All Forum Posts by: James Harkness

Yeah DOC!!!!!!!!!!!!!

I have a feeling the landlord would be liable, but could then sue the tenant. I'm not a lawyer though.

It sounds to me like you are seeking legal advice, and for that, your best bet would be to get a lawyer. Good luck with your situation. Maybe someone who has been in the same situation as you can let you know how it played out for them, but each situation can be different depending on the jurisdiction you are in.

How are you a commercial loan originator? Didn't you just say that you are a bird dog? Looks like you are simply trying to broker deals. That does not qualify you as an originator in my book.

I'm assuming you are talking about the foreclosure sale dates being postponed. There are two main reasons that a sale date will be postponed. Either the owner is contesting the foreclosure and the loan is tied up in litigation of some sort, or they are working with the bank and the bank has decided to push the foreclosure back to give more time to work out the loan.

Nick, I'm not 100% on this, but my understanding is that the FDIC only gets involved when a bank goes under. Then another bank buys the assets of the failed bank with the FDIC guarantee.

The purchasing bank often does not have any motivation to do a short sale because if they foreclose, they have a guaranteed return because of the FDIC. This does not mean that a bank will not do a short sale on its own assets though.

In short, I do not think you can single out entire banks... I think it is more of a case by case/loan by loan decision.

I agree that terrorism is scary, but it will not destroy the country. It will affect an isolated population where the terrorism occurs. The country will recover from an act of terrorism. I do not believe that this country will fall apart due to attacks from outsiders. It will fall apart from the inside out, starting with the economy. Only once our economy collapses will outsiders be able to effectively attack us here, IMO.

I think that is exactly why the national debt is our biggest threat. It will be the erosion of the moral of the citizens of this country and the mass destruction that is caused when the economy completely collapses that will destabilize our government to the point that foreign regimes will have an opportunity to take over. Nuclear threats are not threats in my opinion. Any country that drops a nuke on the United States will begin the end of the world, not just the end of a superpower.

National Debt. When the economy collapses, so will the country. External threats are scary, but I believe that as a nation, we are prepared to deal with them. A total collapse of the economy will divide this country and the threat will come from the desperation of those with nothing.

After reading this whole thread, the one thing I think I can say to add to this is that just because something is well footnoted does not make it fact. I am sure that whatever the topic, I could author something completely opposite of what Beck said and footnote the crap out of it with sources that support my views. I used to do that quite frequently in college, just for the fun of it.