IANAL, but I know it isn’t fraud. If the loan is 100% non-recourse then the house is the collateral and there is nothing the lender can do other than put a black market on their credit report.
Looking more and more like ’08 will be the revolt of the FB’ers. I’m cautiously optimistic about this, as it could lead to a fast-forward correction, early bottom and return to solid lending standards.
IANAL, but I know it isn’t fraud. If the loan is 100% non-recourse then the house is the collateral and there is nothing the lender can do other than put a black market on their credit report.
Looking more and more like ’08 will be the revolt of the FB’ers. I’m cautiously optimistic about this, as it could lead to a fast-forward correction, early bottom and return to solid lending standards.
IANAL, but I know it isn’t fraud. If the loan is 100% non-recourse then the house is the collateral and there is nothing the lender can do other than put a black market on their credit report.
Looking more and more like ’08 will be the revolt of the FB’ers. I’m cautiously optimistic about this, as it could lead to a fast-forward correction, early bottom and return to solid lending standards.
IANAL, but I know it isn’t fraud. If the loan is 100% non-recourse then the house is the collateral and there is nothing the lender can do other than put a black market on their credit report.
Looking more and more like ’08 will be the revolt of the FB’ers. I’m cautiously optimistic about this, as it could lead to a fast-forward correction, early bottom and return to solid lending standards.
IANAL, but I know it isn’t fraud. If the loan is 100% non-recourse then the house is the collateral and there is nothing the lender can do other than put a black market on their credit report.
Looking more and more like ’08 will be the revolt of the FB’ers. I’m cautiously optimistic about this, as it could lead to a fast-forward correction, early bottom and return to solid lending standards.
