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Squatter Nation: 5 years with no mortgage payment
cnnmoney.com ^
| June 9, 2011: 9:45 AM ET
| By Les Christie
Posted on 06/10/2011 12:14:57 PM PDT by DeaconBenjamin
click here to read article
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To: Larry Lucido
That is the wordt possible outcoke.
41
posted on
06/10/2011 2:14:03 PM PDT
by
Jonty30
To: DonaldC
|
"The point I was trying to make.." I understand your point. See my post number 21.
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To: magellan
loan approved=”predatory lending”
loan denied=”redlining”/ racism
43
posted on
06/10/2011 2:28:37 PM PDT
by
WOBBLY BOB
( "I don't want the majority if we don't stand for something"- Jim Demint)
To: JimSEA
For the bank, the property has dropped in value to the point that recovering it isn't worth their time My understanding was that banks were delaying foreclosure because, when they foreclose, they have to record the financial loss on their books. Until then, they are in mark to fantasy land.
44
posted on
06/10/2011 3:53:11 PM PDT
by
DeaconBenjamin
(A trillion here, a trillion there, soon you're NOT talking real money)
To: DeaconBenjamin
Makes a sort of perverse sense.
45
posted on
06/10/2011 3:59:23 PM PDT
by
JimSEA
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