that sounds reasonable.
to va_Landlord:
is it kind of like "agreed upon default", in which you work with the bank and reach an agreement, to the end, you lose whatever you have put in and the bank take whatever they could sell, both lose some. while foreclosure is an "involutary eviction".
i think with the method you mentioned, once they get a job, lenders will be willing to work with them, because they put in their effort to work with the bank regarding the house, rather than doing nothing, paying nothing and walking away? with your method, they are proactive, and initiative making effort.. i think that would help in the future wtih future lendors.
once they get ride of the house, they will have no more mortgage, which is about 1700+200 (tax). they can rent a house or apt. for much less amount. with umemployment benefit, they can still make it, while waiting to make a come back soon.
did i understand it correctly? please correct me if i am wrong. thanks.
