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Still Doin Time
Join Date: Nov 2004
Location: Nokesville, Va.
Posts: 8,225
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I agree, seems to me that some / most institutions are either ignoring the obvious continued market down turn or oblivious to it. Better to take some loss on the short than to hope and hold for the full loaf of bread IMO.
The 'other' mortgage products that are just now starting to implode are the "Alt A's" and "Option ARM's" which are now just starting the first adjustment. If you think the bubble has exploded because of the subprime; just wait another 6 months to a year for these products to land back in the holders lap.
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'15 Dodge - 'Dango R/T Hauls groceries and Kinda Hauls *ss
'07 Jeep SRT-8 - Hauls groceries and Hauls *ss Sold
'85 Guards Red Targa - Almost finished after 17 years
'95 Road King w/117ci - No time to ride, see above
'77 Sportster Pro-Street Drag Bike w/93ci - Sold
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