5 step Bailout Plan

[contraman]

1) Reject all attempts of your government to bail out the banks under the guise of catchy names like "Hope Now" and "Lifeline". Remind yourself that this is not to help you.I know hat's hard to believe…….

2) If you can't pay the mortgage or your home has lost a lot of equity and you are upside down, or (fill in the blank) then call the bank tell them you want to do a deed in lieu. If they say no, don't pay them anymore. Live rent and mortgage and property tax free for at least 8 to 9 months possibly a year in this market. Let them foreclose and you save all the money that would have went to the bank during that time for a first and last month's rent deposit for the rental you are going to need after the sheriff shows up. (Make sure you take the upgrades YOU PAID for before he shows up).

*The bank will have to pay the property tax as it is THEIR PROPERTY. It will not go on your credit report as a lien. If they don't pay, it will go to tax sale and they lose everything…..

3) Rent your new home that is twice as big for half the cost of owning a home..now that's smart thinking there…..for the next two years. I know…your thinking…I should have just done this before buying a bubble house in SD but then I couldn't have bought all those things with my CASH OUT REFINANCE. Decisions Decisions…..

4) Take the next two years to clean the credit and remove the foreclosure to position yourself to buy your same house back at…you guessed it…half the price……(removing foreclosure is one of the easiest to remove at this time).

5) Buy your house with easy financing again via artificially deflated rates by the FED and non regulated or monitored lending and do it all over again…….make sure you strip that equity again to buy a bunch of consumer goods to stimulate the economy…..and to keep up with Mr. Jones and his spoiled kids.

Man, you gotta love non recourse laws and Real Estate Cycles in CA.

I know this infuriates folks but none of these ACTIONS above by the BORROWER are ILLEGAL. They are the Rights of the Homeowner…..

Sincerely, Contraman

 

[contraman]

I almost forgot. If you are going to follow my 5 Step Plan be sure to consult with a good RE ATTORNEY and CPA for guidance….. 🙂

Sincerely, Contraman

[jpinpb]

Contra – All I can say is where the hell were you two years ago in my life.

I’ve been going about this ALL wrong. GRRRR.

[jpinpb]

Contra – All I can say is where the hell were you two years ago in my life.

I’ve been going about this ALL wrong. GRRRR.

[jpinpb]

Contra – All I can say is where the hell were you two years ago in my life.

I’ve been going about this ALL wrong. GRRRR.

[jpinpb]

Contra – All I can say is where the hell were you two years ago in my life.

I’ve been going about this ALL wrong. GRRRR.

[jpinpb]

Contra – All I can say is where the hell were you two years ago in my life.

I’ve been going about this ALL wrong. GRRRR.

[jpinpb]

Can you really remove a foreclosure in 2 years from your credit report? I thought that craps stays on for seven years.

[Sandi Egan]

To think I listened to all bears on this forum 3 years ago and missed such an opportunity… cr-rap!
Is it too late now? What can one do to get a 0-down 2/28 on a mcMansion these days?

[Sandi Egan]

To think I listened to all bears on this forum 3 years ago and missed such an opportunity… cr-rap!
Is it too late now? What can one do to get a 0-down 2/28 on a mcMansion these days?

[Sandi Egan]

To think I listened to all bears on this forum 3 years ago and missed such an opportunity… cr-rap!
Is it too late now? What can one do to get a 0-down 2/28 on a mcMansion these days?

[Sandi Egan]

To think I listened to all bears on this forum 3 years ago and missed such an opportunity… cr-rap!
Is it too late now? What can one do to get a 0-down 2/28 on a mcMansion these days?

[Sandi Egan]

To think I listened to all bears on this forum 3 years ago and missed such an opportunity… cr-rap!
Is it too late now? What can one do to get a 0-down 2/28 on a mcMansion these days?

[contraman]

Foreclosures are fairly easy to remove. Awhile back I underwent a certification for credit repair from a lady who has been working with celebs and sports figures for 18 years repairing and optimizing their credit. The stuff I learned about the credit industry, personal credit, and business credit was mind boggling. I was able to get my scores over 800 in a short period of time.

