Comments on: Where do the banks drop off their keys? http://www.mightybargainhunter.com/2008/01/30/where-do-the-banks-drop-off-their-keys/ Personal finance, commentary, and spending less the easy way Sat, 21 Nov 2009 01:23:30 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: UK Repossessions Dude http://www.mightybargainhunter.com/2008/01/30/where-do-the-banks-drop-off-their-keys/comment-page-1/#comment-178026 UK Repossessions Dude Wed, 13 May 2009 06:40:28 +0000 http://www.mightybargainhunter.com/2008/01/30/where-do-the-banks-drop-off-their-keys/#comment-178026 Those business sectors who cashed in during the boom years have all proved how inflexible their business models are, and finding it difficult to adapt to a harsher climate where they actually have to get out there and find other ways of doing business - like us little people have to. Better to have some money coming in thab have empty properties falling into decay. It's hardly rocket science is it? Those business sectors who cashed in during the boom years have all proved how inflexible their business models are, and finding it difficult to adapt to a harsher climate where they actually have to get out there and find other ways of doing business – like us little people have to.

Better to have some money coming in thab have empty properties falling into decay. It’s hardly rocket science is it?

]]> By: Jayson http://www.mightybargainhunter.com/2008/01/30/where-do-the-banks-drop-off-their-keys/comment-page-1/#comment-122296 Jayson Sat, 09 Feb 2008 04:23:12 +0000 http://www.mightybargainhunter.com/2008/01/30/where-do-the-banks-drop-off-their-keys/#comment-122296 Thanks for pointing this out - I've never thought about the maintenance and cost of maintenance that the banks incur. I felt bad for them loosing tons of money on foreclosures and having to market the properties but never realized that they'd also have to take care of the properties. Just one more reason why short sales are so attractive for banks. Thanks for pointing this out – I’ve never thought about the maintenance and cost of maintenance that the banks incur. I felt bad for them loosing tons of money on foreclosures and having to market the properties but never realized that they’d also have to take care of the properties.

Just one more reason why short sales are so attractive for banks.

]]> By: Bad Credit Loan http://www.mightybargainhunter.com/2008/01/30/where-do-the-banks-drop-off-their-keys/comment-page-1/#comment-120363 Bad Credit Loan Thu, 31 Jan 2008 15:20:29 +0000 http://www.mightybargainhunter.com/2008/01/30/where-do-the-banks-drop-off-their-keys/#comment-120363 I am sure a financial institution will come up with the answer to the question and obviously make millions. But what will that company be? I am sure a financial institution will come up with the answer to the question and obviously make millions. But what will that company be?

]]> By: Daytona Beach Florida Real Estate http://www.mightybargainhunter.com/2008/01/30/where-do-the-banks-drop-off-their-keys/comment-page-1/#comment-120209 Daytona Beach Florida Real Estate Wed, 30 Jan 2008 17:04:17 +0000 http://www.mightybargainhunter.com/2008/01/30/where-do-the-banks-drop-off-their-keys/#comment-120209 This might be a great idea for right home buyer/tennent. We had a house go to foreclosure and the whole block cheered. They never mowed the yard for years and always had the police there and family sqwabbles and thats not what this street has ever been about. The people never worked and as there children told us do this move house to house however they can get by. But with the right person it could be a great idea. Couldn't they offer then some sort of lease to own also. They could assess the house at today value not during the boom several years ago and still make a small profit. This might be a great idea for right home buyer/tennent. We had a house go to foreclosure and the whole block cheered. They never mowed the yard for years and always had the police there and family sqwabbles and thats not what this street has ever been about. The people never worked and as there children told us do this move house to house however they can get by.

But with the right person it could be a great idea. Couldn’t they offer then some sort of lease to own also. They could assess the house at today value not during the boom several years ago and still make a small profit.

]]> By: Ron@TheWisdomJournal http://www.mightybargainhunter.com/2008/01/30/where-do-the-banks-drop-off-their-keys/comment-page-1/#comment-120182 Ron@TheWisdomJournal Wed, 30 Jan 2008 13:06:37 +0000 http://www.mightybargainhunter.com/2008/01/30/where-do-the-banks-drop-off-their-keys/#comment-120182 Maybe the banks should consider leasing the properties back to the former homeowners for a reduced rate. It would cut their insurance rate, help keep the home in good condition, and be a friendly way to increase their positive exposure in the community. People understand that the bank wants its money, but by keeping people in a home, even for a short period of time, would have some positive benefits in my opinion. Maybe the banks should consider leasing the properties back to the former homeowners for a reduced rate. It would cut their insurance rate, help keep the home in good condition, and be a friendly way to increase their positive exposure in the community. People understand that the bank wants its money, but by keeping people in a home, even for a short period of time, would have some positive benefits in my opinion.

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