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Originally Posted by JUNIOR
Every other one has not gotten a approval. I think the banks avaoid them like kryptonite.
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It will be interesting to see who the first bank or OEM is that targets these customers. There have to be millions of people in the U.S. that have charge-offs and foreclosures - someone's going to end up selling these people cars.
I've read that 75% is supposed to be a significant psychological level for homeowners with a mortgage. If the value of their home drops below 75% of their mortgage they tend to walkaway - even if they have solid jobs and the ability to pay.