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To: Paul Kern who wrote (80004)7/9/2009 12:21:54 PM
From: Cogito Ergo SumRespond to of 118717
 
I rest my case :O)



To: Paul Kern who wrote (80004)7/9/2009 12:26:59 PM
From: Keith FeralRead Replies (1) | Respond to of 118717
 
Generally speaking, banks are selling foreclosed homes for 69% of the original loan amount. However, that figure probably doesn't cover the expenses a bank has to incur. I guess that's why the banks are getting so much more aggressive with modifications. It saves alot of money to keep the same person in the house, and they get paid by Obama to process the modification. Most importantly, the mortgage payments keep coming in.


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