MSNBC advising a short sale for someone with $70,000 in savings?

I am so sick of these stupid people.......................

What happened to work and pay your bills...................

What happened to being responsible...................

What happened to commen sense...................

So easy for advice that is unfounded. No I dont think any lender would approve this based on this information. Depends on the availability of the savings really.

That's one of the reasons we have a lot of work to do, we must explain, consult and advice.

What a hardship. Spending money on clothes and money in the bank. I would like to hear if this one gets approved.

Wrong!  The lender will absolutely do a short sale on someone with assets!  Remember, the lender cannot make some pay their mortgage or stay in their property.  There may be strings attached (Promissory note) but it can be done, and I have done them recently.

http://short_sale_expert.activerain.com/

I do short sales in my practice.  Have never done one for some one who could have kept the home, but some did have assets, they just were not in a position to use those assets on the house.  ( in some cases it would have bankrupted their business, their only source of more income for instance)

Hey Adam, hey man i dont know why anyone would do that.Anyway i have some different business for you. I own a full financial solutions company and i just so happen to stumble up on you.You live in Kentucky. There is less than 100 people who know about the opportunity and i think you have what it takes because you look sharp.I hope im not wrong lol but hey man i have something that everyone needs go to my page and look at the overview and call me on my cell. I'll show you exactly what to do to become presidient in my company and be a share holder like me. talk to you soon Adam take care

Adam,

It is interesting what some advise people will give.  Not knowing what her whole situation is.. .the $70k could be a more retirement fund than anything and I know most advisors will say don't touch it.

There could be all sorts of reasons they said what they did or they just could have been giving bad advice.  An attorney is always helpful on these situations.