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

To: MulhollandDrive who wrote (105395)	2/16/2008 2:49:04 PM
From: JBTFD	Read Replies (2) \| Respond to of 306849

I would expect the bank to go after a deficiency judgement. I doubt anyone is going to be allowed to walk away no strings attached.

To: MulhollandDrive who wrote (105395)	2/16/2008 2:49:13 PM
From: Giordano Bruno	Respond to of 306849

Perhaps he is looking way out over the credit horizon where many shall wander and be averaged in.

To: MulhollandDrive who wrote (105395)	2/16/2008 11:57:35 PM
From: RJA_	Read Replies (1) \| Respond to of 306849

>>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 The same thing could happen with his future mortgages, based on his shiny new credit rating... But that depends on how eager lenders are to make those fees... and how likely it is that the ultimate purchasers are willing to take the paper. Not really so different, except for the willingness to lend.