Re: norm those were NINJNA loans


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Posted by Mike Stone on Tuesday, December 16, 2008 at 11:23:21 :

In Reply to: It's all a sad event... posted by MoparNorm on Monday, December 15, 2008 at 21:12:50 :

No Income
No Job
No Assets
I would imagine that a good percentage of the
houses going to the auction block are in very bad shape
if one cannot make the payments one cannot
do the routine maintenance houses require
much like when HYUNDAI cars were first sold here. Most buyers had come from the old, used
car sector and had no idea of what scheduled maintenance entailed and complained about everything much like the buyers of the low cost mercedes benz cars today.



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