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There are still zombie foreclosures on condos in my building

Posted on: August 20, 2017 at 13:57:36 CT

Salty Dog MU

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M.O.B. Votes:

There have been no payments made on some for over 8 years. As long as the mortgage companies leave them on the books, they are a $150,000 asset. If they foreclose, though, they become a $50,000 loss.

Edited by Salty Dog at 13:58:16 on 08/20/17

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Been reading about the 2008 real estate housing bubble and - MUTGR MU - 8/20 13:10:18

The "government caused it" myth has been debunked many times - Knucklehead MU - 8/20 14:56:59

Has it? It was predicted in 1999...... - Spanky KU - 8/20 17:24:02

the socialist dem excusing making line. - RHAYWORTH MU - 8/20 16:01:28

Absolutely wrong (nm) - pickle MU

- 8/20 15:25:07

No. Absolutely correct. Nm - SparkyStalcup MU - 8/20 16:57:06

horse#hit - 90Tiger MU - 8/20 17:24:05

money supply a factor? Is that gubmit? You think it was jus - 90Tiger MU - 8/20 15:13:41

RE: money supply a factor? Is that gubmit? You think it was jus - MUTGR MU - 8/20 15:18:49

if you don't expand money supply vastly beyond real economic - 90Tiger MU - 8/20 15:20:48

RE: The - MUTGR MU - 8/20 15:00:15

There are still zombie foreclosures on condos in my building - Salty Dog MU

- 8/20 13:57:36

Fannie and Freddie were followers - SparkyStalcup MU - 8/20 13:26:36

RE: Fannie and Freddie were followers - MUTGR MU - 8/20 13:28:42

And yet, they were followers despite being "early". - SparkyStalcup MU - 8/20 13:38:29

RE: And yet, they were followers despite being "early". - MUTGR MU - 8/20 13:42:03

It was actually quite small. Wall Street greed and rampant - SparkyStalcup MU - 8/20 16:56:07

RE: It was actually quite small. Wall Street greed and rampant - 90Tiger MU - 8/20 17:23:05

and the final blow: - 90Tiger MU - 8/20 17:20:54

RE: It was actually quite small. Wall Street greed and rampant - 90Tiger MU - 8/20 17:19:26

lmao, good grief the things you convince yourself to be true - 90Tiger MU - 8/20 17:17:33

Austrian Business Cycle - pickle MU

- 8/20 13:13:53

Yes... - MUTGR MU - 8/20 13:20:52