I just had to dig this thread up. Taking some pelican advise to cut and run, I sold this house for 145K paying off what I owed on it in 2007 I lost 40K on the deal.
Today, the house may be worth 40K. I ducked out of a 140K loss.
I drove past it today and busted out laughing. I suspect its in foreclosure now.
This was better for the city? To get me, a stable tenant the took care of the place out, and get this?
