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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (97989)12/20/2007 6:03:24 PM
From: Sr KRespond to of 306849
 
such a provision has to allow a paydown to 80% or some other L:V to continue at the usual terms



To: Lizzie Tudor who wrote (97989)12/21/2007 10:05:01 AM
From: John VosillaRespond to of 306849
 
'..this would be one of the predatory practices that won't continue. It doesn't pass the smell test.'

It also makes the odds of default near 100% if they are paying 18% interest for the privilege of continuing payment when they are upside down.....


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