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

To: MulhollandDrive who wrote (105400)	2/16/2008 3:14:17 PM
From: JBTFD	Read Replies (2) \| Respond to of 306849

The question I have is about these resets. I have heard the number that there will be $600 billion of ARMs that will reset in the first half of 2008. To me it seems in everyone's interest to think about negotiating resets that would not be so dramatically bad for the borrowers or to even keep the rate the same for a while longer as opposed to enforcing resets that will cause massive amounts of foreclosures. That might at least prevent a bad situation from being exacerbated.

To: MulhollandDrive who wrote (105400)	2/16/2008 4:22:48 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

If he chooses to walk and understands the consequences, so be it. I think the pimps/drug dealers are much sleazier than the addicts. Their actions are done with sound mind and they know exactly what their doing to the prostitutes/customers. They're making a business out of exploiting other human beings weakness/need/naivete. They're breaking some very basic principles of being a human. Rather than help, they knowingly hurt. In other words, the hell with the banks. They should all go under.