Your welcome ...

Nope, not a type ... 8,000.00 (eight-thousand) for small two bedroom condo's. I just looked at the attorney's list who handled our sale for the mortgage company and there are over 680 home, land, mobiles and condos listed for the next auction in November. Some companies list a minimum-bid and others start at 0.00 (zero - nada).

You just have to have a 10,000.00 bond before you can bid and the highest bidder wins.  My friend in Utah just 'won' a 5 bedroom home, needs work and applicances, but for only 7542.83 - they will continue to rent the next two months while making the repairs.

It would be sad to purchase a place that others have lost - as I am sad my house was bought and for so little, but to have no mortgage or rent payments each month would make life much less stressful for us. Also, my daughter and baby's rent went up to over 900.00 a month, so she will be needing to move soon, too ... was only 650.00 before but lease expired ...

 Hello

I have seen numerous stories about foreclosures but can you really just walk away?

For example. Say someone bought a $1 million dollar house in 2003, put down about $30k for closing and deposit, had a mortgage for about $5000 a month and now it resets to $7000 and he/she can't afford it and also the house is now worth $900k. Now what if this person had about $100k in 401k and IRAs, and $50k cash in the bank. They realize they are stuck in a suckers deal and want out.

Can they really walk away from this loan? What happens? Can't the banks go after that $50k or 401k money? I presume the person has to claim bankruptcy but can they with so much money in the bank?