from the sellers with no third party involved (ie the bank). If the sellers default on their loan, the house has nothing to do with it. We have a secured interest in the house and our contract precedes all other contracts. So why would a seller ever agree to this? Many reasons: you (the buyer) are offering a monthly payment higher than the seller’s monthly payment to the bank, the seller has bought another house and can’t afford multiple payments, the seller is fearing foreclosure on their …
Speakers: • Alan Blinder, Professor of Economics and Public Affairs, Woodrow Wilson School, Princeton University • Zanny Minton Beddoes, Economics Editor, The Economist magazine • Peter Orszag, Director, Congressional Budget Office Location: Princeton Club of New York. Co-sponsored by the Woodrow Wilson School of Public and International Affairs, Princeton University, and The Economist Magazine Date: Apr 23, 2008
.net A Bigger Crash Is Coming after the Second Wave/Crash in the mortgage crisis. The solution is: HELP – Humanize (Be Humane),
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Panel 3: The Regulatory Frontier Michael Schill, UCLA, Moderator “Three Mortgage Innovations for Enhancing the American Mortgage Market and Promoting Financial Stability” Diana Hancock and
A California Policy Perspective on the Financial Crisis Darrell Steinberg, President Pro Tem.-elect, California State Senate Larry Rosenthal, UC Berkeley, Moderator Panel 2