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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ridingycurve who wrote (71201)10/6/2006 3:06:25 PM
From: loantech  Read Replies (1) of 110194
 
Thanks for the clarity. I guess in most cases if a borrower is failing on a 2nd the 1st will fail too.

It is too bad a lot of people in past years would let their property go into foreclosure and they had equity. Could have maybe gotten 10 or 20 k even after a quick sale and the RE commission. Now days maybe not much equity in the ones going south.
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