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DaCounselor.
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December 30, 2007 at 7:43 AM #126609December 30, 2007 at 8:35 AM #126352
Bugs
ParticipantThe pricing of the credit is affected by the amount of perceived risks involved. Interest rates now are low because the risks are perceived to be low. If that investor perception changes as a result of abuses in the market, so too will the interest rates change.
Don’t kid yourselves; the abuses of the few will affect the many.
December 30, 2007 at 8:35 AM #126510ParticipantThe pricing of the credit is affected by the amount of perceived risks involved. Interest rates now are low because the risks are perceived to be low. If that investor perception changes as a result of abuses in the market, so too will the interest rates change.
Don’t kid yourselves; the abuses of the few will affect the many.
December 30, 2007 at 8:35 AM #126522ParticipantThe pricing of the credit is affected by the amount of perceived risks involved. Interest rates now are low because the risks are perceived to be low. If that investor perception changes as a result of abuses in the market, so too will the interest rates change.
Don’t kid yourselves; the abuses of the few will affect the many.
December 30, 2007 at 8:35 AM #126589ParticipantThe pricing of the credit is affected by the amount of perceived risks involved. Interest rates now are low because the risks are perceived to be low. If that investor perception changes as a result of abuses in the market, so too will the interest rates change.
Don’t kid yourselves; the abuses of the few will affect the many.
December 30, 2007 at 8:35 AM #126615ParticipantThe pricing of the credit is affected by the amount of perceived risks involved. Interest rates now are low because the risks are perceived to be low. If that investor perception changes as a result of abuses in the market, so too will the interest rates change.
Don’t kid yourselves; the abuses of the few will affect the many.
December 30, 2007 at 8:54 AM #126373Ex-SD
Participant“Don’t kid yourselves; the abuses of the few will affect the many”
Yep……Bugs, you are absolutely correct!
Personally, I think a guy who already has an $800k mortgage and is having troubles is going to have to jump through some pretty high hoops to qualify for another $500k mortgage at this time. The other house is already on his credit report and he’s going to have to tell some pretty big lies to explain why he needs another house in the same neighborhood while real estate values are falling like a rock. If he pulls this off and then lets the $800k mortgage foreclose, the long arm of the law may find out about it and then he’s toast. I’m so sick of these damned, white-collar crooks who make things worse for the people who try to live within the boundaries of the law. I hope the SOB gets clobbered!
December 30, 2007 at 8:54 AM #126530Participant“Don’t kid yourselves; the abuses of the few will affect the many”
Yep……Bugs, you are absolutely correct!
Personally, I think a guy who already has an $800k mortgage and is having troubles is going to have to jump through some pretty high hoops to qualify for another $500k mortgage at this time. The other house is already on his credit report and he’s going to have to tell some pretty big lies to explain why he needs another house in the same neighborhood while real estate values are falling like a rock. If he pulls this off and then lets the $800k mortgage foreclose, the long arm of the law may find out about it and then he’s toast. I’m so sick of these damned, white-collar crooks who make things worse for the people who try to live within the boundaries of the law. I hope the SOB gets clobbered!
December 30, 2007 at 8:54 AM #126542Participant“Don’t kid yourselves; the abuses of the few will affect the many”
Yep……Bugs, you are absolutely correct!
Personally, I think a guy who already has an $800k mortgage and is having troubles is going to have to jump through some pretty high hoops to qualify for another $500k mortgage at this time. The other house is already on his credit report and he’s going to have to tell some pretty big lies to explain why he needs another house in the same neighborhood while real estate values are falling like a rock. If he pulls this off and then lets the $800k mortgage foreclose, the long arm of the law may find out about it and then he’s toast. I’m so sick of these damned, white-collar crooks who make things worse for the people who try to live within the boundaries of the law. I hope the SOB gets clobbered!
December 30, 2007 at 8:54 AM #126610Participant“Don’t kid yourselves; the abuses of the few will affect the many”
Yep……Bugs, you are absolutely correct!
Personally, I think a guy who already has an $800k mortgage and is having troubles is going to have to jump through some pretty high hoops to qualify for another $500k mortgage at this time. The other house is already on his credit report and he’s going to have to tell some pretty big lies to explain why he needs another house in the same neighborhood while real estate values are falling like a rock. If he pulls this off and then lets the $800k mortgage foreclose, the long arm of the law may find out about it and then he’s toast. I’m so sick of these damned, white-collar crooks who make things worse for the people who try to live within the boundaries of the law. I hope the SOB gets clobbered!
December 30, 2007 at 8:54 AM #126635Participant“Don’t kid yourselves; the abuses of the few will affect the many”
Yep……Bugs, you are absolutely correct!
Personally, I think a guy who already has an $800k mortgage and is having troubles is going to have to jump through some pretty high hoops to qualify for another $500k mortgage at this time. The other house is already on his credit report and he’s going to have to tell some pretty big lies to explain why he needs another house in the same neighborhood while real estate values are falling like a rock. If he pulls this off and then lets the $800k mortgage foreclose, the long arm of the law may find out about it and then he’s toast. I’m so sick of these damned, white-collar crooks who make things worse for the people who try to live within the boundaries of the law. I hope the SOB gets clobbered!
December 30, 2007 at 9:35 AM #126383guitar187
ParticipantSince it’s Sunday, let me stir the pot a bit. 😉
Why should the borrower take ownership for the loss of value?
Does he not have a RIGHT to walk away as outlined in his note?Edit: Added sample note.
“the Note which this Mortgage secures is a non-recourse Note and such Note shall be enforced against Mortgagor only to the extent of Mortgagor’s interest in the Premises as described herein”
December 30, 2007 at 9:35 AM #126540ParticipantSince it’s Sunday, let me stir the pot a bit. 😉
Why should the borrower take ownership for the loss of value?
Does he not have a RIGHT to walk away as outlined in his note?Edit: Added sample note.
“the Note which this Mortgage secures is a non-recourse Note and such Note shall be enforced against Mortgagor only to the extent of Mortgagor’s interest in the Premises as described herein”
December 30, 2007 at 9:35 AM #126552ParticipantSince it’s Sunday, let me stir the pot a bit. 😉
Why should the borrower take ownership for the loss of value?
Does he not have a RIGHT to walk away as outlined in his note?Edit: Added sample note.
“the Note which this Mortgage secures is a non-recourse Note and such Note shall be enforced against Mortgagor only to the extent of Mortgagor’s interest in the Premises as described herein”
December 30, 2007 at 9:35 AM #126619ParticipantSince it’s Sunday, let me stir the pot a bit. 😉
Why should the borrower take ownership for the loss of value?
Does he not have a RIGHT to walk away as outlined in his note?Edit: Added sample note.
“the Note which this Mortgage secures is a non-recourse Note and such Note shall be enforced against Mortgagor only to the extent of Mortgagor’s interest in the Premises as described herein”
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