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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: Roads End who wrote (13441)3/23/2011 1:30:51 PM
From: bentway1 Recommendation  Read Replies (2) of 119360
 
"At present, the average recovery out of RE foreclosures for lenders is in the region of 33%."

Are mortgage bankers math-challenged Dumbfuckistais? You'd think with numbers like that, they'd attempt some serious loan modification negotiations, and if they could get one to where they'd recover 50% or more of the loans value, which a lot of defaulting homeowners would go for, they'd jump on it.

Instead, they insist "a deal is a deal", and lose money! They DESERVE bankruptcy!
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