Posted by JT-IN on May 08, 2008 at 16:47:08:
In Reply to: deficiency judgments in Virginia posted by stanley on May 08, 2008 at 11:00:02:
"Suntrust's current disposition i.e. are they aggressive ***'s or do they feel you've suffered enough with loss of home, credit hit, etc.?"
I don't think you can count on any large corp being concerned whether you have "suffered enough, or too much". That type of thinking simply isn't part of the equation, nor should it be.
Consider if you are a stockholder of Suntrust. Do you want them to place the concern over a defaulted borrower over that of the performance of the shareholder...? I doubt it, nor should they. It is easy to look at thru your own eyes and have concern for yourself... just as they will do for themselves, and their shareholders.
You borrowed the money and you owe the money. They are well within their rights to expect you to pay, or else. The reality is that they probably will not pursue the Def Judg since it is doubtful that on a large scale that it will produce a positive yield. Some lenders in judg fc states obtain the def judg just in case you were to win the lottery, or other good fortune.
Wish I could help you with your main question, but can't. I simply wanted to point out a broader view of the subject and that many more are involved in the outcome of this, besides yourself. Shareholders are counting on those dividends, as you would be if you were holding STI.
BTW: The poor shareholders have suffered enough already... The stoick has fallen from 90 to 50 in the last 10 months. Haven't they taken enough of a beating... or do you want them to suffer further?
- Re: Emotions are for consumers Stanley 17:19:44 05/08/08 (0)