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Seattle Bubble Forum Archive • View topic - Past Posting in Real Estate

Past Posting in Real Estate

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

Moderators: synthetik, The Tim, Lake Hills Renter

Past Posting in Real Estate

Postby Alan » Tue Jan 22, 2008 3:23 pm

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Postby jillayne » Tue Jan 22, 2008 4:32 pm

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Postby Alan » Tue Jan 22, 2008 5:01 pm

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Postby Ubersalad » Tue Jan 22, 2008 6:06 pm

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Postby Alan » Tue Jan 22, 2008 6:13 pm

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Postby sniglet » Tue Jan 22, 2008 8:03 pm

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Postby jillayne » Tue Jan 22, 2008 10:03 pm

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Postby Denny Retrograde » Wed Jan 23, 2008 12:30 pm

I think I recall some comments at calculatedrisk from close observers of actual loss mitigation practices in play around the country. Some loss mit folks are keeping their weapons holstered even in recourse states.

Where a lender has many borrowers jingle mailing, the risks and direct costs of going to court aren't especially attractive compared to letting the borrower walk and writing it off. Seems having recourse is not the same as choosing to exercise it.
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Postby Alan » Wed Jan 23, 2008 1:07 pm

I think that orgs dumb enough to make that many bad loans will also be dumb enough to not figure out the correct expected value of pursuing after delinquencies.

But then I'm feeling awfully cynical these days.
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Postby sniglet » Wed Jan 23, 2008 1:59 pm

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Postby rose-colored-coolaid » Wed Jan 23, 2008 2:03 pm

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Postby sniglet » Wed Jan 23, 2008 3:20 pm

Last edited by sniglet on Wed Jan 23, 2008 4:32 pm, edited 2 times in total.
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Postby rose-colored-coolaid » Wed Jan 23, 2008 4:26 pm

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Postby jillayne » Thu Jan 24, 2008 3:59 pm

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