It is amazing that something so important as personal credit and how the system rewards and punishes a person is so misunderstood by the general public or not even understood at all. Hell, I would have rather taken this course in High School versus American History. John Adams can’t do a damn thing to help me now……

By the way, next time we cycle up in the market and the easy credit comes back..I will do loans for you guys on properties you can strip and default on because RE never goes down and everyone wants to live in San Diego…….you won’t even need a job to qualify….

Sincerely, Contraman

[patientrenter]

contraman, clearly you’re irritated by the shenanigans that borrowers engaged in, and the reaction of the “adults”, who are falling over themselves to prevent full punishment for the multitudes who enagaged in the shenanigans.

It is absolutely infuriating when people who were given very valuable and almost free put options on a housing asset now are portrayed as victims, and everyone is throwing money in their direction, pretending that it’s a rescue effort for the larger economy, “to help us all out”. It’s nothing but a selfish bailout for the people who took a risk and lost the bet.

All but the dumbest 1% of buyers, mortgage brokers, investors etc knew in their hearts exactly what was going on, that they were going to get rich if the markets kept going up at unsustainable rates for just a few more years. Now some realize the music has stopped and they lost the bet. And they don’t want to pay. Now they want to have someone else to pick up most of their tab, “in the interests of the greater economy”. And they are getting lots of help. BS.

OK, I’ve had my evening wine and am now finished my emotional rant. Back to figuring out how I can get a decent home of my own without paying an arm and a leg.

Patient renter in OC

[jpinpb]

Patient renter in OC – I haven’t been looking there, since I’m trying to buy a place in SD. But haven’t prices come down there? Probably you’re hoping to buy in a decent part of town, but I’ve seen some places come down here. Some places dowtown are nosediving off the top of their highrise. I’m sure there’s a way to go for everyone, but if I found a place I like that I can afford, I won’t wait. I’ve seen some places I want, but still too out of reach, made low offers on some bank owned and denied. What has been the situation in OC? Just curious.

[jpinpb]

Patient renter in OC – I haven’t been looking there, since I’m trying to buy a place in SD. But haven’t prices come down there? Probably you’re hoping to buy in a decent part of town, but I’ve seen some places come down here. Some places dowtown are nosediving off the top of their highrise. I’m sure there’s a way to go for everyone, but if I found a place I like that I can afford, I won’t wait. I’ve seen some places I want, but still too out of reach, made low offers on some bank owned and denied. What has been the situation in OC? Just curious.

[jpinpb]

Patient renter in OC – I haven’t been looking there, since I’m trying to buy a place in SD. But haven’t prices come down there? Probably you’re hoping to buy in a decent part of town, but I’ve seen some places come down here. Some places dowtown are nosediving off the top of their highrise. I’m sure there’s a way to go for everyone, but if I found a place I like that I can afford, I won’t wait. I’ve seen some places I want, but still too out of reach, made low offers on some bank owned and denied. What has been the situation in OC? Just curious.

[jpinpb]

Patient renter in OC – I haven’t been looking there, since I’m trying to buy a place in SD. But haven’t prices come down there? Probably you’re hoping to buy in a decent part of town, but I’ve seen some places come down here. Some places dowtown are nosediving off the top of their highrise. I’m sure there’s a way to go for everyone, but if I found a place I like that I can afford, I won’t wait. I’ve seen some places I want, but still too out of reach, made low offers on some bank owned and denied. What has been the situation in OC? Just curious.

[jpinpb]

Patient renter in OC – I haven’t been looking there, since I’m trying to buy a place in SD. But haven’t prices come down there? Probably you’re hoping to buy in a decent part of town, but I’ve seen some places come down here. Some places dowtown are nosediving off the top of their highrise. I’m sure there’s a way to go for everyone, but if I found a place I like that I can afford, I won’t wait. I’ve seen some places I want, but still too out of reach, made low offers on some bank owned and denied. What has been the situation in OC? Just curious.

[patientrenter]

contraman, clearly you’re irritated by the shenanigans that borrowers engaged in, and the reaction of the “adults”, who are falling over themselves to prevent full punishment for the multitudes who enagaged in the shenanigans.

