I stopped whining about the economy long enough to type this...
UncommonSense
· 1 year ago
Those are psychosomatic foreclosures.
You only feel homeless.
Soundboy_jeff_meanie
· 1 year ago
what I'd like to know is...
bad loans are propped up by the government... the bank forecloses on the home.
if the government paid for the bad loan, why does the bank (or whomever owns the loan) get to keep the house?
there are foreclosures everywhere out here, but the banks don't want to make a deal on them. the prices are only WAY down if you're looking to SELL your home for some reason.
so, the loans are propped up by our taxes... they take our homes.... and sit on the properties until prices start to rise again? how is that fair?
if the government propped up the loans, shouldn't the government own the properties?
kh7463
· 1 year ago
I had my house on the market for three years, off and on. In January I listed it with a firm that specializes in "short sales". On January 25 we faxed an offer only $20,000 below what I owed on the house, since then there have been 3 more offers. The bank has not yet contacted my realtor to accept any of them. The house is being auctioned August 1st. My mortgage company is/was IndyMac Bank.
Rob Mule
· 1 year ago
Hyperfluid intangibility forecasts appear positive as do imaginary transubstantial capital flow matrices...
Soundboy_jeff_meanie
· 1 year ago
"hee hee, he's talking all funny!" - homer simpson
Soundboy_jeff_meanie
· 1 year ago
which reminds me... anyone want to buy a townhome for $460,000 that's only worth $325,000?
unrepentant_expat
· 1 year ago
" Hold on to your cash because he surely has a new way to send the economy down the drain."
I suspect it's the gold and silver you want to hold on to, Gramm's not through devaluatiing that green paper. Wait too long and you'll need that proverbial German wheelbarrow.
Rob Mule
· 1 year ago
"I'll give 'ya $800,000", said Cindy McCain, "But I want it bigger with a pool and a gourmet kitchen."
unrepentant_expat
· 1 year ago
And Cindy, 'Cruella of the Kitchen', will need a library for all those cookbooks she's written.
jr
· 1 year ago
tinkle down economics in action
kh7463
· 1 year ago
The house I lived in for 18 years is being auctioned off August 1.
CitizenX
· 1 year ago
Good news, folks. At least that is the way I heard it on the radio this morning on the way to work.
The number of foreclosures was down. I guess compared to last month they were. Here I was, fooled by a clear channel station.
All Comments
Phil Gramm Recession Is Mental, America Is Nation Of Whiners
http://www.huffingtonpost.com/2008/07/10/mccain...
You only feel homeless.
bad loans are propped up by the government... the bank forecloses on the home.
if the government paid for the bad loan, why does the bank (or whomever owns the loan) get to keep the house?
there are foreclosures everywhere out here, but the banks don't want to make a deal on them. the prices are only WAY down if you're looking to SELL your home for some reason.
so, the loans are propped up by our taxes... they take our homes.... and sit on the properties until prices start to rise again? how is that fair?
if the government propped up the loans, shouldn't the government own the properties?
I suspect it's the gold and silver you want to hold on to, Gramm's not through devaluatiing that green paper. Wait too long and you'll need that proverbial German wheelbarrow.
The number of foreclosures was down. I guess compared to last month they were. Here I was, fooled by a clear channel station.