National City: Paying Customers To Close Credit Lines Smacks of Desperation [View article]
These are strange times. I think you will be seeing lenders letting borrowers become "house sitters" and may even pay them to stay in the lender's house. A vacant house deteriorates rapidly and with no ready market, it makes sense to keep it occupied. A few foreclosures can be handled, but a tidal wave requires new thinking.
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These are strange times. I think you will be seeing lenders letting borrowers become "house sitters" and may even pay them to stay in the lender's house. A vacant house deteriorates rapidly and with no ready market, it makes sense to keep it occupied. A few foreclosures can be handled, but a tidal wave requires new thinking.
Sep 04 22:54 pm
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All Comments by helplessobserver »National City: Paying Customers To Close Credit Lines Smacks of Desperation [View article]