Letter Re: Private Gated Communities May Not be Gated After All
Hi Jim, Due to the real estate slump and the poor economy, my wife and I are trying to unravel our mess of real estate investments. One thing we did, was to abandoned our McMansion in a rural area near Seattle, Washington. It was a new four thousand square foot custom home in a gated community. All the other houses were as large and some significantly larger. We had abandoned the house about a year ago after failing to sell it for what we owed, and have not made any house payments since then. We also chose not to pay …