In article <fusb44$j15$1@[EMAIL PROTECTED]
>, atec77 <atec77NOSPAM@[EMAIL PROTECTED]
>
wrote:
> Snapper wrote:
> > atec77 wrote...
> >
> >>
http://www.smh.com.au/news/national/repo-men-called-to-stress-belt/2008/04/
> >> 22/1208742940230.html
> >
> >
> > "Mr Mouwad said more home owners were selling their houses before they
> > were repossessed, but he said some lenders were refusing to authorise
> > sales if the price failed to cover the full mortgage."
> >
> > Isn't this is what mortgage insurance is for, for those who are forced
to
> > take it out as a part of the mortgage application process?
> >
> > So, the poor ****s, whether they're put in that situation by their own
> > deeds or otherwise, cannot win. They can't sell the house but are
instead
> > forced out, the mortgagee will flog it and claim on the LMI, leaving
the
> > dispossed with **** all and a ****ed credit rating.
> >
> > A sad state of affairs and it's only gonna get worse.
> >
> >
> Seems like a couple of months ago things were in a better state
> MM musta been electing those labor blokes that did it ..
Yeah, no need to get your head out of the sand and research what's going
on world-wide, eh?
--
Cheers,
Andy.
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