Buying mortgages
 

Buying mortgages
 

"Dave" wrote in message
...
On Wed, 24 Sep 2008 14:27:54 -0600, "Charles Momsen"
said:

About 6-9 months ago there was an article in the WSJ about some guy in
Indiana using the same ploy. Apparently he had stayed in his foreclosed
home
for quite a while, years if I remember correctly. Do you remember the
story?

Vaguely, yes. That may be the story I had in mind.

Here is an account of a legal ruling from 3 years ago:

http://www.thelenreid.com/resources/...6_NYLJ_REU.pdf

Buying mortgages
 

wrote in message
...
On 24 Sep, 20:31, "Charles Momsen" wrote:


Dave, when the government does it, it's not stealing. It's for the common
good.

What rubbish!

The Government doesn't act for the "common good". Each member
acts in a way that he thinks will get him/her re-elected.

Unfortunately, idiots like you, will vote for the party that
makes you *think* that you are better off. If credit is easy,
you will borrow money to buy things that you cannot really
afford. It isn't just homes that is causing the current problems,
it is autos, fridges, furniture, Evos and anything else that you are
buying on a credit card.

If you are stupid enough to think that they have your interests
at heart, then you deserve what you get.


Regards


Donal
--

Donal, you might have missed something in the transatlantic transmission.
Read it again with an eye towards sarcasm.

Buying mortgages
 

On Wed, 24 Sep 2008 18:51:02 -0400, Marty wrote:

Capt. JG wrote:

I'm not at all sure that bankruptcy was what the OP had in mind.
Your interpretation is extremely twisted and dishonest. You sound like
someone connected with banks.



By his own admission. He advises bank regulators!




I might have missed something, but I don't think that's what Dave said,
he did say something more like he deals with them, whether pro or con
was not mentioned.


A lot of them start out pro's, but end up cons.