[quote=Nor-LA-SD-GUY2]Yea, BUT We are not getting more money, we the tax payers are PAYING THEM the difference.
Where do you think the CEO gets 5 million a year ?[/quote]
Are we paying them *less* if we foreclose in a timely manner vs. what would have been lost if they allowed the deadbeats to stay in the house, allowing the property to further deteriorate? Prices are still going down; we will end up losing more money the longer we wait. If we had allowed everyone to foreclose in a timely manner, we would have saved more money and prevented more foreclosures — many people have stopped paying simply because nobody else is paying…moral hazard and all that.
