RollingStone: Matt Taibbi: Courts Helping Banks Screw Over Homeowners

[Casca]

Exactly Perma, to make a deal it takes two parties acting in good faith. As soon as one party starts acting in bad faith, there is no bargain. We’re a nation rife with knaves to whom a contract, let alone a handshake or one’s word, is meaningless.

Funny thing is I live in Jacksonville now. For a pittance I have an elegant penthouse condo on the river just steps from the Club Continental. I miss my California friends, but I’ll be back after the economic collapse.

[scaredyclassic]

Breaching a contract is not acting in “bad faith” Law professors talk about the theory of “efficinet breach”. The law doesn’t anticipate people sticking with contracts that would be more efficient to breach. Efficient breach has been going on for hundreds of years int he world of contractual obligations. Handshakes may be as enforceable as written contracts under certain circumstances. Handshake deals have also be breached to increase efficiency since people have started shaking hands.

[scaredyclassic]

Breaching a contract is not acting in “bad faith” Law professors talk about the theory of “efficinet breach”. The law doesn’t anticipate people sticking with contracts that would be more efficient to breach. Efficient breach has been going on for hundreds of years int he world of contractual obligations. Handshakes may be as enforceable as written contracts under certain circumstances. Handshake deals have also be breached to increase efficiency since people have started shaking hands.

[scaredyclassic]

Breaching a contract is not acting in “bad faith” Law professors talk about the theory of “efficinet breach”. The law doesn’t anticipate people sticking with contracts that would be more efficient to breach. Efficient breach has been going on for hundreds of years int he world of contractual obligations. Handshakes may be as enforceable as written contracts under certain circumstances. Handshake deals have also be breached to increase efficiency since people have started shaking hands.

[scaredyclassic]

Breaching a contract is not acting in “bad faith” Law professors talk about the theory of “efficinet breach”. The law doesn’t anticipate people sticking with contracts that would be more efficient to breach. Efficient breach has been going on for hundreds of years int he world of contractual obligations. Handshakes may be as enforceable as written contracts under certain circumstances. Handshake deals have also be breached to increase efficiency since people have started shaking hands.

[scaredyclassic]

Breaching a contract is not acting in “bad faith” Law professors talk about the theory of “efficinet breach”. The law doesn’t anticipate people sticking with contracts that would be more efficient to breach. Efficient breach has been going on for hundreds of years int he world of contractual obligations. Handshakes may be as enforceable as written contracts under certain circumstances. Handshake deals have also be breached to increase efficiency since people have started shaking hands.

[sdrealtor]

Casca
Sadly I have been to Jacksonville for the Super Bowl. Sadly because my team lost and sadly because we could not find a decent place to eat. I think there were 2 or 3 restaurants worth going to. We ended up eating dinner at one of them at 2 am because the lines were so long at the only decent places. You can stay in JAX as long as you arent hungry.

[sdrealtor]

Casca
Sadly I have been to Jacksonville for the Super Bowl. Sadly because my team lost and sadly because we could not find a decent place to eat. I think there were 2 or 3 restaurants worth going to. We ended up eating dinner at one of them at 2 am because the lines were so long at the only decent places. You can stay in JAX as long as you arent hungry.

[sdrealtor]

Casca
Sadly I have been to Jacksonville for the Super Bowl. Sadly because my team lost and sadly because we could not find a decent place to eat. I think there were 2 or 3 restaurants worth going to. We ended up eating dinner at one of them at 2 am because the lines were so long at the only decent places. You can stay in JAX as long as you arent hungry.

[sdrealtor]

Casca
Sadly I have been to Jacksonville for the Super Bowl. Sadly because my team lost and sadly because we could not find a decent place to eat. I think there were 2 or 3 restaurants worth going to. We ended up eating dinner at one of them at 2 am because the lines were so long at the only decent places. You can stay in JAX as long as you arent hungry.

[sdrealtor]

Casca
Sadly I have been to Jacksonville for the Super Bowl. Sadly because my team lost and sadly because we could not find a decent place to eat. I think there were 2 or 3 restaurants worth going to. We ended up eating dinner at one of them at 2 am because the lines were so long at the only decent places. You can stay in JAX as long as you arent hungry.

[sdrealtor]

Here here, Permabear!! It was not just independent mortgage brokers it was the direct banks also. When I took out my HELOC I went to my WF branch bank and they asked me how much I wanted. I said that I wanted the maximum to have as an open line (I knew what was coming and wanted one open just in case there were opportunites I wanted to take advantage of). I asked how much I needed to earn to get it. They calculated the number and just put it in without asking me for any documentation. The banks lending their own money were just as complicite as anyone.

[sdrealtor]

Here here, Permabear!! It was not just independent mortgage brokers it was the direct banks also. When I took out my HELOC I went to my WF branch bank and they asked me how much I wanted. I said that I wanted the maximum to have as an open line (I knew what was coming and wanted one open just in case there were opportunites I wanted to take advantage of). I asked how much I needed to earn to get it. They calculated the number and just put it in without asking me for any documentation. The banks lending their own money were just as complicite as anyone.

[sdrealtor]

Here here, Permabear!! It was not just independent mortgage brokers it was the direct banks also. When I took out my HELOC I went to my WF branch bank and they asked me how much I wanted. I said that I wanted the maximum to have as an open line (I knew what was coming and wanted one open just in case there were opportunites I wanted to take advantage of). I asked how much I needed to earn to get it. They calculated the number and just put it in without asking me for any documentation. The banks lending their own money were just as complicite as anyone.

[sdrealtor]

Here here, Permabear!! It was not just independent mortgage brokers it was the direct banks also. When I took out my HELOC I went to my WF branch bank and they asked me how much I wanted. I said that I wanted the maximum to have as an open line (I knew what was coming and wanted one open just in case there were opportunites I wanted to take advantage of). I asked how much I needed to earn to get it. They calculated the number and just put it in without asking me for any documentation. The banks lending their own money were just as complicite as anyone.

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