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michael@valleyfi
79 Posts |
 Posted - 05/19/2008 : 2:58:40 PM
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| Anyone else notice thnat the REO action isn't entertaining DPA as often or much? |
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d_damiano
555 Posts |
Posted - 05/25/2008 : 4:04:18 PM
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quote:
Originally posted by michael@valleyfinance
Anyone else notice thnat the REO action isn't entertaining DPA as often or much?
Simple reason, If the bank looses money on the deal they make an insurance claim for the difference. If they go with the DPA, they can't recoup it.
DPA's will only work when the banks can afford to take off the DPA and still have enough left over for the claim. |
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d_damiano
555 Posts |
Posted - 05/25/2008 : 5:02:32 PM
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