for which bank firm do yuo work. the banks make abailable this crapy loans to people fully knowingly tha,t there were no way on earth that they could posible pay the money back. That is the real problem. they made and disign those loans to sale them and profit.they try to shift the bleme to the cosumers.
If the banks sell the homes on foreclosure, they will get less than fair market value. Cram down assumes fair market for the home. At least a "cram down" saves the rest of the neighborhood from the adverse effects of foreclosure. There should be future equity sharing for the bank though.
you mean the guy in the cartoon with the 2 cars, the boat, and the 42" plasma? Thats not me, I spent the last 3 years living within my means....Yea, he sounds like he's got it really rough
for which bank firm do yuo work. the banks make abailable this crapy loans to people fully knowingly tha,t there were no way on earth that they could posible pay the money back. That is the real problem. they made and disign those loans to sale them and profit.they try to shift the bleme to the cosumers.
113mendoza1 2 years ago
If the banks sell the homes on foreclosure, they will get less than fair market value. Cram down assumes fair market for the home. At least a "cram down" saves the rest of the neighborhood from the adverse effects of foreclosure. There should be future equity sharing for the bank though.
hucklberrydoc 3 years ago
Obviously you are not a home owner in risk of foreclosure!
angelcruzpr 3 years ago
you mean the guy in the cartoon with the 2 cars, the boat, and the 42" plasma? Thats not me, I spent the last 3 years living within my means....Yea, he sounds like he's got it really rough
rasm0130 3 years ago