Quote:
Originally Posted by vash
i know a chick about to walk away from her loan..right after she buys her new home for less money, more space, less interest.
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I'm sorely tempted to short sale my rental condo in VA after I refi my primary house in AZ. I'm losing $5k (an active loss, not a passive one) on it this year and it could get a lot worse before it gets better. At some point it just becomes a business decision of which consequences are worse - losing $300 a month when nothing goes wrong or taking a 50-100 pt. hit on my FICO for a year and not being able to get any kind of loan for about that length of time? The latter is quickly starting to look better.