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The Water Cooler
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This just in.... Banks will be performing "disaster" drills Feb 15th and 16th
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<blockquote data-quote="subprep" data-source="post: 2409054" data-attributes="member: 28253"><p>cool on your bunkerage but I thought you would maybe want a little info on your house. I primarily deal with foreclosures and it doesn't matter what your house is worth to the bank or how much you owe on it. They have an insured backed loan and if they foreclose on someone they and whoever the insurer is (fannie, freddie, hud) get to cash in on said policy and don't lose a dime. So anyone who thinks they are getting one over on a bank by owing more than its current market value or even worse the ones that destroy the home when they leave are sadly mistaken the banks get their money sometime double or triple over. :-/</p></blockquote><p></p>
[QUOTE="subprep, post: 2409054, member: 28253"] cool on your bunkerage but I thought you would maybe want a little info on your house. I primarily deal with foreclosures and it doesn't matter what your house is worth to the bank or how much you owe on it. They have an insured backed loan and if they foreclose on someone they and whoever the insurer is (fannie, freddie, hud) get to cash in on said policy and don't lose a dime. So anyone who thinks they are getting one over on a bank by owing more than its current market value or even worse the ones that destroy the home when they leave are sadly mistaken the banks get their money sometime double or triple over. :-/ [/QUOTE]
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The Water Cooler
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This just in.... Banks will be performing "disaster" drills Feb 15th and 16th
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