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NYC_SKP

(68,644 posts)

3. It's a good idea, it should be done, and private investment firms acting as leinholders....

Reply to steve2470 (Original post)

Sat Jul 14, 2012, 06:11 PM

Jul 2012

...is no different than banks holding the deeds.

I don't see the problem with the government facilitating this.

What would be nice is if the original mortgage holders could have first pop at the new, lower priced mortgages.

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Highlight:

California County Considers a Rescue Plan for Struggling Homeowners [View all] steve2470 Jul 2012 OP

How many fucking loans are the banks making in the area now? I would hate Vincardog Jul 2012 #1

Fu-k Banks being discouraged from granting loans orpupilofnature57 Jul 2012 #2

It's a good idea, it should be done, and private investment firms acting as leinholders.... NYC_SKP Jul 2012 #3

If the banks don't like it... 99Forever Jul 2012 #4

The neighboring city of San Bernardino has filed for bankruptcy tularetom Jul 2012 #5

If it makes the banksters mad, it's probably a good plan. NT Trillo Jul 2012 #6

I have to wonder how Mortgage Resolution Partners, the firm that approached SB County benefits... cherokeeprogressive Jul 2012 #7