"atec77" <atec77NOSPAM@[EMAIL PROTECTED]
> wrote in message
news:fusd6f$qsa$2@[EMAIL PROTECTED]
> Andy wrote:
>> In article <fusb44$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 .
You must have missed this bit from the article you pointed us to:
"What you've got coming through in the past month or two effectively began
*six to eight months ago*."
Hmmm. Who was in power 6-8 months ago?
ROFL. You can't even read your own ****e, can you ****wit.
> When Turnbull takes power next xmas and into the next term it starts all
> over again
That'll happen the day you learn to put a coherent post together, you
useless ****.
--
Kwyj.
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