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<p>I dont understand why everyone hear thinks its so hard to save $40K. The guy makes $75,000 a year. Setting aside $40K over 2-3 years should be quite easy and he wouldnt have to sacrifice his life. You guys make it sound like he would live miserably for the next 10 years. Give me a break...

<p>I am not sure if this is the case for Lantana but some of the other VoC communities sold the model homes early and leased them from the buyers. I would love to get a deal on the model next year if they are still available. </p>

<p>A little more thought on the rent skimming. If it is against the law, then AV just needs to make sure that the bank doesn't know he has a tenant so he should find a tenant looking for a 3-6 month rental and offer a discount of $300 so its a win-win. That takes away the guilty feeling of...

<p>rtlguru - I dont think the sales director will ignore the sales agent but its very likely that the sales director might think they have a better bargaining position than they really do. They might tell the sales agent to try offering something else and try negotiating with the buyer...

<p>effen - the game board is awesome! AV should print it out and slide it under the door for his new tenant </p> <p>EvaL - not sure about rent skimming but the CC charges would be made 6 months before BK as he won't file BK until the foreclosure</p>

<p>I still have problems with walking away but everyone does make good points regarding the fact it is more of a business decision than a moral one. </p> <p>If the goal is to maximize your cash, then I suggest the following:</p> <p>1) move out and find a cheap rental 2) find a tenant to...

<p>Qwerty - you make a good point. No one is in his shoes and he needs to do what is right for him. That being said, why is it right for him to walk away and ruin his credit? Why isn't overcoming this challenge with hard work not better for him? </p> <p>Furthermore, even after 45%, he is...

<p>Does it help to have an RE agent or redfin on your first visit? Someone once mentioned that the 5% commission they give is regardless of negotiations as its coming from a different bucket of funds. That is, you can still get your $600K offer and redfin gets the 5% and then you get your...

<p>I don't understand how an investor can accept this. They bought these loans with the idea that they will make more money during the resets. </p> <p>Also, according to the CNN article, "The plan is aimed at homeowners who are making payments on time at lower introductory mortgage rates but...

<p>What about just staying where you are working hard to pay down your debt. Sure the bank gave you the loan but that doesn't change the fact that you took it. Honestly, I am not trying to come off rude or anything but I really believe that the ethical thing to do is stay put and work hard to...

<p>Is anyone else having a hard time reading this thread. It looks like all the new comments are getting nested into SCHB's comment. </p>

Steve jumped into the chat too - i honestly think he is sincerely trying to help...

My brother-in-law lives in the hills of Orange and he can see the flames from him bedroom. Some cops came by the house earlier to tell the residents to stay at home and that if they need to evacuate, they will give them a 15 minute warning. Fortunately, the winds are pushing the flames away...

Where do you learn all this BK? What kind of job do you have that requires this kind of extensive knowledge? I think it would be great to feature one of your posts on the main blog one of these days.

<p>You don't think TIC will eventually reduce the land cost? From what I understand, many builders were cutting deals in the early 90's and that included in areas like Irvine.</p> <p>With all the projects going up in Irvine, it is hard to imagine TIC not dropping the land cost eventually if...

<p>What about a young couple who gets money from their parents? In my community, the children don't inherit the parent's money once they pass away. Rather, the parents slowly transfer their savings to the children with the expectation that the children will take care of them as they age. In...

<p>hs_teacher - when did old houses equate to being poor? I grew up in a house built in 1939 and my parents still live there. It is no mansion but I wouldn't consider my family poor. We grew up middle class.</p> <p>In any case, I didn't start this thread to figure out how to keep up with...

<p>Thanks for all the comments. I agree that a spreadsheet will be the best way to go about it. </p>

<p>I went back to Astoria today and they had a Plan 1 on their special.</p> <p>Lot 119 - Plan 1FR - $899,990 - Had a bunch of upgrades but didn't have time to write down. </p>

<p>I went to VoC again today to check out how the pricing looked and while checking out some models, my wife and I were trying to calculate the real total cost of buying a new home. With a resale, what you see if what you get but with a new home, its easy to overlook the cost of landscaping...