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08-05-2011, 09:28 AM | #16 |
The Insider
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As a real estate agent this is a horrible idea. The biggest problem with foreclosures are the banks themselves. They are the ones who have ****ed up to begin with for the most part. Alot of the houses on the foreclosure market are there bc of the bank's stupidity in giving the loan. Not based on the people's income to pay off the loan but on the properties themselves. Lot of stupid ass ideas that never should have been given in the first place. Then when you try to sell a foreclosed home, its an even bigger cluster ****. And of course Freddy Mac and Fannie Mae homes are even bigger pain in the asses.
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08-05-2011, 09:31 AM | #17 | |
Space Cadet and Aczabel
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VARSITY
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Quote:
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Thanks, Trump for the civics lesson. We are learning so much about RICO, espionage, sedition, impeachment, the 25th Amendment, order of succession, nepotism, separation of powers, 1st Amendment, obstruction of justice, the emoluments clause, conflicts of interest, collusion, sanctions, oligarchs, money laundering and so much more. |
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08-05-2011, 09:32 AM | #18 |
Say hello to my little friend
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08-05-2011, 09:32 AM | #19 | |
Quit your bullshit
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08-05-2011, 09:38 AM | #20 |
Quit your bullshit
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If I can't sell a $20 bill for $50, that doesn't mean that nobody wants a $20 bill.
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08-05-2011, 11:09 AM | #21 | |
Praise Him
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08-05-2011, 11:11 AM | #22 |
Sapere Aude
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This is an awful idea that would demolish the value of homes wherever it was done.
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Ehyeh asher ehyeh. Donger's Razor: "The most establishment-friendly explanation that gives leftist and neocon politicians the most amount of cover is the only possible explanation, even when gaping holes and leaps of logic are required to get there." |
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08-05-2011, 11:12 AM | #23 |
The Insider
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08-05-2011, 11:14 AM | #24 |
Quit your bullshit
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How so?
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08-05-2011, 11:15 AM | #25 | |
Sapere Aude
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Why would anyone buy a home from a bank if they knew the government would undercut their price in a pennies on the dollar auction? Why would anybody buy the guy's house on Maple Street for market value if they knew they could get a similar home on 117th at a fraction of the price?
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Ehyeh asher ehyeh. Donger's Razor: "The most establishment-friendly explanation that gives leftist and neocon politicians the most amount of cover is the only possible explanation, even when gaping holes and leaps of logic are required to get there." |
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08-05-2011, 11:15 AM | #26 |
Praise Him
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08-05-2011, 11:29 AM | #27 | |
Quit your bullshit
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1. Houses are auctioned regularly. It doesn't crush neighboring home prices, and they don't go for pennies on the dollar. 2. The banks would get the proceeds, so its not like the government would act as owners. If they can force people to pay property taxes, they can force a sale. Here's a question, though. Are banks required to pay the taxes after foreclosing?
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08-05-2011, 11:32 AM | #28 |
The Insider
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