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Playinghardball

(11,665 posts) Wed Jan 4, 2012, 03:28 PM Jan 2012

#Occupy Went To A Foreclosure Sale And This Is What They Did

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#Occupy Went To A Foreclosure Sale And This Is What They Did (Original Post) Playinghardball Jan 2012 OP

$220,000... for that? Scootaloo Jan 2012 #1

$220K Mortgage - Bank rebuys the house for $72K and Federal Gov. pays 75% of loss from original mort FreakinDJ Jan 2012 #2

Scootaloo

(25,699 posts)

1. $220,000... for that?

Reply to Playinghardball (Original post)

Wed Jan 4, 2012, 03:40 PM

Jan 2012

I'm sorry, no. That's not right. I'm not a realtor or anything, but even I can tell that that place... it's a vinyl-sided cabin! - is not even WORTH that much. There's no logical reason for the mortgage to have been that high. Only greed can answer for that.

FreakinDJ

(17,644 posts)

2. $220K Mortgage - Bank rebuys the house for $72K and Federal Gov. pays 75% of loss from original mort

Reply to Playinghardball (Original post)

Wed Jan 4, 2012, 03:45 PM

Jan 2012

Those are the "Sweet Heart Deals" the Obama administration gave the HUGE Wall St. Banks

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