bostonbubble.com Forum Index bostonbubble.com
Boston Bubble - Boston Real Estate Analysis
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

SPONSORED LINKS

Advertise on Boston Bubble
Buyer brokers and motivated
sellers, reach potential buyers.
www.bostonbubble.com

YOUR AD HERE

 
Go to: Boston real estate bubble fact list with references
More Boston Bubble News...
DISCLAIMER: The information provided on this website and in the associated forums comes with ABSOLUTELY NO WARRANTY, expressed or implied. You assume all risk for your own use of the information provided as the accuracy of the information is in no way guaranteed. As always, cross check information that you would deem useful against multiple, reliable, independent resources. The opinions expressed belong to the individual authors and not necessarily to other parties.

Another new Patrick administration foreclosure plan would ma

 
Post new topic   Reply to topic    bostonbubble.com Forum Index -> News & Reference Suggestions
View previous topic :: View next topic  
Author Message
news



Joined: 14 Jul 2007
Posts: 0
Location: Greater Boston

PostPosted: Wed Jul 25, 2007 1:11 pm GMT    Post subject: Another new Patrick administration foreclosure plan would ma Reply with quote

Use this forum thread to discuss the following link.

Description: Another new Patrick administration foreclosure plan would make lenders pay - Residents who lose homes could get cash for moving and rent
URL: http://www.boston.com/business/globe/articles/2007/07/25/foreclosure_plan_would_ ...truncated...
Info/Broken?: http://www.bostonbubble.com/link_info.php?id=1030

Subscribe to New Links: RSS Feed
Suggest a Link: Reference Suggestion Forum
Back to top
View user's profile Send private message Visit poster's website
AgentGrn



Joined: 28 Sep 2006
Posts: 82

PostPosted: Wed Jul 25, 2007 5:21 pm GMT    Post subject: Reply with quote

Imagine that ... foreclose and get your first/last and moving expenses as you re-enter the rental market.

The silver lining in this, is that the idea of subprime in MA will be completely eliminated. It's bad enough to lose money on the house, but a couple additional thousand plus some cash back to failed borrowers should make reckless lenders a bit more risk-averse.

Then, maybe, prices will start to sink to an affordable level.
Back to top
View user's profile Send private message
admin
Site Admin


Joined: 14 Jul 2005
Posts: 1826
Location: Greater Boston

PostPosted: Wed Jul 25, 2007 5:50 pm GMT    Post subject: Reply with quote

I actually like this proposal quite a bit more than the bailout plan that went through earlier. The bailout plan prolongs the effects of the failed financial arrangements, disproportionately benefits the lenders (or their successors), creates a moral hazard, and is paid for by the tax payers. This new proposal, on the other hand, only helps the overextended borrowers and doesn't absolve them of responsibility - I assume that their credit would be ruined in the process, so this only helps with the immediate problem of shelter. It's too bad that the original bailout plan wasn't similarly targeted.

- admin
Back to top
View user's profile Send private message Send e-mail Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic    bostonbubble.com Forum Index -> News & Reference Suggestions All times are GMT
Page 1 of 1

 
Jump to:  
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Forum posts are owned by the original posters.
Forum boards are Copyright 2005 - present, bostonbubble.com.
Privacy policy in effect.
Powered by phpBB © 2001, 2005 phpBB Group