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  • May 10, 2011 at 10:39 PM in reply to: Wanna be a Knife Catcher? Buy Now! #695462
    utcsox
    Participant

    What’s the effect of potential decline in conforming limit from $697,500 to $546,250 in San Diego Market?

    January 4, 2008 at 2:38 PM in reply to: FDIC Insured #129306
    utcsox
    Participant

    Thanks fat lazy union. I guess there is not much to worry when you deposit money in a FDIC insured shady bank.

    January 4, 2008 at 2:38 PM in reply to: FDIC Insured #129475
    utcsox
    Participant

    Thanks fat lazy union. I guess there is not much to worry when you deposit money in a FDIC insured shady bank.

    January 4, 2008 at 2:38 PM in reply to: FDIC Insured #129482
    utcsox
    Participant

    Thanks fat lazy union. I guess there is not much to worry when you deposit money in a FDIC insured shady bank.

    January 4, 2008 at 2:38 PM in reply to: FDIC Insured #129548
    utcsox
    Participant

    Thanks fat lazy union. I guess there is not much to worry when you deposit money in a FDIC insured shady bank.

    January 4, 2008 at 2:38 PM in reply to: FDIC Insured #129579
    utcsox
    Participant

    Thanks fat lazy union. I guess there is not much to worry when you deposit money in a FDIC insured shady bank.

    January 4, 2008 at 1:45 PM in reply to: FDIC Insured #129281
    utcsox
    Participant

    What happen if the Countrywide goes under water? Does the interest you accumulate upto that point is insured if you do not exceed the FDIC insured amount? In another word, do you get both principal and the accured interest from the FDIC when bank goes under water?

    January 4, 2008 at 1:45 PM in reply to: FDIC Insured #129450
    utcsox
    Participant

    What happen if the Countrywide goes under water? Does the interest you accumulate upto that point is insured if you do not exceed the FDIC insured amount? In another word, do you get both principal and the accured interest from the FDIC when bank goes under water?

    January 4, 2008 at 1:45 PM in reply to: FDIC Insured #129456
    utcsox
    Participant

    What happen if the Countrywide goes under water? Does the interest you accumulate upto that point is insured if you do not exceed the FDIC insured amount? In another word, do you get both principal and the accured interest from the FDIC when bank goes under water?

    January 4, 2008 at 1:45 PM in reply to: FDIC Insured #129523
    utcsox
    Participant

    What happen if the Countrywide goes under water? Does the interest you accumulate upto that point is insured if you do not exceed the FDIC insured amount? In another word, do you get both principal and the accured interest from the FDIC when bank goes under water?

    January 4, 2008 at 1:45 PM in reply to: FDIC Insured #129554
    utcsox
    Participant

    What happen if the Countrywide goes under water? Does the interest you accumulate upto that point is insured if you do not exceed the FDIC insured amount? In another word, do you get both principal and the accured interest from the FDIC when bank goes under water?

    December 1, 2007 at 6:50 PM in reply to: You cannot have it both ways #106886
    utcsox
    Participant

    “As a bank, you may think that the $400,000 that you lent on a $500,000 home is still safe until Countrywide forforecloses (because they lent 125% of the appraised value) on the house next door and puts it back on the market for $350,000”.

    Not if you require to put another 20 percent down to purchase the same type of home. How many buyers will have another $70K sitting so they can take advantage of this situation. Probably not many. That’s why even though there is a world wide real estate bubble, most of the countries will NOT suffer as bad as in California.

    December 1, 2007 at 6:50 PM in reply to: You cannot have it both ways #106983
    utcsox
    Participant

    “As a bank, you may think that the $400,000 that you lent on a $500,000 home is still safe until Countrywide forforecloses (because they lent 125% of the appraised value) on the house next door and puts it back on the market for $350,000”.

    Not if you require to put another 20 percent down to purchase the same type of home. How many buyers will have another $70K sitting so they can take advantage of this situation. Probably not many. That’s why even though there is a world wide real estate bubble, most of the countries will NOT suffer as bad as in California.

    December 1, 2007 at 6:50 PM in reply to: You cannot have it both ways #107014
    utcsox
    Participant

    “As a bank, you may think that the $400,000 that you lent on a $500,000 home is still safe until Countrywide forforecloses (because they lent 125% of the appraised value) on the house next door and puts it back on the market for $350,000”.

    Not if you require to put another 20 percent down to purchase the same type of home. How many buyers will have another $70K sitting so they can take advantage of this situation. Probably not many. That’s why even though there is a world wide real estate bubble, most of the countries will NOT suffer as bad as in California.

    December 1, 2007 at 6:50 PM in reply to: You cannot have it both ways #107023
    utcsox
    Participant

    “As a bank, you may think that the $400,000 that you lent on a $500,000 home is still safe until Countrywide forforecloses (because they lent 125% of the appraised value) on the house next door and puts it back on the market for $350,000”.

    Not if you require to put another 20 percent down to purchase the same type of home. How many buyers will have another $70K sitting so they can take advantage of this situation. Probably not many. That’s why even though there is a world wide real estate bubble, most of the countries will NOT suffer as bad as in California.

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