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My 18 year old nephew F''ed up. He moved from Dana Point to Salt Lake city in Late November. My sister( the kids mother) bought a house for hom to rent. She put 45K down and financed the rest (220K 3BR house 1/4 acre). He paid one months rent and bailed!

What are her chances of getting her $$ back out?

Commission, holding costs, closing costs? Has the market in Salt Lake softened since November 2005??

I figure she will be lucky to get 10K back

How about your thoughts? I guess he got tired of shoveling snow!