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Old 07-29-2009, 02:21 AM  
MrMaxwell
Too lazy to set a custom title
 
Industry Role:
Join Date: Jul 2005
Posts: 10,057
Quote:
Originally Posted by Sloane View Post
Sorry to hear mate...I am sure their are complexities involved with your situation that would be impossible to cover in a GFY post... the one thing I didn't understand was you had a 400k mortgage, and the property was worth 1.2, 30k off being worth over 2.? Couldn't you have just closed shop, and sold out? Or did the amount on credit cards/loans from friends exceed equity in the property.

I am mainly a lurker on GFY, but you seem like a smart guy. I am sure you will make a come back
Yeah, that is my big question, you're 400 into a 1.2-2.x prop and you don't have donald fucking trump on the phone saying.. look... about this quick 500k.. .. All I can get from it is that it was a case of "held on until the last drop of blood was out of the patient and the powers intervened" .. some guys will NOT give up, they WILL run it right to the end of being 100 feet under before they'll let go.
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