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You would think that the banks learned some lessons in '08

Posted on: August 16, 2023 at 06:34:30 CT
alwaysright MU
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about foreclosures when modifications are a viable option and then being hung with the property.

I know a guy that had a major health scare and lots of bills in '09. got 3 months behind on house payment. Went to the bank and said he didn't have 3 months in hand, but could get back on the normal plan. offered to modify the loan to add the three months onto the end. They said no, took his house, and sat on it for about 2 years because they couldn't sell it. Effing retarded banker.
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What if with all these skyscrapers that are empty from - KCT-BoneTiger MU - 8/15 22:08:20
     nobody is going to flock to the downtowns if crime keeps - CulturedDan MU - 8/16 08:50:06
          says the raytown guy unironically (nm) - lqf2b8 KC - 8/16 08:52:49
               93% of the crime in Raytown - Joeboo MU - 8/16 08:54:01
                    no, keep the crime there(nm) - CulturedDan MU - 8/16 10:40:31
                    As much as I give Dan crap about about Raytown I don't - lqf2b8 KC - 8/16 08:56:01
                         I joke, but not really - Joeboo MU - 8/16 08:59:12
                              correct, bottleneck it there(nm) - CulturedDan MU - 8/16 10:41:08
                              huge tax benefits for corporations in the name - colonel angus beef KC - 8/16 09:02:30
                                   there's kind of a reason that taxes exist for businesses - Joeboo MU - 8/16 09:08:24
                         That said I will still continue to make fun of Dan. I'll - lqf2b8 KC - 8/16 08:57:58
     I was about to say that is what happened to KC 15 - lqf2b8 KC - 8/16 08:47:10
          and then it mostly got reversed in the last 5 years(nm) - CulturedDan MU - 8/16 08:49:30
               downtown is still better off because of it. A lot better off - lqf2b8 KC - 8/16 08:52:27
     gentrification - Wildcat KSU - 8/15 23:36:49
     15 minute cities. Voila. nm. - MUTGR MU - 8/15 23:03:07
     the looming crash of the commercial real estate market is - Joeboo MU - 8/15 22:39:16
          Umm, banks can't "profit" off a foreclosure. They can... - Lerxst MU - 8/16 08:53:43
          You insure, fella?(nm) - Joshua Wegovy MU - 8/16 08:34:27
               other problem, no one wants to insure vacant property - Joeboo MU - 8/16 08:40:03
          I'm a little concerned - o'lineydisciple MU - 8/16 08:01:28
               sounds like they need to be condos - colonel angus beef KC - 8/16 08:24:15
                    LOL - o'lineydisciple MU - 8/16 09:51:47
                    or condors - SatoriTiger JC - 8/16 08:36:48
                         what did i say? i meant to say condors. - colonel angus beef KC - 8/16 08:42:36
                              Condor futures are about to soar - SatoriTiger JC - 8/16 09:35:39
                                   would you please take this serously? - colonel angus beef KC - 8/16 09:42:13
                                        I am - SatoriTiger JC - 8/16 09:54:47
          You would think that the banks learned some lessons in '08 - alwaysright MU - 8/16 06:34:30
               The banks did learn their lesson in 08 - SatoriTiger JC - 8/16 07:18:11
                    The rich will squeeze their pawns - TheShoe STL - 8/16 07:56:50
                    Yeah. One more step to the government owning everything - alwaysright MU - 8/16 07:25:50
          The biggest drop happened when Covid started. What you are - TigerFan92 STL - 8/16 04:27:38
          Errr - Wildcat KSU - 8/15 23:38:42
               super small scale there. Handful of properties - Joeboo MU - 8/15 23:44:39
                    it's a different change - o'lineydisciple MU - 8/16 08:04:53
                         work from home has hurt KC and the midwest in general - Joeboo MU - 8/16 08:41:34
          How much of those buildings are owned by banks - meatiger MU - 8/15 23:21:59




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