It is absolutely infuriating when people who were given very valuable and almost free put options on a housing asset now are portrayed as victims, and everyone is throwing money in their direction, pretending that it’s a rescue effort for the larger economy, “to help us all out”. It’s nothing but a selfish bailout for the people who took a risk and lost the bet.

All but the dumbest 1% of buyers, mortgage brokers, investors etc knew in their hearts exactly what was going on, that they were going to get rich if the markets kept going up at unsustainable rates for just a few more years. Now some realize the music has stopped and they lost the bet. And they don’t want to pay. Now they want to have someone else to pick up most of their tab, “in the interests of the greater economy”. And they are getting lots of help. BS.

OK, I’ve had my evening wine and am now finished my emotional rant. Back to figuring out how I can get a decent home of my own without paying an arm and a leg.

Patient renter in OC

[patientrenter]

contraman, clearly you’re irritated by the shenanigans that borrowers engaged in, and the reaction of the “adults”, who are falling over themselves to prevent full punishment for the multitudes who enagaged in the shenanigans.

It is absolutely infuriating when people who were given very valuable and almost free put options on a housing asset now are portrayed as victims, and everyone is throwing money in their direction, pretending that it’s a rescue effort for the larger economy, “to help us all out”. It’s nothing but a selfish bailout for the people who took a risk and lost the bet.

All but the dumbest 1% of buyers, mortgage brokers, investors etc knew in their hearts exactly what was going on, that they were going to get rich if the markets kept going up at unsustainable rates for just a few more years. Now some realize the music has stopped and they lost the bet. And they don’t want to pay. Now they want to have someone else to pick up most of their tab, “in the interests of the greater economy”. And they are getting lots of help. BS.

OK, I’ve had my evening wine and am now finished my emotional rant. Back to figuring out how I can get a decent home of my own without paying an arm and a leg.

Patient renter in OC

[patientrenter]

contraman, clearly you’re irritated by the shenanigans that borrowers engaged in, and the reaction of the “adults”, who are falling over themselves to prevent full punishment for the multitudes who enagaged in the shenanigans.

It is absolutely infuriating when people who were given very valuable and almost free put options on a housing asset now are portrayed as victims, and everyone is throwing money in their direction, pretending that it’s a rescue effort for the larger economy, “to help us all out”. It’s nothing but a selfish bailout for the people who took a risk and lost the bet.

All but the dumbest 1% of buyers, mortgage brokers, investors etc knew in their hearts exactly what was going on, that they were going to get rich if the markets kept going up at unsustainable rates for just a few more years. Now some realize the music has stopped and they lost the bet. And they don’t want to pay. Now they want to have someone else to pick up most of their tab, “in the interests of the greater economy”. And they are getting lots of help. BS.

OK, I’ve had my evening wine and am now finished my emotional rant. Back to figuring out how I can get a decent home of my own without paying an arm and a leg.

Patient renter in OC

[patientrenter]

contraman, clearly you’re irritated by the shenanigans that borrowers engaged in, and the reaction of the “adults”, who are falling over themselves to prevent full punishment for the multitudes who enagaged in the shenanigans.

It is absolutely infuriating when people who were given very valuable and almost free put options on a housing asset now are portrayed as victims, and everyone is throwing money in their direction, pretending that it’s a rescue effort for the larger economy, “to help us all out”. It’s nothing but a selfish bailout for the people who took a risk and lost the bet.

All but the dumbest 1% of buyers, mortgage brokers, investors etc knew in their hearts exactly what was going on, that they were going to get rich if the markets kept going up at unsustainable rates for just a few more years. Now some realize the music has stopped and they lost the bet. And they don’t want to pay. Now they want to have someone else to pick up most of their tab, “in the interests of the greater economy”. And they are getting lots of help. BS.

OK, I’ve had my evening wine and am now finished my emotional rant. Back to figuring out how I can get a decent home of my own without paying an arm and a leg.

