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August 8, 2008 at 9:40 AM in reply to: Alt-A Resets Accelerating like mad… here comes the next wave! #254544August 8, 2008 at 9:40 AM in reply to: Alt-A Resets Accelerating like mad… here comes the next wave! #254717
gdcox
ParticipantWould even the gov bail out proponents be able to support pay option arms at say 125%. There is no bail out for Helocs as I understand it : or have I missed something?
August 8, 2008 at 9:40 AM in reply to: Alt-A Resets Accelerating like mad… here comes the next wave! #254723ParticipantWould even the gov bail out proponents be able to support pay option arms at say 125%. There is no bail out for Helocs as I understand it : or have I missed something?
August 8, 2008 at 9:40 AM in reply to: Alt-A Resets Accelerating like mad… here comes the next wave! #254781ParticipantWould even the gov bail out proponents be able to support pay option arms at say 125%. There is no bail out for Helocs as I understand it : or have I missed something?
August 8, 2008 at 9:40 AM in reply to: Alt-A Resets Accelerating like mad… here comes the next wave! #254829ParticipantWould even the gov bail out proponents be able to support pay option arms at say 125%. There is no bail out for Helocs as I understand it : or have I missed something?
August 1, 2008 at 10:41 AM in reply to: Anyone had the chance to attend a trustee sale in El Cajon? #250341ParticipantIs it not just a matter of accounting convenience . ( I ask out of ignorance)?
When a property (notionally) fails to sell at loan value ‘on the steps’, the bank can value it at a penny under the loan value on its books for a period .
If there were a true auction, they would have to show the difference between loan value and true forced sale value proceeds for the next quarterly results.
August 1, 2008 at 10:41 AM in reply to: Anyone had the chance to attend a trustee sale in El Cajon? #250497ParticipantIs it not just a matter of accounting convenience . ( I ask out of ignorance)?
When a property (notionally) fails to sell at loan value ‘on the steps’, the bank can value it at a penny under the loan value on its books for a period .
If there were a true auction, they would have to show the difference between loan value and true forced sale value proceeds for the next quarterly results.
August 1, 2008 at 10:41 AM in reply to: Anyone had the chance to attend a trustee sale in El Cajon? #250503ParticipantIs it not just a matter of accounting convenience . ( I ask out of ignorance)?
When a property (notionally) fails to sell at loan value ‘on the steps’, the bank can value it at a penny under the loan value on its books for a period .
If there were a true auction, they would have to show the difference between loan value and true forced sale value proceeds for the next quarterly results.
August 1, 2008 at 10:41 AM in reply to: Anyone had the chance to attend a trustee sale in El Cajon? #250560ParticipantIs it not just a matter of accounting convenience . ( I ask out of ignorance)?
When a property (notionally) fails to sell at loan value ‘on the steps’, the bank can value it at a penny under the loan value on its books for a period .
If there were a true auction, they would have to show the difference between loan value and true forced sale value proceeds for the next quarterly results.
August 1, 2008 at 10:41 AM in reply to: Anyone had the chance to attend a trustee sale in El Cajon? #250569ParticipantIs it not just a matter of accounting convenience . ( I ask out of ignorance)?
When a property (notionally) fails to sell at loan value ‘on the steps’, the bank can value it at a penny under the loan value on its books for a period .
If there were a true auction, they would have to show the difference between loan value and true forced sale value proceeds for the next quarterly results.
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