Andy wrote:
> 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?
>
Not when the labor blokes mismanage this situation far worse than the
libs did for years .
When Turnbull takes power next xmas and into the next term it starts all
over again
|
