Obama May Prohibit Home-Loan Foreclosures Without HAMP Review

[Huckleberry]

Now, help me to figure out what the implications and unintended consequences of this might be.

Wouldn’t this just motivate the lenders and to start processing foreclosures faster (before the proposal is passed), so as to avoid having their assets locked up in gov’t. red tape indefinitely?

And if it does pass, wouldn’t this just allow people to live for free in the banks homes much longer?

I just see this as another postponement (can kicking) strategy…

Other thoughts?

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahuuwBS8KYq8

[SD Realtor]

Huckleberry the implications of this are very very bad for people who want more inventory on the market.

In short the answers to your questions are yes, yes, and yes.

[SD Realtor]

Huckleberry the implications of this are very very bad for people who want more inventory on the market.

In short the answers to your questions are yes, yes, and yes.

[SD Realtor]

Huckleberry the implications of this are very very bad for people who want more inventory on the market.

In short the answers to your questions are yes, yes, and yes.

[SD Realtor]

Huckleberry the implications of this are very very bad for people who want more inventory on the market.

In short the answers to your questions are yes, yes, and yes.

[SD Realtor]

Huckleberry the implications of this are very very bad for people who want more inventory on the market.

In short the answers to your questions are yes, yes, and yes.

[Arraya]

Boy SDR, you have a lot of faith in the government manipulating markets with their track record. If I remember correctly the bubble was unforeseeable. To me it’s easy to see that this scheme has a tragic end point.

With an expected 4.5 million foreclosures, it’s easy to see why they are doing this. The banks can’t afford it. This is people being screened to see if they really need to be foreclosed upon. Need to keep as many people paying as possible. Im sure strategic defaulters will be emotionally manipulated to not default.

Of course this is a desperation move. This is the bargaining stage of the kubler- ross grief cycle on a mass scale.

[Arraya]

Boy SDR, you have a lot of faith in the government manipulating markets with their track record. If I remember correctly the bubble was unforeseeable. To me it’s easy to see that this scheme has a tragic end point.

With an expected 4.5 million foreclosures, it’s easy to see why they are doing this. The banks can’t afford it. This is people being screened to see if they really need to be foreclosed upon. Need to keep as many people paying as possible. Im sure strategic defaulters will be emotionally manipulated to not default.

Of course this is a desperation move. This is the bargaining stage of the kubler- ross grief cycle on a mass scale.

[Arraya]

Boy SDR, you have a lot of faith in the government manipulating markets with their track record. If I remember correctly the bubble was unforeseeable. To me it’s easy to see that this scheme has a tragic end point.

With an expected 4.5 million foreclosures, it’s easy to see why they are doing this. The banks can’t afford it. This is people being screened to see if they really need to be foreclosed upon. Need to keep as many people paying as possible. Im sure strategic defaulters will be emotionally manipulated to not default.

Of course this is a desperation move. This is the bargaining stage of the kubler- ross grief cycle on a mass scale.

[Arraya]

Boy SDR, you have a lot of faith in the government manipulating markets with their track record. If I remember correctly the bubble was unforeseeable. To me it’s easy to see that this scheme has a tragic end point.

With an expected 4.5 million foreclosures, it’s easy to see why they are doing this. The banks can’t afford it. This is people being screened to see if they really need to be foreclosed upon. Need to keep as many people paying as possible. Im sure strategic defaulters will be emotionally manipulated to not default.

Of course this is a desperation move. This is the bargaining stage of the kubler- ross grief cycle on a mass scale.

[Arraya]

Boy SDR, you have a lot of faith in the government manipulating markets with their track record. If I remember correctly the bubble was unforeseeable. To me it’s easy to see that this scheme has a tragic end point.

With an expected 4.5 million foreclosures, it’s easy to see why they are doing this. The banks can’t afford it. This is people being screened to see if they really need to be foreclosed upon. Need to keep as many people paying as possible. Im sure strategic defaulters will be emotionally manipulated to not default.

Of course this is a desperation move. This is the bargaining stage of the kubler- ross grief cycle on a mass scale.

[all]

This is more than a week old. I guess it is not news until Matt says it’s news.

[all]

This is more than a week old. I guess it is not news until Matt says it’s news.

[all]

This is more than a week old. I guess it is not news until Matt says it’s news.

[all]

This is more than a week old. I guess it is not news until Matt says it’s news.

[Author]

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