[SK in CV]

I’m a liberal, and I’m hoping she announces her intentions to run for president. (She won’t any time soon. Too many $25,000 a pop speaking engagements first, which would end with her announcing.) Democrats and liberals aren’t afraid of Sarah Palin. Most consider her a joke. The best thing that could happen for the Dems is for her to win a republican nomination, with her solid 20% support.

I don’t think that’s going to happen. I think another shoe will drop shortly.

[SK in CV]

I’m a liberal, and I’m hoping she announces her intentions to run for president. (She won’t any time soon. Too many $25,000 a pop speaking engagements first, which would end with her announcing.) Democrats and liberals aren’t afraid of Sarah Palin. Most consider her a joke. The best thing that could happen for the Dems is for her to win a republican nomination, with her solid 20% support.

I don’t think that’s going to happen. I think another shoe will drop shortly.

[SK in CV]

I’m a liberal, and I’m hoping she announces her intentions to run for president. (She won’t any time soon. Too many $25,000 a pop speaking engagements first, which would end with her announcing.) Democrats and liberals aren’t afraid of Sarah Palin. Most consider her a joke. The best thing that could happen for the Dems is for her to win a republican nomination, with her solid 20% support.

I don’t think that’s going to happen. I think another shoe will drop shortly.

[SK in CV]

I’m a liberal, and I’m hoping she announces her intentions to run for president. (She won’t any time soon. Too many $25,000 a pop speaking engagements first, which would end with her announcing.) Democrats and liberals aren’t afraid of Sarah Palin. Most consider her a joke. The best thing that could happen for the Dems is for her to win a republican nomination, with her solid 20% support.

I don’t think that’s going to happen. I think another shoe will drop shortly.

[SK in CV]

They are not wrong. They’re exactly right, from every angle.

But having watched banks and other lenders screw up through 3 down cycles, both in negotiating with borrowers with impaired collateral and in managing REO inventory, I’m pretty confident it won’t happen on any significant scale. Lenders are terrified of setting any kind of precedent in negotiating loan modifications. So they lose. And borrowers lose. Which further damages market stability. They will never learn.

[SK in CV]

They are not wrong. They’re exactly right, from every angle.

But having watched banks and other lenders screw up through 3 down cycles, both in negotiating with borrowers with impaired collateral and in managing REO inventory, I’m pretty confident it won’t happen on any significant scale. Lenders are terrified of setting any kind of precedent in negotiating loan modifications. So they lose. And borrowers lose. Which further damages market stability. They will never learn.

[SK in CV]

They are not wrong. They’re exactly right, from every angle.

But having watched banks and other lenders screw up through 3 down cycles, both in negotiating with borrowers with impaired collateral and in managing REO inventory, I’m pretty confident it won’t happen on any significant scale. Lenders are terrified of setting any kind of precedent in negotiating loan modifications. So they lose. And borrowers lose. Which further damages market stability. They will never learn.

[SK in CV]

They are not wrong. They’re exactly right, from every angle.

But having watched banks and other lenders screw up through 3 down cycles, both in negotiating with borrowers with impaired collateral and in managing REO inventory, I’m pretty confident it won’t happen on any significant scale. Lenders are terrified of setting any kind of precedent in negotiating loan modifications. So they lose. And borrowers lose. Which further damages market stability. They will never learn.

[SK in CV]

They are not wrong. They’re exactly right, from every angle.

But having watched banks and other lenders screw up through 3 down cycles, both in negotiating with borrowers with impaired collateral and in managing REO inventory, I’m pretty confident it won’t happen on any significant scale. Lenders are terrified of setting any kind of precedent in negotiating loan modifications. So they lose. And borrowers lose. Which further damages market stability. They will never learn.

[SK in CV]

I agree with this.

But keep in mind, that’s not what the post addressed. It says that the lender “requires” divestiture of the retirement account. That’s just BS. The lender will present a number of demands, maybe some cash, bringing property taxes current, maybe paying off some credit cards, and maybe divesting all or a portion of a retirement plan. What borrowers attempting a loan modification must keep in mind is that each and every one of their “demands” are negotiable. And depending on the circumstances, though lenders will NEVER acknowledge this, the borrower may have all the leverage.

