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moneymaker
ParticipantYep that’s kinda what I was afraid of if the stock market tanks and interest rates go up most of us are screwed. Louise Yamada is covering this right now on Bloomberg. Many people may be investing in long term bonds to get the better rates, when in fact they should probably be looking at shorter term bonds.
ParticipantYep that’s kinda what I was afraid of if the stock market tanks and interest rates go up most of us are screwed. Louise Yamada is covering this right now on Bloomberg. Many people may be investing in long term bonds to get the better rates, when in fact they should probably be looking at shorter term bonds.
Participant[quote=DataAgent]How is this extortion? The 2nd lender has legal rights to the property. They are offering to release those rights at a discount to the owed amount. Sounds like you’re getting a good deal.[/quote]
The buyer is not the one that took out the second mortgage in the first place. Sounds like paying for someone else’s debts to me, I don’t think so! Personally i would just wait it out till it goes to foreclosure, then buy it at market value.Participant[quote=DataAgent]How is this extortion? The 2nd lender has legal rights to the property. They are offering to release those rights at a discount to the owed amount. Sounds like you’re getting a good deal.[/quote]
The buyer is not the one that took out the second mortgage in the first place. Sounds like paying for someone else’s debts to me, I don’t think so! Personally i would just wait it out till it goes to foreclosure, then buy it at market value.Participant[quote=DataAgent]How is this extortion? The 2nd lender has legal rights to the property. They are offering to release those rights at a discount to the owed amount. Sounds like you’re getting a good deal.[/quote]
The buyer is not the one that took out the second mortgage in the first place. Sounds like paying for someone else’s debts to me, I don’t think so! Personally i would just wait it out till it goes to foreclosure, then buy it at market value.Participant[quote=DataAgent]How is this extortion? The 2nd lender has legal rights to the property. They are offering to release those rights at a discount to the owed amount. Sounds like you’re getting a good deal.[/quote]
The buyer is not the one that took out the second mortgage in the first place. Sounds like paying for someone else’s debts to me, I don’t think so! Personally i would just wait it out till it goes to foreclosure, then buy it at market value.Participant[quote=DataAgent]How is this extortion? The 2nd lender has legal rights to the property. They are offering to release those rights at a discount to the owed amount. Sounds like you’re getting a good deal.[/quote]
The buyer is not the one that took out the second mortgage in the first place. Sounds like paying for someone else’s debts to me, I don’t think so! Personally i would just wait it out till it goes to foreclosure, then buy it at market value.ParticipantIt seems to me that it is possibly extortion. The 20k should be going to the first, to qualify as extortion I believe there has to be pressure or coercion. Of course if it’s the government doing it,i.e. IRS then I guess it’s ok.
ParticipantIt seems to me that it is possibly extortion. The 20k should be going to the first, to qualify as extortion I believe there has to be pressure or coercion. Of course if it’s the government doing it,i.e. IRS then I guess it’s ok.
ParticipantIt seems to me that it is possibly extortion. The 20k should be going to the first, to qualify as extortion I believe there has to be pressure or coercion. Of course if it’s the government doing it,i.e. IRS then I guess it’s ok.
ParticipantIt seems to me that it is possibly extortion. The 20k should be going to the first, to qualify as extortion I believe there has to be pressure or coercion. Of course if it’s the government doing it,i.e. IRS then I guess it’s ok.
ParticipantIt seems to me that it is possibly extortion. The 20k should be going to the first, to qualify as extortion I believe there has to be pressure or coercion. Of course if it’s the government doing it,i.e. IRS then I guess it’s ok.
ParticipantI believe Arnold tried to get money from the Feds for allowing the illegals into CA in the first place,Feds say no way jose. The Feds are in denial and yet I believe they are matching funds for welfare recipients,someone please correct me if I’m wrong. I admire Arnold for attempting to reign in costs,prison guard salaries and pensions,but alas he is fighting a losing battle, only bankruptcy will save us now. Arnold is not perfect, but I as a Democrat do support him.
ParticipantI believe Arnold tried to get money from the Feds for allowing the illegals into CA in the first place,Feds say no way jose. The Feds are in denial and yet I believe they are matching funds for welfare recipients,someone please correct me if I’m wrong. I admire Arnold for attempting to reign in costs,prison guard salaries and pensions,but alas he is fighting a losing battle, only bankruptcy will save us now. Arnold is not perfect, but I as a Democrat do support him.
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