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1 posted on 02/08/2010 5:53:57 PM PST by GOP_Lady
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2 posted on 02/08/2010 5:54:18 PM PST by GOP_Lady
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To: GOP_Lady

Doesn’t really matter if they let the original borrower keep the home or not. They can’t sell them for anywhere close to what is owed. If they take the home back they have to pay taxes and maintenance. Not foreclosing ensures the loss isn’t on their books, only the late payments.


3 posted on 02/08/2010 5:58:32 PM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: GOP_Lady
This one is scary too:

We are a loooong way from the bottom of this real estate crash.

4 posted on 02/08/2010 5:59:06 PM PST by Zeddicus
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To: GOP_Lady

The DemocRATS’ “affordable housing” fiasco sure jumped up and bit us on the @$$. It’s never a good idea to sell something to somebody who has no intention of ever paying for it. A “teachable moment”.


5 posted on 02/08/2010 6:02:13 PM PST by FlingWingFlyer (If the CIA and NASA are going to "monitor climate change", why the hell do we need the EPA?)
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To: GOP_Lady

6 posted on 02/08/2010 6:35:40 PM PST by VRWC For Truth (Throw the bums out who vote yes on the bail out)
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