Patient renter in OC

[contraman]

Foreclosures are fairly easy to remove. Awhile back I underwent a certification for credit repair from a lady who has been working with celebs and sports figures for 18 years repairing and optimizing their credit. The stuff I learned about the credit industry, personal credit, and business credit was mind boggling. I was able to get my scores over 800 in a short period of time.

It is amazing that something so important as personal credit and how the system rewards and punishes a person is so misunderstood by the general public or not even understood at all. Hell, I would have rather taken this course in High School versus American History. John Adams can’t do a damn thing to help me now……

By the way, next time we cycle up in the market and the easy credit comes back..I will do loans for you guys on properties you can strip and default on because RE never goes down and everyone wants to live in San Diego…….you won’t even need a job to qualify….

Sincerely, Contraman

[contraman]

Foreclosures are fairly easy to remove. Awhile back I underwent a certification for credit repair from a lady who has been working with celebs and sports figures for 18 years repairing and optimizing their credit. The stuff I learned about the credit industry, personal credit, and business credit was mind boggling. I was able to get my scores over 800 in a short period of time.

It is amazing that something so important as personal credit and how the system rewards and punishes a person is so misunderstood by the general public or not even understood at all. Hell, I would have rather taken this course in High School versus American History. John Adams can’t do a damn thing to help me now……

By the way, next time we cycle up in the market and the easy credit comes back..I will do loans for you guys on properties you can strip and default on because RE never goes down and everyone wants to live in San Diego…….you won’t even need a job to qualify….

Sincerely, Contraman

[contraman]

Foreclosures are fairly easy to remove. Awhile back I underwent a certification for credit repair from a lady who has been working with celebs and sports figures for 18 years repairing and optimizing their credit. The stuff I learned about the credit industry, personal credit, and business credit was mind boggling. I was able to get my scores over 800 in a short period of time.

It is amazing that something so important as personal credit and how the system rewards and punishes a person is so misunderstood by the general public or not even understood at all. Hell, I would have rather taken this course in High School versus American History. John Adams can’t do a damn thing to help me now……

By the way, next time we cycle up in the market and the easy credit comes back..I will do loans for you guys on properties you can strip and default on because RE never goes down and everyone wants to live in San Diego…….you won’t even need a job to qualify….

Sincerely, Contraman

[contraman]

Foreclosures are fairly easy to remove. Awhile back I underwent a certification for credit repair from a lady who has been working with celebs and sports figures for 18 years repairing and optimizing their credit. The stuff I learned about the credit industry, personal credit, and business credit was mind boggling. I was able to get my scores over 800 in a short period of time.

It is amazing that something so important as personal credit and how the system rewards and punishes a person is so misunderstood by the general public or not even understood at all. Hell, I would have rather taken this course in High School versus American History. John Adams can’t do a damn thing to help me now……

By the way, next time we cycle up in the market and the easy credit comes back..I will do loans for you guys on properties you can strip and default on because RE never goes down and everyone wants to live in San Diego…….you won’t even need a job to qualify….

Sincerely, Contraman

[jpinpb]

Can you really remove a foreclosure in 2 years from your credit report? I thought that craps stays on for seven years.

[jpinpb]

Can you really remove a foreclosure in 2 years from your credit report? I thought that craps stays on for seven years.

[jpinpb]

Can you really remove a foreclosure in 2 years from your credit report? I thought that craps stays on for seven years.

[jpinpb]

Can you really remove a foreclosure in 2 years from your credit report? I thought that craps stays on for seven years.

[contraman]

I almost forgot. If you are going to follow my 5 Step Plan be sure to consult with a good RE ATTORNEY and CPA for guidance….. 🙂

Sincerely, Contraman

[contraman]

I almost forgot. If you are going to follow my 5 Step Plan be sure to consult with a good RE ATTORNEY and CPA for guidance….. 🙂

Sincerely, Contraman

[contraman]

I almost forgot. If you are going to follow my 5 Step Plan be sure to consult with a good RE ATTORNEY and CPA for guidance….. 🙂

Sincerely, Contraman

[contraman]

I almost forgot. If you are going to follow my 5 Step Plan be sure to consult with a good RE ATTORNEY and CPA for guidance….. 🙂

Sincerely, Contraman

[kewp]

…..make sure you strip that equity again to buy a bunch of consumer goods to stimulate the economy…

Uh, home equity loans are recourse and you will have to pay them back. I bet a bunch of the walkers are going to find that out the hard way…

[contraman]

Kewp,

Your right. All these banks are going to spend millions more (that they don’t have) on expensive “judicial foreclosures” to try to get judgments against 90% of people who are foreclosing.

