Hi, this may sound like a dumb question; but I bought my home for 0,000 3 years ago, since then pretty much 80% of the houses in my community have been forclosed on due to idiots signing up for sub-prime mortgage lenders. after the forclosure HUD buys out the bank note and then sells the homes for like ,000 – ,000 each!! according to an appraisal based on this my home is now only worth 0,000 (based on HUD selling the homes around me for next to nothing) is there anything I can do? I feel terrible for the idiots who got caught up in sub prime lending but what about the people with excellent credit who always pay their bills on time?
Tags: 3 years, Buy HUD Homes, dumb question, forclosure, HUD, sub prime lending, sub prime mortgage, sub prime mortgage lendersPosts Tagged ‘sub prime lending’
Can you sue HUD (housing and urban dev.) for killing your home value?
Thursday, June 18th, 2009Search :
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Sorry, dipshit, the economic collapse was caused by democrats forcing sub-prime lending to high-risk borrowers. Barney Franks even blocked the oversight regulation in Congress that would have avoided this mess. 9/11 and the WMD reports ...
We hear so much about the collapse of the U.S. sub prime residential market, but we don't hear a whole lot about what I refer to as the global business sub prime lending market. For business financing, there are three basic levels of ...
It's no surprise, or shouldn't be, that the richest Americans gained incomes hedge funds, private equity funds and subprime lending were booming. After all, they had a windfall and they invested. Just not in the rest of us. ...
Having bad credit scores dont stop people from applying for more and more credit cards and loans. Subprime lending is a facility that allows people to have.
However, the experience of work in the subprime mortgage market has shown them that take risks are more moderate fruitful. Addition, borrowers with bad credit are not so lax in making payments that the credit would have us believe. ...
The credit market turmoil leading to the recession of 2008-2010 was partly causes by lending institutions expanding into marginal home mortgages. Under the traditional lens, the institutions saw the expansion as simply more of the ... The same business opportunity viewed through a non-traditional lens, the distance between their old products, the more traditional mortgage loans, vs. the new products, loans to the sub-prime market, can cause a different picture to emerge. ...
Sub prime lending cost and effect. sassyalways26 on March 13th, 2010. Given that you don't apparently understand that the Dow Jones Index is only 30 out of thousands & thousands of publically-traded companies, how is it that you feel ...
With no risk to them, and the Government removing lending standards until all you required was a pulse the housing market become wide open to run away speculation. Fannie/Freddie lowered standards to where they accepted SELF reported income , ... Then they force fed their mortgage backed securities to Wall St. This video is accurate right up until that WHY moment. Banks didn't WANT to make subprime loans, and had to be bullied into it by Carter, Clinton and ACORN. ...
He took a slice of 2008 loans just above the subprime threshold and compared their average delinquency rate to those just below the threshold in CRA ZIP codes. The difference is statistically insignificant: 24.9% vs. 24.1%. ...
Meanwhile, Predatory Lenders utilize rather a number of diverse rude practices when composed a subprime loan. There are probable targets for these exercises, who are the low-income, minority, or even the elderly homeowners who, ...