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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: chic_hearne who wrote (82147)3/18/2001 7:05:11 PM
From: Earlie  Read Replies (2) of 436258
 
Chic:

With respect to the developing problems for the banksters, we should also add in the folk who can't make the payments (job loss) and can't sell the house for enough to cover the mortgage outstanding, so they just take a hike and leave the keys in the mailbox. It is happening already, albeit on a small scale. And as most on this thread know, given the bank's propensity to securitize and dump the mortgages as soon as possible, guess who is bound to end up holding a big bunch of these difficult situations. (g)

Best, Earlie
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