Then after this expensive pursuit, they get the judgment against a person who a) can’t pay the judgment b)will most likely Bk out of the judgment.

Kewp, don’t kid yourself. Go read the RE laws online about the process taken by a bank to have to get one of these judgments….it’s all about the money for these banks….it costs too much versus trustee sale….too risky….

I know you don’t like to hear this but it’s the way the cookie crumbles….

Sincerely, Contraman

[kewp]

Then after this expensive pursuit, they get the judgment against a person who a) can’t pay the judgment b)will most likely Bk out of the judgment.

Thanks to Bush, bankruptcies ain’t what they used to be. Its much, much harder to get out from under debt than it used to be.

[contraman]

Kewp, Please fill me in on the “specific” BK law changes and why it is “harder these days”.

Please show me in the new BK law the place where a person cannot BK a deficiency judgment.

It’s easy to just say it’s harder these days…but that doesn’t mean it is impossible or that people aren’t doing it with good attorneys……

It’s easy to just say that people who refinanced and cashed out will have to pay the banks back…but the REALITY is…..it ain’t so…..

Sincerely, Contraman

[kewp]

The Bush bankruptcy bill…

http://money.cnn.com/2005/04/20/pf/bankruptcy_bill/index.htm

It would appear to me that its more difficult to get out from beneath consumer debt nowadays.

You may be right and I may be wrong, I guess we shall see!

[kewp]

The Bush bankruptcy bill…

http://money.cnn.com/2005/04/20/pf/bankruptcy_bill/index.htm

It would appear to me that its more difficult to get out from beneath consumer debt nowadays.

You may be right and I may be wrong, I guess we shall see!

[kewp]

The Bush bankruptcy bill…

http://money.cnn.com/2005/04/20/pf/bankruptcy_bill/index.htm

It would appear to me that its more difficult to get out from beneath consumer debt nowadays.

You may be right and I may be wrong, I guess we shall see!

[kewp]

The Bush bankruptcy bill…

http://money.cnn.com/2005/04/20/pf/bankruptcy_bill/index.htm

It would appear to me that its more difficult to get out from beneath consumer debt nowadays.

You may be right and I may be wrong, I guess we shall see!

[kewp]

The Bush bankruptcy bill…

http://money.cnn.com/2005/04/20/pf/bankruptcy_bill/index.htm

It would appear to me that its more difficult to get out from beneath consumer debt nowadays.

You may be right and I may be wrong, I guess we shall see!

[bradford]

Contraman,
Quick question I am trying to repair my credit wanted to see if you had someone I could contact. It sounds like you have a pretty good handle on it and have done this in the past.
Thanks

[bradford]

Contraman,
Quick question I am trying to repair my credit wanted to see if you had someone I could contact. It sounds like you have a pretty good handle on it and have done this in the past.
Thanks

[bradford]

Contraman,
Quick question I am trying to repair my credit wanted to see if you had someone I could contact. It sounds like you have a pretty good handle on it and have done this in the past.
Thanks

[bradford]

Contraman,
Quick question I am trying to repair my credit wanted to see if you had someone I could contact. It sounds like you have a pretty good handle on it and have done this in the past.
Thanks

[bradford]

Contraman,
Quick question I am trying to repair my credit wanted to see if you had someone I could contact. It sounds like you have a pretty good handle on it and have done this in the past.
Thanks

[contraman]

Kewp, Please fill me in on the “specific” BK law changes and why it is “harder these days”.

Please show me in the new BK law the place where a person cannot BK a deficiency judgment.

