Banks lose important ruling on foreclosures

[SD Realtor]

Very nice post GH. I agree completely. Once that court sells the home the money can be held in an escrow acct to determine how much goes to the investors, which investors it goes to, and if the servicing agency should get anything.

[sdrealtor]

Of course you do

[sdrealtor]

Of course you do

[sdrealtor]

Of course you do

[sdrealtor]

Of course you do

[sdrealtor]

Of course you do

[Diego Mamani]

This is bad news! What we have here, essentially, are deadbeats (“FBs”) being protected by the courts based on a technicality.

This ruling is simply more of the “deny and delay” approach that politicians on both sides of the aisle seem to prefer. The result is that prices will remain artificially inflated for a bit longer. Banks will incur higher costs which will make credit more costly. Good grief!

So now we have the Judiciary, in addition to the Executive, interfering with the free market system. Don’t they realize that postponing the inevitable will only make the pill more bitter to swallow?

[Diego Mamani]

This is bad news! What we have here, essentially, are deadbeats (“FBs”) being protected by the courts based on a technicality.

This ruling is simply more of the “deny and delay” approach that politicians on both sides of the aisle seem to prefer. The result is that prices will remain artificially inflated for a bit longer. Banks will incur higher costs which will make credit more costly. Good grief!

So now we have the Judiciary, in addition to the Executive, interfering with the free market system. Don’t they realize that postponing the inevitable will only make the pill more bitter to swallow?

[Diego Mamani]

This is bad news! What we have here, essentially, are deadbeats (“FBs”) being protected by the courts based on a technicality.

This ruling is simply more of the “deny and delay” approach that politicians on both sides of the aisle seem to prefer. The result is that prices will remain artificially inflated for a bit longer. Banks will incur higher costs which will make credit more costly. Good grief!

So now we have the Judiciary, in addition to the Executive, interfering with the free market system. Don’t they realize that postponing the inevitable will only make the pill more bitter to swallow?

[Diego Mamani]

This is bad news! What we have here, essentially, are deadbeats (“FBs”) being protected by the courts based on a technicality.

This ruling is simply more of the “deny and delay” approach that politicians on both sides of the aisle seem to prefer. The result is that prices will remain artificially inflated for a bit longer. Banks will incur higher costs which will make credit more costly. Good grief!

So now we have the Judiciary, in addition to the Executive, interfering with the free market system. Don’t they realize that postponing the inevitable will only make the pill more bitter to swallow?

[Diego Mamani]

This is bad news! What we have here, essentially, are deadbeats (“FBs”) being protected by the courts based on a technicality.

This ruling is simply more of the “deny and delay” approach that politicians on both sides of the aisle seem to prefer. The result is that prices will remain artificially inflated for a bit longer. Banks will incur higher costs which will make credit more costly. Good grief!

So now we have the Judiciary, in addition to the Executive, interfering with the free market system. Don’t they realize that postponing the inevitable will only make the pill more bitter to swallow?

[patb]

[quote=Diego Mamani]This is bad news! What we have here, essentially, are deadbeats (“FBs”) being protected by the courts based on a technicality.

[/quote]

actually what’s happened is the banks have damaged their security interests.

All it means is that this is now unsecured credit.
If people decalre bankruptcy they can do a
cramdown.

the foreeclosures aren’t worth much in most markets.

[patb]

[quote=Diego Mamani]This is bad news! What we have here, essentially, are deadbeats (“FBs”) being protected by the courts based on a technicality.

[/quote]

actually what’s happened is the banks have damaged their security interests.

All it means is that this is now unsecured credit.
If people decalre bankruptcy they can do a
cramdown.

the foreeclosures aren’t worth much in most markets.

[patb]

[quote=Diego Mamani]This is bad news! What we have here, essentially, are deadbeats (“FBs”) being protected by the courts based on a technicality.

[/quote]

actually what’s happened is the banks have damaged their security interests.

All it means is that this is now unsecured credit.
If people decalre bankruptcy they can do a
cramdown.

the foreeclosures aren’t worth much in most markets.

[patb]

[quote=Diego Mamani]This is bad news! What we have here, essentially, are deadbeats (“FBs”) being protected by the courts based on a technicality.

[/quote]

actually what’s happened is the banks have damaged their security interests.

All it means is that this is now unsecured credit.
If people decalre bankruptcy they can do a
cramdown.

the foreeclosures aren’t worth much in most markets.

[Author]

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