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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (533406)	11/30/2009 1:31:17 PM
From: tejek	Read Replies (1) \| Respond to of 1574757

Why would a lender want to work with a borrower who has defaulted? It requires a modification of the loan and even then, its not likely to work. Better to foreclose and sell the property.....that's the attitude of most lenders. This is a totally absurd statement. Only if a lender were itself flat broke would such a decision make any sense at all. Jerkoff, this is my industry, not yours. I know how it works. Now go back to your knitting!

To: i-node who wrote (533406)	11/30/2009 1:43:37 PM
From: bentway	Read Replies (3) \| Respond to of 1574757

Asstalker, banks HATE to own properties. As a guy who's made a few bucks taking them off the banks hands at steep discounts, I know and profit from this. Most of the time, even if the bank takes a haircut, it's always better for them to have a chump in the properties making payments. ESPECIALLY in a market like this, where the banks have tons of properties already depreciating in their inventories, a huge number of which are kept OFF the market to prevent further depressing values.