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« CNBC Anchors on a Mission | Main | Blowouts of the Week: An Example for Investors and Traders »

December 24, 2008

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Account Deleted

Why would a lender accept less than they are owed? Because the choice is a foreclosure. as with the borrower, there's significant consequences to the lender in the event that they foreclose:
* The legal costs of eviction & repossession,
* The loss of loan payments in the work of the foreclosure method until it is re-sold
* A foreclosed house will require work before it can be resold.~virginia short sale

Mike Lautensack

not sure I total follow but found this interesting - good post

ken

I think that the short sale ban on banking institution stock is still in effect on European exchanges. If I recall correctly the ban was through the end of the year, or longer.

The time limit of three weeks for the ban was a joke. Cox never wanted it to work. Any study of this action that does not acknowledge the insincere nature of the SEC ban is, in my opinion, deeply flawed.

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