[Hydroshock]

He would be a foll to do it. And it never ceases to surprise me when many uber capitalists who decry regulation and government intervention are screaming for it now to save their bacon. I assure you it is not about protecting the home owners, if the banks were that concerned about them why do they not lower the rates on the arms or renegotiate the terms were more could afford the payment? They want their portfolios cover.

[DCPatriot]

Okay...been reading your Chicken Little screeds on the real estate market for months.

You obviously need to take a Economics 101 course.

Vacant, boarded homes are a physical and economic blight on any neighborhood. They devalue EVERYBODY's home. The only help these people who are upside down in their mortgages is government intervention

People who are liquid will be able to take advantage of the inventory glut. Right now, it's 'investors' with cash who are buying bank/REO properties before they even reach the papers.

I know of one who services the network of the largest law office that specializes in going after people behind in their mortgage or condo/HOA fees. He's purchased 3 of them already this year.

[RockinRight]

He would be a foll to do it.

What's a "foll?" ;-)