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

To: MulhollandDrive who wrote (150370)	9/25/2008 4:38:15 PM
From: Johnny_Blaze_420	Read Replies (1) \| Respond to of 306849

the standoff is not because they can't be priced. that part isn't as hard as you say. it's what the holding bank will take. it makes more sense to hold on the books as level 3 then sell at 15 cents or whatever the fair market value is and have to take the write down now. keeping on the books and writing off small amounts every quarter was a better strategy. distressed sales of the loan pools has no effect on housing comps. i think you are equate the sale of the pool to the sale of the house, or is your assumption that the eventual buyer of the pool will foreclose and thus call a comp revision?