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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (533390)11/30/2009 2:14:49 PM
From: Tenchusatsu1 Recommendation  Read Replies (1) of 1574851
 
Ted, > Better to foreclose and sell the property.....that's the attitude of most lenders.

Seems like you and Bentway are contradicting each other.

So which is it? Lenders want to cut their losses and force foreclosure, or lenders would rather have someone continue to make payments despite the risk?

After all, it's not like banks haven't tried to screw over borrowers in classic lose-lose situations before. The YouTube woman whose credit card interest rate was hiked up comes to mind. What do the banks have to gain from this lunacy?

Tenchusatsu
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