The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy Jetson who wrote (28014)	3/11/2005 5:22:14 AM
From: KM	Read Replies (1) of 306849

They can't even give it back to the bank in the first instance. If a deficiency is created and they don't meet the means test, off to 13 they go. How about this. The companies who buy chargeoffs and deficiency judgments for pennies on the dollar and make nice profits if they are able to collect - they're going to now have to pay more to the original lenders to acquire these assets because the assumption is no longer there that the debts could be completely discharged in chapter 7. Also, there will be an avalanche of chapter 7s filed right away and in the next 6 months before the bill takes effect and probably a lot of assets they are holding will be flushed. If there are any publicly traded companies in the collection agency/asset liquidation business, they probably can be shorted for profit right now.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next