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Old 10-20-2009, 06:23 PM   #18 (permalink)
The Big D
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Join Date: Oct 2009
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Quote:
Originally Posted by spirit4711 View Post
I'm not sure it's very effective. If I were the landlord I would be tempted to say: go ahead and file for bankruptcy. I hate being blackmailed and would rather eat the loss of the remaining term than let them get away with it.

Collaborating to get to a solution both parties can live with is better than playing win/lose games.
The success rate is VERY high if in fact there are no tenants available. The lender has a mortgage to pay more than likely.

The point is, it's a freeroll. if it doesn't work, you do what you would have done anyways: file.
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