On Thu, Feb 14, 2008 at 2:19 PM, Pete Theisen <[EMAIL PROTECTED]> wrote:
> On Thursday 14 February 2008 14:58, Stephen Russell wrote: > > > Sub Prime refers to type of paper they were generating. This was class > > c,d,e paper. Or shitty payments are to be expected from these lowlifes. > > So make the loan and sweep in after we foreclose and the value of the > > investment will have risen and we will make a profit on the sale after > > repo. > > Hi Stephen! > > They made a bunch on "closing costs" as well. Good thing, now they have > the > home back, the obligation for paying its taxes and no market for it. > ------------------------------------------------ I wish I didn't have my $ tied so closely now otherwise i'd pick up a nicer McMansion at 60 cents on the dollar this summer. There should be a fair number of them and most of the real estate pros are jumping on todays deals, that they will be semi wore out later this summer. :) -- Stephen Russell Sr. Production Systems Programmer Mimeo.com Memphis TN 901.246-0159 --- StripMime Report -- processed MIME parts --- multipart/alternative text/plain (text body -- kept) text/html --- _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
