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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ilaine who wrote (82151)3/18/2001 11:48:51 PM
From: LLCF  Read Replies (1) of 436258
 
<banks don't foreclose because there is no market. Banks don't want to own houses. >

They were grabbing houses like nuts around here in the early 90's... and the ones who didn't sold the loans for what they could get and let the vultures do the dirty work...trust deed sales a go-go were going on. Banks, in this case just close their eyes and write off the loans.

dAK
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