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6 Comments on Dumpster Diver Discovers "Lost" Short Sale Files
I love Ralph's Stories. Of course the good news is as much as they sound like what happens in real life they are indeed just Ralph's musings and not true.
Hi Cindy,
She is the best writer - ever! What a great laugh! So life-like!
May - Interesting information, maybe it could happen. Thanks for sharing it.
Hi John,
It does sound a little more like BoA than WAMU, but I enjoyed a wonderful laugh!
It takes a real dog to sniff out what Chase and WaMu are doing in the dumpsters. Good Dog Ralph.. Now bite them in the ass because they deserve it.
Hi Jack,
Can you imagine how different things would have been if banks would have waived late fees and added the skipped payments to the end of loans when this first started? The banks could not have cared less when people called so say they were having problems. Today the seller's couldn't care less about walking away from their mortgages and taking the appliances, ceiling fans and air conditioners with them.
Credit card companies are just like the banks. The minute someone is late they post that late pay and increase the interest rate. If someone needs help because of an emergency the credit card doesn't suspend the payments for a 3 month grace period which would help a person get back on their feet. 6 months later the credit card company writes off the debt and moves on. The person's credit is ruined the company takes a loss when they could have kept the borrower and kept getting paid.
When a person has good credit to protect they will jump over mountains or eat peanut butter and jelly sandwiches to keep that good credit.
Once credit starts going down hill, interest rates go up, cards get cancelled people feel like their financial life is ruined. They give up and feel like walking away. They feel like starting over in a few years is a better solution. I've been watching the same story for years now. I see how sellers transform from gut wrenching agony and sleepless nights over being a payment late on their mortgage to taking a vacation while waiting for a short sale approval from the lender.
Maya
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