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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
Robbien (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 07:05 AM Original message |
Bank 'walkaways' from foreclosed homes are a growing, troubling trend |
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Turbineguy (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 07:09 AM Response to Original message |
1. "...lack of respect..."? |
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saigon68 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 07:37 AM Response to Reply #1 |
7. Many people simply walk away also |
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geckosfeet (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:18 AM Response to Reply #7 |
19. Damn that human detritus. |
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comrade snarky (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 04:02 PM Response to Reply #19 |
63. Spend a few years |
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MUAD_DIB (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:27 AM Response to Reply #7 |
23. Don't you just love Humanity? |
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Name removed (0 posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:25 AM Response to Reply #1 |
37. Deleted message |
Raven (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 07:17 AM Response to Original message |
2. You have to wonder why these banks don't renegotiate these loans |
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ejpoeta (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 07:19 AM Response to Reply #2 |
4. it would make more sense. i mean, foreclosing on a home costs them a lot more |
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Raven (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 07:36 AM Response to Reply #4 |
6. It may be because so many mortgages have been sold and are |
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ChairmanAgnostic (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:44 AM Response to Reply #4 |
25. rational thinking and mortgage companies do not mix |
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ejpoeta (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 11:26 AM Response to Reply #25 |
52. i swear i think they are just being assholes when they won't even talk about anything |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:09 AM Response to Reply #4 |
33. Can't be done.... |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 07:29 AM Response to Reply #2 |
5. The banks don't want to lower the principal amount of the loan |
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Raven (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 07:40 AM Response to Reply #5 |
8. Renegotiate the interest rate and extend the term of the loan... |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 07:52 AM Response to Reply #8 |
10. Because just reducing the interest rate |
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izquierdista (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 08:41 AM Response to Reply #10 |
12. Mark to market |
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marketcrazy1 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:46 AM Response to Reply #12 |
27. if the big banks |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:37 AM Response to Reply #27 |
38. That's the key issue |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 11:45 AM Response to Reply #38 |
55. Wow, That's damning. |
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Delphinus (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:49 AM Response to Reply #27 |
43. I'm beginning to understand. |
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marketcrazy1 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 11:03 AM Response to Reply #43 |
49. thats the gist of it Delphinus |
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izquierdista (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 02:52 PM Response to Reply #27 |
62. If there was an orderly market..... |
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Igel (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 07:20 PM Response to Reply #62 |
64. Ah, but your solution makes for massive problems. |
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izquierdista (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 08:37 PM Response to Reply #64 |
65. Part of a larger plan |
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elehhhhna (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:24 AM Response to Reply #10 |
22. Well, it can -- a DUer recently renegot.'d an adjustment to |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:40 AM Response to Reply #22 |
39. Say what?? |
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elehhhhna (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:51 AM Response to Reply #39 |
46. probably a 2 yr. adjustable w/ rate cap-- don't have details -- but I believe her. |
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alisabalterman (3 posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:44 AM Response to Reply #22 |
42. I renegociated my mortgage and my credit cards too |
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elehhhhna (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:49 AM Response to Reply #42 |
45. Great job BUT |
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cap (1000+ posts) Send PM | Profile | Ignore | Mon Jul-20-09 06:45 AM Response to Reply #42 |
67. the price of oil will go up... please plan for it... |
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mbperrin (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:02 AM Response to Reply #5 |
29. And yet, when the house falls in, they will get nothing at all. Bankers |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:12 AM Response to Reply #29 |
34. Bankers have little to do with mortgage servicers..... |
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mbperrin (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:49 AM Response to Reply #34 |
44. Okay, let me rephrase. What idiot group of bankers decided to go to a model |
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Lance_Boyle (1000+ posts) Send PM | Profile | Ignore | Tue Jul-21-09 12:29 PM Response to Reply #5 |
70. "fraudulent high prices?" |
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Demeter (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 08:49 AM Response to Reply #2 |
14. Bankers Admit Failure? Never Happen |
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InkAddict (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:42 AM Response to Reply #14 |
40. Anecdotally, Dem |
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geckosfeet (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:19 AM Response to Reply #2 |
20. Because it is preferable to give the human detritus a place to smoke crack and shoot up smack. |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:08 AM Response to Reply #2 |
