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


To: koan who wrote (278523)9/25/2010 12:44:17 AM
From: Broken_ClockRead Replies (1) | Respond to of 306849
 
koan

some of that depends on where the paper came from.

If bank A is now the lien holder on the lien originally made by bank B which went under when the FDIC rolled into town, then it's possible that bank A is playing with house money.

No incentive to short sale.FDIC is guaranteeing 85-90% of the original loan amount to bank A in exchange for the bank helping the FDIC unload toxic crap.