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Old 03-11-2010, 11:00 AM
Location: Vancouver, B.C., Canada
11,026 posts, read 25,080,054 times
Reputation: 5390


Originally Posted by user_id View Post
This is not such a bad idea, a short sale on multiple levels is better than a foreclosure. I'd much rather this than all the loan modification programs, those just delay reality.

Having a bunch of people stay in debt traps for years is not good for the general economy. I have no problem letting people suffer for their bad decisions, but when they start taking others down with them it becomes a general societal problem.
I agree why should we bail out people that knew that they could not afford to buy in the first place or people buying second home to flip
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Old 03-11-2010, 11:37 AM
Location: Texas
2,847 posts, read 2,143,751 times
Reputation: 1754
Originally Posted by floridasandy View Post
Short-Sale Program Will Pay Homeowners to Sell at a Loss - NYTimes.com

the federal government is now trotting out a new plan which will pay delinquent homeowners to sell their homes in a short sale.

what is the point of good behavior if only bad behavior is going to be rewarded in this country?
I have had many friends in the business and they refer to this plan as the

"Extend and pretend" program.
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Old 03-12-2010, 04:44 AM
12,869 posts, read 13,745,086 times
Reputation: 4453
this all has to do with the investment pools getting more money from the taxpayers. the government might think that the american people are stupid, but they are not.
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