Skip to comments.
Banks Refusing To Take Back Foreclosed Properties
NPR ^
Posted on 03/07/2009 11:56:28 PM PST by Chet 99
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-50 last
To: djf
The compression rings are complete rubbish. I’ve resorted to using the compression fittings with teeth.Shark bites, huh? Did you try the compression rings requiring the special tool?
41
posted on
03/08/2009 12:50:21 PM PDT
by
Jeff Chandler
(Obama's next program: Kopechne Care)
To: mkjessup
“Wait until the foreclosure sales are for bank buildings that nobody will bid on.”
Yep.
42
posted on
03/08/2009 12:55:35 PM PDT
by
AuntB
(The right to vote in America: Blacks 1870; Women 1920; Native Americans 1925; Foreigners 2008)
To: Chet 99
It seems like it would be in the Bank's interest to issue a new mortgage to the owner at a lower valuation (like auction price). This would avert the costs of foreclosure and the carrying costs of holding the property until auction, plus the bank could probably negotiate a better price than what they would get at auction.
Full disclosure: I'm not a banker, nor have I lost billions of dollars from toxic assets.
43
posted on
03/08/2009 1:05:20 PM PDT
by
Nachoman
(Think of life as an adventure you don't survive.)
To: Jeff Chandler
;-)
“This is ice, Kent. This is what happens to water when it gets cold.”
44
posted on
03/08/2009 1:07:00 PM PDT
by
NVDave
To: Jeff Chandler
Yea, I like that about PVC/CPVC. I’ve plumbed hired man quarters with PVC/CPVC. I just put in air connections and drains so I could blow the lines out with the air compressor at the end of the season.
45
posted on
03/08/2009 1:09:47 PM PDT
by
NVDave
To: jedi150
Photographic evidence of the decline of America into a 3rd world Nation.
It's amazing to me that some people thought we could ship all of our jobs to third world nations without becoming one ourselves.
46
posted on
03/08/2009 1:09:54 PM PDT
by
mysterio
To: NVDave
This is what happens to water when it gets cold."Cold"?
47
posted on
03/08/2009 1:19:46 PM PDT
by
Jeff Chandler
(Obama's next program: Kopechne Care)
To: Jeff Chandler
;-)
Of course, here in Wyoming, we can plenty of it.
48
posted on
03/08/2009 1:22:35 PM PDT
by
NVDave
To: NVDave
“This is ice, Kent. This is what happens to water when it gets cold.”Are you talking about Margaritas?
49
posted on
03/08/2009 1:26:40 PM PDT
by
Jeff Chandler
(Obama's next program: Kopechne Care)
To: mkjessup
At that point it wouldn't be a legal stretch to consider the property effectively abandoned by both lender and borrower and (*SURPRISE*!!!) the city/county/state/feds swoop in and seize the property. Okay... but what if you pay the taxes? Not the mortgage, which is an agreement between you and your lender, but just the taxes? The city/county/state/feds wouldn't have any reason to sieze your property. In fact, you could potentially buy the place from the city for back taxes, and own it free and clear.
50
posted on
03/08/2009 3:42:20 PM PDT
by
Oberon
(What does it take to make government shrink?)
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-50 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson