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Bland
Join Date: Nov 2003
Location: I'm 'out there...'
Posts: 8,895
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i just don't understand how banks can take these huge write downs. I bought a repo'd 5th wheel trailer in 07 where the bank was still owed $75k on it. I got it for just over $20k.
I can't see how they will ever collect the $55k plus disposal costs from the previous owner. The loan crisis applies to more than just mortgages.
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06 Cayenne Turbo S and 11 Cayenne S
77 911S Wide Body GT2 WCMA race car
86 930 Slantnose - featured in Mar-Apr 2016 Classic Porsche
Sold: 76 930, 90 C4 Targa, 87 944, 06 Cayenne Turbo, 73 911 ChumpCar endurance racer - featured in May-June & July-Aug 2016 Classic Porsche
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