ST Alpha - "It's the not making payments that is the default, not the drop in value." (Reading a Post)

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It's the not making payments that is the default, not the drop in value.

Posted by pmb (aka pmb) Feb 20 '09, 13:55

A drop in value may cause a person who is holding an investment to walk away, but the "Default" under the documents is not making the payments, not the drop in value.

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[deleted] 6
- But you did say or insinuate that the drop in value causes forclosures, to the point that the bank initiates it - oblique Feb 20, 14:01 5
  - [deleted] 4
    - Making payments is purely a cash flow issue. The value of your assets is a balance sheet issue. They're not the same. - pmb Feb 20, 14:12 2
      - [deleted] 1
        
        Seriously Jack, you're all over the place on this. - pmb Feb 20, 14:19
    - so? -- nm - oblique Feb 20, 14:09

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It's the not making payments that is the default, not the drop in value.

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