Morning, Rick.

Evening Vas

My cat.......I think he's going to kill me in my sleep....
http://i179.photobucket.com/albums/w...-55-02_654.jpg
http://i179.photobucket.com/albums/w...5-54-55_41.jpg

They all plot that Joe

hehe :D

I miss, Markus. :(

And, Dave. :(

The dude is seriously good people

You darn right, Rick.

So are you, Southern Dandy.

Are you sure the bouncing tach thing isn't just a right foot tremor?

Looks like the gearbox with clutch is gunna be around 8k. :)

Hey, Stick.

Evening Richard

Any house hunting, Rick ?
or is the whole idea off for now.

We are still looking, our place is still on the market. Just not a good time to sell. Too many foreclosures to compete with

what is the deal with foreclosures in the US.
Fire sale?

Mortgage defaults due to the collapsed economy among other political happenings that I am not gonna parf the thread up with.
I'm just glad I saw the writing on the wall and sold the rental house and paid off most of my debt before it went tits up

Its not purely political Rick... Lots of idiots bought houses they couldn't afford, and mortgage co's weren't doing their homework.....

No PARF, Rick.
I was asking what the banks do with the houses.
Do they just sell them for what they can get, or do they hold them.

I agree and it all stemmed from greed and people not willing to do what is right. Needless to say it is a subject that is rather depressing and to be honest pisses me off. Why should I have to suffer because I did it the right way?

Hi Vas.

That's not quite right, Rick. Up until a few years ago, it was pretty easy to get a mortgage loan valued at way more than a person could afford to pay back. The lenders weren't about to tell their clients that they cold not repay the loans, since the lender was making money hand over fist. The clients were thrilled, since they could now buy a million dollar home, even though they should have purchased something in the $300,000 range (making numbers up here). The collapse of the economy just made things worse.

It really had mostly to do with the mortgage industry and how loans were made.