Sometimes liquidating a retirement plan will be a horrible idea. But sometimes, not so much. If a borrower happens to have their credit intact, and has maybe $10,000 in a retirment account, and the lender is offering a significant write down of the principle loan amount, it might be worth it. But if that retirement account has $100,000 in it, or credit is already ruined, or the write down just isn’t all that much, it just doesn’t make any sense.

[SK in CV]

I agree with this.

But keep in mind, that’s not what the post addressed. It says that the lender “requires” divestiture of the retirement account. That’s just BS. The lender will present a number of demands, maybe some cash, bringing property taxes current, maybe paying off some credit cards, and maybe divesting all or a portion of a retirement plan. What borrowers attempting a loan modification must keep in mind is that each and every one of their “demands” are negotiable. And depending on the circumstances, though lenders will NEVER acknowledge this, the borrower may have all the leverage.

Sometimes liquidating a retirement plan will be a horrible idea. But sometimes, not so much. If a borrower happens to have their credit intact, and has maybe $10,000 in a retirment account, and the lender is offering a significant write down of the principle loan amount, it might be worth it. But if that retirement account has $100,000 in it, or credit is already ruined, or the write down just isn’t all that much, it just doesn’t make any sense.

[SK in CV]

I agree with this.

But keep in mind, that’s not what the post addressed. It says that the lender “requires” divestiture of the retirement account. That’s just BS. The lender will present a number of demands, maybe some cash, bringing property taxes current, maybe paying off some credit cards, and maybe divesting all or a portion of a retirement plan. What borrowers attempting a loan modification must keep in mind is that each and every one of their “demands” are negotiable. And depending on the circumstances, though lenders will NEVER acknowledge this, the borrower may have all the leverage.

Sometimes liquidating a retirement plan will be a horrible idea. But sometimes, not so much. If a borrower happens to have their credit intact, and has maybe $10,000 in a retirment account, and the lender is offering a significant write down of the principle loan amount, it might be worth it. But if that retirement account has $100,000 in it, or credit is already ruined, or the write down just isn’t all that much, it just doesn’t make any sense.

[SK in CV]

I agree with this.

But keep in mind, that’s not what the post addressed. It says that the lender “requires” divestiture of the retirement account. That’s just BS. The lender will present a number of demands, maybe some cash, bringing property taxes current, maybe paying off some credit cards, and maybe divesting all or a portion of a retirement plan. What borrowers attempting a loan modification must keep in mind is that each and every one of their “demands” are negotiable. And depending on the circumstances, though lenders will NEVER acknowledge this, the borrower may have all the leverage.

Sometimes liquidating a retirement plan will be a horrible idea. But sometimes, not so much. If a borrower happens to have their credit intact, and has maybe $10,000 in a retirment account, and the lender is offering a significant write down of the principle loan amount, it might be worth it. But if that retirement account has $100,000 in it, or credit is already ruined, or the write down just isn’t all that much, it just doesn’t make any sense.

[SK in CV]

I agree with this.

But keep in mind, that’s not what the post addressed. It says that the lender “requires” divestiture of the retirement account. That’s just BS. The lender will present a number of demands, maybe some cash, bringing property taxes current, maybe paying off some credit cards, and maybe divesting all or a portion of a retirement plan. What borrowers attempting a loan modification must keep in mind is that each and every one of their “demands” are negotiable. And depending on the circumstances, though lenders will NEVER acknowledge this, the borrower may have all the leverage.

Sometimes liquidating a retirement plan will be a horrible idea. But sometimes, not so much. If a borrower happens to have their credit intact, and has maybe $10,000 in a retirment account, and the lender is offering a significant write down of the principle loan amount, it might be worth it. But if that retirement account has $100,000 in it, or credit is already ruined, or the write down just isn’t all that much, it just doesn’t make any sense.

[SK in CV]

[quote=DataAgent]>>> Palin/Rush 2012 <<< A conservative's dream ticket! [/quote] And every Democrat's wet dream.

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