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

To: ggersh who wrote (287910)	10/30/2010 8:38:41 PM
From: Bank Holding Company	Read Replies (1) \| Respond to of 306849

>> whose responsibility it is to due due diligence! That is solely up to the lender! << They did doodoo Diligence.

To: ggersh who wrote (287910)	10/31/2010 12:39:26 AM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 306849

Stop beating him over the head with THE FACT whose responsibility it is to due due diligence! valuepro thinks the borrowers went into the banks guns drawn stealing the money.lol --------------------- Probably true, but still irrelevant as you're forgetting about whose responsibility it is to due due diligence! That is solely up to the lender!

To: ggersh who wrote (287910)	10/31/2010 6:12:26 PM
From: Valuepro	Read Replies (2) \| Respond to of 306849

"you're forgetting about whose responsibility it is to due due diligence!" And the real estate brokers are supposed to pre qualify buyers, and the mortgage brokers are supposed to qualify borrowers, and borrowers are supposed to have enough sense to know when too much debt is too much. It ain't just the banks at fault. By the way, bubbles are sustained by those buying in and those selling into it. By the time everyone understands what's going on, they are so addicted they can't stop, even though everyone knows it's only a matter of time before things pops. Like I said, it's a cycle, and it's social psychology. No matter what is done now in the aftermath of the Financial Crisis, it will happen again.