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Newsjock (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 09:21 PM Original message |
Courthouse-step auctions offer 1,336 properties in foreclosure -- 17 are sold |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 09:39 PM Response to Original message |
1. The rich are going to now find out that the rest of us don't have any money. |
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cstanleytech (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 10:42 PM Response to Reply #1 |
10. Yeah but like usual |
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Delphinus (1000+ posts) Send PM | Profile | Ignore | Sun Dec-16-07 07:12 AM Response to Reply #10 |
14. What's the french solution? |
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cstanleytech (1000+ posts) Send PM | Profile | Ignore | Sun Dec-16-07 10:09 AM Response to Reply #14 |
15. Oui, oui. NT |
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tuckessee (1000+ posts) Send PM | Profile | Ignore | Sun Dec-16-07 12:12 PM Response to Reply #10 |
16. So you want to kill rich people. |
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cstanleytech (1000+ posts) Send PM | Profile | Ignore | Sun Dec-16-07 07:09 PM Response to Reply #16 |
17. Ken Lay is a prime example |
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mitchum (1000+ posts) Send PM | Profile | Ignore | Mon Dec-17-07 06:04 PM Response to Reply #17 |
23. Roll, tumbrils, roll |
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LanternWaste (1000+ posts) Send PM | Profile | Ignore | Mon Dec-17-07 01:25 PM Response to Reply #10 |
18. I think the FDR solution would be more... |
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Hekate (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 09:45 PM Response to Original message |
2. Lenders would be a damn sight better off readjusting the mortgages & letting the buyers stay put... |
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annabanana (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 10:01 PM Response to Reply #2 |
3. The predatory lenders aren't the ones who are taking the hit.. |
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Bozita (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 10:30 PM Response to Reply #3 |
8. Right! The predatory lenders are still advertising. Turn off your spam filter and see. |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 11:05 PM Response to Reply #2 |
11. You are so right! |
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1932 (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 11:32 PM Response to Reply #2 |
13. Lenders make their money from interest on money lent, so they're better off when people have zero |
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williesgirl (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 10:02 PM Response to Original message |
4. Good. I hope nobody buys them in any city. Let the mortgage bankers sit on them, maybe it'll teach |
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Sen. Walter Sobchak (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 10:20 PM Response to Original message |
5. It isn't that unusual for properties not to sell at the auction |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 10:33 PM Response to Reply #5 |
9. True |
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happyslug (1000+ posts) Send PM | Profile | Ignore | Mon Dec-17-07 05:40 PM Response to Reply #9 |
20. That is my experience in Pennsylvania, the question then become why are the banks NOT bidding? |
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ohio2007 (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 10:22 PM Response to Original message |
6. Bankers should offshore to Afghanistan |
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riqster (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 10:28 PM Response to Original message |
7. An overpriced foreclosure |
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1932 (1000+ posts) Send PM | Profile | Ignore | Sat Dec-15-07 11:27 PM Response to Original message |
12. When you buy at auction, you take subject to all outstanding liens. |
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Hugin (1000+ posts) Send PM | Profile | Ignore | Mon Dec-17-07 01:29 PM Response to Reply #12 |
19. Not to mention (around here) you're responsible for the appraised property tax... |
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happyslug (1000+ posts) Send PM | Profile | Ignore | Mon Dec-17-07 05:53 PM Response to Reply #12 |
22. The Banks have to buy them first. |
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ckramer (1000+ posts) Send PM | Profile | Ignore | Mon Dec-17-07 05:43 PM Response to Original message |
21. If they started the bid at $200,000, it would be more realitic to get rid of |
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