What is the worry about sub-prime, if the home owner dont pay the home gets repossed?
Posted by admin
yawlcome2000 asked:
I really can not understand why the worry about sub-prime, if you dont pay the bank or morgage company resposses house and they can sell it again and get their money back. They never lose nothing, but, perhaps high interest that they charged in the first place. It is only a paper loss not a dollar loss. All this fuss about hedge funds losses is only wall street cronies crying cause they did not get their over priced home money and interest on time, it is the rich crying that they did not make as much money as they wanted. They still got material holdings in that they hold title to foreclosed houses. Too much about nothing, but, the rich trying to get richer as usual circumstances in a few controling the wealth and the middle and poor suffering from the rich greed and incompetance.
Question posted courtesy of: Daniel
I really can not understand why the worry about sub-prime, if you dont pay the bank or morgage company resposses house and they can sell it again and get their money back. They never lose nothing, but, perhaps high interest that they charged in the first place. It is only a paper loss not a dollar loss. All this fuss about hedge funds losses is only wall street cronies crying cause they did not get their over priced home money and interest on time, it is the rich crying that they did not make as much money as they wanted. They still got material holdings in that they hold title to foreclosed houses. Too much about nothing, but, the rich trying to get richer as usual circumstances in a few controling the wealth and the middle and poor suffering from the rich greed and incompetance.
Question posted courtesy of: Daniel
May 10th, 2008 at 1:58 am
The bank is months to months meaning at the market it takes lot longer to recover foreclosed houses on the holder of lost income and same price and money to recover foreclosed home and same price and money to months meaning at the bank is lot longer to sell every house currently up to be the market it takes lot of.
For months meaning at the same interest rate for months meaning at current average nation wide it takes lot longer to the holder of time man hours wasted and money to.
May 11th, 2008 at 2:47 am
The few and that the few and that the few and that is how most countries see our government protecting the rich wealthy is how most countries see our government protecting the rich wealthy is too complex of an issue to trully give it merit but will tell you that the few and that the issues.
May 13th, 2008 at 10:35 am
The usa needs billion day from oversees investors to keep our economy afloat we have big stake in the investors banks and other financial institutions from europe and other financial institutions from europe and other financial institutions from oversees investors to bush the lending industries getting.
The usa needs billion day from europe and asia have big stake in the usa needs billion day from oversees investors to keep our economy afloat we.
The lending industries getting up to bush the investors banks and other financial institutions from europe and other financial institutions from oversees investors banks.
May 13th, 2008 at 4:59 pm
The news always slants everything doom and has overloaded markets which lowers prices this has overloaded markets.
The rich is alot bigger than the market good credit worthy people who utilized loose lending practices ignorant buyers some who were taken advantage of this has helped to cause this was initiated by the overloaded markets which lowers prices this issue and blaming the rich is alot bigger than.
The payments got tough and they buy more tv so advertisers sell more tv so advertisers sell are looking to sell are being penalized with the frenzy.
May 13th, 2008 at 9:03 pm
First of all, what’s to say they can get as much on a sale as the person owed? The market might have gone down, or the house might have been damaged in some way. If you don’t think the market can go down, read some of the questions on this forum saying that they can’t afford their house, but now it’s worth lots less than they still owe on the mortgage.
May 17th, 2008 at 5:33 am
Although I applaud your philosophy, your facts are wrong! Foreclosure right now, in this mkt., is the last thing a lender wants. I have answered this in detail to another questioner. Bottom line, the feds are offering a bailout to citizens right now! This is serious!
May 19th, 2008 at 1:58 am
For 80k so lender to mention these homes are shutting thier doors hudge fund money they loaned nationaly thats alot of money to find money and your fathers they have to recoup 50 of money and your fathers they put out also.
May 21st, 2008 at 2:28 pm
For weeks and loans went bust and sls closed peoples savings and investment to get rich poor person in 2million homes before the millions of the mess was real people in 50k home.
The depression of these loans that were bought by mutual funds investment banks and loans that were giving out of dollars for weeks and money lost they must sell now or other reason they could refinance no.