Real Estate Appraisal Forum

appraisersforum.com logo
The Premiere Online Community for Real Estate Appraisers!
 Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
 
 
Go Back   Appraisers Forum > Other Forums > General Real Estate and Real Estate Finance
Register Help Our Rules Calendar Archives Mark Forums Read


Closed Thread
 
Thread Tools
  #1  
Old 05-21-2009, 12:03 PM
Lawrence R.'s Avatar
Lawrence R. Lawrence R. is offline
 
Join Date: Mar 2007
Location: Winchestertonfieldville
State: South Carolina
Professional Status: Certified General Appraiser
Posts: 3,571
Default Option Arm Explosion.like we didn't know.

http://finance.yahoo.com/tech-ticker...&asset=&ccode=
__________________
It is never too late to do the right thing. If you want what you do to matter, it's the only way.
Sponsored Links

  #2  
Old 05-21-2009, 12:15 PM
Smokey Bear's Avatar
Smokey Bear Smokey Bear is offline
 
Join Date: Dec 2004
Location: The "OC" in Republican Land (Oh no!)
State: California
Professional Status: Certified Residential Appraiser
Posts: 12,470
Default

Gosh, we never saw it coming. Wonder what kind of whining we're going to hear from this bunch of borrowers.

It reminds me of people who bought houses on a 99 year land lease on the oceanfront in SoCal, with 30 years remaining. At the end of the 30 years they were faced with a HUGE raise in the land rent, and they raised a big hissy fit. Didn't they know they didnt' own the land? They knew darn well that property values had increased in that time, and that this was prime oceanfront land. Some people are so clueless.

It's like when you see really stupid driving from someone driving a Lexus. You have to wonder how they found the brains to earn the money to buy it if they're as stupid as their driving says they are.
__________________
For God's sake, if you need to take legal action, GET A LAWYER. I'm not giving legal advice.
  #3  
Old 05-21-2009, 01:26 PM
c w d's Avatar
c w d c w d is offline
 
Join Date: Oct 2006
State: Florida
Professional Status: General Public
Posts: 2,335
Default

Yet another failure of imagination. Who could've imagined?!?
__________________
Big Business
|........\
|........Government
|......../
Media
Sponsored Links

Closed Thread


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump




Copyright © 2000-, AppraisersForum.com, All Rights Reserved
     Terms of Use  Privacy Policy
AppraisersForum.com is proudly hosted by the folks at AppraiserSites.com

Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
Partner Sites:
AppraiserUSA.com - National Appraiser Directory AllDomainsUSA.com - Domain Name Registration
DeadbeatListings.com - Deadbeat ListingsAppraiserSites.com - Web Hosting for the Professional Real Estate Appraiser
Find FHA Appraisers - FHA Appraiser Search Commercial Appraisers - Commercial Appraiser Search
Relocation Appraisal - Find Relocation Appraisers Domain Reseller - Business Opportunity
Home Security Buzz - Home Security Info Radon Testing - Radon Gas Info
My Medicare Forum - Medicare Info Stop Smoking Help - Help Quitting Smoking
CordlessPhoneStore.com - Great Cordless Phones AndroidTabletCity.com - Android Tablet Computers

Follow AppraisersForum.com:          Find us on Facebook            Follow us on Twitter


All times are GMT -5. The time now is 04:54 PM.

SiteMap: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93