12-02-2009, 04:18 AM
Seacrest wrote:
No, no and no.
Road to Hell being paved with good intentions and all that.
If A is underwater, and there is no foreseeable hope of A hitting the lottery any time soon, A should play "Jingle Mail" and walk away.
If A has an equity cushion -- a rather LARGE equity cushion, A should sell ASAP, rent with the proceeds, and buy back the property for cash in a few years.
In other words, A would end up to be the biggest loser in this deal if B was to be the title holder. However, A could still reclaim ownership if a Quit Claim Deed was drawn.
Seacrest wrote:
Forget anything you think you know about real estate, and ignore anything a Realtard® may tell you -- we are in uncharted territory right now. (The territory's been charted before, but not in our lifetimes.)
†The standard disclaimers regarding taking financial advice from random strangers on The Internets apply.
:hail: