Julio E. Sune Jr. (FL)
Senior Member
- Joined
- Jan 16, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Florida
http://money.cnn.com/2008/11/13/news/economy/dodd_hearing/index.htm?cnn=yes
Yesterday the Government decided they would NOT purchase the *junk* from banks...[*non-performing assets*] and decided it was "better" to use the $$ to "shore-up" non-regulated institutions.........Wowwww!!!! What a reversal!!!!..........I bet that one of the biggest problems would have been determining the VALUE of these "non performing assets"....I guess they first just tried through BPO's and it did NOT work......
Now the "beat will go on".....as usual..........no real solution........
{"Banks are failing to use public funds to make credit more available and to help troubled homeowners, said Sen. Christopher Dodd, D-Conn. Congress did not pass the bailout plan so banks could hoard the money or use it to scoop up faltering rivals, he said."}
Better sharpen your foreclosure skills!!!
1__Value "as is"
2__Value as repaired
3__Value to Investor [Discounted]
^..^ Kool Kat
Yesterday the Government decided they would NOT purchase the *junk* from banks...[*non-performing assets*] and decided it was "better" to use the $$ to "shore-up" non-regulated institutions.........Wowwww!!!! What a reversal!!!!..........I bet that one of the biggest problems would have been determining the VALUE of these "non performing assets"....I guess they first just tried through BPO's and it did NOT work......
Now the "beat will go on".....as usual..........no real solution........
{"Banks are failing to use public funds to make credit more available and to help troubled homeowners, said Sen. Christopher Dodd, D-Conn. Congress did not pass the bailout plan so banks could hoard the money or use it to scoop up faltering rivals, he said."}
Better sharpen your foreclosure skills!!!
1__Value "as is"
2__Value as repaired
3__Value to Investor [Discounted]
^..^ Kool Kat