Loan Modification Forum - LoanSafe.org - View Single Post - My monthly deficit too high to get a mod?

ZAP09 · 06-12-2009, 08:14 AM

Terie-
I don't understand the thinking either, there are 3 bank owned in our neighborhood, just sitting there empty and delapitating (bad for all). Since this doesn't make sense, cause the bank could've probably at least got something from previous resident, I can't help but think we're not seeing something, not to sound too out there. The banks are not stupid, nothing they do doesn't benefit them. Perhaps they are gathering up all the foreclosures (while holding onto the billions in tax payers money they have received) and plan on sitting a bit, the market will eventually turn around and think of the % of American real estate they will own- they will at that point be even be more powerful. As we all know real estate is always what the wealthiest of the wealthiest want. This economy is a season and they know this at the end of it they will control a huge part of our economy/real estate market. The power, the control- by the banks! I can't wait to read some others thoughts on this. I haven't had a chance quite yet, but I have heard Moe b. has a lot of ideas of his own.

06-12-2009, 08:14 AM	#38 (permalink)
ZAP09 Senior Member Join Date: May 2009 Posts: 30 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: My monthly deficit too high to get a mod? Terie- I don't understand the thinking either, there are 3 bank owned in our neighborhood, just sitting there empty and delapitating (bad for all). Since this doesn't make sense, cause the bank could've probably at least got something from previous resident, I can't help but think we're not seeing something, not to sound too out there. The banks are not stupid, nothing they do doesn't benefit them. Perhaps they are gathering up all the foreclosures (while holding onto the billions in tax payers money they have received) and plan on sitting a bit, the market will eventually turn around and think of the % of American real estate they will own- they will at that point be even be more powerful. As we all know real estate is always what the wealthiest of the wealthiest want. This economy is a season and they know this at the end of it they will control a huge part of our economy/real estate market. The power, the control- by the banks! I can't wait to read some others thoughts on this. I haven't had a chance quite yet, but I have heard Moe b. has a lot of ideas of his own.