Nor_LA-Temcu-SD-Guy

“The lenders were NOT HAPPY with the prices they got and were testing this out. Doing it again is not a given for them.”

I was not happy with the prices either but for a different reason..

Maybe those lenders are just trying to put a good face on a bad lending (Bad business) decision ??

after all they got to find some way to pass the buck, Could not be that they just lent too much out for too little RE .