Report shows strategic defaults increasing

[Arraya]

I don’t think the slot machine is a good analogy because you know damn well you would get shut down if caught. Whereas a strategic defaulter is out in the open and known that people are not paying and waiting to be kicked out per contract.

It’s really not a grey area legally. The house is his until the bank takes it back, period.
.

[briansd1]

[quote=Arraya]

It’s really not a grey area legally. The house is his until the banks take it back.

.[/quote]

I actually agree with Arraya on this one.

The house belongs to the homeowner until the bank takes it. I don’t see why SD Realtor would want the homeowner to abandon his own house and go rent. Makes no sense at all.

We should not conflate the issues. House ownership is separate from the loan.

The house is the collateral.

The ball is in the bank’s court. The homeowner has nothing to do with the bank’s action or non-action.

[briansd1]

[quote=Arraya]

It’s really not a grey area legally. The house is his until the banks take it back.

.[/quote]

I actually agree with Arraya on this one.

The house belongs to the homeowner until the bank takes it. I don’t see why SD Realtor would want the homeowner to abandon his own house and go rent. Makes no sense at all.

We should not conflate the issues. House ownership is separate from the loan.

The house is the collateral.

The ball is in the bank’s court. The homeowner has nothing to do with the bank’s action or non-action.

[briansd1]

[quote=Arraya]

It’s really not a grey area legally. The house is his until the banks take it back.

.[/quote]

I actually agree with Arraya on this one.

The house belongs to the homeowner until the bank takes it. I don’t see why SD Realtor would want the homeowner to abandon his own house and go rent. Makes no sense at all.

We should not conflate the issues. House ownership is separate from the loan.

The house is the collateral.

The ball is in the bank’s court. The homeowner has nothing to do with the bank’s action or non-action.

[briansd1]

[quote=Arraya]

It’s really not a grey area legally. The house is his until the banks take it back.

.[/quote]

I actually agree with Arraya on this one.

The house belongs to the homeowner until the bank takes it. I don’t see why SD Realtor would want the homeowner to abandon his own house and go rent. Makes no sense at all.

We should not conflate the issues. House ownership is separate from the loan.

The house is the collateral.

The ball is in the bank’s court. The homeowner has nothing to do with the bank’s action or non-action.

[briansd1]

[quote=Arraya]

It’s really not a grey area legally. The house is his until the banks take it back.

.[/quote]

I actually agree with Arraya on this one.

The house belongs to the homeowner until the bank takes it. I don’t see why SD Realtor would want the homeowner to abandon his own house and go rent. Makes no sense at all.

We should not conflate the issues. House ownership is separate from the loan.

The house is the collateral.

The ball is in the bank’s court. The homeowner has nothing to do with the bank’s action or non-action.

[jpinpb]

[quote=briansd1]The house belongs to the homeowner until the bank takes it. I don’t see why SD Realtor would want the homeowner to abandon his own house and go rent. Makes no sense at all.
[/quote]

brian – don’t you think if the house were empty, the bank would act quicker? They legally become the owners and are responsible for things such as taxes, HOA, MR, maintaining the property so they don’t get fined by the city, etc.

[jpinpb]

[quote=briansd1]The house belongs to the homeowner until the bank takes it. I don’t see why SD Realtor would want the homeowner to abandon his own house and go rent. Makes no sense at all.
[/quote]

brian – don’t you think if the house were empty, the bank would act quicker? They legally become the owners and are responsible for things such as taxes, HOA, MR, maintaining the property so they don’t get fined by the city, etc.

[jpinpb]

[quote=briansd1]The house belongs to the homeowner until the bank takes it. I don’t see why SD Realtor would want the homeowner to abandon his own house and go rent. Makes no sense at all.
[/quote]

brian – don’t you think if the house were empty, the bank would act quicker? They legally become the owners and are responsible for things such as taxes, HOA, MR, maintaining the property so they don’t get fined by the city, etc.

[jpinpb]

[quote=briansd1]The house belongs to the homeowner until the bank takes it. I don’t see why SD Realtor would want the homeowner to abandon his own house and go rent. Makes no sense at all.
[/quote]

brian – don’t you think if the house were empty, the bank would act quicker? They legally become the owners and are responsible for things such as taxes, HOA, MR, maintaining the property so they don’t get fined by the city, etc.

[jpinpb]

[quote=briansd1]The house belongs to the homeowner until the bank takes it. I don’t see why SD Realtor would want the homeowner to abandon his own house and go rent. Makes no sense at all.
[/quote]

brian – don’t you think if the house were empty, the bank would act quicker? They legally become the owners and are responsible for things such as taxes, HOA, MR, maintaining the property so they don’t get fined by the city, etc.

[Arraya]

Do they legally become the owner and or act quickly? That seems to be an assumption.

[Arraya]

Do they legally become the owner and or act quickly? That seems to be an assumption.

[Arraya]

Do they legally become the owner and or act quickly? That seems to be an assumption.

[Arraya]

Do they legally become the owner and or act quickly? That seems to be an assumption.

[Author]

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