It’s easy to just say it’s harder these days…but that doesn’t mean it is impossible or that people aren’t doing it with good attorneys……

It’s easy to just say that people who refinanced and cashed out will have to pay the banks back…but the REALITY is…..it ain’t so…..

Sincerely, Contraman

[contraman]

Kewp, Please fill me in on the “specific” BK law changes and why it is “harder these days”.

Please show me in the new BK law the place where a person cannot BK a deficiency judgment.

It’s easy to just say it’s harder these days…but that doesn’t mean it is impossible or that people aren’t doing it with good attorneys……

It’s easy to just say that people who refinanced and cashed out will have to pay the banks back…but the REALITY is…..it ain’t so…..

Sincerely, Contraman

[contraman]

Kewp, Please fill me in on the “specific” BK law changes and why it is “harder these days”.

Please show me in the new BK law the place where a person cannot BK a deficiency judgment.

It’s easy to just say it’s harder these days…but that doesn’t mean it is impossible or that people aren’t doing it with good attorneys……

It’s easy to just say that people who refinanced and cashed out will have to pay the banks back…but the REALITY is…..it ain’t so…..

Sincerely, Contraman

[contraman]

Kewp, Please fill me in on the “specific” BK law changes and why it is “harder these days”.

Please show me in the new BK law the place where a person cannot BK a deficiency judgment.

It’s easy to just say it’s harder these days…but that doesn’t mean it is impossible or that people aren’t doing it with good attorneys……

It’s easy to just say that people who refinanced and cashed out will have to pay the banks back…but the REALITY is…..it ain’t so…..

Sincerely, Contraman

[kewp]

Then after this expensive pursuit, they get the judgment against a person who a) can’t pay the judgment b)will most likely Bk out of the judgment.

Thanks to Bush, bankruptcies ain’t what they used to be. Its much, much harder to get out from under debt than it used to be.

[kewp]

Then after this expensive pursuit, they get the judgment against a person who a) can’t pay the judgment b)will most likely Bk out of the judgment.

Thanks to Bush, bankruptcies ain’t what they used to be. Its much, much harder to get out from under debt than it used to be.

[kewp]

Then after this expensive pursuit, they get the judgment against a person who a) can’t pay the judgment b)will most likely Bk out of the judgment.

Thanks to Bush, bankruptcies ain’t what they used to be. Its much, much harder to get out from under debt than it used to be.

[kewp]

Then after this expensive pursuit, they get the judgment against a person who a) can’t pay the judgment b)will most likely Bk out of the judgment.

Thanks to Bush, bankruptcies ain’t what they used to be. Its much, much harder to get out from under debt than it used to be.

[cr]

The fatal flaw of this plan is not in the plan itself, but that it’s only relevant to people who were too dumb to understand what they could or could not afford when buying a house in the first place, and in most used cases the worst possible form of financing.

Your advice, troubling as it may be to honest money savers, and people live within their means is the same type of advice these people ignored when buying in the first place.

These people won’t save money they would otherwise put towards a mortgage if they stop paying, they’ll spend it. And credit card debt doesn’t go away after 2 years.

[cr]

The fatal flaw of this plan is not in the plan itself, but that it’s only relevant to people who were too dumb to understand what they could or could not afford when buying a house in the first place, and in most used cases the worst possible form of financing.

Your advice, troubling as it may be to honest money savers, and people live within their means is the same type of advice these people ignored when buying in the first place.

These people won’t save money they would otherwise put towards a mortgage if they stop paying, they’ll spend it. And credit card debt doesn’t go away after 2 years.

[cr]

The fatal flaw of this plan is not in the plan itself, but that it’s only relevant to people who were too dumb to understand what they could or could not afford when buying a house in the first place, and in most used cases the worst possible form of financing.

Your advice, troubling as it may be to honest money savers, and people live within their means is the same type of advice these people ignored when buying in the first place.

These people won’t save money they would otherwise put towards a mortgage if they stop paying, they’ll spend it. And credit card debt doesn’t go away after 2 years.

