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Seattle Bubble Forum Archive • View topic - Youwalkaway.com on Nightline at 1130 tonight on ABC

Youwalkaway.com on Nightline at 1130 tonight on ABC

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

Moderators: synthetik, The Tim, Lake Hills Renter

Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby Alan » Wed Jan 30, 2008 10:04 pm

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Re: Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby The Tim » Thu Jan 31, 2008 9:22 am

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Re: Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby Alan » Thu Jan 31, 2008 10:15 am

huh?
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Re: Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby The Tim » Thu Jan 31, 2008 10:22 am

"title says it all" is a common thing to read on digg.com, that's all.
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Re: Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby small_far_ugly » Sun Feb 03, 2008 7:57 am

WOW. Soon you'll start seeing services popping up to help these people. I have no sympathy. They drove up my housing costs.
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Re: Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby lannypoffo » Sun Feb 03, 2008 12:33 pm

So what is the business model here?

Youwalkaway.com claims that they help people be informed of their rights, and help them stay in their house "without paying" for up to a year. So how does youwalkaway.com profit? Hmmmm.....

1. Set up website informing borrowers of their rights to stay in a home being foreclosed on
2. Take calls from people who already can't make ends meet
3. ?????
4. Profit!

Doesn't seem like a sustainable business to me - just another cycle of the wolves feeding on the sheep.

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Re: Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby Alan » Sun Feb 03, 2008 12:41 pm

They charge $1000 for their information packet.
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Re: Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby rose-colored-coolaid » Wed Feb 06, 2008 3:32 pm

Walking away gets further exposure in the MSM.



This might be a marker that we can watch to know when housing is due to turn around. The day someone says, "I know my house has lost most of its value, but I'm just not sure about this jingle mail thing" and a coworker says, "Of course you should just walk away. It saved my marriage"; that's the day I know it's time to jump into housing with both feet.
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Re: Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby jillayne » Wed Feb 06, 2008 11:20 pm

Alan, I read tonight that youwalkaway has sold more than 180 packages at $1,000 each.

Get ready to check your spam bins for youwalkaway copy cats springing up like mortgage brokers at an open bar.
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Re: Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby Alan » Thu Feb 07, 2008 8:29 am

"A fool and his money are soon parted."

This suggests a way to generate business plans.

Step 1: Identify fools. (for example, people who purchased housing beyond their means).
Step 2: Find out how fools are being separated from thier money (by making paymen ts on a house that they are going to lose anyway).
Step 3: Create a product that gets in the way of that money flow (I suspect lawyers are a useful resources in this step).
Step 4: Profit!
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Re: Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby rose-colored-coolaid » Thu Feb 07, 2008 11:59 am

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Re: Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby lannypoffo » Thu Feb 07, 2008 12:13 pm

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Re: Youwalkaway.com on Nightline at 1130 tonight on ABC

Postby biliruben » Thu Feb 07, 2008 12:44 pm

I think they sell you a kit showing you how to stop paying your mortgage for like a thousand dollars.

Spend it on a lawyer instead.
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