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December 9, 2009 at 11:45 AM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #492477December 9, 2009 at 11:45 AM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #492859
pencilneck
ParticipantThese renegotiations sound like great deals. But for the most part we’re relying on anecdotal evidence primarily from people who didn’t even understand the terms of their first loans.
The broker friend may not even understand the terms of the renegotiated loans.
My gut tells me Deal Hunter is onto something:
Partial Claim – This is the hidden danger in “renegotiation” of loans. In addition to the rewriting of the loan itself, there is the issue of what happens to the unpaid late payments, unpaid penalties, or deferred interest incurred at the higher rate or payment recast.
December 9, 2009 at 11:45 AM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #492947ParticipantThese renegotiations sound like great deals. But for the most part we’re relying on anecdotal evidence primarily from people who didn’t even understand the terms of their first loans.
The broker friend may not even understand the terms of the renegotiated loans.
My gut tells me Deal Hunter is onto something:
Partial Claim – This is the hidden danger in “renegotiation” of loans. In addition to the rewriting of the loan itself, there is the issue of what happens to the unpaid late payments, unpaid penalties, or deferred interest incurred at the higher rate or payment recast.
December 9, 2009 at 11:45 AM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #493185ParticipantThese renegotiations sound like great deals. But for the most part we’re relying on anecdotal evidence primarily from people who didn’t even understand the terms of their first loans.
The broker friend may not even understand the terms of the renegotiated loans.
My gut tells me Deal Hunter is onto something:
Partial Claim – This is the hidden danger in “renegotiation” of loans. In addition to the rewriting of the loan itself, there is the issue of what happens to the unpaid late payments, unpaid penalties, or deferred interest incurred at the higher rate or payment recast.
ParticipantThey provide the chickens.
ParticipantThey provide the chickens.
ParticipantThey provide the chickens.
ParticipantThey provide the chickens.
ParticipantThey provide the chickens.
October 5, 2009 at 1:29 PM in reply to: Making micro loans to people in third world countries #463920ParticipantAm I the only one who cynically thinks microlending may be a late stage symptom of a desperate credit bubble?
October 5, 2009 at 1:29 PM in reply to: Making micro loans to people in third world countries #464111ParticipantAm I the only one who cynically thinks microlending may be a late stage symptom of a desperate credit bubble?
October 5, 2009 at 1:29 PM in reply to: Making micro loans to people in third world countries #464460ParticipantAm I the only one who cynically thinks microlending may be a late stage symptom of a desperate credit bubble?
October 5, 2009 at 1:29 PM in reply to: Making micro loans to people in third world countries #464531ParticipantAm I the only one who cynically thinks microlending may be a late stage symptom of a desperate credit bubble?
October 5, 2009 at 1:29 PM in reply to: Making micro loans to people in third world countries #464736ParticipantAm I the only one who cynically thinks microlending may be a late stage symptom of a desperate credit bubble?
ParticipantFirstly, its an interesting survey. It gives you a comparitive look at slightly above average homes in 300 markets by looking at “the prices charged for 2,200-square-foot, four-bedroom, two-and-one-half bath, single-family homes.”
Unfortunately, Coldwell Bankers took an interesting survey and sort of twisted it to made a good headline for their press release. And, of course, it worked. The press release was republished completey uncritically in a variety of places as so called news.
But La Jolla is not the most expensive neighborhood based on criteria that most people would use. The Coldwell Banker survey only demonstrated that La Jolla is the most expensive market for slightly above average houses. Which is interesting, but not much to get excited about. (newsflash- La Jolla and Beverly Hills are desireable locations! Read all about it!)
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