Comments on: Making Lemonade http://www.biggerpockets.com/renewsblog/2009/06/29/making-lemonade/ Learn, Network, Invest Tue, 24 Nov 2009 02:35:52 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: jacklewitz http://www.biggerpockets.com/renewsblog/2009/06/29/making-lemonade/comment-page-1/#comment-66803 jacklewitz Sat, 11 Jul 2009 17:01:15 +0000 http://www.biggerpockets.com/renewsblog/?p=5751#comment-66803 I used the Lemonande analogy on a blog post of mine. "Does Anybody Want a Free Glass of Lemonade" I showed a picture of a boy without money looking for a free glass of lemonade. I tried to draw the analogy the this boy is like the american public when they ask the bank for an IOU on their Mortgage. I said the boy will drink the lemonade and forget they have to pay for the drink and the public will get a Mortgage Forebearance and forget they have to pay this money back to the bank. <abbr><em>jacklewitz’s last blog post: <a href="http://ilrealestatespecialists.com/2009/07/10/whos-on-first/" rel="nofollow">Who’s on First?</a></em></abbr> I used the Lemonande analogy on a blog post of mine. “Does Anybody Want a Free Glass of Lemonade” I showed a picture of a boy without money looking for a free glass of lemonade. I tried to draw the analogy the this boy is like the american public when they ask the bank for an IOU on their Mortgage. I said the boy will drink the lemonade and forget they have to pay for the drink and the public will get a Mortgage Forebearance and forget they have to pay this money back to the bank.

jacklewitz’s last blog post: Who’s on First?

]]> By: Tevin Campbell http://www.biggerpockets.com/renewsblog/2009/06/29/making-lemonade/comment-page-1/#comment-66560 Tevin Campbell Mon, 29 Jun 2009 19:20:45 +0000 http://www.biggerpockets.com/renewsblog/?p=5751#comment-66560 when life hands u grapes make wine..dont wine when life hands u grapes make wine..dont wine

]]> By: Nick http://www.biggerpockets.com/renewsblog/2009/06/29/making-lemonade/comment-page-1/#comment-66553 Nick Mon, 29 Jun 2009 15:19:18 +0000 http://www.biggerpockets.com/renewsblog/?p=5751#comment-66553 I definitely agree with you on the issue of accepting the worst case scenario and working to prevent it as much as possible. Too often, borrowers assume the worst case and then go straight into avoidance and denial. They ignore phone calls, wait and hope for the best, and do not take steps to address their finances. All of which makes it more likely that their lender will foreclose and seek a deficiency judgment. I definitely agree with you on the issue of accepting the worst case scenario and working to prevent it as much as possible. Too often, borrowers assume the worst case and then go straight into avoidance and denial. They ignore phone calls, wait and hope for the best, and do not take steps to address their finances. All of which makes it more likely that their lender will foreclose and seek a deficiency judgment.

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