This is basically an exclusive lease with a first choice option.

Mainly, we just had all our ice, gas, and food bought up from all the people coming up from Houston!

Being under all this debt has probably been the main thing keeping us together.

I agree with Jon that people made some stupid choices but I side with Karen that it seems to me the smart thing for Countrywide and other banks would have been to simply reset the interest rates, especially enlight of the bailout talks.

But honestly, do you think Florida's main concern right now is people actually PAYING on their defaulting loans???

It's really just about choice.

When people see what I put into it, they are amazed at what it takes and the time it takes away from my main endeavors.Think long and hard before you commit yourself to starting a group.

But, for folks that are looking at being $200K, $300K or more in the hole on a property which will never again in our lifetimes be worth what it was at the peak, what choice do they have but to walk away?

The homeowner can choose not to include the house in the BK and sell it short in some cases but I don't believe the bank has a choice in the matter.

I found a way, but we would have to sign personal garauntees, which helps with the issues related to having 3 partners in a deal, but doesnt limit our liablity, which is my main objective.