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Registered
Join Date: Jan 2002
Location: Nor California & Pac NW
Posts: 24,868
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Can't he (your friend) sell the house whose rent won't cover the mortgage?
I wouldn't think banks would be eager to restructure the mortgage on an investment property, because if the house value declines further, the investor could well just walk anyway.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211
What? Uh . . . “he” and “him”?
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