| I didn't say I was defaulting, but I'm trying to understand the lender's logic in refusing to work with borrowers. I've seen the scam reports too but I've also heard a lot of chatter that you're sitting on this huge rapidly depreciating investment and the bottom isn't in sight and it may never get back to what you owe if you bought in the 5-6 years prior to the foreclosure crisis . . . in short, you may never make a profit - for the sake of argument, why not walk and rent for a couple of years rather than continuing to pay taxes, insurance, interest on something you will most likely never make pay? |