The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: RJA_ who wrote (105393)	2/16/2008 2:42:43 PM
From: MulhollandDrive	Read Replies (3) of 306849

He is just dumping a stock that went the wrong way... nope, not exactly the difference being when you dump a stock that goes the wrong way, you take a big f'ing loss, difference being if you ever skip out on a margin call, you'll probably never have another brokerage account again what's really happening now is more along the lines of contract breach efficiency that's what is happening with banks considering backing out of LBO....difference is at least they pay a hefty break up fee when that happens... obviously i have no sympathy for the idiot lender that made no doc 'stated income' loans to people who didn't have a prayer of meeting their obligation....the example i was referencing was some asshole who is $25k underwater with a 760 fico and "good income"...and finds himself in a less than optimal situation because he paid too much and compounded that mistake by leveraging with an adjustable mortgage that is ready to reset in you anyway, hopefully sanity will prevail with people like this guy, hopefully he will understand it really isn't throwing away your credit for years to come, and something tells me that's a pretty naive hope

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