Quote:
Originally Posted by SmokeyTheBear
happens all the time although isn't something you would hear about because most people who are foreclosed don't follow the price of the house they lost price  |
Any stats to back that up?? If happens all the time means 1 out of 200 times then I would agree with you that is possible. But it is certainty far far from the norm.
Quote:
Originally Posted by MrMaxwell
That wouldn't scare me a bit if the structure is good
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Hell no, because you getting that shit cheap and most of it is gutted for you already. That right there is an opportunity.
Quote:
Originally Posted by MrMaxwell
That is what I was trying to say!
The banks were pushed into accepting bad loans, started making money doing it and got wild and greedy when real estate was so hyper inflated...
Blame lies with the idiots who didn't read their loan docs, bought homes they could not afford which were not worth what they paid at all, mortgage brokers who helped spoof income documents, the greedy idiots at the banks
Basically almost every human fucking being in this country is too god damned fucking worthless and stupid and greedy and ignorant and troublesome and annoying to even be alive and that is why I want to k*** almost everyone I fucking TALK TO
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Amen....
The govt allowed/foreced the banks to do it.
The banks approved the loans for broke dick idiots.
The broke dick idiots wanted more house then they could afford.
Still at the end of the day, I blame the broke dick idiots the most. Everyone shares some blame, but how old were these people, mostly 30s,40s,50s etc... we not talking a fucking child who didn't know better. These were grown fucking adults. And while some people lost their jobs and it caused them to lose their house, if they wouldn't have had such a high mortgage and if they would have had a fucking savings, emergency fund, etc.. they most likely would have made it through. It's the morons who went from renting a $800 a month apartment to having a $2500 mortgage that lost that job and couldnt afford the $2500 mortgage and went right back to renting for $800. So to all the people who say, but what about all the poor innocent people who lost their jobs, most of them were idiots that deserve the blame as well.
Quote:
Originally Posted by woj
I don't agree that it should be their job, if it is their job then clearly there is a conflict of interest, so it can't be their job... they crunch the numbers to make sure they don't get fucked on the deal, they could care less about the borrower...
and there is nothing really "predatory" about that, they run a business just like any of us... many of us could care less if some stupid fuck just spent $500 on cams and now won't be able to afford groceries for his family, as long as we get our 50% commission, and why should we care? if he wants to pay $500 to jerk off, it's his problem...  |
The whole predatory thing is bullshit imo too. So the bank gave you the loan you wanted, you fuck up and can't pay it, so then you going to claim the bank fucked you... say what????