30. The Obama plan requires very specific criteria to renegotiate |
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Jackpine Radical (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:42 AM Response to Reply #2 |
41. The banks often don't own the notes any more. |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 11:41 AM Response to Reply #2 |
54. It's vindictive, right-wing thinking mixed it with dogmatic adherence to the rulebook. |
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gorfle (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 12:14 PM Response to Reply #2 |
56. I think it's coming. |
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flvegan (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 01:44 PM Response to Reply #2 |
61. Because they're idiots and because databases don't negotiate. |
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ejpoeta (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 07:18 AM Response to Original message |
3. how can they get away with this!! they walk away after the owner vacates but before they own it.... |
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droidamus2 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 07:50 AM Response to Original message |
9. Huh? |
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jobendorfer (429 posts) Send PM | Profile | Ignore | Tue Jul-21-09 12:56 PM Response to Reply #9 |
72. One possible reason: |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 08:05 AM Response to Original message |
11. If I was a former borrower in that situation... |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:14 AM Response to Reply #11 |
35. I THINK that they are talking about starting the foreclosure |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:57 AM Response to Reply #35 |
47. As I said, the person holding the title always has the option of doing a Quit Claim |
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csziggy (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 01:33 PM Response to Reply #47 |
59. Yes, buy up the tax certificates if the bank is not paying property taxes |
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bobshin (165 posts) Send PM | Profile | Ignore | Sun Jul-19-09 08:42 AM Response to Original message |
13. Some advice I've heard from several acquaintances in their situations |
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Number_Six (165 posts) Send PM | Profile | Ignore | Sun Jul-19-09 08:55 AM Response to Original message |
15. Not just houses! |
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POAS (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:08 AM Response to Reply #15 |
17. Make sure he takes lots of pictures to prove it wasn't |
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Lance_Boyle (1000+ posts) Send PM | Profile | Ignore | Tue Jul-21-09 12:34 PM Response to Reply #15 |
71. Of course they don't want the car back, or the house, or whatever |
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bemildred (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:03 AM Response to Original message |
16. Does this make it a depression yet? |
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POAS (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:10 AM Response to Original message |
18. I would think that in a case |
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Vidar (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:23 AM Response to Original message |
21. I'm so sorry the thieves' booty isn't more profitable. |
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Kweli4Real (792 posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:31 AM Response to Original message |
24. I guess that's why ... |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:16 AM Response to Reply #24 |
36. Can't do it... |
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Christa (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:46 AM Response to Original message |
26. Time to let squatters move in |
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Joanne98 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 09:50 AM Response to Original message |
28. The banksters are destroying the country! |
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NJCher (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:09 AM Response to Original message |
31. I used to wonder why banks do things that don't make sense, too |
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winyanstaz (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:09 AM Response to Original message |
32. About ten years ago, in Snohomish County, WA state, |
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dysfunctional press (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 12:40 PM Response to Reply #32 |
57. it's only the middle of the month... |
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JanusAscending (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 10:53 PM Response to Reply #57 |
66. You've got some nerve! |
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winyanstaz (1000+ posts) Send PM | Profile | Ignore | Mon Jul-20-09 10:35 PM Response to Reply #57 |
68. I am sorry that you have run out of meds. |
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dysfunctional press (1000+ posts) Send PM | Profile | Ignore | Tue Jul-21-09 12:24 PM Response to Reply #68 |
69. i haven't. |
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winyanstaz (1000+ posts) Send PM | Profile | Ignore | Tue Jul-21-09 02:24 PM Response to Reply #69 |
73. get a life kid...and stop with the childish posts already..thanks :) |
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dysfunctional press (1000+ posts) Send PM | Profile | Ignore | Wed Jul-22-09 07:54 AM Response to Reply #73 |
74. fine with me... |
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djp2 (276 posts) Send PM | Profile | Ignore | Sun Jul-19-09 11:02 AM Response to Original message |
48. Why don't they just let the owners stay.. |
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chill_wind (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 11:09 AM Response to Original message |
50. This is so incredibly destructive on so many levels |
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villager (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 11:16 AM Response to Original message |
51. when is the first brick going through the first bank window? |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 11:34 AM Response to Original message |
53. The banksters are anti-social creeps? Who knew? |
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crickets (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 01:17 PM Response to Original message |
58. K&R for informative (though depressing) discussion. -nt |
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Wednesdays (1000+ posts) Send PM | Profile | Ignore | Sun Jul-19-09 01:40 PM Response to Original message |
60. K&R |
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