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

To: energyplay who wrote (166984)	11/25/2008 11:38:27 AM
From: MulhollandDrive	Respond to of 306849

That's probably the best outcome for situations where the mortgage is far higher than what the "owners" can pay. That requires having enough investors, however. everything i read says there is untold amounts of cash on the sidelines waiting to be invested...it's there for a reason...if the gov't would get out of the way and stop with the programs to 'prop up' the insolvent, the real investors would step in and pick up the assets at prices that make sense in this environment the defaulters i was referring to was a quote from the AEI video , where it was stated that nearly 3 million of the loans are unworkable because, well, it's the borrower stupid... unless the lenders and the investors agree to cram down the loan to basically the same amount real investors would pay and get the loan amount to equivalent rent that the financial underclass who received these loans can afford to pay, they will default again, and it's lather rinse repeat