Article

2009-03-11 Home Front Economy

Some Banks, Feeling Chained, Want to Return Bailout Money

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tu3031 2009-03-11 14:33|| || Front Page|| [2 views ] Top

#1 The real problem is that delaying foreclosure will result in the banks becoming even more insolvent, as prices on homes continue to plunge to affordable levels, eroding the prices they can get for foreclosed properties.

Posted by Zhang Fei 2009-03-11 16:34|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2009-03-11 16:34|| Front Page Top

#2 Importantly, some banks are now refusing to foreclose. When a mortgage fails at a Sheriff auction, the bank can then refuse to take it back. This is done to stick the mortgage holder with any taxes or fines levied on the property.

Posted by Anonymoose 2009-03-11 16:58|| 2009-03-11 16:58|| Front Page Top

#3 Never trust Greeks bearing gifts.
Never trust a smiling government giving you money.

Too late guys. Obama and Uncle Sam own your asses now.

Posted by DarthVader 2009-03-11 17:04|| 2009-03-11 17:04|| Front Page Top

#4 Government puts onerous conditions on government handouts?

Johnson! Stop the presses!

Posted by Steve White 2009-03-11 20:25|| 2009-03-11 20:25|| Front Page Top

23:34 A_Rovian_Desciple
23:31 trailing wife
23:25 CrazyFool
23:25 CrazyFool
23:18 trailing wife
23:14 trailing wife
22:43 Skunky Glins 5***
22:40 Grunter
22:38 JosephMendiola
22:37 Skunky Glins 5***
22:35 JosephMendiola
22:20 phil_b
22:18 mom
22:11 DMFD
22:09 Whineper Hitler1157
22:08 Pappy
21:59 Pappy
21:30 Pappy
21:27 WTF
21:13 Frank G
20:52 ed
20:51 john frum
20:44 Mike N.
20:39 phil_b