Why not walk away?

[NotCranky]

Chris,
Maybe the OP doesn’t share any feelings of humiliation with us if he has them? One would think it can’t be an easy situation. He did lose some money, time and energy.

I am not saying it was right or wrong, but some of us have learned to feel a sense of failure when we get into things that don’t work out. I guess that keeps us for, the most part, on the strait and narrow. We dig deeper into the the possibility of success and failure. When things look bad we deal with them before we become “victims”.Everything isn’t an “accident” or someone else’s fault. We make “mistakes” now and then. We take our lumps and smooth them out ourselves. I have seen that those traits pay more dividends(of all kinds) in the long run. I think most Piggs have them, regardless of our different styles and approaches. I have actually thought about this as related to your style of trading quite some time back. I doubt you could do what you do with out being really tough this way.
I have friends who are going to “walk” from a loan or maybe even be forced out of the deal. As someone else posted, they will still be my friends. We do all make “mistakes”.

SDR, I thought you were very clear in the thread you are referring to. It was one of your best, of many good posts(threads), IMO.

[SD Realtor]

Actually the only reason I am watching this thread is to read the terms of the wager between marion and tg…

SD Realtor

[SD Realtor]

Actually the only reason I am watching this thread is to read the terms of the wager between marion and tg…

SD Realtor

[SD Realtor]

Actually the only reason I am watching this thread is to read the terms of the wager between marion and tg…

SD Realtor

[SD Realtor]

Actually the only reason I am watching this thread is to read the terms of the wager between marion and tg…

SD Realtor

[SD Realtor]

Actually the only reason I am watching this thread is to read the terms of the wager between marion and tg…

SD Realtor

[NotCranky]

SDR,
It is a beautiful day…gotta be careful though, the last time I was bragging about our beautiful Santa Ana conditions 30 minutes later those conflagrations busted loose.

[NotCranky]

SDR,
It is a beautiful day…gotta be careful though, the last time I was bragging about our beautiful Santa Ana conditions 30 minutes later those conflagrations busted loose.

[NotCranky]

SDR,
It is a beautiful day…gotta be careful though, the last time I was bragging about our beautiful Santa Ana conditions 30 minutes later those conflagrations busted loose.

[NotCranky]

SDR,
It is a beautiful day…gotta be careful though, the last time I was bragging about our beautiful Santa Ana conditions 30 minutes later those conflagrations busted loose.

[NotCranky]

SDR,
It is a beautiful day…gotta be careful though, the last time I was bragging about our beautiful Santa Ana conditions 30 minutes later those conflagrations busted loose.

[farbet]

What causes foreclosures?

Your gut instinct may tell you it is not being able to make the mortgage payments. Even though we have been inundated with media coverage about this (i.e. impact of rate resets on ARMs), the truth is:

This is not the primary reason for foreclosures at all.

The main driver of foreclosures is the change in real estate prices.
The recent spike in home foreclosures in Massachusetts is caused by falling home prices, and not by rising mortgage payments, according to research released yesterday by the Federal Reserve Bank of Boston……
US Treasury Secretary Henry Paulson is negotiating a deal to freeze monthly mortgage payments on some subprime loans by delaying scheduled interest rate increases. Paulson reiterated yesterday the plan could be announced this week.

This proves that the Paulson plan is a phony PR stunt because it does not address the primary cause of the foreclosure problem. Foreclosures are mostly driven by declining homeowner equity—especially negative equity.

Precious Metals Update

Paulson should be jailed. He was at Goldman Sachs.Goldman Sachs encourged the imploders to write as many loans as possible-they could package it and sell to unsuspecting foreigners( no one trusts US Paper now).
Now he is at Treasury and he is “planning to bailout ” borrowers. What a bunch of liqid crap!!

[farbet]

What causes foreclosures?

Your gut instinct may tell you it is not being able to make the mortgage payments. Even though we have been inundated with media coverage about this (i.e. impact of rate resets on ARMs), the truth is:

This is not the primary reason for foreclosures at all.

The main driver of foreclosures is the change in real estate prices.
The recent spike in home foreclosures in Massachusetts is caused by falling home prices, and not by rising mortgage payments, according to research released yesterday by the Federal Reserve Bank of Boston……
US Treasury Secretary Henry Paulson is negotiating a deal to freeze monthly mortgage payments on some subprime loans by delaying scheduled interest rate increases. Paulson reiterated yesterday the plan could be announced this week.

This proves that the Paulson plan is a phony PR stunt because it does not address the primary cause of the foreclosure problem. Foreclosures are mostly driven by declining homeowner equity—especially negative equity.

Precious Metals Update

Paulson should be jailed. He was at Goldman Sachs.Goldman Sachs encourged the imploders to write as many loans as possible-they could package it and sell to unsuspecting foreigners( no one trusts US Paper now).
Now he is at Treasury and he is “planning to bailout ” borrowers. What a bunch of liqid crap!!

[farbet]

What causes foreclosures?

Your gut instinct may tell you it is not being able to make the mortgage payments. Even though we have been inundated with media coverage about this (i.e. impact of rate resets on ARMs), the truth is:

This is not the primary reason for foreclosures at all.

The main driver of foreclosures is the change in real estate prices.
The recent spike in home foreclosures in Massachusetts is caused by falling home prices, and not by rising mortgage payments, according to research released yesterday by the Federal Reserve Bank of Boston……
US Treasury Secretary Henry Paulson is negotiating a deal to freeze monthly mortgage payments on some subprime loans by delaying scheduled interest rate increases. Paulson reiterated yesterday the plan could be announced this week.

This proves that the Paulson plan is a phony PR stunt because it does not address the primary cause of the foreclosure problem. Foreclosures are mostly driven by declining homeowner equity—especially negative equity.

Precious Metals Update

Paulson should be jailed. He was at Goldman Sachs.Goldman Sachs encourged the imploders to write as many loans as possible-they could package it and sell to unsuspecting foreigners( no one trusts US Paper now).
Now he is at Treasury and he is “planning to bailout ” borrowers. What a bunch of liqid crap!!

[farbet]

What causes foreclosures?

Your gut instinct may tell you it is not being able to make the mortgage payments. Even though we have been inundated with media coverage about this (i.e. impact of rate resets on ARMs), the truth is:

This is not the primary reason for foreclosures at all.

The main driver of foreclosures is the change in real estate prices.
The recent spike in home foreclosures in Massachusetts is caused by falling home prices, and not by rising mortgage payments, according to research released yesterday by the Federal Reserve Bank of Boston……
US Treasury Secretary Henry Paulson is negotiating a deal to freeze monthly mortgage payments on some subprime loans by delaying scheduled interest rate increases. Paulson reiterated yesterday the plan could be announced this week.

This proves that the Paulson plan is a phony PR stunt because it does not address the primary cause of the foreclosure problem. Foreclosures are mostly driven by declining homeowner equity—especially negative equity.

Precious Metals Update

Paulson should be jailed. He was at Goldman Sachs.Goldman Sachs encourged the imploders to write as many loans as possible-they could package it and sell to unsuspecting foreigners( no one trusts US Paper now).
Now he is at Treasury and he is “planning to bailout ” borrowers. What a bunch of liqid crap!!

[Author]

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