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If you have the money.
It is cheap to live here... and when the S.H.T.F ... there will at the least be food available locally... ie: my backyard.
I would call up the bank and ask for the paperwork that you closed with when you purchased your home...
If they can't come up with it.. they cannot evict you... (they supposedly lose like 25+% of them)
I like temperate summers, but I suppose you're used to the heat.
I just can't stand a place where I have to travel 45 minutes just to get to the grocery store.
However, there are plenty of good places to work outside the main drag. I don't know what it is you do, but I'm sure it can be found in Henderson/Summerlin. And I'm sure you can find a place to live within walking distance.
The rent is surprisingly low out there though.
His words were ..."What is coming is going to make the Great Depression look like a picnic"
I am a inherent optimist, however I can still see and acknowledge reality.
If you can, and you really think it is going to help you... MOVE
Not now.. Right now.
(although I do not think your chosen location is a good one- but I may be wrong)
there is the liberal mindset.
People there depend on the government for everything, and a day is coming when that government cannot deliver on all the promises it has made. That day may be sooner than the rest of the country, since the environmentalists are placing restrictions on the ports and trucking companies that are, simply put, heinous and unachievable. This will eventually bankrupt the entire state.
. So expect Vegas' economy to continue unimpeded for some time after California has collapsed. As long as you have marketable skills for the area, you should be OK.
I would suggest an outlying area (don't have my atlas here, but I think Henderson is), and make sure you have access to plenty of the one thing that is missing in Nevada: water! The proximity to friends/family back in CA is a good thing as well, plus you have an incentive for them to visit you: Las Vegas!
Should a bank fail, the Feds will no doubt seize the assets of the bank. That is not the same as seizing your home; they take the mortgage for themselves and try to service it themselves or sell it off to another bank. All you have to worry about is the address on the payments. Should a bank fail without such a takeover (improbable in the long term, more possible later on), the house is yours. It's like you co-owned a house with someone else, and they died; if they had no heirs, you keep the house (although expect a few legal challenges).
Good luck! You have the right idea.
Do you think they would guard it if some collapse occurred?
if I were to up and abandon the house (I stated in the OP it is in late stages of foreclosure) now and then then the market collapsed would I be able to reclaim it even thoug I do not live in it? My mother and father owned the house until they divorced. I then bought out my father and have lived in it for the last year with my wife, son and mother. My mom said something about a homestead. Would this help to keep it if aformentioned situation occurred?
Why the constant "liberal" bashing???
What is wrong with being free? open minded? generous? tolerant?...
Were all in this together... everyman for himself will just doom us to extinction.
OK, my bad, I missed that point. If it is already in foreclosure, unless you either come up with the $$$ quickly, or you can get a friend to buy it cheaply for you out of auction (on the sly, of course), you've already lost it. No sense crying over spilt milk, get outta there.
We each stand on his/her own in the end, and any help given to each other is an act of humanity and compassion, not a requirement of debt.
You sir, are thinking ahead and actually doing something about it.
Sadly, I feel as if you will have more hours or days than the minutes residents in SoCal will have when TSHTF.
Plucky is scared.