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Loss Mitigation General Chat loss mitigation

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Old 02-26-2009, 01:49 AM
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Default To KLAJ...I understand the banks and loaning stuff, but

why not stop the foreclosures to.......? prevent the domino effect that was created by foreclosing and having property that needs to be maintained while the housing market was teetering. When real estate problems began, why was it not a thought to at least keep some form of $$ coming in to slow the domino effect and figure something out and it would/might have let the lending practice, the rush for commission, lying, over priced executive salaries and bonus, corporate "play" might have been revealed and the climate of disaster be lessen to provide more time for thought about getting this mess cleared up. Obviously, the Domino Theory does happen?
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