We are "tossing" them in also.
I have read this thread twice and still cannot come to a decision about how the handle negative equity on in-direct loans.
I believe we can include negative equity as part of the purchase price, but some of you made good arguments for not including it.
For those of you that believe an in-direct sale with negative equity is a covered loan, how are you going to enforce compliance of oral and written disclosures on the dealership when the bank does not receive the completed contract until after the deal is done?
What we think, we become.