REO sales and "Market Value"

[Mr Rex]

I've seen it. Statement stands. One mans boilerplate CYA is another man's master piece. Don't cut off an ear just yet.

 

[residentialguy]

I've seen it. Statement stands. One mans boilerplate CYA is another man's master piece. Don't cut off an ear just yet.

You've seen my reports? Suuuuuure you have :laugh:

 

[Mr Rex]

You think when you send stuff to other posters it doesn't make the rounds?

 

[Mile High Trout]

Do you really think monetary value, fiat currencies and the like have anything to do with some borrowers owing far more on their homes than they're worth vs other borrowers who don't?

Billions and Billions Mr Hatch. Billions and Billions.

A parallel question would perhaps be; Did the erratic inflationary tendencies of the dollars worth contribute to over availability of credit which contributed in drawing up unsustainable economic influences in the housing industry? Should we agree to disagree?

Getting cought off guard with those issues seems to be the tune of the day. All my friends used to have houses, while I hated it in that stupid apartment. Now they've all lost the homes, and I'm the last man standing. It's the economic sustainability argument.

 

[residentialguy]

You think when you send stuff to other posters it doesn't make the rounds?

Rex, If my reports didn't support what I was saying, I wouldn't put it out there for support.

 

[George Hatch]

Billions and Billions Mr Hatch. Billions and Billions.

A parallel question would perhaps be; Did the erratic inflationary tendencies of the dollars worth contribute to over availability of credit which contributed in drawing up unsustainable economic influences in the housing industry? Should we agree to disagree?

Getting cought off guard with those issues seems to be the tune of the day. All my friends used to have houses, while I hated it in that stupid apartment. Now they've all lost the homes, and I'm the last man standing. It's the economic sustainability argument.

Your last line completely validates my argument. The banks did what they did but their misconduct is not put your friends in debt. They chose to assume that debt, that decision being their real problem. The subsequent foreclosure was just the result, not the cause.

 

[JSmith43]

but if you guys think that your clients or the realty agents should be king then knock yourselves out. Be my guest.

Of course, no one has advocated this. That is a nasty habit, passing out straw man arguments like no one is paying attention. It is disrespectful to the readers.

The GSE's have been leading with a nose ring forever & THE CURRENT PARADIGM HELPS THEM ALONG.

Accidentally touched the cap key but the results pleased me.

 

[Mr Rex]

Rex, If my reports didn't support what I was saying, I wouldn't put it out there for support.

We all need stroking. Pick you pals and a stroking session quickly becomes a circle jerk. So goes your exposure to criticism.

 

[residentialguy]

We all have templates and CYAs. But everything in my report is tailored to my subject. Everything is explained in much greater detail and clarity with greater research and verification then over 95% of other appraiser's summary appraisals... and rivals most narratives. I am 110% confident of that and 110% confident that you can't prove otherwise. :new_smile-l:

 

[Mile High Trout]

Your last line completely validates my argument. The banks did what they did but their misconduct is not put your friends in debt. They chose to assume that debt, that decision being their real problem. The subsequent foreclosure was just the result, not the cause.

Isnt' that sort of a 'it's the babies fault for playing with the knife you left out' type of argument? Don't forget the loan types were approved for public consumption, and the ratings game. Oh how quickly those issues get swept away if they challenge pragmatic views.

So no misconduct in predatory lending or libor hugh? Totally separated argument. Who knew!? I made out because I'm distrustful and wore the tin foil hat. But is that really validation?

Before inflation took hold, there is a family legend that both of my grandparents paid off their homes on 10 year notes and used to buy new cars every few years. Those simply must be urban legends.