I would guess you either think you are right and the market is wrong, or more probably, you equate taking a loss with failure, and you are trying desperately to avoid failure by holding on and hoping the trade will turn around.
You mention having rules. What are they?
Do you have a firm...
By: Kate Berry
Pick up just about any city's newspaper or turn on any news show, and if the topic is real estate, the banking industry is likely being lambasted for foreclosing on troubled homeowners.
But industry data and anecdotal evidence suggest banks and servicers have been dragging...
I think your calculations need a little work. First of all, the $15k in taxes is not a tax credit, its a tax deduction. That means it still cost you $10k out of pocket each year. Was that an interest only loan of $800k? Otherwise you were making a principal payment each month in addition to...
Lies? What lies. Spell them out.
Thieving? What has he stolen. Show us the evidence.
Criminal SOB? What crimes has he committed? Again, lay out the evidence.
Yep, its kind of like the child that murders his parents then asks for mercy because he is an orphan. These banks made their bed, now they should be made to lie in it.
For future reference, depending upon the state where you were convicted, you may be able to get the conviction expunged. Thus, there would no longer be a record of your conviction, and you could legally state no have never been convicted.