tag:blogger.com,1999:blog-11719208.post3070828994114327273..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Default and then rent in Palmdale, CaliforniaTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11719208.post-29803381960820502332009-12-11T11:48:35.591-08:002009-12-11T11:48:35.591-08:00I don't necessarily agree that defaulting on y...I don't necessarily agree that defaulting on your home is "stiffing the bank." It depends on the loan conditions I guess, but all of the secured loans I've had I agreed to either pay back the money, OR give them back the asset. Plus they got to keep any money I'd paid. <br /><br />I known several people through the years who have gotten quite wealthy getting assets back and reselling.<br /><br />If the bank made a stupid loan, they stiffed themselves. <br /><br />Unsecured loans are a different story...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-5321674817009228762009-12-11T10:05:40.533-08:002009-12-11T10:05:40.533-08:00If I had a mortgage, and I discovered it had been ...If I had a mortgage, and I discovered it had been paid for by TARP, I'd walk away too.<br /><br />Well, after the eviction.staghoundshttps://www.blogger.com/profile/05976667812875074135noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-74473589691645132912009-12-11T08:43:25.727-08:002009-12-11T08:43:25.727-08:00Not to worry. They should be able to retire at 55...Not to worry. They should be able to retire at 55 and live off CalPERS for the rest of their lives.Anonymousnoreply@blogger.com