Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: SteveinTX who wrote (51314)	4/3/2006 8:25:42 PM
From: bentway	Respond to of 306849

What's really been stolen? The bank gets the house, which was the asset that secured the HELOC. When the bank sells the house, they'll recover their money. If the bank loaned too much money on a depreciating, unsalable asset - who's fault is that? The real question is, how will the new bankruptcy laws affect this proposed scam?

To: SteveinTX who wrote (51314)	4/4/2006 8:39:22 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

OT: I think you and several others here may be confusing your personal beliefs of right and wrong with the law, which SUPPOSEDLY represents the majority's views of right and wrong. This is a business transaction, with predefined rules of what happens under what circumstances. If the bank takes your home because you can't make the payments, are they "stealing" it? If you answered no then how can you say if I choose to stop making the payments and let the bank take the house I am stealing? Have always been fascinated by the concept of "right" and "wrong". It changes based on perspective.