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Author Topic: Not political, but want to ask here - Banks, Foreclosure  (Read 268 times)

Roger Bacon

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Not political, but want to ask here - Banks, Foreclosure
« on: August 17, 2011, 05:28:35 AM »
With these millions of abandoned homes that are completely deteriorating into nothing, and bringing down everyone's property value.  Why don't banks just leave these families in the homes until they sell, at least someone would be there to maintain the property and keep people from coming in and taking all the copper.   
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Hugo Chavez

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Re: Not political, but want to ask here - Banks, Foreclosure
« Reply #1 on: August 17, 2011, 05:32:19 AM »
Quote from: P.I.P on August 17, 2011, 05:28:35 AM
With these millions of abandoned homes that are completely deteriorating into nothing, and bringing down everyone's property value.  Why don't banks just leave these families in the homes until they sell, at least someone would be there to maintain the property and keep people from coming in and taking all the copper.  

You lousy pinko commie lol...
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Roger Bacon

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Re: Not political, but want to ask here - Banks, Foreclosure
« Reply #2 on: August 17, 2011, 05:36:40 AM »
Quote from: Hugo Chavez on August 17, 2011, 05:32:19 AM
You lousy pinko commie lol...

hahaha....  I can't hide my true colors any longer!  ;D ;D ;D ;D
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Soul Crusher

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Re: Not political, but want to ask here - Banks, Foreclosure
« Reply #3 on: August 17, 2011, 06:02:38 AM »
These loans all sit on their balance sheets and they just can't write them all off or down without collapsing their capital reserves which are required by law.  When they write off x dollars from one loan, it comes off their capital reserves. 

Its a little more complicated than you think.
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Roger Bacon

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Re: Not political, but want to ask here - Banks, Foreclosure
« Reply #4 on: August 17, 2011, 06:21:36 AM »
Quote from: 333386 on August 17, 2011, 06:02:38 AM
These loans all sit on their balance sheets and they just can't write them all off or down without collapsing their capital reserves which are required by law.  When they write off x dollars from one loan, it comes off their capital reserves.  

Its a little more complicated than you think.

No, I understand all that.  I just don't understand why they need to evict them.  Seems like the Sheriff and Banks could turn a blind eye, and let the people squat until the property sold?

The banks, surrounding property owners and families would be better off.
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