Category: short sales

Desperadoes: Part 2, why don’t you come to your senses?

30 November, 2012 (11:36) | Bankruptcy, Banks, Catalonia, deed-in-lieu, Ecosystem, Eurozone, Foreclosure, Global news, Homeownership, Markets, Restructuring, short sales, Spain, Workouts |

By:David A. Smith   [Continued from yesterday's Part 1.]   In yesterday’s post, which used an intriguing Wall Street Journal (November 11, 2012) article on the possibility that Spain will reform its antiquated and self-defeating mortgage-damnation system, we saw that under current Spanish law defaulting borrowers can never escape their debts, with destructive consequences that [...]

Desperadoes: Part 1, your pain and your hunger, drivin’ you home

29 November, 2012 (11:34) | Bankruptcy, Banks, Catalonia, deed-in-lieu, Ecosystem, Eurozone, Foreclosure, Global news, Homeownership, Markets, Restructuring, short sales, Spain, Workouts |

By:David A. Smith   When a system becomes swamped by the scale of failure, then its anachronisms become exposed and its previous protocols break down.  But what comes after, when the situation is desperate?    Desperado, why don’t you come to your senses? You been out ridin’ fences for so long now Oh, you’re a [...]