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February 29, 2008 at 11:08 AM in reply to: Faced with mortgage default, some U.S. homeowners walk out #162639February 29, 2008 at 11:08 AM in reply to: Faced with mortgage default, some U.S. homeowners walk out #162938
Raybyrnes
ParticipantThis compnay is going to blow up over the next 5 years. I can see them expanding into Florida, Michigan, Arizona. I would think that this would be a no brainer product to sell to anyone who can get over the fact that a hit on your credit is small potatos compred to the 100K negative equity position they might be in.
February 29, 2008 at 11:08 AM in reply to: Faced with mortgage default, some U.S. homeowners walk out #162955ParticipantThis compnay is going to blow up over the next 5 years. I can see them expanding into Florida, Michigan, Arizona. I would think that this would be a no brainer product to sell to anyone who can get over the fact that a hit on your credit is small potatos compred to the 100K negative equity position they might be in.
February 29, 2008 at 11:08 AM in reply to: Faced with mortgage default, some U.S. homeowners walk out #162969ParticipantThis compnay is going to blow up over the next 5 years. I can see them expanding into Florida, Michigan, Arizona. I would think that this would be a no brainer product to sell to anyone who can get over the fact that a hit on your credit is small potatos compred to the 100K negative equity position they might be in.
February 29, 2008 at 11:08 AM in reply to: Faced with mortgage default, some U.S. homeowners walk out #163046ParticipantThis compnay is going to blow up over the next 5 years. I can see them expanding into Florida, Michigan, Arizona. I would think that this would be a no brainer product to sell to anyone who can get over the fact that a hit on your credit is small potatos compred to the 100K negative equity position they might be in.
ParticipantI think you can now add into the mix that builders are able to carry abck their losses that they are taking right now against the gains they had during the boom time and thsy are profitting from the tax loop holes. Addionally the 60% write downs they are taking on the land is back room accounting. What they are doing is selling the land back to the bank at a huge loss but with a contract to repurchase at a future date at or around the price they sold.
ParticipantI think you can now add into the mix that builders are able to carry abck their losses that they are taking right now against the gains they had during the boom time and thsy are profitting from the tax loop holes. Addionally the 60% write downs they are taking on the land is back room accounting. What they are doing is selling the land back to the bank at a huge loss but with a contract to repurchase at a future date at or around the price they sold.
ParticipantI think you can now add into the mix that builders are able to carry abck their losses that they are taking right now against the gains they had during the boom time and thsy are profitting from the tax loop holes. Addionally the 60% write downs they are taking on the land is back room accounting. What they are doing is selling the land back to the bank at a huge loss but with a contract to repurchase at a future date at or around the price they sold.
ParticipantI think you can now add into the mix that builders are able to carry abck their losses that they are taking right now against the gains they had during the boom time and thsy are profitting from the tax loop holes. Addionally the 60% write downs they are taking on the land is back room accounting. What they are doing is selling the land back to the bank at a huge loss but with a contract to repurchase at a future date at or around the price they sold.
ParticipantI think you can now add into the mix that builders are able to carry abck their losses that they are taking right now against the gains they had during the boom time and thsy are profitting from the tax loop holes. Addionally the 60% write downs they are taking on the land is back room accounting. What they are doing is selling the land back to the bank at a huge loss but with a contract to repurchase at a future date at or around the price they sold.
February 28, 2008 at 10:20 AM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #161797ParticipantFunny, I ahve heard of similiar stories with respect to credit card companies. Basically go delinquent threaten banruptcy and they forgive 60 % of the debt. You go through an workout program and get a hit on your credit but if their are no major purchaes coming up , who cares. Seems a little dodgy too me.
February 28, 2008 at 10:20 AM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162091ParticipantFunny, I ahve heard of similiar stories with respect to credit card companies. Basically go delinquent threaten banruptcy and they forgive 60 % of the debt. You go through an workout program and get a hit on your credit but if their are no major purchaes coming up , who cares. Seems a little dodgy too me.
February 28, 2008 at 10:20 AM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162108ParticipantFunny, I ahve heard of similiar stories with respect to credit card companies. Basically go delinquent threaten banruptcy and they forgive 60 % of the debt. You go through an workout program and get a hit on your credit but if their are no major purchaes coming up , who cares. Seems a little dodgy too me.
February 28, 2008 at 10:20 AM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162125ParticipantFunny, I ahve heard of similiar stories with respect to credit card companies. Basically go delinquent threaten banruptcy and they forgive 60 % of the debt. You go through an workout program and get a hit on your credit but if their are no major purchaes coming up , who cares. Seems a little dodgy too me.
February 28, 2008 at 10:20 AM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #162194ParticipantFunny, I ahve heard of similiar stories with respect to credit card companies. Basically go delinquent threaten banruptcy and they forgive 60 % of the debt. You go through an workout program and get a hit on your credit but if their are no major purchaes coming up , who cares. Seems a little dodgy too me.
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