Thanks Jon.Last year at this time, I was taking our F-16's to early retirement out to the bone yard located at Davis Monthan AFB in AZ.It was really tough every time to make that trip.

I have the scar tissue to prove why the cheapest is not the best.

I was listening to NPR the other morning and they interviewed a fella that racked up over $100,000 in credit card debt.So he shocked me -- he cut his expenses to the bone, then got a second job at night cleaning floors and paid off all that debt!

Finally, don't go the tan and black way on the paint, I would do a bone white with black shutters... tan is out now... it shouldn't have ever been in

Then, cut back your living expenses to the bare bone and save like crazy to accumulate the twenty grand or at least enough that you could borrow the rest.I would assume the LTV issue wouldn't come in to play if this was a standard 30 year fixed loan with normal terms.

The rich and the poor can unite over something (throwing a bone to our liberal friends).

If you swing a deal where you can do that, whats left on the bone for you, that seems to be the number to work from at this point, what he owes.

This way there is still mean on the bone and you made a healthy sum without much work.

We ruined the bones of a house we might have been able to rehab and save if we had simply done a few right steps at first.We gave up on it because the foundation was falling out from under it...the city condemned it and we had to pay $10k to have them flatten it.  

I don't think there is enough meat left on this bone to make it worth it as an REI unless they were willing to take less than they owe and paid it with cash at closing.