[cr]

The fatal flaw of this plan is not in the plan itself, but that it’s only relevant to people who were too dumb to understand what they could or could not afford when buying a house in the first place, and in most used cases the worst possible form of financing.

Your advice, troubling as it may be to honest money savers, and people live within their means is the same type of advice these people ignored when buying in the first place.

These people won’t save money they would otherwise put towards a mortgage if they stop paying, they’ll spend it. And credit card debt doesn’t go away after 2 years.

[cr]

The fatal flaw of this plan is not in the plan itself, but that it’s only relevant to people who were too dumb to understand what they could or could not afford when buying a house in the first place, and in most used cases the worst possible form of financing.

Your advice, troubling as it may be to honest money savers, and people live within their means is the same type of advice these people ignored when buying in the first place.

These people won’t save money they would otherwise put towards a mortgage if they stop paying, they’ll spend it. And credit card debt doesn’t go away after 2 years.

[contraman]

Kewp,

Your right. All these banks are going to spend millions more (that they don’t have) on expensive “judicial foreclosures” to try to get judgments against 90% of people who are foreclosing.

Then after this expensive pursuit, they get the judgment against a person who a) can’t pay the judgment b)will most likely Bk out of the judgment.

Kewp, don’t kid yourself. Go read the RE laws online about the process taken by a bank to have to get one of these judgments….it’s all about the money for these banks….it costs too much versus trustee sale….too risky….

I know you don’t like to hear this but it’s the way the cookie crumbles….

Sincerely, Contraman

[contraman]

Kewp,

Your right. All these banks are going to spend millions more (that they don’t have) on expensive “judicial foreclosures” to try to get judgments against 90% of people who are foreclosing.

Then after this expensive pursuit, they get the judgment against a person who a) can’t pay the judgment b)will most likely Bk out of the judgment.

Kewp, don’t kid yourself. Go read the RE laws online about the process taken by a bank to have to get one of these judgments….it’s all about the money for these banks….it costs too much versus trustee sale….too risky….

I know you don’t like to hear this but it’s the way the cookie crumbles….

Sincerely, Contraman

[contraman]

Kewp,

Your right. All these banks are going to spend millions more (that they don’t have) on expensive “judicial foreclosures” to try to get judgments against 90% of people who are foreclosing.

Then after this expensive pursuit, they get the judgment against a person who a) can’t pay the judgment b)will most likely Bk out of the judgment.

Kewp, don’t kid yourself. Go read the RE laws online about the process taken by a bank to have to get one of these judgments….it’s all about the money for these banks….it costs too much versus trustee sale….too risky….

I know you don’t like to hear this but it’s the way the cookie crumbles….

Sincerely, Contraman

[contraman]

Kewp,

Your right. All these banks are going to spend millions more (that they don’t have) on expensive “judicial foreclosures” to try to get judgments against 90% of people who are foreclosing.

Then after this expensive pursuit, they get the judgment against a person who a) can’t pay the judgment b)will most likely Bk out of the judgment.

Kewp, don’t kid yourself. Go read the RE laws online about the process taken by a bank to have to get one of these judgments….it’s all about the money for these banks….it costs too much versus trustee sale….too risky….

I know you don’t like to hear this but it’s the way the cookie crumbles….

Sincerely, Contraman

[kewp]

…..make sure you strip that equity again to buy a bunch of consumer goods to stimulate the economy…

Uh, home equity loans are recourse and you will have to pay them back. I bet a bunch of the walkers are going to find that out the hard way…

[kewp]

…..make sure you strip that equity again to buy a bunch of consumer goods to stimulate the economy…

Uh, home equity loans are recourse and you will have to pay them back. I bet a bunch of the walkers are going to find that out the hard way…

[kewp]

…..make sure you strip that equity again to buy a bunch of consumer goods to stimulate the economy…

Uh, home equity loans are recourse and you will have to pay them back. I bet a bunch of the walkers are going to find that out the hard way…

[kewp]

…..make sure you strip that equity again to buy a bunch of consumer goods to stimulate the economy…

Uh, home equity loans are recourse and you will have to pay them back. I bet a bunch of the walkers are going to find that out the hard way…

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