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

To: JBTFD who wrote (105401)	2/16/2008 3:17:40 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 306849

The loans were sold long ago, who's supposed to cough up the difference?

To: JBTFD who wrote (105401)	2/16/2008 3:37:36 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

To me it seems in everyone's interest to think about negotiating resets that would not be so dramatically bad for the borrowers of course. workouts ARE being done but it works both ways what do you say to a guy who has good income and credit but suggests that it's in his interest to 'walk away' because his house is worth less than he borrowed? the specter of moral hazard run amok is rearing its head and we should be doing what we can to reduce it, by insisting on consequences to BOTH parties of a contract gah....this just irritates me no end, it's gorgeous outside, time to get out the bike