Trickledown Tarp money at work

[sdduuuude]

Ya, good point, Arraya. I guess the question is – if I’m going to default, why not jsut stop making payments, not tell the bank, and live rent-free for 12 months instead of 6 ?

[jpinpb]

[quote=sdduuuude]Ya, good point, Arraya. I guess the question is – if I’m going to default, why not jsut stop making payments, not tell the bank, and live rent-free for 12 months instead of 6 ?[/quote]

I think people are doing that already. Maybe that’s what this is about. Give people the option of not foreclosing (greater hit on credit) and live for 6 months instead of 12, but give us back the house. Win-win for everyone. Sort of.

[jpinpb]

[quote=sdduuuude]Ya, good point, Arraya. I guess the question is – if I’m going to default, why not jsut stop making payments, not tell the bank, and live rent-free for 12 months instead of 6 ?[/quote]

I think people are doing that already. Maybe that’s what this is about. Give people the option of not foreclosing (greater hit on credit) and live for 6 months instead of 12, but give us back the house. Win-win for everyone. Sort of.

[jpinpb]

[quote=sdduuuude]Ya, good point, Arraya. I guess the question is – if I’m going to default, why not jsut stop making payments, not tell the bank, and live rent-free for 12 months instead of 6 ?[/quote]

I think people are doing that already. Maybe that’s what this is about. Give people the option of not foreclosing (greater hit on credit) and live for 6 months instead of 12, but give us back the house. Win-win for everyone. Sort of.

[jpinpb]

[quote=sdduuuude]Ya, good point, Arraya. I guess the question is – if I’m going to default, why not jsut stop making payments, not tell the bank, and live rent-free for 12 months instead of 6 ?[/quote]

I think people are doing that already. Maybe that’s what this is about. Give people the option of not foreclosing (greater hit on credit) and live for 6 months instead of 12, but give us back the house. Win-win for everyone. Sort of.

[jpinpb]

[quote=sdduuuude]Ya, good point, Arraya. I guess the question is – if I’m going to default, why not jsut stop making payments, not tell the bank, and live rent-free for 12 months instead of 6 ?[/quote]

I think people are doing that already. Maybe that’s what this is about. Give people the option of not foreclosing (greater hit on credit) and live for 6 months instead of 12, but give us back the house. Win-win for everyone. Sort of.

[Arraya]

Yeah, they are negotiating with the people that have no intention of staying in the house. Looks like citi is open to the idea of floating some cash as well. So it does look like a win/win and processes the home faster….so they can stick it in shadow inventory

[Arraya]

Yeah, they are negotiating with the people that have no intention of staying in the house. Looks like citi is open to the idea of floating some cash as well. So it does look like a win/win and processes the home faster….so they can stick it in shadow inventory

[Arraya]

Yeah, they are negotiating with the people that have no intention of staying in the house. Looks like citi is open to the idea of floating some cash as well. So it does look like a win/win and processes the home faster….so they can stick it in shadow inventory

[Arraya]

Yeah, they are negotiating with the people that have no intention of staying in the house. Looks like citi is open to the idea of floating some cash as well. So it does look like a win/win and processes the home faster….so they can stick it in shadow inventory

[Arraya]

Yeah, they are negotiating with the people that have no intention of staying in the house. Looks like citi is open to the idea of floating some cash as well. So it does look like a win/win and processes the home faster….so they can stick it in shadow inventory

[jpinpb]

Not to thread hijack, but since this method seems to facilitate what to do w/all these defaults, indirectly related, here’s another attempt at resolving the problem:
Lennar acquired loans at 40% discount.

[jpinpb]

Not to thread hijack, but since this method seems to facilitate what to do w/all these defaults, indirectly related, here’s another attempt at resolving the problem:
Lennar acquired loans at 40% discount.

[jpinpb]

Not to thread hijack, but since this method seems to facilitate what to do w/all these defaults, indirectly related, here’s another attempt at resolving the problem:
Lennar acquired loans at 40% discount.

[jpinpb]

Not to thread hijack, but since this method seems to facilitate what to do w/all these defaults, indirectly related, here’s another attempt at resolving the problem:
Lennar acquired loans at 40% discount.

[Author]

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