- This topic has 5 replies, 2 voices, and was last updated 16 years, 5 months ago by
DaCounselor.
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March 27, 2008 at 4:29 AM #12261March 27, 2008 at 4:14 PM #177265
DaCounselor
ParticipantThis game of chicken is going to be played over and over again. I expect a growing secondary market for recourse Heloc judgments. I’m curious what the typical cents-on-the-dollar purchase prices will be.
I would not be surprised to also see non-recourse 2nds/Helocs play hardball with borrowers at the outset, but at the end of the day these lenders are going to have to cave. Many are looking at total losses.
March 27, 2008 at 4:14 PM #177616DaCounselor
ParticipantThis game of chicken is going to be played over and over again. I expect a growing secondary market for recourse Heloc judgments. I’m curious what the typical cents-on-the-dollar purchase prices will be.
I would not be surprised to also see non-recourse 2nds/Helocs play hardball with borrowers at the outset, but at the end of the day these lenders are going to have to cave. Many are looking at total losses.
March 27, 2008 at 4:14 PM #177624DaCounselor
ParticipantThis game of chicken is going to be played over and over again. I expect a growing secondary market for recourse Heloc judgments. I’m curious what the typical cents-on-the-dollar purchase prices will be.
I would not be surprised to also see non-recourse 2nds/Helocs play hardball with borrowers at the outset, but at the end of the day these lenders are going to have to cave. Many are looking at total losses.
March 27, 2008 at 4:14 PM #177630DaCounselor
ParticipantThis game of chicken is going to be played over and over again. I expect a growing secondary market for recourse Heloc judgments. I’m curious what the typical cents-on-the-dollar purchase prices will be.
I would not be surprised to also see non-recourse 2nds/Helocs play hardball with borrowers at the outset, but at the end of the day these lenders are going to have to cave. Many are looking at total losses.
March 27, 2008 at 4:14 PM #177717DaCounselor
ParticipantThis game of chicken is going to be played over and over again. I expect a growing secondary market for recourse Heloc judgments. I’m curious what the typical cents-on-the-dollar purchase prices will be.
I would not be surprised to also see non-recourse 2nds/Helocs play hardball with borrowers at the outset, but at the end of the day these lenders are going to have to cave. Many are looking at total losses.
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