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Newsjock (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 12:49 AM Original message |
Citi to let distressed homeowners stay for 6 mos. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 01:45 AM Response to Original message |
1. How nice of them |
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leftofcool (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 06:00 AM Response to Reply #1 |
6. And just to pour salt on the wounds |
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IScreamSundays (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 10:13 AM Response to Reply #6 |
12. Try selling a home in one of those States |
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mbperrin (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 10:56 AM Response to Reply #12 |
14. Bank doesn't care if it sells or not. They get to take every bit of loss |
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Name removed (0 posts) Send PM | Profile | Ignore | Thu Feb-11-10 11:09 AM Response to Reply #14 |
15. Deleted message |
WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 11:29 AM Response to Reply #14 |
16. Yeah, but a tax write-off is not that great... |
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mbperrin (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 01:11 PM Response to Reply #16 |
23. Certainly reduces their taxes on their other income. AND you can carry it |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 01:21 PM Response to Reply #23 |
25. That's assuming you're making income... |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 11:35 AM Response to Reply #1 |
22. A kinder, gentler foreclosure. |
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tomm2thumbs (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 01:54 AM Response to Original message |
2. they get the deed, they don't have to pay for lawyers, they're doing themselves a favor |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 02:07 AM Response to Reply #2 |
4. Of course |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 11:31 AM Response to Reply #2 |
17. Why would they do something that is not in their interests? |
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leftofcool (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 02:07 AM Response to Original message |
3. Alternatives my ass! This is not a new program |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 11:31 AM Response to Reply #3 |
18. No... |
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leftofcool (1000+ posts) Send PM | Profile | Ignore | Fri Feb-12-10 04:53 PM Response to Reply #18 |
37. These days you do. |
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pundaint (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 05:29 AM Response to Original message |
5. Yeah like they could get to processing all those foreclosures any quicker. |
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pipoman (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 06:37 AM Response to Original message |
7. Someone explain how this is good for the debtor? |
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leftofcool (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 06:43 AM Response to Reply #7 |
8. It isn't and they know it |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 11:33 AM Response to Reply #7 |
20. That is not what it means at all.... |
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pipoman (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 11:37 PM Response to Reply #20 |
30. Yea, I don't know how many states are like KS |
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Joe Bacon (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 07:23 AM Response to Original message |
9. Yeah, what would you expect from... |
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pipoman (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 11:57 PM Response to Reply #9 |
32. Mr. Potter, you're nothing more than a scurvy little spider... |
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wroberts189 (1000+ posts) Send PM | Profile | Ignore | Fri Feb-12-10 01:08 AM Response to Reply #32 |
33. +1 |
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Doctor_J (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 08:50 AM Response to Original message |
10. Unless the job market does a 180 over the next 6 months |
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Xenotime (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 09:56 AM Response to Original message |
11. They should just give them the house...its only fair. |
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Dappleganger (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 10:16 AM Response to Reply #11 |
13. Where are the protests?? |
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Zoeisright (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 11:33 AM Response to Original message |
19. Fucking banksters. |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 11:34 AM Response to Reply #19 |
21. And then everyone would get free houses... |
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Robb (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 01:14 PM Response to Original message |
24. Fucking hilarious. |
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doodadem (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 01:36 PM Response to Original message |
26. Banks are making a killing on Foreclosures |
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Missy Vixen (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 01:41 PM Response to Reply #26 |
27. This is the solution, isn't it? |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 02:34 PM Response to Reply #27 |
29. A free house for 10 years would make a huge difference in my finances... |
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WriteDown (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 02:34 PM Response to Reply #26 |
28. Foreclosure attorneys are separate entities.... |
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w4rma (1000+ posts) Send PM | Profile | Ignore | Thu Feb-11-10 11:57 PM Response to Reply #28 |
31. Yes. That would be the nice politically correct term for it. Thanks. (nt) |
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bandit599 (11 posts) Send PM | Profile | Ignore | Fri Feb-12-10 01:11 AM Response to Original message |
34. Even a corporation as big as Citigroup needs good press |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Fri Feb-12-10 04:08 AM Response to Reply #34 |
35. This has nothing to do with compassion. It's purely a business decision. |
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TexasObserver (1000+ posts) Send PM | Profile | Ignore | Fri Feb-12-10 05:21 AM Response to Original message |
36. That's a smart move. They don't really need the house vacant, anyway. |
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Samantha (1000+ posts) Send PM | Profile | Ignore | Fri Feb-12-10 09:19 PM Response to Original message |
38. Wouldn't the bank having the deed obfuscate not having the |
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