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Old 11-28-2007, 02:27 PM
Mooch279 Mooch279 is offline
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ok this might be dumb but i'm not sure how all the real estate transaction really work. But why would HQ sell them back to the alumni? if in most cases they were holding mortgages, wouldn't it just resort back to them. And can't they get a third party mortgage management firm to look over collecting money and paying the bank until whatever the next iteration of LCAP comes along?
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Last edited by Mooch279; 11-28-2007 at 03:55 PM.
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Old 11-28-2007, 05:32 PM
Tom Earp Tom Earp is offline
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Originally Posted by Mooch279 View Post
ok this might be dumb but i'm not sure how all the real estate transaction really work. But why would HQ sell them back to the alumni? if in most cases they were holding mortgages, wouldn't it just resort back to them. And can't they get a third party mortgage management firm to look over collecting money and paying the bank until whatever the next iteration of LCAP comes along?

Billy unfortunatily it does not work that way!

The LCAP owns the Paper, - Deed. When it comes time of LCAP demise the deed is paper = money! So since there is no avenue to keep it intact, sell the paper. So then as I see it, the Zetas=Chapters are SOL! "Shit Out Of Luck"!


So, what to do then, sell it! So then what does it do? Hurts Zetas! For those that do not remember, Zetas=Chapters.

gammazeta brings up good points as many do!

So, where in the Hell does it put us as Zetas?

Do We as a International Fraternity back our Members or do they/we not?

Should they be left hanging in the wind? If that is done then why are We Members if We do not cover Our Brothers when we can?

Is it our part as individual who worry about Our Zeta and not others?

We are a total, and I want to see something positive from :Our: IHQ!
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Last edited by Tom Earp; 11-28-2007 at 05:36 PM.
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Old 11-28-2007, 05:51 PM
GammaZeta GammaZeta is offline
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Why not for the next year or two, simply bring in a nationwide property management firm to run LCAP properties and just give them the profits?
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