Comments on: Foreclosures & Walking Away: 60 Minutes Eyes an ‘Epidemic’ http://ecreditdaily.com/2010/05/foreclosures-walking-60-minutes-eyes-epidemic/ Sun, 20 May 2012 21:49:40 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Should Government be for the people or for business? - Page 12 http://ecreditdaily.com/2010/05/foreclosures-walking-60-minutes-eyes-epidemic/comment-page-1/#comment-104007 Should Government be for the people or for business? - Page 12 Sat, 14 Jan 2012 14:03:57 +0000 http://ecreditdaily.com/?p=3373#comment-104007 [...] [...] [...] [...]

]]> By: The Big Lie: A Case Study. (Fannie/Freddy Caused the Great Recession Edition) http://ecreditdaily.com/2010/05/foreclosures-walking-60-minutes-eyes-epidemic/comment-page-1/#comment-95651 The Big Lie: A Case Study. (Fannie/Freddy Caused the Great Recession Edition) Thu, 29 Dec 2011 12:17:59 +0000 http://ecreditdaily.com/?p=3373#comment-95651 [...] Biggest Defaulters on Mortgages Are the Rich Rich Borrowers More Likely to Default on Mortgage Foreclosures & Walking Away: 60 Minutes Eyes an ‘Epidemic’ Speculation By Investors Largely Cause Of Foreclosure Crisis How the Foreclosure Crisis Started: [...] [...] Biggest Defaulters on Mortgages Are the Rich Rich Borrowers More Likely to Default on Mortgage Foreclosures & Walking Away: 60 Minutes Eyes an ‘Epidemic’ Speculation By Investors Largely Cause Of Foreclosure Crisis How the Foreclosure Crisis Started: [...]

]]> By: More consequences of bad home loans http://ecreditdaily.com/2010/05/foreclosures-walking-60-minutes-eyes-epidemic/comment-page-1/#comment-86589 More consequences of bad home loans Thu, 08 Dec 2011 20:03:31 +0000 http://ecreditdaily.com/?p=3373#comment-86589 [...] [...] [...] [...]

]]> By: A Lesson in Economic for Liberals - Page 11 - US Message Board - Political Discussion Forum http://ecreditdaily.com/2010/05/foreclosures-walking-60-minutes-eyes-epidemic/comment-page-1/#comment-78274 A Lesson in Economic for Liberals - Page 11 - US Message Board - Political Discussion Forum Sun, 27 Nov 2011 08:39:09 +0000 http://ecreditdaily.com/?p=3373#comment-78274 [...] [...] [...] [...]

]]> By: What Leftism Does to People - Page 17 - US Message Board - Political Discussion Forum http://ecreditdaily.com/2010/05/foreclosures-walking-60-minutes-eyes-epidemic/comment-page-1/#comment-62964 What Leftism Does to People - Page 17 - US Message Board - Political Discussion Forum Mon, 07 Nov 2011 19:39:06 +0000 http://ecreditdaily.com/?p=3373#comment-62964 [...] [...] [...] [...]

]]> By: Classic Liberalism V.S. Progressivism. - Page 17 - US Message Board - Political Discussion Forum http://ecreditdaily.com/2010/05/foreclosures-walking-60-minutes-eyes-epidemic/comment-page-1/#comment-49628 Classic Liberalism V.S. Progressivism. - Page 17 - US Message Board - Political Discussion Forum Thu, 06 Oct 2011 18:53:26 +0000 http://ecreditdaily.com/?p=3373#comment-49628 [...] [...] [...] [...]

]]> By: Who did what? - Page 3 - US Message Board - Political Discussion Forum http://ecreditdaily.com/2010/05/foreclosures-walking-60-minutes-eyes-epidemic/comment-page-1/#comment-45138 Who did what? - Page 3 - US Message Board - Political Discussion Forum Mon, 26 Sep 2011 17:00:43 +0000 http://ecreditdaily.com/?p=3373#comment-45138 [...] [...] [...] [...]

]]> By: Disaster Capitalism - Page 7 - US Message Board - Political Discussion Forum http://ecreditdaily.com/2010/05/foreclosures-walking-60-minutes-eyes-epidemic/comment-page-1/#comment-26428 Disaster Capitalism - Page 7 - US Message Board - Political Discussion Forum Sun, 26 Jun 2011 15:52:19 +0000 http://ecreditdaily.com/?p=3373#comment-26428 [...] [...] [...] [...]

]]> By: Bob http://ecreditdaily.com/2010/05/foreclosures-walking-60-minutes-eyes-epidemic/comment-page-1/#comment-4021 Bob Sun, 11 Jul 2010 16:46:02 +0000 http://ecreditdaily.com/?p=3373#comment-4021 A house is like any other investment,you buy and pay all those fee's with the idea the value will increase. If this were a stock transaction there would be no discussion you cut your losses. If a lender is willing to do a short sale and take the hit,why would they not offer the same to the current owner? age plays a role here,,,what if you are in your late 50's and you are in this mess, what are you to do. In the end families have to decide what is best for them,trust me banks are looking out for their shareholders and that is all they care about. You folks need to go back and read some history,how banks behaved during the great depression,,,there is no moral obligation,its a business transaction period. A house is like any other investment,you buy and pay all those fee’s with the idea the value will increase. If this were a stock transaction there would be no discussion you cut your losses.

If a lender is willing to do a short sale and take the hit,why would they not offer the same to the current owner?

age plays a role here,,,what if you are in your late 50′s and you are in this mess, what are you to do.

In the end families have to decide what is best for them,trust me banks are looking out for their shareholders and that is all they care about.

You folks need to go back and read some history,how banks behaved during the great depression,,,there is no moral obligation,its a business transaction
period.

]]> By: T-Rex http://ecreditdaily.com/2010/05/foreclosures-walking-60-minutes-eyes-epidemic/comment-page-1/#comment-2970 T-Rex Thu, 20 May 2010 09:01:49 +0000 http://ecreditdaily.com/?p=3373#comment-2970 How is it that someone who got into a home they could afford is being called a loser rather than a person who bought a home they could never afford is being helped? The reason people are walking from underwater mortgages that they can afford is because everyone around them foreclosed causing their property value to plummet. Also, greedy investors who own several properties deciding to bail out on their investments leave neighborhoods empty. What is the responsible homeowner left to do? Sit it out for 30 years until the value comes back? The contract didn't say the banks would be loaning money to people they knew could never pay it back. Creative loans that are now ILLEGAL were being signed sealed and delivered. Banks are a joke, and siding with them is ridiculous. If your home is underwater by 50% walk away. How is it that someone who got into a home they could afford is being called a loser rather than a person who bought a home they could never afford is being helped? The reason people are walking from underwater mortgages that they can afford is because everyone around them foreclosed causing their property value to plummet. Also, greedy investors who own several properties deciding to bail out on their investments leave neighborhoods empty. What is the responsible homeowner left to do? Sit it out for 30 years until the value comes back? The contract didn’t say the banks would be loaning money to people they knew could never pay it back. Creative loans that are now ILLEGAL were being signed sealed and delivered. Banks are a joke, and siding with them is ridiculous. If your home is underwater by 50% walk away.

]]>