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Originally posted by xxcalbier
well now i know what you need to be in order to be judged by you guys as a ooo we should be nice to them.
103 years old .
what is the difference between 103 and 83 and 53 and 33 and 23 if i may ask? why is it you guys all flip out when its a 33 year old saying they have troubles paying and shouldn't have to leave but when its a 103 year old hey dont pay no problem?
after all this woman had a 103 YEARS to pay off this home if she couldn't do it in that time why the pity party?
just asking because you all say I am a loser because of the economy and would just love to finish me off instead of giving me a job
Originally posted by Skewed
reply to post by peck420
There is a little more to it than that.
As long as the bank has the title and there is money owed on it, the bank is loosing money every day until they can get the place vacated and new tenants or someone else buys it. There is some intangible loses that will accrue that the bank will not be able to recover.
online.wsj.com... 0047766.html
Ms. Campbell's foreclosure case has outlasted two marriages, three recessions and four presidents. She has seen seven great-grandchildren born, plum real-estate markets come and go and the ownership of her mortgage change six times. Many Florida real-estate lawyers say it is the longest-lasting foreclosure case they have ever heard of.
At just three weeks shy of her 104th birthday, Vinia Hall has shared her home on Penelope Road in Northwest Atlanta with her daughter for 53 years.