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September 10, 2007 at 11:54 AM in reply to: Rumor – is CW reselling properties back to borrowers as short sales? #84050
Wickedheart
ParticipantI think it would be a pretty boneheaded idea. It would set an extremely bad precedent. For a 20% discount why not default on your loan? And if I correctly understand how this works, you wouldn’t be taking the ding to your credit because it was a short sale and not a foreclosure.
ParticipantWhen a Hummer driver cuts you off or rides your backside just give them the sign, hold up your thumb and forefinger with about an inch inbetween.
ParticipantWhen a Hummer driver cuts you off or rides your backside just give them the sign, hold up your thumb and forefinger with about an inch inbetween.
ParticipantWhen a Hummer driver cuts you off or rides your backside just give them the sign, hold up your thumb and forefinger with about an inch inbetween.
ParticipantYou’re a pretty smart critter. My husband who I can assure you does exactly as he wishes loves to tell people he did or didn’t do something because of the big, bad wifey. I don’t mind it at all because I can play that game too.
ParticipantYou’re a pretty smart critter. My husband who I can assure you does exactly as he wishes loves to tell people he did or didn’t do something because of the big, bad wifey. I don’t mind it at all because I can play that game too.
ParticipantYou’re a pretty smart critter. My husband who I can assure you does exactly as he wishes loves to tell people he did or didn’t do something because of the big, bad wifey. I don’t mind it at all because I can play that game too.
ParticipantWiley
FDIC and NCUA are insurance not just an agreement. T-Bills, NCUA and FDIC are all “backed by the full faith and credit of the United States Government- the strongest guarantee you can get”. I just don’t see the difference. I don’t understand why you would feel T-Bills are any safer. Treasury bills aren’t insured either.
ParticipantWiley
FDIC and NCUA are insurance not just an agreement. T-Bills, NCUA and FDIC are all “backed by the full faith and credit of the United States Government- the strongest guarantee you can get”. I just don’t see the difference. I don’t understand why you would feel T-Bills are any safer. Treasury bills aren’t insured either.
ParticipantWiley
FDIC and NCUA are insurance not just an agreement. T-Bills, NCUA and FDIC are all “backed by the full faith and credit of the United States Government- the strongest guarantee you can get”. I just don’t see the difference. I don’t understand why you would feel T-Bills are any safer. Treasury bills aren’t insured either.
ParticipantCredit Unions are covered by NCUA insurance. The amount of coverage depends on how the funds are held. If they are held in retirement accounts, Keogh and Roth IRAs are covered to $250,000 per account. It also depends on the ownership categories. Individual and joint accounts are covered to $100,000. You can get additional coverage for accounts that are held in a trust.
Basically an individual could actually have up to $600,000 in NCUA covered accounts. A married couple could have over a million in covered accounts and a family could have nearly 2 mil covered by NCUA insurance.
This is a PDF file but it explains it pretty well.
http://www.ncua.gov/ShareInsurance/SpecialBulletin.pdfAccording to the NCUA not one penny of insured savings has ever been lost by a member of a federally insured credit union. I’m going with the credit union over the mattress.
ParticipantCredit Unions are covered by NCUA insurance. The amount of coverage depends on how the funds are held. If they are held in retirement accounts, Keogh and Roth IRAs are covered to $250,000 per account. It also depends on the ownership categories. Individual and joint accounts are covered to $100,000. You can get additional coverage for accounts that are held in a trust.
Basically an individual could actually have up to $600,000 in NCUA covered accounts. A married couple could have over a million in covered accounts and a family could have nearly 2 mil covered by NCUA insurance.
This is a PDF file but it explains it pretty well.
http://www.ncua.gov/ShareInsurance/SpecialBulletin.pdfAccording to the NCUA not one penny of insured savings has ever been lost by a member of a federally insured credit union. I’m going with the credit union over the mattress.
ParticipantCredit Unions are covered by NCUA insurance. The amount of coverage depends on how the funds are held. If they are held in retirement accounts, Keogh and Roth IRAs are covered to $250,000 per account. It also depends on the ownership categories. Individual and joint accounts are covered to $100,000. You can get additional coverage for accounts that are held in a trust.
Basically an individual could actually have up to $600,000 in NCUA covered accounts. A married couple could have over a million in covered accounts and a family could have nearly 2 mil covered by NCUA insurance.
This is a PDF file but it explains it pretty well.
http://www.ncua.gov/ShareInsurance/SpecialBulletin.pdfAccording to the NCUA not one penny of insured savings has ever been lost by a member of a federally insured credit union. I’m going with the credit union over the mattress.
ParticipantYou’re right. It isn’t funny. It is true though.
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