, if not all messages.

Based upon this data we are looking at a projection of over 50 Major Disasters to hit the US by the end of 2006In addition, we are still recovering from fires in California, Colorado, New New Mexico, Oklahoma and Texas.Yet, we are still going to have to deal with past Hurricane damage.And we still face dry conditions in various parts of the United States that produce fires and we have yet to step into the Atlantic hurricane season that lasts from June to November, with the peak season from mid-August to late October.On top of all this over 350 tornadoes have been recorded as of April and this could be one of the most active and deadly seasons in historyFor more data see: http://www.spc.noaa.gov and To compare from 2005 to 2006 see: http://www.spc.noaa.gov/climo/online/monthly/index.htmlAs an investor we are tough to research property titles, market value and market trends but one major area that is left out is storm trends.Why storm trends.

Also, did one land contract where lawyer assured us that if the person walked away or defaulted there would be no legal steps to take recover possession again.

The whole point of the sale is for the first position lienholder to recover as much of their loss as possible.

If we do relocate, would it make sense to just hold onto our current house and try to find a renter, then sell in a year or two, when the house has hopefully recovered some of its value?

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