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In United States
Registered Dec 23, 2009

ohomen171's most recent comments:

• On 12 Jan 2013 in Getting Out From An "Underwater Loan Or Loans Without A Strategic Default, ohomen171 said:

  I feel great empathy for you. The big challenge here is that security clearance. In any other case I would advise you to move out to a rental unit, declare the property you are in a rental property and declare bankruptcy iusing Chapter 13 bankruptcy. If you did that, your husband would lose his clearance and his job. Even a short sale would have an adverse affect on your credit. If your husband is at retirement age, I would recommend that he retire and then you have many other options to dela with the property. As things stand you are stuck there. But the market is improving so there is some hope.

• On 2 Jan 2013 in Getting Out From An "Underwater Loan Or Loans Without A Strategic Default, ohomen171 said:

  Jeff thank you so much for asking for my help here. I have done company bail outs on three continents. I have never seen a bank act in such a bizarre manner. Normally the bank would take over or foreclose the property and get a new developer to straighten things out. The owner has an interesting tactical possibility. He can declare bankruptcy using a Chapter 13 or Chapter 11. He can then get the current value of his holdings (most likely less than what the bank is owed) and have five years to pay the bank off in full. He needs to talk to a bankruptcy lawyer. If he is in the Bay area, I recommend Mike Comfort of the Comfort Law Firm at 650-288-0071 or guy360@aol.com.

• On 6 Oct 2012 in Is Miami, FL a good investment yet?, ohomen171 said:

  Miami attracts international investors like crazy. I think that the local market there is healing and is an interesting investment possibility.