Stephen, > Now the deed holder is just screwed. > > So do we falsify the overall VALE of property so the current owners > will feel comfortable? How the heck do you do that? > > I see this continuing for the next 5+ years. It is only going to get > worse. Lenders will not want to get hammered because the buyers get > remorse 1,2,3 years into the future.
I see it this way. 1) The deed holder can still get the property back 2) The land still has value -- probably the value it had about 2-3 years ago 3) Homes should be purchased to LIVE in, and not for investment 4) Most homeowners won't walk away from upside down loans if terms are changed so they can stay in their homes Kristyne McDaniel http://www.kristynemcdaniel.com/blog http://www.mcstyles.com/ Whether you think you can, or you think you can't.... you are right. -- Henry Ford _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
