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Lil Missy (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 08:12 PM Original message |
Frustrated Owner Bulldozes Home Ahead Of Foreclosure |
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LeftyMom (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 08:14 PM Response to Original message |
1. Yeah, that's totally rational. |
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Lil Missy (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 08:23 PM Response to Reply #1 |
3. If I owe 5K, they take my car instead of my 5K so they can sell it for 10K, PLUS |
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OneTenthofOnePercent (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 08:29 PM Response to Reply #3 |
5. When repossesed property is sold, the excess profit is paid back, I believe. |
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Lil Missy (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 08:35 PM Response to Reply #5 |
7. Okay, then I misunderstood. So then why does the bank refuse the $170K and insist on foreclosure? |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 09:25 PM Response to Reply #7 |
13. The bank is not a real estate agent |
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wroberts189 (1000+ posts) Send PM | Profile | Ignore | Fri Feb-19-10 02:03 AM Response to Reply #5 |
20. I read a story recently where the bank auctioned the house to itself for 10 dollars. |
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LeftyMom (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 08:37 PM Response to Reply #3 |
9. They pay back the excess. |
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Lil Missy (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 09:02 PM Response to Reply #9 |
10. If he would get the excess, then I misunderstood. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 09:27 PM Response to Reply #10 |
16. He'll be lucky to get $10,000 |
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wroberts189 (1000+ posts) Send PM | Profile | Ignore | Fri Feb-19-10 02:05 AM Response to Reply #16 |
21. ..another good point. nt |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 09:26 PM Response to Reply #9 |
14. You are going to see more of this |
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wroberts189 (1000+ posts) Send PM | Profile | Ignore | Fri Feb-19-10 02:06 AM Response to Reply #14 |
22. Yep.. when you have nothing left to lose it changes everything. nt |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 09:33 PM Response to Reply #1 |
18. I don't think economic depressions |
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OneTenthofOnePercent (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 08:17 PM Response to Original message |
2. This guy is an idiot. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 09:30 PM Response to Reply #2 |
17. Have you ever talked to a person who has gone through a foreclosure sale or tax lien sale? |
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Violet_Crumble (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 08:24 PM Response to Original message |
4. If someone else had offered to pay off the rest of the loan, how could the bank refuse? |
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Lil Missy (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 08:36 PM Response to Reply #4 |
8. That's why I thought it was a ripoff - for the bank to foreclose so they can get more than owed. |
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depakid (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 09:06 PM Response to Reply #4 |
11. From the limited facts we have here, it looks like the bank took recourse on the home |
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wroberts189 (1000+ posts) Send PM | Profile | Ignore | Fri Feb-19-10 02:16 AM Response to Reply #4 |
24. That's a good question... mortgages get sold and bought all the time. |
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demigoddess (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 08:34 PM Response to Original message |
6. could be that the value was really in the land and the bank could sell it to a business |
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marybourg (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 09:23 PM Response to Original message |
12. It's really imposible to understand what happened just by reading |
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asdjrocky (1000+ posts) Send PM | Profile | Ignore | Thu Feb-18-10 09:26 PM Response to Original message |
15. Now that shit is good. |
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Historic NY (1000+ posts) Send PM | Profile | Ignore | Fri Feb-19-10 12:49 AM Response to Original message |
19. His legal problems are only beginning. |
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omega minimo (1000+ posts) Send PM | Profile | Ignore | Fri Feb-19-10 02:07 AM Response to Original message |
23. Fuck Teabaggers. This is how Slow Food Movement began in Italy with farmer protest against McDeathys |
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bobburgster (1000+ posts) Send PM | Profile | Ignore | Fri Feb-19-10 08:07 AM Response to Original message |
25. I admire that! |
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bobburgster (1000+ posts) Send PM | Profile | Ignore | Fri Feb-19-10 08:13 AM Response to Original message |
26. Hahaha, great for him! |
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