Re: Hey banks! Isn't some monthly payment better than none?
Posted by Nick(Colorado) on October 24, 2008 at 12:20:24:
In Reply to: Hey banks! Isn't some monthly payment better than none?
Posted by Chris on October 23, 2008 at 15:55:24:
Criss:
Under normal circumstances foreclosure makes more
sense. Foreclosure cleanses the property of
subordinate liens. If the state allows recourse
there is a deficiency that can be sold. The
bank can take the full write off of the loss
when the REO is sold.
Follow Ups:
- Re: Hey banks! Isn't some monthly payment better than none? - cmc 11:22:16 10/25/08
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- Re: Hey banks! Isn't some monthly payment better than none? - Nick(Colorado) 15:13:59 10/26/08
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- Re: Hey banks! Isn't some monthly payment better than none? - steele in minnesota 12:28:01 10/25/08
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- Re: Hey banks! Isn't some monthly payment better than none? - cmc 20:04:42 10/25/08
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- Re: Hey banks! Isn't some monthly payment better than none? - steele in minnesota 23:07:39 10/25/08
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- Re: Hey banks! Isn't some monthly payment better than none? - Jo 19:20:54 10/24/08
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- Re: Hey banks! Isn't some monthly payment better than none? - steele in minnesota 12:34:55 10/25/08
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